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Exxon sets its sights on zero, while Thyssenkrupp aims squarely at hydrogen. The wind blows the world over, and the struggle to grab carbon and put it back in the ground continues. Are you trying to stay up to date about developments aimed at energy-transition efforts in our industry? This roundup of news recaps some recent announcements.
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) - Thyssenkrupp unit Uhde Chlorine Engineers aims to rake in up to 600 million euros ($687 million) by selling new shares in a possible initial public offering this year, betting on the booming hydrogen sector it supplies with equipment.
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FRANKFURT/DUESSELDORF — Thyssenkrupp’s electrolysis business is aiming for proceeds of up to 600 million euros ($687 million) by selling new shares in a…
2nd-quarter order intake, sales and adjusted EBIT higher year-on-year Performance measures taking effect: significant year-on-year improvement in almost all segments Free cash flow before M&A as expected negative; noticeable increase in working capital as a result of market recovery and corresponding demand, additionally impacted by cash outflows for restructuring and investment Full-year forecast raised: sales growth in low 2-digit percentage range and adjusted EBIT in mid 3-digit million euro range expected Martina Merz: 'We made...