The Algona-based Hydrogen Engine Center has inked a deal with a firm from India to test and market one of its engines. Company president Ted Hollinger says the H-E-C has signed an agreement with Grasim Industries Limited which is a chlorine company that makes its product from salt water with a by-product of hydrogen.
Hollinger says much of the hydrogen is burned off as waste, but the hydrogen can be captured and burned as fuel in an H-E-C engine that would produce electricity. Grasim, one of India’s largest companies, promises to help market the engine to other chlorine companies if a test is successful.
H-E-C shares went up eight-percent yesterday, trading at nine-fifty on the over-the-counter bulletin board.