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Latest press releases

1/13/22

Capital Markets Day: thyssenkrupp Uhde Chlorine Engineers changes name and brand to thyssenkrupp nucera – strong starting position to continue growth

  • Presentation of strategy and first financials at Capital Markets Day

  • Company will operate under its new name thyssenkrupp nucera as part of an extensive rebranding initiative going forward

  • As of December 31, 2021 order backlog for green hydrogen is already around
    €900 million

  • CEO Denis Krude: “With our strategic roadmap, we want to position ourselves as the number one technology leader in the electrolysis market. We are ready to shape a new era.”

thyssenkrupp Uhde Chlorine Engineers becomes thyssenkrupp nucera: At its Capital Markets Day in Essen at the thyssenkrupp Headquarters today, one of the world’s leading green hydrogen technology providers presents its new identity. The management team led by CEO Denis Krude also gives further information on the business model and especially the growth strategy. The company’s decade-long experience in chlor-alkali electrolysis provides a strong basis for its alkaline water electrolysis technology enabling its customers to transform into carbon net zero.

The Capital Markets Day marks an important milestone. thyssenkrupp AG is currently examining how to develop the hydrogen business in the best possible way preferring an initial public offering (IPO). A stock exchange listing would make it possible for the capital market to apply a market value to the business and the IPO proceeds could be used to finance further growth. To underline the new era of the hydrogen business, it will operate under its new name thyssenkrupp nucera from today onwards. The name nucera is composed of “new”, “UCE” and “era” and thus symbolizes the departure for the business into a new era of innovation, transformation, and green energy.

Volkmar Dinstuhl, CEO of thyssenkrupp’s Segment Multi Tracks: “The green transformation of the industry is a task for the next decades. The complete system change can only be accomplished together with a common vision and when we rethink existing systems. This needs the right investment, technology, business model as well as lean processes. thyssenkrupp nucera has a solid basis and the right competencies to pave the way. This new brand in our thyssenkrupp family is an important step towards fostering our electrolysis leadership position – with blueprint technologies and business cases for the world.”

“We are taking off from a strong position in the chlor-alkali market with best-in-class technology and a yearly gigawatt supply chain. It is our aim to become the number one technology leader for large-scale industrial green hydrogen production in the alkaline water electrolysis market”, says Denis Krude, CEO of thyssenkrupp nucera. “The industry is ready for the energy transition and we are ready to deliver the technology needed to achieve net-zero in sectors that cannot be electrified and for processes with hard-to-abate emissions.”

thyssenkrupp nucera: A technology leader in the hydrogen and chlorine market
thyssenkrupp nucera is a global technology leader for green hydrogen enabling its customers to transform into net zero and create a carbon-free industry. With over 600 projects, 240,000 electrolytic cell elements produced and over 10 GW of electrolyzer capacity installed, thyssenkrupp nucera is a market leader in the chlor-alkali sector. Its experience in the chlor-alkali business stretches over five decades, providing a strong basis for the alkaline water electrolysis (AWE) technology and scale-up. AWE is the leading large-scale industrial green hydrogen production technology. It enables to process hydrogen with a standardized modular approach at leading cost of ownership for large production volumes.

Renewable energy is expected to be the primary energy source for all market segments. With a clear strategy in place, thyssenkrupp nucera supports industrial customers to switch from grey to green. This includes the expansion of its international locations close to the customers to roll out the technology on a broad scale, the reduction of the total cost of ownership of the technology as well as strong, reputable partners like thyssenkrupp’s chemical plant engineering business unit Uhde and the Joint Venture partner De Nora.

Ready for future growth in the fast-developing AWE market

thyssenkrupp nucera offers an attractive financial profile ready to scale up quickly due to the modularized product business. The chlor-alkali business has generated stable revenues in the past years. Around half of the sales are generated by highly profitable holistic life cycle services which ensures recurring revenues and high visibility. At the same time, the company has all the advantages of an industrial supplier for green hydrogen production – including a strong order backlog that generates significant growth.

