By Pierre Bertrand

Thyssenkrupp Nucera signed an agreement with Finland's Neste for the reservation of six 20-megawatt electrolyzers to be incorporated into the fuel company's refinery in Porvoo.

The water electrolyzers will enable Neste to produce green hydrogen at its Porvoo complex from an alkaline water electrolysis plant, Nucera said.

"The green hydrogen would primarily be used in the refinery's processes to replace hydrogen produced from fossil raw materials. The investment decision readiness is expected to be reached during 2024," Neste Oil Products Executive Vice President Markku Korvenranta said in a statement.

The agreement also covers corresponding advisory services for the combined 120 megawatt of electrolysis capacity, Nucera said.

The German electrolysis company didn't disclose financial details.

Write to Pierre Bertrand at pierre.bertrand@wsj.com

(END) Dow Jones Newswires

October 10, 2023 08:03 ET (12:03 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
Thyssenkrupp Nucera Ag & (TG:NCH2)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024 Click aqui para mais gráficos Thyssenkrupp Nucera Ag &.
Thyssenkrupp Nucera Ag & (TG:NCH2)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024 Click aqui para mais gráficos Thyssenkrupp Nucera Ag &.