Strategy

The world is facing a huge challenge: How can we stop global warming and ensure economic development at the same time? The answer lies in the decarbonization of industry, which is responsible for more than a third of global greenhouse gas emissions.

thyssenkrupp Decarbon Technologies is one of the leading providers of innovative solutions in the fields of hydrogen, ammonia and methanol, polymers, cement and lime as well as renewable energies. Our vision is to work with our customers to decarbonize the industry and create a more sustainable future. Our key technologies are based on innovative solutions for the climate-neutral production of energy-intensive goods. We believe that the decarbonization of industry is possible and necessary to stop climate change and ensure economic success.

Decarbon Technologies' corporate strategy focuses on enormous growth in clean technology markets, innovative cutting-edge technologies for the decarbonization of industry and a strong holding company that secures and expands significant market shares.

Disclaimer:

thyssenkrupp nucera was set up independently as a portfolio decision eligible for the stock market. Decarbon Technologies therefore fulfills its corporate responsibility toward the thyssenkrupp Group in accordance with legal requirements by having qualified Supervisory Board members advise and monitor the company's Executive Board. Information is exchanged on a regular basis to take advantage of business opportunities, with the aim of increasing value for all stakeholders, while maintaining the legal independence of the companies involved.

Enormous growth in markets for clean technologies

thyssenkrupp Decarbon Technologies: Growth in clean markets

We are experiencing an unprecedented growth period in clean technology markets: Experts are predicting an average annual growth rate of more than 20% until 2030. This upswing is primarily being driven by global efforts to combat climate change and shape a more sustainable future. Governments around the world are implementing far-reaching environmental regulations – along the entire value chain – and encouraging the use of technologies to reduce CO2 emissions and other greenhouse gases that are harmful to the climate, as well as improving the efficient use of resources.

At the same time, more and more companies are are recognizing the economic opportunities arising from the demand for clean technologies. Investments in renewable energies, clean technologies and increasing energy efficiency are growing rapidly, as these areas not only help to reduce greenhouse gas emissions, but can also reduce costs in the long term and improve operating efficiency. Experts believe that, in order to achieve the climate targets set in Paris, cumulative investments in decarbonization technologies alone ought to amount to five trillion US dollars per year worldwide in the period out to 2050.

Sources: McKinsey: The net zero Transition (2023), IRENA's "World Energy Transition Outlook 2023: 1.5C Pathway, IRENA's Innovation Outlook Ammonia 2022

Examples of specific growth potential:

Renewable energies
Renewable energies
Given the required growth rate of around 9%, the capacity of renewable energy sources would follow an impressive growth trajectory. Consequently, capacity would increase from 3 terawatts in 2020 to an incredible 33 terawatts by 2050.
  • Renewable energies
  • Clean ammonia
  • Carbon capture
  • Clean hydrogen
  • Service
Ammonia plant
Clean ammonia
Clean ammonia is considered to be a key component for low-emission industrial processes; its demand would have to increase by around 40% –- from just 20,000 metric tons in 2020 to more than 600 million metric tons by 2050.
  • Renewable energies
  • Clean ammonia
  • Carbon capture
  • Clean hydrogen
  • Service
Carbon capture at thyssenkrupp Carbon2Chem
Carbon capture
There would be a significant surge in demand for carbon capture and storage technology, with a growth rate of 25%. This would lead to an increase from less than 10 million metric tons of CO2 in 2020 to around 3.1 billion metric tons of CO2 in the industrial sector in 2050.
  • Renewable energies
  • Clean ammonia
  • Carbon capture
  • Clean hydrogen
  • Service
Clean hydrogen
Clean hydrogen
Clean hydrogen is considered a promising energy source for a wide range of applications, and demand for it could grow by 26%, from 700,000 metric tons in 2020 to more than 500 million metric tons by 2050.
  • Renewable energies
  • Clean ammonia
  • Carbon capture
  • Clean hydrogen
  • Service
thyssenkrupp Decarbon Technologies, service employees
Service
Comprehensive services, such as the maintenance of existing production facilities, will be an important driver of profitable growth for decarbonization providers alongside the development and operation of high-tech solutions for the reduction of CO2 and nitrous oxide.
  • Renewable energies
  • Clean ammonia
  • Carbon capture
  • Clean hydrogen
  • Service

Decarbon Technologies stands for innovative cutting-edge technologies

Decarbon Technologies has innovative technologies to benefit from the enormous growth opportunities of the green transformation. Our success is founded on unique key technologies and services in the areas of ammonia and methanol, cement and lime, polymers, and renewable energies as well as close customer relationships in industry – and these will also enable us to secure and expand significant market shares in the future.

We use the in-depth engineering expertise and wide-ranging experience of our approximately 12,700 employees worldwide to provide our customers with the best possible support on their path to decarbonization. Decarbon Technologies offers solutions ranging from plant engineering and bearing production to spare parts supply and comprehensive, customized service. Our services are not only tailored to our own products, but also cover third-party installations.

thyssenkrupp AG holds a 50.19% stake in the listed company thyssenkrupp nucera, the financial data of which is consolidated in the Decarbon Technologies segment. As a leading global supplier of electrolysis technology for producing clean hydrogen on an industrial scale, thyssenkrupp nucera supports its customers on the path to climate neutrality. Opportunities for cooperation along the hydrogen value chain exist for thyssenkrupp nucera especially with thyssenkrupp Uhde. Together, the two businesses can offer tailored customer solutions for the clean production of hydrogen and ammonia, and to further expand their market positions.

More about our innovative technologies

Our strong holding unlocks potential and delivers performance

thyssenkrupp Decarbon Technologies Holding

As a enabler of decarbonization and a value-added holding company, Decarbon Technologies is driving forward key technologies for the green transformation and value-added growth. Our portfolio is individually tailored to the various development and growth phases of the businesses, and we continuously improve our business models and minimize risks.

In parallel, we ensure excellent implementation of our projects and secure strong performance by carefully managing investments and defining clear responsibilities. This strategic approach enables us to consistently achieve our corporate goals while maximizing added value for our customers.

Digitalization forms a key pillar of our strategy. This extends across all business units and plays a crucial role in continuously developing and efficiently enhancing our business processes and new business models. The many digital solutions in our product portfolio include ones to increase sustainability in production, the use of artificial intelligence to increase sales and service optimization, and the creation of digital twins. In the future, we will continue to reinforce the importance of regular performance dialogs and underpin them with transparent tracking of key performance indicators (KPIs). In this way, we sharpen the focus of our portfolio on strategic and financial targets, at the same time as rewarding outstanding performance and pushing ahead with continuous improvements.

Our aim is to be a thought leader and the world's first go-to-partner for pioneering decarbonization solutions in industry with innovative technologies and outstanding services. Decarbon Technologies is determined to follow the path to sustainable profits consistently through environmentally friendly growth. We have set ourselves the ambitious target of an EBIT margin of at least 5% for fiscal year 2024/25.