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

BIL PLM hd 2
24/04/2024

2023 : une année de transition et de transformation

Lors de l’Assemblée générale qui s’est tenue le 24 avril 2024, les acti...

BIL
Cargolux
24/04/2024

Cargolux posts profit for 2023

The Cargolux Group (Cargolux) generated a positive net result for its 2023 finan...

Cargolux
Gcore Recognised as Highly Commended in the Industry Innovator Category at the EMEA NVIDIA Partner Network Awards
23/04/2024

Gcore Recognised as Highly Commended in the Industry Innovat...

Gcore acknowledged for successful launch of first AI speech-to-text solution for...

GCore
Deloitte Luxembourg MOMENTUM2024
22/04/2024

MOMENTUM 2024 drives sustainable solutions forward

Deloitte’s annual MOMENTUM Conference fosters a dynamic exchange between indus...

Deloitte
IMG 3541
18/04/2024 Personnalités

Nouvelle recrue au service client de NO-NAIL BOXES : Nadine ...

NO-NAIL BOXES, le fabricant luxembourgeois de caisses pliantes en bois contrepla...

NO-NAIL BOXES
download
16/04/2024

Réseau ETRE est le nouveau lauréat du Degroof Petercam Fou...

Réseau ETRE remporte la sixième édition du Degroof Petercam Foundation Award....

Degroof Petercam

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