Skip to main content

Nitrogen+Syngas 397 Sep-Oct 2025

16 September 2025

thyssenkrupp completes acquisition of GHS technologies

DENMARK

thyssenkrupp completes acquisition of GHS technologies

thyssenkrupp nucera says that it has successfully completed the acquisition of key technology assets from Danish company Green Hydrogen Systems (GHS), as announced in June. The transaction was finalised following receipt of all necessary regulatory approvals and the consent of the court-appointed insolvency administrator. The asset deal includes intellectual property as well as a test facility with a full-size prototype in Skive, Denmark.

The company says that, via this acquisition, it has strategically strengthened its position in the field of alkaline water electrolysis (AWE), now additionally also focusing on pressurized solutions. The technology enables highly efficient hydrogen production at operating pressures of up to 35 bar, offering a key advantage for industrial applications that require compressed hydrogen. The acquisition is part of thyssenkrupp nucera’s strategy to advance its development roadmap and foster innovation. The purchase price was said to be “in the high single-digit million euro range”.

Latest in Europe

Aurubis completes major maintenance at Pirdop plant

Aurubis says that it has successfully completed scheduled maintenance at its Pirdop plant on time. The two-month operation marked the largest planned maintenance shutdown at the site in the past 30 years. With an investment of €115 million, Aurubis says the work ensures the long-term reliability and performance of the facility. Key upgrades included a full overhaul of the flash smelter, replacement of two electrostatic precipitators, and a major modernisation of the sulphuric acid production line. This modernisation involved installing a new converter and replacing six heat exchangers.

Lyten acquires Northvolt

Lyten, a global leader in lithium-sulphur batteries has entered into a binding agreement to acquire Northvolt’s assets in Sweden and Germany. The acquisition includes Northvolt Ett and, Northvolt Labs in Sweden and Northvolt Drei in Germany. Additionally, Lyten is acquiring all remaining Northvolt intellectual property. The financial terms of the agreement were not disclosed. In total, Lyten’s acquisition includes assets valued at approximately $5 billion, including 16 GWh of existing battery manufacturing capacity, more than 15 GWh of capacity under construction, the infrastructure and plans to scale to more than 100 GWh, and the largest and most advanced battery R&D centre in Europe.

Is the world ready for CBAM?

At the end of this year, the European Union’s Carbon Border Adjustment Mechanism (CBAM) will move from its transitional phase into its ‘definitive’ phase, whereby the carbon costs of goods entering the EU will need to be priced in. CBAM requires suppliers to calculate the carbon emissions of their fertilizer (and other, e.g. steel) products, including indirect emissions, for example from electricity consumed in the process, and emissions of precursor or raw materials. They will then need to purchase CBAM certificates to cover embedded emissions above the established free allowance benchmark rates determined by the European Commission: 1.57 tonnes CO2e/tonne ammonia and 0.23 tCO2e/t nitric acid.

EIB loan agreed for Villeta project

ATOME says that the European Investment Bank (EIB), the lending arm of the European Union, has approved financing in-principle of up to $135 million for the company’s flagship Villeta Project. EIB is one of ATOME’s senior debt providers for Villeta and the announcement follows the Green Climate Fund approval earlier this month. Details of the financing will be finalised in early course, following closing of the debt package with the consortium of leading international development finance institutions. Based on the progress with financing, ATOME is projecting a final investment decision by the end of September 2025.