SENCO strengthens leading composite pipeline innovator Strohm B.V. with equity investment
Summary
This investment, made shortly after the first closing of SENCOs Hydrogen Equity Fund, marks a milestone for both companies and underlines their commitment to a more sustainable and future-proofed energy supply. "With this investment, we are supporting innovative, carbon footprint reducing technologies that are critical to the success of the hydrogen economy and renewable energies" explains Carsten Schmeding, CEO and Managing Partner of SENCO. "We identified Strohm in 2023 as a market leader in the development of thermoplastic composite pipelines (TCP), an innovative, sustainable and value-adding contribution to the growing global offshore energy industry. Strohm is a perfect example of this," adds Oliver Kolbe, Managing Partner of SENCO.Strohm is a pioneer in the development of TCP and has set itself the goal of significantly reducing CO emissions in the pipeline infrastructure sector. "The partnership with SENCO enables us to further scale our technologies and continue our successful expansion, especially in the field of energy transformation around hydrogen and CCUS," explains Martin van Onna, CEO of Strohm.