Revenues have grown by around 25 % from €255 million in 2019/20 to €319 million in 2020/21. As of December 31, 2021 order backlog for green hydrogen is already around €900 million. The EBIT of thyssenkrupp nucera developed with very slight fluctuations to €27 million. The focus on AWE growth will fundamentally change the scope of thyssenkrupp nucera in the years to come. By 2024/2025, the business aims to drive AWE and achieve around €600-700 million of revenues and continue to grow strongly thereafter. The hydrogen market is expected not only to increase sevenfold by 2050, but most of the previously fossil-based production will be converted to green hydrogen. The additional demand will come significantly from new applications and thus from many different sectors, such as power generation and storage, building heating and power supply, transport, and industrial energy and raw materials.

Two of the largest hydrogen projects already secured are significant milestones

The AWE order backlog includes two of the world’s largest hydrogen projects: In December 2021, thyssenkrupp nucera signed a contract to supply a more than two-gigawatt electrolysis plant for one of the world’s largest green hydrogen projects at NEOM in Saudi Arabia. In addition to this, thyssenkrupp nucera collaborates with Royal Dutch Shell on Europe’s largest green hydrogen project “Hydrogen Holland I” in the port of Rotterdam, Netherlands. For this project, thyssenkrupp nucera will engineer, procure and fabricate a more than 200 MW plant. This backlog volume demonstrates thyssenkrupp nucera’s technology leadership and competitiveness in AWE as well as its expertise in the technology delivery for industrial green hydrogen production.

Media inquiries:  
Katharina Immoor 
thyssenkrupp nucera
Head of Communications
Phone: +49 231 547 2863
Email:
katharina.immoor@thyssenkrupp.com

Investor inquiries:
Dr. Claus Ehrenbeck
thyssenkrupp AG
Head of Investor Relations
Phone: +49 201 844 536464
Email: claus.ehrenbeck@thyssenkrupp.com

About thyssenkrupp nucera:  
thyssenkrupp nucera offers world-leading technologies for high-efficiency electrolysis plants. The company, a Joint Venture with Industrie De Nora, has extensive in-depth knowledge in the engineering, procurement, and construction of electrochemical plants and a strong track record of more than 600 projects with a total rating of over 10 gigawatts already successfully installed. With its water electrolysis technology to produce green hydrogen, the company offers an innovative solution on an industrial scale for green value chains and an industry fueled by clean energy – a major step towards a climate-neutrality.

 www.thyssenkrupp-nucera.com

To the press release
1/10/22

thyssenkrupp to install 200 MW green hydrogen facility for Shell in port of Rotterdam

thyssenkrupp Uhde Chlorine Engineers has signed a supply contract with Shell for the large-scale project ‘Hydrogen Holland I’ in the port of Rotterdam, the Netherlands. Under the contract, thyssenkrupp Uhde Chlorine Engineers will engineer, procure and fabricate a 200 MW electrolysis plant based on their large-scale 20 MW alkaline water electrolysis module. First construction work for the electrolysers will likely begin in Spring 2022. Shell’s final investment decision to build the ‘Holland Hydrogen I’ is expected in 2022, after which the intended start of production will be in 2024.

“We are looking forward to support building a major hydrogen hub in central Europe and to contribute to Europe’s transition to green energy”, says Dr. Christoph Noeres, Head of Green Hydrogen at thyssenkrupp Uhde Chlorine Engineers. “With our large-scale standard module size, we will further strengthen Shell’s hydrogen strategy. Our partnership perfectly combines our engineering excellence with Shell’s competence of a large global energy player.”

thyssenkrupp brings engineering excellence to the new energy market
The center of the “Hydrogen Holland I” hydrogen project facility will be a hall, covering 2 hectares, the size of three football fields. Green hydrogen will be produced for industry and the transport sector, with electricity coming from offshore wind farm Hollandse Kust (Noord), by means of guarantees of origin. The hydrogen can be transported through a pipeline with a length of about 40 kilometers that will run from the plant to Shell’s Energy and Chemicals Park Rotterdam. Net zero is a number one priority for the plant: Reusable construction materials will be applied wherever possible and solar panels will be incorporated in the outside walls of the plant. The factory will be open to selected visitors once fully operational.

