Burghausen

DGAP-News: SFC Energy and WACKER sign Letter of Intent on supply and distribution of renewable methanol

Retrieved on: 
Thursday, March 10, 2022
Hydrogen, Electricity, Company, Partnership, Silicone, ISIN, Agent handling, Cell, Methanol, GSIN, Deutsche Börse, MDAX, Wacker Chemie, Green Deal, Letter, Group, Technology, Burghausen, Capital expenditure, CEO, CO2, Coal, Renewable energy, EU

Brunnthal/Munich, Germany, March 10, 2022 - SFC Energy AG ( F3C:DE , ISIN: DE0007568578 ) , a leading supplier of hydrogen and methanol fuel cells for stationary and mobile hybrid power solutions, and Wacker Chemie AG (WACKER), have signed a letter of intent on the distribution of renewable methanol.

Key Points: 
  • Brunnthal/Munich, Germany, March 10, 2022 - SFC Energy AG ( F3C:DE , ISIN: DE0007568578 ) , a leading supplier of hydrogen and methanol fuel cells for stationary and mobile hybrid power solutions, and Wacker Chemie AG (WACKER), have signed a letter of intent on the distribution of renewable methanol.
  • The letter states that, starting in 2025, WACKER plans to supply SFC Energy with up to 2,000 metric tons of methanol from the RHYME Bavaria project planned for its Burghausen site.
  • SFC Energy intends to offer this methanol as a fuel with a particularly low environmental impact for use in its customers' methanol fuel cells.
  • SFC Energy AG is a leading provider of hydrogen and methanol fuel cells for stationary and mobile hybrid power solutions.

DGAP-News: Wacker Chemie AG: WACKER and SFC Energy Sign Letter of Intent on Supply and Distribution of Renewable Methanol

Retrieved on: 
Thursday, March 10, 2022
Hydrogen, Electricity, Company, Partnership, Silicone, ISIN, Agent handling, Cell, Methanol, GSIN, Deutsche Börse, MDAX, Wacker Chemie, Green Deal, Letter, Group, Technology, Burghausen, Capital expenditure, CEO, CO2, Coal, Renewable energy, EU, SFC Energy, WACKER, SFC ENERGY, WACKER

Munich / Brunnthal, March 10, 2022 - Wacker Chemie AG and fuel-cell specialists SFC Energy AG have signed a letter of intent on the distribution of renewable methanol.

Key Points: 
  • Munich / Brunnthal, March 10, 2022 - Wacker Chemie AG and fuel-cell specialists SFC Energy AG have signed a letter of intent on the distribution of renewable methanol.
  • The letter states that, starting in 2025, WACKER plans to supply SFC Energy with up to 2,000 metric tons of methanol from the RHYME Bavaria project planned for its Burghausen site.
  • SFC Energy intends to offer this methanol as a fuel with a particularly low environmental impact for use in its customers' methanol fuel cells.
  • WACKER and/or SFC Energy do not plan to update forward-looking statements, nor do the companies assume the obligation to do so.

DGAP-News: Wacker Chemie AG: WACKER Resubmits RHYME Bavaria for European Union Funding

Retrieved on: 
Tuesday, March 8, 2022
Hydrogen, European Commission, Methanol, Silicone, WE, Burghausen, Board of directors, WITH, Carbon dioxide, Human Development Innovation Fund, Chemical industry, CEO, Electricity, European Commission–AstraZeneca COVID-19 vaccine dispute, Carbon, Water, RAW, CO2, Wacker Chemie, Renewable energy, Coal, EU

The WACKER Group had applied for funding from the European Commission's EU Innovation Fund for its RHYME (Renewable Hydrogen and Methanol) Bavaria project in 2020.

Key Points: 
  • The WACKER Group had applied for funding from the European Commission's EU Innovation Fund for its RHYME (Renewable Hydrogen and Methanol) Bavaria project in 2020.
  • "That's why we think resubmission of this trailblazing project stands a good chance of receiving the necessary EU funding.
  • RHYME Bavaria is a key building block in meeting our ambitious climate-protection and sustainability targets.
  • RHYME Bavaria refers to a 20-megawatt electrolysis plant that will produce hydrogen from water using renewable electricity.

DGAP-News: Wacker Chemie AG: WACKER Sets New Corporate Sustainability Goals

Retrieved on: 
Monday, December 20, 2021
Zero, Hydrogen, Climate, Wacker Chemie, MOST, Charcoal, Burghausen, Powder, Electricity, Feasibility study, TO, Race, VCI, CCS, Wind, CCU, Chemical industry, Time, SALES, Coal, Temperature, Silicon, Acetic acid, CEO, Paris Agreement, Goal, Capital market, Climate change, Biomass, Water, Methanol, UN, Silicone, CO2, Paris, Fermentation, Semiconductor, Board of directors, Cyclodextrin, Food, Carbon, Renewable energy, Yvonne von Hartel

WACKER is striving to ensure that its entire product portfolio meets defined sustainability criteria by 2030 (previously: 90 percent).

Key Points: 
  • WACKER is striving to ensure that its entire product portfolio meets defined sustainability criteria by 2030 (previously: 90 percent).
  • It also expects all its key suppliers to meet defined sustainability standards by 2030 (previously: 90 percent).
  • During the same period, it expects a 25-percent drop in emissions relating to upstream products used by WACKER.
  • A new goal refers to specific water withdrawal, which WACKER aims to reduce by 15 percent by 2030.

DGAP-News: Wacker Chemie AG: WACKER Posts Substantial Sales and Earnings Growth in Q2 2021 amid Strong Customer Demand

Retrieved on: 
Thursday, August 5, 2021
Growth, Public expenditure, Vaccine, Earnings before interest, taxes, depreciation and amortization, Coronavirus, EBIT, Powder, Annual report, Plant, Adhesive, Burghausen, Depreciation, Tax, ROCE, DNA unwinding element, Outlook, KPI-driven code analysis, Silicone, Wacker Chemie, Total, Post, Group, Animal, Weapon, Ridesharing company, Fine chemical, Lithium, Risk management

In Q2 2021, WACKER posted EBITDA (earnings before interest, taxes, depreciation and amortization) of 326.6 million, triple the figure for the same period last year (105.4 million).

Key Points: 
  • In Q2 2021, WACKER posted EBITDA (earnings before interest, taxes, depreciation and amortization) of 326.6 million, triple the figure for the same period last year (105.4 million).
  • Group EBIT (earnings before interest and taxes) totaled 233.7 million in the reporting quarter (Q2 2020: 1.8 million).
  • Net income for the quarter totaled 178.8 million (Q2 2020: 4.5 million), while earnings per share came in at 3.50 (Q2 2020: 0.07).
  • In Q2 2021, WACKER's sales increased year over year in every region due to price and volume growth.