According to Nanofilm in a July 5 announcement, taking over the partner's stake will give it "enhanced management control" over Sydrogen's operations and strategic direction.
Nanofilm Technologies International plans to pay $15 million to buy out the 35% stake held by partner Temasek Holdings in a hydrogen-focused joint venture.
Sydrogen Energy, as this joint venture is called, was formed in July 2021. Temsaek holds its stake via an entity called Venezio Investments.