Green hydrogen is a main pillar of the energy transition towards sustainable decarbonization. By 2025, countries representing over 80 percent of the global GDP are expected to enter the hydrogen economy with a dedicated hydrogen strategy. As a global technology leader for green hydrogen, thyssenkrupp Uhde Chlorine Engineers enables its customers to transform into net zero and create a carbon-free industry.

 

Media inquiries:  
Katharina Immoor 
thyssenkrupp Uhde Chlorine Engineers
Head of Communications
Phone: +49 231 547 2863 
Email:
katharina.immoor@thyssenkrupp.com

 

Investor inquiries:
Dr. Claus Ehrenbeck
thyssenkrupp
Head of Investor Relations
Phone: +49 201 844 536464
Email: claus.ehrenbeck@thyssenkrupp.com

  

About thyssenkrupp Uhde Chlorine Engineers:  

thyssenkrupp Uhde Chlorine Engineers offers world-leading technologies for high-efficiency electrolysis plants. The company, a Joint Venture with Industrie De Nora, has extensive in-depth knowledge in the engineering, procurement, and construction of electrochemical plants and a strong track record of more than 600 projects with a total rating of over 10 gigawatts already successfully installed. With its water electrolysis technology to produce green hydrogen, the company offers an innovative solution on an industrial scale for green value chains and an industry fueled by clean energy – a major step towards a climate-neutrality.

 

To the press release
12/13/21

One of the largest green hydrogen projects in the world: thyssenkrupp signs contract to install over 2GW electrolysis plant for Air Products in NEOM

Air Products (NYSE:APD) has awarded thyssenkrupp Uhde Chlorine Engineers a contract to supply a more than two-gigawatt (2 GW) electrolysis plant for one of the world’s largest green hydrogen projects at NEOM in Saudi Arabia. Under this contract, thyssenkrupp will engineer, procure and fabricate the plant based on their large-scale 20 megawatt (MW) alkaline water electrolysis module. Upon commissioning, the project partners – NEOM, ACWA Power and Air Products (“NEOM Green Hydrogen Company”) – will operate the facility, which will produce hydrogen to be synthesized into carbon-free ammonia for export exclusively by Air Products to global markets. Engineering and procurement activities have been initiated, and the start of production is scheduled for 2026.

Strong partnership with strong sustainability lever

In July 2020, Air Products, together with ACWA Power and NEOM, announced the signing of an agreement for world-scale green hydrogen-based ammonia production facility powered by renewable energy. thyssenkrupp was selected by its strategic partner Air Products early in the project as technology supplier and has worked intensively on early engineering and project development. The signing of the project contract is a key milestone of both companies’ joint effort over the past year to use their complementary technology, engineering and project execution strengths to develop green hydrogen production facilities. The realization of the project leverages thyssenkrupp’s large-scale technology supporting Air Products’ development of green hydrogen for sustainable transportation, chemicals and power generation.

Dr. Samir J. Serhan, Chief Operating Officer at Air Products, says: “This project milestone with thyssenkrupp furthers our strong progress at NEOM to deliver carbon-free hydrogen on a massive scale in the Kingdom and for the world. The development and execution of this innovative megaproject is one of many required to drive a successful energy transition, and we look forward to continuing to develop, build, own and operate facilities that help address the world’s significant energy and environmental challenges. This project is the kickoff to become a frontrunner in the green hydrogen economy.”

“As a world market leader in electrolysis we bring in two decisive factors to realize such gigawatt projects: With our large-scale standard module size and gigawatt cell manufacturing capacity per year together with our Joint Venture partner De Nora we are able to deliver large capacity projects today”, says Denis Krude, CEO of thyssenkrupp Uhde Chlorine Engineers. “With this gigawatt project, we are committed to invest into ramping up our manufacturing capacities further. We also aim for a strong local setup which is key to delivering customized service solutions throughout the entire plant life-cycle and enables our strategic partner in their vision to become a global decarbonization pioneer.”

