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Tag Archives: STEAG GmbH

STEAG heads for strong growth

At the full works council and delegates’ conference of the STEAG Group (Figure 1), Essen/Germany, Andreas Reichel, Chairman of the Management Board and Labor Director, made it clear that the forthcoming sale of the energy group to the Spanish infrastructure investor Asterion Industrial Partners means more scope for STEAG in shaping the energy and heat transition. Speaking to the participants ...

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STEAG ensures continuity at the top

At its meeting on 25th January 2023, the Supervisory Board of STEAG GmbH, Essen/Germany, appointed Ralf Schiele (Figure 1) as a member of the Management Board of STEAG GmbH for a further three years. Schiele has been a member of the STEAG management since October 2020 and is responsible for the Market and Technology division. His appointment as Chief Operating ...

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Ewald Woste new Chairman of the STEAG GmbH Supervisory Board

STEAG GmbH’s Supervisory Board has a new Chairman: Ewald Woste, an experienced and accomplished industry expert who has worked in the energy sector for 30 years, was unanimously elected on 8th December 2022 by the 20 members of the board. Woste will take up the post in a landmark phase for the energy company: Following the division of the STEAG ...

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STEAG returns 2.5 GW additional power plant capacity to the market

STEAG GmbH, Essen/Germany, is returning both its hard coal fired power plants Bexbach and Weiher in Saarland from the grid reserve to the market. With a net rated capacity of 726 MW, the Bexbach power plant (Figure 1) is the largest STEAG plant in Germany, it’s sister power plant in Weiher has a capacity of 656 MW. Together, both power ...

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STEAG sells shares in foreign power plant

STEAG GmbH, Essen/Germany, sells a large part of the shares in its power plant on the Philippine island of Mindanao. The buyer is co-shareholder Aboitiz Power Corp (APC). STEAG had already announced last year that it wanted to sell its stake and initiated a sales process. As part of this process, Aboitiz has now exercised its right of first refusal. ...

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STEAG cooperation with ADNOC pays off

Part of the demonstration deliveries of carbon-reduced ammonia agreed in spring between the Abu Dhabi National Oil Company (ADNOC) and various German energy and chemical companies has arrived in Hamburg; the tranche destined for STEAG GmbH, Essen/Germany, will follow timely. Representatives of ADNOC, STEAG and other companies as well as government representatives of the United Arab Emirates and the Federal ...

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STEAG gains strength

The STEAG Group, Essen/Germany, can look back on a successful six-month period. In the first half of the current business year, the energy group achieved consolidated sales of 2.41 bn €. Earnings before interest and taxes improved to 386.1 M €, almost doubling the result for the entire previous year. Earnings before interest, taxes, depreciation and amortization (EBITDA) also increased significantly to 450 M €. ...

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thyssenkrupp Steel and STEAG agree delivery of hydrogen

HydrOxy Walsum, STEAG’s hydrogen project in Duisburg, North Rhine-Westphalia, is taking shape: Based on a favorable feasibility study for a water electrolysis plant with a capacity of up to 520 MW, jointly prepared by the project partners STEAG GmbH, Essen/Germany, and thyssenkrupp Steel AG, Duisburg/Germany, an agreement in the form of a memorandum of understanding has now been reached on ...

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ADNOC and STEAG agree on ammonia pilot

STEAG GmbH, Essen/Germany, is one of various partners from German energy industry, Abu Dhabi National Oil Company (ADNOC) has signed agreements with during a delegation trip of Robert Habeck, German Minister for economic affairs and climate actions, to the United Arab Emirates (UAE). ADNOC and STEAG agreed on a sample delivery of carbon-reduced ammonia to be used for separation and ...

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STEAG achieves a good recovery

STEAG GmbH, Essen/Germany (Figure 1), presents encouraging key figures at the end of the third quarter of the current business year. Both sales and group EBIT are above the previous year’s level. In 2020, the energy company still had to cope with a difficult year owing to extraordinary burdens from the phasing out of coal and a process of transformation ...

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