Paul Wurth to take a minority stake in Sunfire GmbH - a strategic step towards green ironmaking.

fr en de

On 18 December 2018, Paul Wurth has signed up into binding agreements following which it will take a minority stake in the German cleantech company Sunfire GmbH, based in Dresden. 

<< Back
07/01/2019 |
  • Paul Wurth

Incorporated in 2010 and employing 130 people, Sunfire develops and manufactures steam electrolysers (SOEC) and high-temperature fuel cells (SOFC). Steam electrolysis splits steam into hydrogen and oxygen. It is particularly efficient and is powered by renewable electricity. The hydrogen generated can be efficiently converted into crude oil substitutes via the Sunfire Power-to-Liquid process as well as being used directly in hydrogen powered mobility or industrially. Rewarded as one of the world’s most innovative companies, Sunfire has recently joined the European Hydrogen Initiative.

Paul Wurth’s participation in Sunfire is a key element in the company’s overall strategy to lead the transformation towards carbon-free iron ore reduction and become a leading partner also in green ironmaking.

Besides Paul Wurth’s present efforts to offer tailor-made short and mid-term solutions that help steel producers to stepwise reduce their CO2 footprint in the traditional blast furnace route, Paul Wurth is committed to develop long-term future-oriented solutions for the Iron & Steel industry. One scenario thereof is H2 based ore reduction, where green hydrogen becomes a main substitute for carbon. In this respect, the co-operation with Sunfire will give Paul Wurth access to a specialist team in the field of hydrogen production as well as to a promising technology with high development potential in the Iron & Steel industry. Additionally, it will open up new markets for diversification as the substitution of fossil fuels by so-called e-fuels concerns many other industries and activities, especially heavy load transportation by trucks, ships and airplanes.  

Paul Wurth’s green ironmaking strategy is fully in line with the Luxembourg Government’s initiatives defined in the frame of the “third industrial revolution” and focusing on the challenges regarding energy, mobility, industry or circular economy, amongst others.

Back to top  | << Back

Communiqués liés

IMMOBEL EDEN Balkon MR
21/01/2019

IMMOBEL s’implante en Allemagne et poursuit sa stratégie ...

Le groupe IMMOBEL, leader sur le marché du développement immobilier belge et c...

Immobel
049 Falcon8X 2018USB55
21/01/2019 Partenariat

Luxaviation Group signe un accord de vente avec Dassault Avi...

Luxaviation Group, un des plus importants opérateurs d’aviation privée au mo...

Luxaviation
source NASA
21/01/2019

Les satellites de Kleos Space entrent dans la phase d’int...

Kleos Space S.A. (ASX : KSS, Francfort : KS1), fournisseur de technologies spati...

Kleos Space S.A.
Goodyear De Rooy Dakar 2019 02
18/01/2019

Team De Rooy et Goodyear sur le podium du Dakar 2019

Les quatre camions De Rooy dans le top dix sur pneus Goodyear.

Goodyear Dunlop
Romain Chevalier CCO
17/01/2019 Personnalités

OneLife nomme Romain Chevalier au poste de Chief Commercial ...

The OneLife Company S.A. (« OneLife ») a le plaisir d’annoncer la nomination...

OneLife
lexpo-vakanz-2019-visuel-site-thebox-2048x1366px
16/01/2019 Evènements

Vakanz 2019, vacances actives, bien-être & détente !

Luxexpo The Box se transforme en vitrine touristique les 18, 19 et 20 janvier en...

LUXEXPO The Box

Il n'y a aucun résultat pour votre recherche

We use cookies to ensure the best experience on our website. By accepting you agree the use of cookies. OK Learn more