Vienna, 28 July 2022 – Wolf Theiss advises on a joint venture between subsidiaries Phillips 66 Limited and H2 Energy Europe SA.
Wolf Theiss advised on all Austrian law aspects of the joint venture, including the structuring of the transaction and advice on corporate governance aspects.
JET H2 Energy Austria GmbH (JET H2 Energy), the joint venture between subsidiaries Phillips 66 Limited and H2 Energy Europe SA, will combine the retail expertise of Phillips 66 and the hydrogen expertise of H2 Energy and be well positioned to boost the development of hydrogen in Europe. The new company plans to develop approximately 250 hydrogen refueling stations by 2026.
Swiss-headquartered H2 Energy Europe SA is a joint venture between commodity trading firm Trafigura Pte Ltd. and H2 Energy Holding AG, a leading hydrogen provider in Europe with investments in the production, distribution and utilization of green hydrogen. Through its affiliated companies, H2 Energy was the first to develop and deliver hydrogen fuel cell trucks to commercial users and create a green hydrogen fueling ecosystem in Switzerland.
The Wolf Theiss core team included Sarah Wared (Partner, Corporate/M&A, Austria) and Jana Landhäußer (Associate, Corporate/M&A, Austria).