Credit: Alfa Laval
Credit: Alfa Laval
Sweden's Alfa Laval is to acquire a patented technology that turns ammonia into hydrogen from Denmark's RenCat.
The tech will be used to increase business opportunities within the burgeoning hydrogen processing market, Alfa Laval said in a statement.
Demand for cleaner fuel alternatives to meet carbon reduction targets is growing rapidly. Ammonia is projected to be one of the clean energy bearers both in the shipping industry, as well as for land-based transport. RenCat’s technology generates hydrogen from ammonia, for use in fuel cells or combustion engines.
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Ammonia is one of the carbon-neutral synthesised fuels, often referred to as Power-to-X where "X" can stand for ammonia, methanol, hydrogen, methane, etc.
Alfa Laval said that the tech will allow for a "completely new product range" which will be targeted at the hydrogen market. The company added that it expects products based on the RenCat technology to be launched by the end of 2023.
"I am very pleased to announce this acquisition which will accelerate our product development in the growing hydrogen market. With our combined know-how and patented technologies, we will be able to expand the technical borders and contribute to create a more sustainable society," said Thomas Møller, President of the Energy Division.
Read more: Spain's first industrial renewable-hydrogen plant inaugurated
According to World Energy Council figures, the global demand for carbon-neutral synthetic fuels is estimated to reach up to 20,000 TWh by 2050, - equivalent to 50% of current fossil fuel consumption.
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