German industrial company thyssenkrupp Uhde has announced plans to seek a new buyer of electrolyzer equipment that was to be deployed to the $1.5 billion Unigel facility in Camaçari, Brazil. ThyssenKrupp has already been in contact with potential buyers for the electrolyzers that were assembled in Europe.
The Unigel facility, which was projected to make 10,000 mt/y of green hydrogen and 60,0000 mt/y of green ammonia, was originally scheduled to start up in late 2023 but has been halted due to Unigel’s financial troubles.
Unigel and creditors agreed to a restructuring plan in February after months of talks after the fertilizer producer missed bond payments (GM Feb. 23, p. 31). The Brazilian company is seeking to restructure 3.9 billion reais ($792 million) in existing debt into new bonds and convertible notes. Unigel also previously announced enlisting Citi to find a new strategic partner for the Camaçari site.