Nikkiso Clean Energy & Industrial Gases Group Acquires Cryotec Anlagenbau GmbH, Wurzen, Germany
Published by Todd Bush on January 11, 2023
TEMECULA, Calif., Jan. 09, 2023 (GLOBE NEWSWIRE) -- Nikkiso Cryogenic Industries' Clean Energy and Industrial Gases Group ('Group'), a part of Nikkiso Co., Ltd (Japan), has entered into an agreement to acquire Cryotec Anlagenbau GmbH, (Wurzen close to Leipzig, Saxony, Germany) for an undisclosed amount.A global plant engineering and construction company, Cryotec provides planning, project management, manufacturing and engineering services of skid-mounted/containerized air separation and liquefaction plants, and CO2 technologies offering tailored solutions to their customers.
Cryotec will operate as part of the Group's GmbH facility, based in Neuenburg am Rhine, Germany. The Group consists of six functional business units: Cryogenic Pumps, Heat Exchanger Systems, Process Systems, Fueling & Solutions, Energy Infrastructure & Strategic Projects and Service.'Our acquisition of Cryotec will allow the Group to expand our footprint in Europe, and broaden our expertise in carbon capture and biogas technologies', according to Ole Jensen, Vice President, Europe. 'We look forward to bringing Cryotec into our Nikkiso family.
This acquisition exemplifies our passion to provide, efficient, performance-based products and service,' according to Peter Wagner, CEO of Cryogenic Industries and President of the Group.
This acquisition represents their commitment to and support of the European market. The acquisition is expected to close during Q1, 2023
ABOUT CRYOGENIC INDUSTRIES
Cryogenic Industries, Inc. (now a member of Nikkiso Co., Ltd.) member companies manufacture, and service engineered cryogenic gas processing equipment (pumps, turboexpanders, heat exchangers, etc.), and process plants for Industrial Gases, Natural gas Liquefaction (LNG), Hydrogen Liquefaction (LH2) and Organic Rankine Cycle for Waste Heat Recovery. Founded over 50 years ago, Cryogenic Industries is the parent company of ACD, Nikkiso Cryo, Nikkiso Integrated Cryogenic Solutions, Cosmodyne and Cryoquip and a commonly controlled group of approximately 20 operating entities.For more information, please visit www.NikkisoCEIG.com and www.nikkiso.com.
MEDIA CONTACT:
Anna Quigley
+1.951.383.3314
[email protected]
Subscribe to the newsletter
Daily decarbonization data and news delivered to your inbox
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Latest issues
-
Why Microsoft is Paying for 1 Million Tons of... Charcoal?
Inside This Issue 🌱 Liferaft Announces a 10-Year, 1 Million Carbon Removal Units Offtake Agreement with Microsoft 🏭 ExxonMobil Fires Up Second CCS Hub in Louisiana with NG3 🚢 Powering Global Marit...
-
This California Brewery Is Now Brewing With Captured CO₂
Inside This Issue 🍺 AirCapture And Almanac Beer Co. Launch World’s First Commercial Beer Carbonated With Co2 Captured From The Atmosphere With Direct Air Capture 🌱 Boeing Signs Record Carbon Remov...
-
This Ship Can Sail With Zero Emissions. It Just Left the Dock.
Inside This Issue 🚢 Viking Announces Float Out of the World's First Hydrogen-Powered Cruise Ship 🏗️ Aker Solutions Wins FEED Contract for CO₂ Terminal in Lithuania 🧪 Woodside Delays Blue Ammonia P...
Company Announcements
-
Climefi Structures The First Publicly Announced Transaction For CRCF Carbon Removal Units
The initiative will see Adyen and Nasdaq receive CRCF-aligned carbon removal units from Beccs Stockholm ClimeFi has structured the first publicly announced transaction for carbon removal units un...
-
Changhua Begins Commercial Production of CO2 Polyols Based on Econic’s Technology
Econic Technologies, a deep tech company focused on renewable carbon, announced that its partner Changhua Chemical has opened the world’s first commercial-scale production site for polycarbonate et...
-
Woodside Assumes Control Of Beaumont New Ammonia Operations
Woodside Energy has assumed operational control of the Beaumont New Ammonia (BNA) facility in southeast Texas, following successful completion of performance testing and handover from OCI Global. ...
-
Supply Agreements Between Topsoe And First Ammonia Not Extended
Topsoe and First Ammonia have worked together since 2022. In 2024, the companies signed supply and service agreements for 100 MW of SOEC electrolyzer modules to be installed in First Ammonia’s gree...