Kanthal signs licensing agreement regarding MW-scale gas heating solution
Swedish companies Kanthal and Nycast enter an exclusive licensing agreement regarding a large-scale electric gas heating solution developed by Nycast.
Kanthal announced today that the company has signed an exclusive licensing agreement with Nycast, a Swedish company that develops electric process gas heating solutions. Under the agreement, Kanthal has the exclusive right to use Nycast’s technology for heating large amounts of process gas at high pressure up to 1,100°C/2,012°F.
The technology is a key component for industries with a need to heat high volumes of process gas to high temperature and that are looking to lower their CO2 emissions, for example in production of steel, cement and petrochemicals.
“We are delighted to have formed this licensing agreement which represents significant business opportunities for Kanthal,” says Anders Björklund, President at Kanthal.
"Fossil-free heating of process gas at high temperatures will be crucial for many industries to minimize their carbon footprint and this addition to our product portfolio will allow us to deliver a solution for them."
Fossil-free heating of process gas at high temperatures will be crucial for many industries to minimize their carbon footprint and this addition to our product portfolio will allow us to deliver a solution for them.
The first version of the heater was started in 2013 in Swedish metals research institute Swerim’s testing facilities in northern Sweden and has been running problem-free ever since. It is based on well-proven components and is modular to be scaled up to desired temperature, flow and pressure.
“After all the years of development and tests we’re looking forward to see the heater in production environment,” says Ralph Nyström, CEO at Nycast."We developed this heater as a way to contribute to the work against climate change and we’re excited about the fact that Kanthal will now put it to market."
For questions, please contact Patrik Johansson, Global Marketing Communications Manager, Kanthal, at firstname.lastname@example.org or +46 (0)70 616 2726