Media inquiries:

Katharina Immoor
thyssenkrupp Uhde Chlorine Engineers
Head of Communications
Phone: +49 231 547 2863
Email: katharina.immoor@thyssenkrupp.com

Katie McDonald
Air Products
Vice President Corporate Communications
Phone: +1 610 04813673
Email: mcdonace@airproducts.com

Investor inquiries:

Dr. Claus Ehrenbeck
thyssenkrupp
Head of Investor Relations
Phone: +49 201 844 536464
Email: claus.ehrenbeck@thyssenkrupp.com

Simon Moore
Air Products
Vice President Investor Relations, Corporate Relations and Sustainability
Phone: +1 610 4817461
Email: mooresr@airproducts.com

About thyssenkrupp Uhde Chlorine Engineers:

thyssenkrupp Uhde Chlorine Engineers offers world-leading technologies for high-efficiency electrolysis plants. The company, a Joint Venture with Industrie De Nora, has extensive in-depth knowledge in the engineering, procurement, and construction of electrochemical plants and a strong track record of more than 600 projects with a total rating of over 10 gigawatts already successfully installed. With its water electrolysis technology to produce green hydrogen, the company offers an innovative solution on an industrial scale for green value chains and an industry fueled by clean energy – a major step towards a climate-neutrality.

About Air Products:

Air Products (NYSE:APD) is a world-leading industrial gases company in operation for 80 years. Focused on serving energy, environment and emerging markets, the Company provides essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemical, metals, electronics, manufacturing, and food and beverage. Air Products is also the global leader in the supply of liquefied natural gas process technology and equipment. The Company develops, engineers, builds, owns and operates some of the world's largest industrial gas projects, including: gasification projects that sustainably convert abundant natural resources into syngas for the production of high-value power, fuels and chemicals; carbon capture projects; and world-scale carbon-free hydrogen projects supporting global transportation and the energy transition. The Company had fiscal 2021 sales of $10.3 billion from operations in over 50 countries and has a current market capitalization of over $65 billion. More than 20,000 passionate, talented and committed employees from diverse backgrounds are driven by Air Products’ higher purpose to create innovative solutions that benefit the environment, enhance sustainability and address the challenges facing customers, communities, and the world. For more information, visit airproducts.com or follow us on LinkedIn, Twitter, Facebook or Instagram.

Cautionary Note Regarding Forward-Looking Statements: This release contains “forward-looking statements” within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management’s expectations and assumptions as of the date of this release and are not guarantees of future performance. While forward-looking statements are made in good faith and based on assumptions, expectations and projections that management believes are reasonable based on currently available information, actual performance and financial results may differ materially from projections and estimates expressed in the forward-looking statements because of many factors, including risk factors described in our Annual Report on Form 10-K for the fiscal year ended September 30, 2021. Except as required by law, we disclaim any obligation or undertaking to update or revise any forward-looking statements contained herein to reflect any change in the assumptions, beliefs or expectations or any change in events, conditions or circumstances upon which any such forward-looking statements are based.

To the press release
12/3/21

HeidelbergCement entrusts thyssenkrupp with the modernization of its Airvault cement plant in France

  • Construction of a new 4000 tpd clinker production line

  • Significantly lower emissions while almost doubling production capacity

  • New assembly concept reduces construction time of preheater by several months

  • Commissioning is planned for mid 2024

To the press release
11/11/21

thyssenkrupp becomes key strategic partner of Dii Desert Energy

  • thyssenkrupp and international industry network, Dii Desert Energy, are working together to revive the initiative to unleash the energy transition in the MENA region.

 

thyssenkrupp intends to enter into a strategic partnership with Dii Desert Energy – an independent industry initiative and market enabler from Dubai and Munich.[1] Dii, also known as Desertec Industrial Initiative, has been a pioneer in the MENA region both in renewable energy since 2009 and green hydrogen since 2016. In 2017, thyssenkrupp joined Dii as associated partner, cooperating successfully on various topics of the energy transition. This commitment is now to be further strengthened by this new prominent partnership status.

 

The MENA region is expected to become one of the frontrunners of medium and large-scale green hydrogen and ammonia projects. Bilateral energy partnerships – such as between Germany and the UAE, Saudi Arabia and Morocco – will accelerate this development. Bringing together the right players of technology supply and downstream applications is key to creating an international market for “green molecules” such as hydrogen, ammonia and E-fuels. In this, Dii will play a central role for thyssenkrupp among others as a market enabler of hydrogen technology.

