H&R Group and Mabanaft establish new joint venture to market PtX products - Seite 2

P2X Europe fosters sustainable decarbonization

H&R and Mabanaft see themselves as innovation and market leaders for hydrogen-based products and business models. With the joint venture P2X Europe, they want to make their contribution to a sustainable decarbonization of their respective industries.

Both partners will have an equal share in the joint venture company, which will be based in Hamburg after the necessary approvals under cartel law have been granted. The business of the joint venture will be conducted by Volker Ebeling, who was nominated by Mabanaft GmbH & Co. KG, and Thorsten Frick, who was appointed by H&R Refining GmbH.

The Hansen & Rosenthal Group is active in the development, production and marketing of speciality chemicals. In cooperation with the H&R GmbH & Co. KGaA, the Group operates two specialty refineries in Germany at the Hamburg and Salzbergen sites. H&R Refining GmbH is a subsidiary of the Hansen & Rosenthal Group.

Mabanaft GmbH & Co. KG is a subsidiary of Marquard & Bahls, an agile, independent holding company in the energy & chemicals sector. As a leading independent and integrated energy company, Mabanaft offers its customers innovative energy solutions for their transportation, heating and industrial needs. In addition, the company is active in trading with petroleum products, natural gas liquids and biofuels.

For more information on H&R, Mabanaft, und Marquard & Bahls, please visit www.hur.com, www.mabanaft.com, and www.marquard-bahls.com

For media inquiries, please contact:

H&R GmbH & Co. KGaA                                                          
Ties Kaiser                                                                   
Leiter Investor Relations / Kommunikation                                                      
Neuenkirchener Straße 8, 48499 Salzbergen                          
Tel.: [phone], Fax: [phone]                  
Mail: [e-mail]       
                                               
Mabanaft GmbH & Co. KG
Volker Ebeling                          
Director Strategic Projects                                                                 
Koreastraße 7, 20457 Hamburg
Tel. [phone], Fax: [phone]
Mail: [e-mail]
 

End of Media Release

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Issuer: Mabanaft GmbH & Co. KG
Key word(s): Energy

20.11.2020 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG.
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1149561  20.11.2020