De Nora and ThyssenKrupp confirm partnership on green hydrogen

De Nora and ThyssenKrupp confirm partnership on green hydrogen

(Finance) – De Nora Industriesa company listed on Euronext Milan and specialized in electrochemistry and the green hydrogen supply chain, and Thyssenkruppan industrial group specializing in steel processing, have signed a shareholders’ agreement confirming the partnership between the two companies for Nucera, the world’s leading supplier of chlorine-soda membrane technologies (used to produce hydrogen). Nucera is one joint venture stipulated in 2013 between the German Thyssenkrupp (66%) and the Italian De Nora, and is a global technology leader for green hydrogen plant solutions.

The shareholders’ agreement will remain in force until November 4, 2038 and will be automatically renewed for a further five years unless terminated early. The main provisions relating to governance, the transfer of shares and exit rights are in line with the description already provided in the De Nora Prospectus published on June 22, 2022.

“Thanks to the renewal of the agreement with Thyssenkrupp, the relationship with a long-standing business partner is strengthened – commented Paolo DellachàCEO of De Nora – This collaboration supports the growth path expected in the green hydrogen market and further enhances our technology leadership. Our strategic partnership with Thyssenkrupp Nucera and Thyssenkrupp is a key success factor for us and we intend to continue it. ”

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