Faurecia acquires Amminex
14 December 2016
Faurecia announced that it has increased its participation in the Danish company Amminex to 91.5% through a share purchase. Amminex has developed an Ammonia Storage and Delivery System (ASDS™)—a solid ammonia storage and delivery system that provides an alternative to the use of water-based urea solution (DEF/AdBlue) in SCR systems for the control of NOx emissions from diesel engines.
Faurecia has worked with Amminex since mid-2009 and previously owned 42% of the company. At the recent Paris Motor Show, Faurecia showed the Amminex solution for commercial vehicles, as well as an ASDS™ system in a new format for passenger cars. In increasing its participation to 91.5%, Faurecia said it expects to intensify the development of this technology for both commercial vehicles and passenger cars. Faurecia is also investigating other applications of ASDS™, including off-road vehicles and high horsepower (HHP) engines used on ships and vessels.
The remaining shares of amminex are held by the Danish Foundation Nordea-fonden.
Amminex employs 50 people at its headquarters in Søborg, near Copenhagen, and its 6,500 m2 production facility in Nyborg. Both Annika Isaksson, Amminex CEO and Tue Johannessen, Chief Technology Officer, who invented the technology and founded Amminex, will remain in their positions.
Source: Faurecia