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Strong performance in 2021 sees Paul Wurth well placed to support steel industry green transition

2022-05-10

May 10, 2022 - Paul Wurth’s 2021 performance was the best in a decade, with significant projects signed or concluded around the world. It is now the leading center for steel decarbonization and hydrogen-based solutions for SMS group. At a press conference today, the leadership of Paul Wurth and its Luxembourg-based subsidiaries highlighted their ambitions and key projects.

“It has been almost one year since SMS group took full control of Paul Wurth”, said Georges Rassel, CEO of Paul Wurth. Since then, there have been many changes to how our organization works. However, we are committed to Luxembourg, and the planned new head office is a symbolic representation of our permanence in our home state”.


The press conference saw Mr Rassel joined by the CEOs of two of Paul Wurth’s daughter companies, project management and engineering services business Paul Wurth Geprolux and intralogistics specialists CTI Systems. Together, the leaders highlighted their companies’ recent performance, key projects and ambitions for the coming year.


Paul Wurth’s priority development area is the rollout of green ironmaking technology around the world. The steel industry is responsible for about 7% of global CO2 emissions, and primary ironmaking is the chief emitter in the value chain for products made from steel. Having developed several techniques to reduce CO2 emissions – including ways of sharply reducing emissions from existing facilities – Paul Wurth is offering these to ironmaking clients around the world in order to help reduce their environmental and climate impact.


“2021 was an excellent year for Paul Wurth, and our order intake was the highest it has been in a decade”, said Mr Rassel. “This success is due, in part, to our widened offer of digital solutions and emissions-reducing technologies. Our services segment has also contributed strongly. Decarbonization is a key part of our growth strategy, and it is starting to pay off”.


Paul Wurth is also deeply engaged in hydrogen and e-Fuels. These technologies will help pave the way for CO2 emissions reductions in both the steel industry and in other hard-to-abate sectors, such as aviation. Recently, the Paul Wurth Chair in Energy Process Engineering was taken up at the University of Luxembourg: its holder will specifically be looking at advanced materials and systems for hydrogen technologies.

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