 HAMILTON, Bermuda, March 15, 2021 PRNewswire -- Ardmore Shipping Corporation NYSE: ASC Ardmore, ASC, or the Company today announced that it has signed a Letter of Intent LOI with Element 1 Corp. E1 and Maritime Partners, LLC MP whereby the parties propose to establish a joint venture for the purpose of delivering E1s unique methanol-to-hydrogen technology to the marine sector, as well as make certain other investments as described herein. Element 1 Corp., headquartered in Bend, Oregon, is a leading developer of advanced hydrogen generation systems used to power fuel cells with broad use in mobile applications and remote locations such as marine, trucking, automotive, off-road vehicles, rail, warehousing, and backup power supply sectors. 