December 8, 2021
Nippon Steel Engineering Co., Ltd.
Nippon Steel Engineering Co., Ltd. (Representative Director and President: Yukito Ishiwa, Head Office: Shinagawa-ku, Tokyo; hereinafter "NSE") announced that it had reached the decision at today's meeting of the Board of Directors to conclude an agreement (hereinafter the "Agreement") with Hitachi Zosen Corporation (Representative Director President & Chief Operating Officer: Sadao Mino, Head Office: Suminoe-ku, Osaka, Japan; hereinafter "HSB") and Hitachi Zosen Inova AG, its wholly owned subsidiary (Head Office: Zurich, Switzerland; hereinafter "HZI"), regarding the transfer of all NSE's shares in Steinmüller Babcock Environment GmbH (Head Office: Germany; hereinafter "SBENG") to HZI. The Agreement will be finalized on December 9th this year, with the completion of necessary procedures as the condition for the execution of the transfer of SBENG shares.
After acquiring all the shares in SBENG in 2014, NSE strengthened the appeal of its waste-to-energy (WTE) products by adopting SBENG's grate incineration technology (hereinafter the "Technology") and combining it with NSE's strengths in its Direct Melting System, a proven waste gasification technology. At the same time, by possessing SBENG's intellectual property rights related to the Technology (jointly owned with SBENG), NSE completely made the Technology its own and established a foundation to provide its WTE products to the market. Furthermore, NSE decided on a policy to focus its management resources on Asia, including Japan, and for this reason, NSE had been considering measures for SBENG to continuously grow in Europe by utilizing its strength to the fullest; during this time, an agreement was reached with HSB to conclude the Agreement.
Incidentally, in March 2015, we had obtained a verification from the Japan Waste Management Association that the Technology was more than sufficiently reliable and could be adapted for use in Japanese WTE facilities, and thereafter, NSE received an order*(1) in Taiwan in 2018, and three orders*(2) were received in Japan between 2020 and 2021.
NSE is aiming to achieve growth while contributing to decarbonization in Asia through both the construction of facilities (EPC), such as renewable energy facilities and WTE facilities, and the provision of operation and maintenance services (O&M) for such facilities. NSE will leverage its own technologies of grate incineration and Direct Melting System to provide its clients with optimal engineering solutions that keep closer to individual clients and meet their needs even more than ever. The policy is to promote an even more strategic business in Japan, Taiwan, and Southeast Asia.
Together with stakeholders, NSE will continue to address social challenges, such as climate change, energy issues, and the development of an environmentally compatible society and contribute to the sustainable development of society and industry.
*(1) NSE was awarded a contract for the core components of a new WTE facility (330t/day x 2 lines), from CTCI, the largest engineering company in Taiwan.
*(2) Three orders: New Hiagari Project to build and operate the WTE facility in Kitakyushu City (254t/day x 2 lines), Nishi Iburi Extended Association Project to build and operate the WTE facility in Muroran City and Date City (74.5 t/day x 2 lines), and Kawaguchi City Totsuka Environmental Center Project to build and operate the WTE facility (142.5 t/day x 2 lines)
| 1. Name | Steinmüller Babcock Environment GmbH |
|---|---|
| 2. Address | Fabrikstraße 1, 51643 Gummersbach, Germany |
| 3. Name and title of representative | Thomas Kurt Feilenreiter (Managing Director) |
| 4. Business content | Design, procurement, construction, and maintenance of wasteto-energy facilities; design, procurement, and construction, of exhaust-gas treatment facilities for thermal power plants |
| 5. Capital | 90,000,000 Euro |
| 6. Founded | 2002 |
| 7. Major shareholder and stockholding ratio | Nippon Steel Engineering Co., Ltd.: 100% |
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