Thursday, 17 April 2014

Euro coins finance statistics

Huge growth in Q1 for McPhy Energy

Preparing for the acceleration of its development strategy, McPhy Energy recorded impressively strong growth in its first quarter 2014 sales of €774,000, up 50% year-on-year.

Big ben London UK

ITM Power’s £2.8m contract win

The company will be supplying three refuelling stations in London as part of the HyFive EU FCH JU funded project –which was announced at the end of last week.

North America US from space

Praxair confirms Niagara plant

Praxair, Inc. has announced it is expanding its business and building a steam methane reformer to increase the supply of hydrogen for its liquid hydrogen plant in Niagara Falls, New York – as reported by gasworld on Tuesday the 1st of April.

Hydrogen symbol

International project HyFive launched

A pioneering £31m deal was struck today (3 April) to make hydrogen vehicles a viable and environmentally friendly choice for motorists across Europe.

Plug-Power-logo-gas_world

Plug Power acquires ReliOn

The deal will mean that ReliOn PEM Cell technology will provide fuel cell stacks for GenDrive class three units.

Merger agreement deal

Luxfer acquires Vexxel Composites

Luxfer Group has announced that it has acquired Vexxel Composites, a manufacturer of high-pressure composite cylinders for containment of compressed natural gas (CNG). The company will operate as part of the group’s global Luxfer Gas Cylinders Division.

Business merger deal

ALIAD stake in three start-ups

Air Liquide’s capital risk subsidiary, ALIAD, takes an equity stake in three technology start-ups with the companies McPhy Energy, Solumix and Xylowatt.

Chinese currency

Significant rises at Yingde Gases in 2013

Rapidly growing Chinese industrial gases company Yingde Gases Group has declared its financial results for the year ended 31st December 2013, with significant rises seen in both turnover and profit.

Linde Wolfgang Reitzle

Exclusive: gasworld quizzes Linde’s Reitzle

After another year of increased profit and business activity, gasworld travelled to Munich to attend Linde’s Press Conference, which is the last event outgoing CEO Professor Dr. Wolfgang Reitzle will preside over.

Lindewelding-gas_Insight

Industrial gases supporting entire natural gas production chain Subscription

By Stuart Radnedge

This fortnight’s gasInsight feature looks at the vital role our industry plays across the entire petrochemical processing spectrum. Part One is below with Part Two published in two weeks time.

More features

Technology

Water drops on glass

First in Asian market for method

15 Apr 2014 | By Stuart Radnedge

Air Products has announced it has become the first Asian manufacturer of sodium silicate used in the overall oxygen combustion system project.

North America night view

Honeywell’s UOP Technology chosen

10 Apr 2014 | By Stuart Radnedge

UOP LLC, a Honeywell company, announced today that Mistral Midstream, Inc., has selected Honeywell’s UOP Russell modular equipment to recover valuable natural gas liquids (NGLs) from natural gas produced in southern Saskatchewan, Canada.

Molten steel manufacture

Praxair starts up Peru ASU

9 Apr 2014 | By Stuart Radnedge

The company has started an air separation plant in Peru – which has expanded their supply of oxygen to a leading steel maker.

Frappa-gas_world

Developments made with cryo-units

9 Apr 2014 | By Stuart Radnedge

Cryofridge, a Frappa group brand, has taken a pioneering step in the onboard refrigeration market by entrusting Crouzet Automation with the control of its indirect nitrogen cryo-units.

Cryomech-patent-gas_world

Cryomech issues gas liquefier patent

7 Apr 2014 | By Stuart Radnedge

On the 18th of March 2014 Cryomech Inc and Dr. Chao Wang were issued United States Patent no. 8,671,698 for the Gas liquefier invented by Dr. Chao Wang.

More news from the hydrogen sector

Plug-Power-logo-gas_world

Plug Power acquires ReliOn

The deal will mean that ReliOn PEM Cell technology will provide fuel cell stacks for GenDrive class three units.

Praxair

Praxair to expand hydrogen plant

It has been reported that Praxair will expand its liquid hydrogen plant in Niagara Falls – which will see 78 jobs retained and serve growing customer demands.

Hydrogen symbol

HyGear ships system to USA

In January this year, HyGear shipped an ASME certified HGS-C system to North America. The system will generate hydrogen to fill hydrogen cylinders in order to provide decentralised users with merchant gas.

McPhy-H2BER-gas_world

McPhy announces H2BER project

This demonstration project is designed to produce “green” hydrogen from a surplus of wind power using an electrolyser, and using solid storage to create a hydrogen cogeneration plant and hydrogen filling-station infrastructure for buses and cars.

stock-shares-gas_world

McPhy Energy’s IPO raises funds for development

McPhy Energy has raised around €32m for its strategic development through the launch of its shares on the Paris Euronext exchange, including a public offering and an institutional offering.

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