Mr. Deng Zhaojing (CEO – CHINA-Richem)
Partnership Opportunity
CHINA-Richem is part of China National Chemical Engineering Co. Ltd; a global EPC leader with a strong footprint in – amongst others - the power plant business, chlor-alkali industry and the petrochemical eco-system. All these industries are under pressure to improve their environmental performance. Furthermore, these industries provide for a supply chain which have the power to deliver technologies at scale and within tight budgets. By extension the CHINA-Richem entry to the hydrogen economy brings about access to huge growth markets, decades of experience and mature supply chains that allow for scaling up the production of mega-sized PEM power plants.
Nedstack, since 1999, is a Netherlands based maker of PEM fuel-cells and fuel cell power systems with a strong commitment to the mission-critical high-power domain. Nedstack has delivered – amongst others – world’s longest running PEM power plant, world’s first PEM power plant above the megawatt power size and world’s largest PEM power plant in the field today.
The combined strength of CHINA-Richem and Nedstack promises to offer high power PEM fuel cell power systems meeting all the standards expected by the demanding clients for industrial applications. It offers a scale-up in availability, serviceability and strong cost reductions for large scale PEM fuel cell power systems and enables a higher penetration of hydrogen-based power in our energy systems.
Technology Portfolio
CHINA-Richem and Nedstack will work together on industrializing the Nedstack PemGen® stationary fuel cell power system portfolio. To begin with the partnership will focus on the Chinese domestic market, but both parties keep an open view towards expanding a successful cooperation to maximize their combined impact. The PemGen® portfolio of PEM Power Plants relies on industrial components to deliver fuel cell systems that can last as long as any conventional power plant – although stacks need refurbishments after some 30.000 hours – and to offer the best possible price per kilowatt-hour.
Mr. Arnoud van de Bree (CEO – Nedstack)
Future Perspective
The hydrogen economy is expected to scale to serve 13% of the global total energy demand by 2050, creating a 4,000 bn USD market in the process for hydrogen and related applications. This opportunity requires a combined effort of current technology leaders in the fuel cell space with established power plant makers and industrial engineering companies. In the coming months CHINA-Richem and Nedstack will be developing the detailed cooperation models, supply-chains, technology solutions and go-to-market strategies towards the Chinese market. Both parties anticipate to engage in several megawatts of fuel cell power plant deliveries in 2021 and scale up in the following years while improving technology, service concepts and operational regimes in parallel.
About CHINA-Richem
China Chemical Technology Research Institute (hereinafter referred to as CHINA-RICHEM) is a wholly-owned subsidiary of CNCEC and is the research and innovation center of CNCEC. It focuses on the cutting-edge technologies in the fields of advanced materials, environmental protection, hydrogen (generation, storage, fuel cell) and petrochemical. China National Chemical Engineering Cooperation (CNCEC) is a leading EPC-contractor, investor and asset manager of chemical projects.
About Nedstack
Nedstack is a Dutch manufacturer of PEM Fuel cell power solutions for heavy duty and long-life applications. Nedstack was founded in 1999 as a spin-out from AkzoNobel and is incorporated in Arnhem, the Netherlands.