Advent Technologies Signs Memorandum of Understanding with BASF to Secure Supply Chain for Large Scale Projects

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Dec 13, 2021

Advent Technologies Holdings, Inc. (NASDAQ: ADN) and BASF New Business GmbH ("BASF") recently signed a Memorandum of Understanding (MoU). The agreement aims to develop and increase the manufacturing scale of advanced fuel cell membranes designed for long-term operations under extreme conditions. BASF intends to improve the long-term stability of its Celtec® membrane and to increase production capacity with advanced technical capabilities to enable further improved and competitive Advent fuel cell systems and membrane electrode assembly (MEA).