With the additional space, the Group will build on its existing carbon capture business and bring new manufacturing capabilities for cryogenic pump assembly, heat exchangers and hydrogen fuelling skids to meet market demand for cryogenic equipment and plant solutions used in clean energy projects like hydrogen fuelling stations, LNG and ammonia terminals, and hydrogen production plants.
“Nikkiso is investing to meet clean energy market demand and growing our operations in Germany because of increasingly favourable market conditions for low-carbon energy solutions,” said Peter Wagner, Executive Chairman, Nikkiso CE&IG Board.
Expanding manufacturing space and capabilities in Europe will help the Group share knowledge and expertise between regions and provide good-paying jobs for local workers — approximately 20% growth in the near term with further growth expected longer term.