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November 5, 2013
ThyssenKrupp and Italy's De Nora reach agreement for electrolysis JV
Plant engineering and construction specialist ThyssenKrupp Industrial Solutions (Essen, Germany; www.thyssenkrupp.com
) has reached an agreement with De Nora, an electrochemical technologies supplier based in Milan, Italy, to establish a joint venture (JV). The companies intend to combine their engineering, procurement and construction activities for electrolysis plants under the name ThyssenKrupp Uhde Chlorine Engineers. The agreement is subject to approval by the supervisory bodies and the relevant antitrust authorities.
Under an existing joint venture – UHDENORA – ThyssenKrupp Industrial Solutions and De Nora have already been cooperating for several years on licensing various electrolysis processes, such as chlor-alkali electrolysis for the production of chlorine, a key feedstock for around 60 percent of all products in the chemical industry. The new company ThyssenKrupp Uhde Chlorine Engineers will combine the electrolysis business of the two companies under the managerial control of ThyssenKrupp Industrial Solutions, the majority shareholder, and will be consolidated in the Group. The company will be headquartered in Dortmund and represented worldwide with locations in Okayama, Tokyo, Shanghai, Milan and Houston.