UK-based oil and gas infrastructure manager px Group has acquired a majority stake in German hydrogen company LIFTE H2.
The buyout is part of the acceleration of the Group’s growth ambitions in Europe, an arena where LIFTE H2 is recognised as a reliable collaborator within the hydrogen landscape.
The company has worked on clean energy projects for companies including Shell, E.ON, Uniper, Siemens Energy and TUV SUD.
Germany plans to cut its carbon emissions by 65% by 2030, compared with 1990 levels, and to be carbon neutral by 2045.
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