Nobian and GIG close deal on leading green hydrogen company HyCC

05 April 2022

Nobian and Macquarie’s Green Investment Group (GIG) have completed their deal on the shared ownership of the leading hydrogen company HyCC, allowing it to accelerate its portfolio to help decarbonize large industries.

In December 2021, Nobian and GIG agreed on shared ownership of the new joint venture, which specialises in water electrolysis to produce green hydrogen from renewable power at an industrial scale. With the closing of the deal, HyCC will benefit from Nobian’s expertise in large-scale electrolysis and GIG’s resources and project development experience.

"Green hydrogen is key to decarbonize large industries such as steel, aviation and chemistry, enabling the development of a truly sustainable economy. With the backing of two strong shareholders and a dedicated team of specialists we can accelerate our growth and continue to play a leading role in the new hydrogen economy."

Marcel Galjee
Managing Director of HyCC

"We are truly excited about this unique step for both Nobian and GIG. With our leading and long-standing expertise in large scale electrochemistry we are able to invest in an exciting and developing hydrogen market. Through this we will contribute to lower CO2 emissions and sustainable economic growth, whilst also driving value creation."

Michael Koenig
CEO Nobian

"HyCC has the capabilities required to scale up green hydrogen production to enable the transition to a truly circular economy. Together with Nobian, we can support further innovation and investments to help drive growth, in line with our mission to accelerate the green transition"

Kate Vidgen
Head of Industrial Transition and Clean Fuels at Macquarie’s Green Investment Group

HyCC already has more than 400 megawatts of green hydrogen projects under development. The company recently received all required permits for Europe’s first 20 megawatt hydrogen plant in Delfzijl, the Netherlands. In February, it also announced the joint development with bp of H2-Fifty, a 250-megawatt project in Rotterdam. Other projects include a 40 megawatt plant in Delfzijl to provide hydrogen for sustainable aviation fuel and a 100 megawatt project in IJmuiden with Tata Steel and the Port of Amsterdam.  

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About HyCC

HyCC (the Hydrogen Chemistry Company) is a leading industrial partner for safe and reliable green hydrogen supplies and circular chemistry solutions to enable the transition to zero-carbon industry. Building on over 100 years of experience in electrolysis and our leadership in safety, we realize pioneering water electrolysis projects to supply industries with zero-carbon hydrogen from renewable power and water. From making sustainable steel to circular jet fuels – we believe that green hydrogen is the key to providing a growing population with essential products, with zero emissions to realize more sustainable economic development. HyCC is a joint venture of European essential chemical company Nobian and Macquarie’s Green Investment Group.

About Nobian

Nobian is a European market leader in the production of salt, essential chemicals, and energy for industry, varying from construction and cleaning to pharmaceuticals and water treatment. We excel in the safe and reliable provision of high-purity salt, chlor-alkali, chloromethane and hydrogen, thanks to our integrated value chain with modern production locations in the Netherlands, Germany, and Denmark. We have a strong history in salt production which goes back more than 100 years to 1918. Our 1,600 employees are dedicated to becoming safer, more efficient, and more sustainable. This is how we ensure that today’s essential products keep improving our lives in the future through chemistry on which you can rely. Nobian is fully owned by the Carlyle Group and GIC www.nobian.com