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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Siemens Energy AG | TG:ENR | Tradegate | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.38 | 1.93% | 20.10 | 20.11 | 20.12 | 20.16 | 19.675 | 19.715 | 482,506 | 14:24:04 |
From May 2019 to May 2024
By Olivia Bugault
Germany's Siemens Energy AG and chemical company BASF SE said Tuesday that they have signed a memorandum of understanding on the implementation of low-carbon technologies.
BASF aims to lower carbon-dixoide emissions in chemical production and several pilots projects are under discussion at its Ludwigshafen site in Germany.
"Possible pilot projects include the construction of a proton exchange membrane electrolyzer for hydrogen production with an output of 50 megawatts," the companies said.
The companies are also looking at the possible modernization of BASF's power grid at the Ludwigshafen site with Siemens Energy products.
Write to Olivia Bugault at olivia.bugault@wsj.com
(END) Dow Jones Newswires
February 09, 2021 05:38 ET (10:38 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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