MAN Energy Solutions Sells Gas Turbine Business

Wednesday, June 21, 2023

MAN Energy Solutions has announced the sale of its gas turbine business to China’s CSIC Longjiang GH Gas Turbine.

CSIC Longjiang GH Gas Turbine (GHGT) develops small and medium-sized gas turbines in a 5 to 50 MW range as well as high performance and combustion technologies. The company is a subsidiary of China State Shipbuilding Corporation (CSSC) and is headquartered in Harbin (China).

With this portfolio adjustment, MAN Energy Solutions is continuing its strategic focus on solution offerings for decarbonization and opening up long-term growth prospects for the product area.  

To date, MAN Energy Solutions has produced and serviced MGT gas turbines of up to 8 megawatts in size at its sites in Oberhausen and Zurich, among other things, for use as mechanical drives or for power generation. This product area is now no longer central to the company’s growth strategy. The sale now agreed includes a five-year site guarantee in Oberhausen and Zurich, thus ensuring not only the further development of the gas turbine series but also the preservation of the jobs concerned in Oberhausen and Zurich under new ownership. Existing customers of MAN Energy Solutions will thus continue to be served by their existing contacts beyond the sale.

The gas turbine business currently has approximately 80 employees in Oberhausen as well as approximately 20 employees in the maintenance of installed turbines at MAN PrimeServ in Zurich. The sale will have no effect on the other employees at the MAN Energy Solutions sites in Oberhausen (around 1,600) and Zurich (around 800) or on the other products and solutions manufactured there.

MAN Energy Solutions had already taken the decision to separate from the product area as part of its “Performance 2023” program, which was launched in 2020. The sale of the gas turbine business now agreed is a logical next step on the road to transformation into a solution provider for sustainable energy supply.

Categories: Marine Equipment Offshore Vessels China Gas Turbine

Related Stories

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

ABL Lands Work on BP’s Indonesian Gas and CCUS Project

BW Opal FPSO Vessel set for Work off Australia

Keyfield Ventures into Indonesia’s Oil and Gas Market with New Partner

Scarborough FPU's Topsides and Hull Come Together in Major Engineering Feat (Video)

TMC Books Compressors Orders for FPSO and LNG Vessels

VARD Snags $125M Shipbuilding Deal for Subsea Construction Vessel

Keel Laying for Wind Flyer Trimaran Crew Boat

Current News

EnQuest Acquires Harbour Energy’s Vietnamese Assets

Woodside Finds South Korean Partners to Advance LNG Value Chain

Valeura Makes Progress with Multi-Well Drilling Campaign in Gulf of Thailand

Santos and QatarEnergy Agree Mid-Term LNG Supply

PTTEP Hires Energy Drilling’s Rig for Southeast Asia Offshore Job

One Shelf Drilling Rig Up for New Job in India, Other for Disposal

Four Jack-Up Drilling Rig Deals Set to Bring In $129M for Borr Drilling

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

Yinson Production Secures $1.17B Refinancing for FPSO Maria Quitéria

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com