HGEN eyes London’s first listing of clean hydrogen fund

Chemicals group Ineos commits to invest in IPO as fund targets big returns from sector

An investment company advised by former senior executives from Shell, BP and ExxonMobil is lining up an IPO at the end of July which aims to raise £250mn ($347mn) and gain the first London Stock Exchange listing of a fund dedicated to the clean hydrogen sector. HydrogenOne Capital (HGEN) already has backing from chemicals group Ineos, which has committed to an investment of £25mn through the IPO, which is expected to close by the end of July. $90bn – Investible hydrogen assets “Clean hydrogen is a fast-moving and complex sector that commands a specialist approach with access to private equity to unlock value for shareholders. We have established HGEN to fill that gap,” says Richard H