 

Andreas Beckers, representative for thyssenkrupp at Dii and CEO and Executive Board Member at thyssenkrupp Industrial Solutions Egypt: “We are excited to formulate this partnership with Dii as it enables us to offer our large-scale, state-of-the-art technology for green hydrogen and green ammonia production to create sustainable value in the region.”

 

Paul van Son, President of Dii comments: “We are thrilled that thyssenkrupp as a new shareholder of Dii is now representing the traditionally strong European voice alongside ACWA Power of Saudi Arabia and State Grid of China.”

 

Cornelius Matthes, CEO, adds: “thyssenkrupp brings a unique profile as both one of the largest emerging off-takers of green hydrogen for steel production and world’s largest manufacturer of alkaline electrolysers. This will will boost the work of our industry network along the entire value chain from emission free energy sources to industrial demand in the region and intercontinentally”.

 

Paddy Padmanathan, President & CEO of ACWA Power says: „We welcome thyssenkrupp as a fellow shareholder and prominent supporter of Dii. In the past, we have highly appreciated industry representation from Europe, in particular from Germany, in the governance of Dii’s well represented industry group. We are, thus, very happy that this tradition will be continued.”

 

About Dii Desert Energy:

Dii Desert Energy was launched in 2009 as an industrial initiative in Germany (initially under the name 'Desertec Industrial Initiative') to explore the potential of renewable energy in the desert areas of North Africa and the Middle East (MENA region = Middle East North Africa), to improve market conditions and to exploit synergies by connecting the European and MENA electricity markets. At that time, the 'Desertec vision' focused mainly on electricity from deserts for Europe. In 2015 the focus was directed to the energy transition in the first place in the MENA Region itself.  In recent years, Dii’s approach has evolved to both 'green electrons' and 'green molecules' along the value chain from source, transport and storage to the demand side, for the own region and eventually for export of emission free energy into the world markets.

 

About thyssenkrupp:

thyssenkrupp is a diversified group of companies with several business units and global footprint.  thyssenkrupp’s Uhde combines unique technological expertise and decades of global experience in the engineering, procurement, construction and service of chemical plants. The portfolio includes leading technologies for the production of basic chemicals, fertilizers and polymers as well as complete value-chains for sustainable chemicals. thyssenkrupp Uhde Chlorine Engineers offers world-leading technologies for high-efficiency electrolysis plants. The company has already successfully installed more than 600 projects and electrochemical plants worldwide, with a total capacity of over 10 gigawatts. With its water electrolysis technology for the production of green hydrogen, they offer an innovative solution for industrial-scale applications. This way, thyssenkrupp business units cover the entire value chain for green chemicals, from hydrogen to ammonia, methanol and synthetic natural gas – a major step towards a climate-neutral industry.

 

[1] Disclaimer: Subject to final approval by the relevant authorities, thyssenkrupp would become Dii shareholder by December 2021/January 2022.

Dii Desert Energy press contact:

Lutz Cleffmann
ECCO Düsseldorf
EC Public Relations GmbH
Phone: +49 211 23 94 49-21
Email: lutz.cleffmann@ecco-duesseldorf.de

 

thyssenkrupp press contacts:

Katharina Immoor 
Green hydrogen, thyssenkrupp Uhde Chlorine Engineers
Phone: +49 231 547 2863 
Email: katharina.immoor@thyssenkrupp.com

 

Christian Dill
Green ammonia, Business Unit Uhde
Phone: +49 231 547 3334 
Email: christian.dill@thyssenkrupp.com

 

To the press release
10/7/21

Expansion to 5 gigawatts of annual production capacity: thyssenkrupp represented in all three BMBF hydrogen lead projects

To the press release
Mining
Mining
We still set the benchmark in surface mining and mineral processing, and we are specialists in ore crushing, transportation and processing. Our mine planning and other services help customers reduce costs and optimize productivity.
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We are one of the world's leading full-line suppliers to the cement industry. Innovative technologies, processes and machinery guarantee our customers eco-friendly solutions as well as maximum productivity and cost efficiency.
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