Strohm completes investment round
Funding rounds will enable Strohm to accelerate the expansion of its manufacturing operations to meet growing demand from the hydrogen and CCUS sectors
Thermoplastic composite pipe (TCP) manufacturer Strohm has completed a €15mn ($15.9mn) funding round. Dutch investment group ING Corporate has put in €10mn, with the remaining €5mn made up by existing shareholders Shell, Chevron, German investment group Evonik Venture Capital and investment fund HydrogenOne Capital Growth. An initial €14mn was raised in August, with HydrogenOne investing €10mn and the remainder coming from Strohm’s other main shareholders. €29mn — Total level of investment The combined funding rounds will enable Strohm to accelerate the expansion of its manufacturing operations to meet growing demand from the hydrogen and carbon capture, utilisation and storage secto
Also in this section
21 October 2024
Gulf Energy Information will host the largest women's event in the energy industry on 19–20 November in Houston, Texas
18 October 2024
Project in northeast of country set to start up in 2025 as developer signs technology deal with Icelandic firm Carbon Recycling International
17 October 2024
Experts debate carbon pricing and fossil fuel subsidies in the MENA region on second day of summit
17 October 2024
Keynotes on first day of Dii Desert Energy Leadership Summit celebrated 15 years of progress and outlined strategies for accelerating clean energy