Centravis Production Ukraine (Nikopol, Dnipropetrovs’k region), a member of Centravis Ltd. holding, has agreed to supply a new batch of stainless steel pipes to South Korea for the largest hydrogen production plant.
According to a press release on Monday, Centravis has received an order for seamless pipes for a new hydrogen production plant in the South Korean city of Ulsan.
It is specified that the volume of delivery is 15 tons, and the client from South Korea ordered pipes for furnaces.
The company noted that Centravis has previously fulfilled orders for hydrogen projects. In particular, the Ukrainian company became a participant in a project to produce hydrogen-powered cars in the EU.
“Centravis has also agreed to supply seamless pipes from a German company specializing in hydraulic connections for the production of hydraulic connections with a high degree of leakage protection, in particular in projects using hydrogen and compressed natural gas.
“We are actively working in the Asian and Middle Eastern markets. And this contract is another step forward for us, especially since the construction of a hydrogen production plant has already become a landmark project for South Korea and the entire region,” said Artem Atanasov, Centravis Sales Director.
The construction of the Ulsan plant is expected to be completed in 2026. Its capacity will be 92,000 cubic meters per hour, or 8.2 tons. The volume of investments is about $157 million. It will be the largest hydrogen production plant in South Korea.
The press release states that Ulsan has become the center of the country’s hydrogen industry. Hyundai Motor and local authorities have recently agreed to create a hydrogen ecosystem in the city. In particular, the Korean automotive manufacturer presented a prototype of a hydrogen tram with a range of up to 150 km and a refueling time of up to 10 minutes.
The city recently unveiled the world’s first complex of “hydrogen apartments” that uses electricity and heat from hydrogen fuel cells, which provides significant savings in electricity costs.
As reported, in 2023, Centravis increased its production by 12% to 12.2 thousand tons. More than 98% of its products are supplied to foreign markets. The company has exported its products to 38 countries, including Germany, Italy, the USA, Japan, South Korea, the UAE, Oman, and others.
Today, Centravis is among the world’s ten largest producers of seamless stainless steel pipes.
“Founded in 2000, Centravis is one of the ten largest producers of seamless stainless steel pipes in the world. Its main production facilities are located in Nikopol (Dnipropetrovska oblast). In 2023, the company opened a branch in Uzhhorod.
Centravis Holding Ltd. was established on the basis of Nikopol Stainless Steel Pipe Plant CJSC, service and trading companies of Production and Commercial Enterprise YUVIS LLC. Its shareholders are members of the Atanasov family. Centravis Ltd. owns 100% of the shares of Centravis Production Ukraine.
