Joint Venture Thyssen Krupp Uhde Chlorine Engineers to Start Business Operations
The joint venture between plant engineering and construction specialist Thyssen Krupp Industrial Solutions and electrochemical technologies supplier De Nora was concluded successfully on April 1st, 2015. It will trade under the name Thyssen Krupp Uhde Chlorine Engineers and is operational with immediate effect.
Essen/Germany – The new company combines the electrolysis business of the two companies under the managerial control of Thyssen Krupp Industrial Solutions, the majority shareholder, and will be consolidated in the group.
The plan to create a joint venture had been announced in November 2013 but was subject to approval by the supervisory bodies and the relevant antitrust authorities.
An increased global presence will be achieved by combining and harmonizing the worldwide capabilities for engineering, procurement and construction of electrolysis plants as well as technical support and sales. The new global setup will be rolled out during the next months. The company is headquartered in Dortmund and its main entities are based in Okayama, Tokyo, Shanghai, Milan and Houston.
Dr. Sami Pelkonen, CEO of Thyssen Krupp Uhde Chlorine Engineers: “We are fully committed to innovation. Customer needs and local trends of the global market will drive the further development of our technologies and services.” It is intended to achieve annual sales in the mid three-digit million euro range.
Paolo Dellachà, CEO of De Nora: “This new joint venture will take the already proven cooperation between our two companies to a new level. We will be able to respond better and faster to our customers regardless of the technology they employ and the country where the support is required.”
Thyssen Krupp Uhde Chlorine Engineers will continue all existing electrolysis processes of the two companies, including, for example, the filter press-based Bitac process from Chlorine Engineers, all generations of single-element technology developed by Uhdenora/Uhde and the HCl ODC and NaCl ODC technologies.
Another key area of the activities will be the development of water electrolysis for hydrogen production for the efficient intermediate storage of renewable energy.