Page 157 - CW E-Magazine (25-3-2025)

News from Abroad

PARTNERSHIP
Samsung E&A buys stake in electrolyser firm, Nel;

inks EPC collaboration deal

Norwegian green hydrogen electro- said Mr. Håkon Volldal, President and very glad to announce our partnership
lyser firm, Nel, has signed an EPC CEO of Nel. with Nel,” he added.
collaboration agreement that allows
Samsung E&A to offer its customers Samsung E&A, formerly Samsung The collaboration agreement will
complete hydrogen plants of its own Engineering, provides a full range enable Samsung E&A to develop and
design using Nel’s electrolysers. of engineering services including offer its customers complete design
feasibility studies, design, procure- packages for hydrogen plants-based
In a separate transaction, Samsung ment, construction, and commission- on Nel’s alkaline and PEM electro-
E&A will purchase 10% of newly ing across multiple industries with a lysers. In addition, the two companies
issued Nel shares through a direct special focus on smart manufacturing, will work on a larger consolidated
placement, implying a post transac- energy systems, and infrastructure. Balance of Stack (BoS) system for
tion ownership of 9.1%. As a result Nel’s alkaline electrolysers.
of this transaction, Samsung E&A The company is already involved
will become the largest single share- in several large-scale hydrogen pro- “Samsung E&A is currently secur-
holder in Nel. jects globally. ing hydrogen and carbon-neutral tech-
nologies through strategic investments
Nel is a leading player within “Samsung E&A will provide in- and partnerships to commercialise new
both alkaline and PEM electrolyser tegrated electrolyser solutions with technologies and build a technology
technology, working with clients both competitive value and bankability to licensing model.
directly and through EPC partners. green hydrogen project owners with
Nel,” noted Mr. Hong Namkoong, The company is now also explor-
“Our strategy is to focus on elec- CEO of Samsung E&A. “Nel is a mar- ing new market opportunities based
trolyser stack and balance of stack ket-leading electrolyser company and on business development with flag-
technology. Therefore, we need to the only company that has competitive ship projects where we work to expand
work with EPC companies who can technology in both alkaline and Proton the business model from primarily
provide balance-of-plant solutions and Exchange Membrane (PEM) electro- EPC to more technology-based,” said
increase our global market reach,” lyser with a 100-year history. We are Mr. Namkoong.

Aekyung Chemical building new facility for terephthaloyl

chloride in Korea

South Korea’s Aekyung Chemical end of this year and mass production than steel and is flame-resistant. It
has begun construction on its tereph- slated for early next year. is used in a wide range of industries,
thaloyl chloride (TPC) plant, a key raw including fire-resistant clothing, aero-
material for aramid fibre (aromatic The production capacity will be space, EV tyre cords, and optical
polyamide), at the Ulsan Petrochemi- 15,000 tons, and the company plans to cables.
cal Complex in South Korea, as per a consider expanding production capa-
report by Yonhap News. city in response to the expected growth TPC had traditionally been fully
in the aramid market and the rising imported in Korea. To address this
The TPC plant will be established demand for TPC. dependency, Aekyung Chemical
using the idle land at Aekyung Chemi- began research into localising TPC
cal’s Ulsan facility, with construc- Aramid is called a “super-fibre” production and successfully developed
tion expected to be completed by the because it is lighter and stronger its own production technology.

Chemical Weekly March 25, 2025 157

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