Saturday, 18 January 2025

Focus on thyssenkrupp

FILE PHOTO: Snow covers the roofs of the so-called "Alter Flecken" (old spot), the historic core of Freudenberg with its half-timbered houses from the 17th century in the heart of the federal state of North Rhine-Westphalia near the city of Siegen, Germany,  January 19, 2024.   REUTERS/Wolfgang Rattay/File Photo
ChemicalsElectricityFuelIndustryLiquefied Natural GasManufacturingNatural GasNews

Analysis: Gas price shock set to add to Europe’s industrial pain

EU gas demand is 17% below the five-year average observed during pre-pandemic years — but it is still vulnerable to price shocks.

Steel coils are waiting for delivery at the storage and distribution facility of German steel maker ThyssenKrupp in Duisburg, Germany.
BusinessEconomyIndustryManufacturingNews

Thyssenkrupp: expert opinion gives positive view for steel business

Thyssenkrupp's steel division secures financing for two years, with expert backing its ability to continue.

A view of the ThyssenKrupp headquarters in Essen, Germany, November 22, 2023. REUTERS/Jana Rodenbusch/File Photo
BusinessEconomyGreen SteelIndustryNewsTrade

Thyssenkrupp takes $1 billion hit on steel unit as outlook darkens

Thyssenkrupp takes one billion euros steel writedown, shares jump 10 per cent as analysts eye cash flow gains and a potential stake sale.

FILE PHOTO: A view of Thyssenkrupp headquarters in Essen, Germany, November 22, 2023. REUTERS/Jana Rodenbusch/File Photo
BusinessIndustryInfrastructureManufacturingNews

Carlyle drops out of bidding process for Thyssenkrupp marine unit

The company did not say why Carlyle had exited the process, adding it was now focusing on a spin-off of the division, which...

FILE PHOTO: A view of Thyssenkrupp headquarters in Essen, Germany, November 22, 2023. REUTERS/Jana Rodenbusch/File Photo
BusinessGreen SteelHydrogenIndustryNewsPolitics

German economy minister urges quick end to Thyssenkrupp steel crisis

BERLIN (Reuters) – Thyssenkrupp must quickly fix the crisis surrounding at its steel unit, including creating clarity around a 3 billion euro ($3.3...

Steel coils are waiting for delivery at the storage and distribution facility of German steel maker ThyssenKrupp in Duisburg, Germany, November 16, 2023.     REUTERS/Wolfgang Rattay/File Photo
Green SteelHydrogenManufacturingNews

Germany’s Thyssenkrupp reviews plans for green steel production

Thyssenkrupp rethinks its green steel plans, citing potential changes to its hydrogen-based decarbonization project.

News Release

thyssenkrupp nucera Appoints Sachin Nijhawan as U.S. CEO

HOUSTON--(BUSINESS WIRE)--thyssenkrupp nucera, one of the world’s leaders in the manufacturing and supply of technology for producing green hydrogen, today announced the appointment...

FILE PHOTO: A view of Thyssenkrupp headquarters in Essen, Germany, November 22, 2023. REUTERS/Jana Rodenbusch/File Photo
BusinessGreen SteelIndustryManufacturingNews

Thyssenkrupp’s $3.3 billion green steel plant could get more expensive

Thyssenkrupp Steel Europe informs parent company "about possible risks and resulting potential cost increases" at green steel plant.

News Release

Ohmium Appoints Paul Dainora as New Chief Commercial Officer

FREMONT, Calif.--(BUSINESS WIRE)--Ohmium International, a green hydrogen company that designs, manufactures and deploys advanced Proton Exchange Membrane (PEM) electrolyzer solutions, is pleased to...

FILE PHOTO: A wind turbine stands out against the sky as the sun sets over the Black Forest Brandenkopf lookout near Oberharmersbach, Germany, November 13, 2022.    REUTERS/Joachim Herrmann
ElectionsElectricityHydrogenNewsPoliticsSolarWind

Trump effect in clean tech sector deepens angst in Europe’s boardrooms

Facing the prospect of Trump, clean energy companies brace for less funding, fewer sales or cancelling plans entirely.

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