British multinational chemicals company INEOS believes that Formula 1 is an ideal platform to help drive forward the development of hydrogen fuel technologies, and plans to spearhead the initiative with Mercedes.
INEOS took a major stake in the F1 team this year alongside Daimler and Toto Wolff, and has big plans for the future.“Mercedes already has incredible technologies that can be used on heavy trucks,” INEOS co-founder Sir Jim Ratcliffe told Motorsport.com earlier this month.
“It says a lot about the prospects of hydrogen as a substitute for gasoline," he added. "A partnership between Mercedes and INEOS could have a major impact.
“We are the largest, if not the largest, hydrogen producer in Europe," he explained. "In addition we are leaders in the technology that makes the electrolysis process where hydrogen is extracted from water as efficient as possible."
Formula 1 has already committed itself to using a 100 per cent sustainable fuel developed by the FIA as part of its plan to become carbon neutral from 2021 and net zero by 2030 - Link
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