Released November 30, 2021 | NEW DELHI
en
Researched by Industrial Info Resources (Sugar Land, Texas)--With demand on the rise for sustainable and recyclable chemicals, Germany's technology providers are developing new means to produce renewable chemicals. These chemicals are increasingly used in the mobility, power, industrial, chemical and other end-use industries.
The growing number of fuel-cell electric vehicles (FCEV) on the road is driving the demand for green hydrogen to feed power plants. Also, green hydrogen is converted into green ammonia, which is further used as fuel in the maritime industry.
Over the past year, Germany's total investment in related grassroot projects has more than doubled from $1.53 billion in nine projects to more than $4 billion in 25 projects, according to Industrial Info. Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can click here for a list of related projects.
Click on the image at right for a graph detailing the top 10 plant parent companies for related investments across Germany.
About 50% of the total investment in related grassroot projects is for the development of green hydrogen, with companies like RWE AG, SunFire GmbH, Inovyn Deutschland GmbH, HydrGen, etc. proposing new plants. Other investments include Finnish company UPM's (Helsinki) US$500 million grassroot project to produce wood-based biochemicals, and a new ethylene oxide complex planned by PCC Integrated Chemistries GmbH, which was delayed about 18 months and is now expected to be completed by the end of 2025.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
The growing number of fuel-cell electric vehicles (FCEV) on the road is driving the demand for green hydrogen to feed power plants. Also, green hydrogen is converted into green ammonia, which is further used as fuel in the maritime industry.
Over the past year, Germany's total investment in related grassroot projects has more than doubled from $1.53 billion in nine projects to more than $4 billion in 25 projects, according to Industrial Info. Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can click here for a list of related projects.
Click on the image at right for a graph detailing the top 10 plant parent companies for related investments across Germany.
About 50% of the total investment in related grassroot projects is for the development of green hydrogen, with companies like RWE AG, SunFire GmbH, Inovyn Deutschland GmbH, HydrGen, etc. proposing new plants. Other investments include Finnish company UPM's (Helsinki) US$500 million grassroot project to produce wood-based biochemicals, and a new ethylene oxide complex planned by PCC Integrated Chemistries GmbH, which was delayed about 18 months and is now expected to be completed by the end of 2025.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
