Hanwha General Chemical announced on the 22nd that it will take over two subsidiaries of Ansaldo Energia, an Italian company that possesses’hydrogen mixed-so’ power generation technology. Hydrogen mixed-fired power generation is a method of generating electricity by burning hydrogen and natural gas in a gas turbine. Through this acquisition, Hanwha General Chemical has secured related technology for the first time in Korea.
On the 19th, Hanwha General Chemical signed a contract to acquire a 100% stake in Power Systems Mfg (PSM), an American gas turbine service company, and Ansaldo Thomassen BV (ATH) in the Netherlands. The specific amount of the acquisition was not disclosed.
Hydrogen co-fired power generation is evaluated as being able to significantly reduce carbon dioxide emissions compared to existing liquefied natural gas (LNG) power plants. Another advantage is that the old gas turbine of an LNG power plant can be converted and used at low cost.
Hanwha General Chemical is scheduled to complete the takeover process through the U.S. Foreign Investment Review Committee’s review by June. Domestic companies also began to develop hydrogen mixed-fuel technology, but it has not reached the stage where it can be applied to the field. PSM and ATH, acquired by Hanwha General Chemical, have commercialized the technology in the US and Europe. It also possesses hydrogen mixed-fuel remodeling technology and gas turbine life and performance improvement technology.
Reporter Mansoo Choi [email protected]
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