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strohm-to-scale-hydrogen-and-ccus-with-e20m-senco-investment
Private equity investment will help Strohm scale hydrogen and CCUS
strohm-to-scale-hydrogen-and-ccus-with-e20m-senco-investment
Private equity investment will help Strohm scale hydrogen and CCUS

Strohm to scale hydrogen and CCUS with €20m SENCO investment

Hydrogen and energy transition private equity firm SENCO has made a €20m investment in Strohm.

The investment will help the Dutch company, which specialises in pipelines for conventional and renewable sectors – particularly the development of thermoplastic composite pipelines (TCP) – grow its hydrogen and CCUS business.

Carsten Schmeding, CEO and Managing Partner of SENCO, said it identified Strohm as a leader last year. He said, “We look forward to actively supporting the company’s future growth, together with its management and professional investor base.”

Oliver Kolbe, Managing Partner of SENCO, said its investment emphasises the high growth momentum of supplier companies for the energy transformation and its value chain.

He said, “We are currently seeing a large number of growth-oriented companies that are making important contributions to the success of the energy transition. These companies are highly attractive from an investment perspective, largely irrespective of interest rate developments and the macroeconomic framework data. Strohm is a perfect example of this.”

Martin van Onna, CEO of Strohm, said the partnership enables it to further scale technologies and continue expansion, especially in the hydrogen and CCUS sectors.

Strohm completed an extensive hydrogen testing program on its TCP at Tüv-Süd in Germany in February. Carried out over six months, the assessment covered a range of pressures and temperatures, using a full-scale TCP equipped with two end fittings.

Bart Steuten, Product Development Manager, Energy in Transition, Strohm, said: “As the world transitions toward sustainable energy sources, TCP’s performance in hydrogen transport positions it as a key player in the energy transition journey.”

“Not only does it ensure extremely low levels of permeation, especially when compared to conventional pipes, but it is also spoolable and simple to install, meaning it slashes the carbon intensity of projects.”

Read more on hydrogen and CCUS in the August issue of gasworld global


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