Alfa Laval AB

Alfa Laval is initiating the full integration of Desmet, bringing the two organizations together as one global partner in process engineering solutions for the oils, fats and biofuel industries. Alfa Laval acquired Desmet in 2022, including the operational units and brands of RoseDowns and Stolz, and Desmet has since operated as a separate entity. When fully integrated, the combined company will span the technology value chain from seed to end product, with Desmet's upstream extraction and processing expertise joined to Alfa Laval's separation, heat transfer and downstream processing technologies. The Desmet brand will become a product and process technology brand within Alfa Laval, and Desmet will be integrated into the Business Unit Process Engineering Solutions in the Food & Pharma Division. The integration will proceed in phases to ensure continuity for customers, partners and ongoing projects, and is expected to be completed by July 2027, with the joint global sales, service and supply network extended by local teams in more than 150 countries.

Alfa Laval has been selected by Saipem, the EPC contractor for Stockholm Exergi's BECCS project, to supply heat transfer equipment for one of Europe's largest bioenergy carbon capture facilities. The project is expected to begin operations in 2028 and will capture, liquify, and permanently store up to 800,000 tonnes of CO2 annually, representing approximately one to two percent of today's total global carbon capture capacity. Stockholm Exergi's first-of-its-kind large-scale BECCS initiative will run at Europe's largest biomass-based combined heat and power plant in Stockholm, capturing and storing CO2 from the combustion of biogenic fuels. Alfa Laval will supply its Ziepack gas-gas interchanger alongside multiple process plate-and-frame heat exchangers as part of Saipem's EPC contract for the facility. Thomas Møller, President of the Energy Division at Alfa Laval, said carbon capture at this scale is one of the most demanding thermal engineering challenges in the energy transition, while Egil Nybakk, Director BECCS at Stockholm Exergi, said the Ziepack heat exchangers will allow the plant to reclaim energy used in capture and liquification for its existing district heating system.

Alfa Laval reported second-quarter net income of 2.04 billion Swedish kronor, edging up from 2.03 billion kronor a year earlier. Earnings per share rose to 4.91 kronor from 4.87 kronor, while adjusted EBITA reached 3.07 billion kronor compared with 3.00 billion kronor. Net sales increased 6% to 18.12 billion kronor from 16.82 billion kronor, and order intake surged to 22.24 billion kronor from 16.44 billion kronor. The company expects demand in the third quarter to be somewhat lower than in the second quarter.

The Clean Energy Chain section of the fourth China International Supply Chain Expo showcased low-carbon innovation across the energy value chain and provided a platform for international energy cooperation. Reflecting priorities outlined in China's 15th Five-Year Plan for hydrogen energy, nuclear power and zero-carbon industrial parks, the section featured developments spanning energy production, power systems and end-use applications, with a particular focus on the integration of energy and computing infrastructure. Participants included State Grid Corporation of China, China Datang Corporation, China Resources Group, Bank of China, ExxonMobil, Alfa Laval, the Chartered Community of Navarre from Spain, and Saudi United Company. The section demonstrated technologies, equipment and integrated solutions designed to support the global energy transition, illustrating advances in the low-carbon, digital and intelligent development of the clean energy sector.