Thyssenkrupp to source valves from Neles; Sandvik to acquire Gerling
Hydrogen and Power-to-X technologies will be essential to industry decarbonisation.
Thyssenkrupp Uhde Chlorine Engineers and Neles have signed a frame agreement to deliver valve solutions for green hydrogen applications.
Under the agreement, Neles will deliver Neles™ segment valves to be used in electrolysis plant modules supplied by Thyssenkrupp Uhde Chlorine Engineers. Neles valves have been widely used in hydrogen and oxygen applications worldwide. Neles offers a wide range of valve solutions for various hydrogen applications, from electrolysis to carbon capture. New electrolysis technologies such as hydrogen require valves that can perform reliably under demanding pressure and temperature conditions while ensuring the utmost safety.
Last week, Thyssenkrupp announced its plan to partner with Dii Desert Energy (an independent industry initiative and market enabler also known as Desertec Industrial Initiative). In 2017, Thyssenkrupp joined Dii as an associated partner, cooperating successfully on various energy transition topics. This commitment is now to be further strengthened by this new prominent partnership status.
Furthermore, according to some local news, Thyssenkrupp is also considering listing its hydrogen business in an initial public offering (IPO) in the first quarter of 2022, though not confirmed by Thyssenkrupp.
In a separate development, Sandvik has agreed to acquire Gerling GmbH, a German-based precision tube engineering company, serving several industries, including the hydrogen market. The acquisition is expected to close during the first quarter of 2022. The offering includes innovative engineering solutions, such as high-pressure control technology in hydrogen refuelling stations. Through the acquisition, Sandvik will strengthen its position in the market. It will increase the hydrogen refuelling stations market opportunities by adding engineering know-how and capabilities and expanding the co-created mobile tubing container solution into new markets globally.