Wolftank Group at a glance

Wolftank Group is a global technology leader in energy and environmental solutions with over 70 years of experience across all Group companies. Serving customers in more than 20 countries though focusing on the European Union, the Group provides advanced solutions for decarbonizing transportation and building zero-emission mobility infrastructures. Key offerings include mobile and stationary turnkey modular hydrogen and LNG refueling facilities, industrial coatings that provide unparalleled protection for tanks and pipelines in harsh environments, comprehensive environmental soil and groundwater remediation, and recycling services. With this business focus, Wolftank Group benefits substantially from the long-term subsidized investments in infrastructure for the energy transition towards an emission-free economy.

The Group operates subsidiaries in eight countries across three continents under the management of Wolftank-Adisa Holding AG, headquartered in Innsbruck, Austria. Its shares are listed on the Vienna and Munich Stock Exchanges in the direct market plus and m:access segments, as well as on Xetra, the Frankfurt and Berlin Stock Exchanges.

Wolftank Group’s Management

Management 2023:

Dr. Peter M. Werth, CEO of the Wolftank Group
Simon Reckla, MA, Group Executive Board Member
Dr. Matteo Ciarapica, Group Board Member
Mag. Christian Pukljak, Chief Financial Officer

Supervisory Board 2023:

  • RA Markus Wenner, Chairman of the Supervisory Board
  • Dr. Andreas von Aufschnaiter, Vice-Chairman of the Supervisory Board
  • Dr. Christian Amorin, Member of the Supervisory Board (until June 2023)
  • Dr. Herbert Hofer, Member of the Supervisory Board
  • Dipl.-Geol. Michael Funke, Member of the Supervisory Board
  • RA Raphaela Lindlbauer, Member of the Supervisory Board (as of June 2023)

Wolftank Group locations

LocationDescription
Innsbruck (AT)High-performance epoxy resins, pipe refurbishment, hydrogen refueling projects
Tulln a. d. Donau (AT)Hydrogen competence center
Sao Paulo (BR)  Double-wall tank refurbishment and special localized resin production
Shanghai (CN)Double-wall tank refurbishment and training center South-East-Asia
Illertissen (DE)Double pipe construction DRK32, DOPA® Lite, hydrogen refueling systems, Intralogistics
Madrid (ES)Hydrogen refueling systems
Marseille (F)Distribution
Grosseto/Moncalieri/ (IT)
Sardinia/Naples/Rimini (IT)
In-situ soil remediation, Environmental Due Diligence,
Maintenance, soil remediation and recycling of waste
Asti (IT)Component import and distribution, logistics
Bolzano (IT)Distribution, hydrogen/biogas plant construction, hydrogen & LNG refueling projects
Gela, Ostellato (IT)Recycling plants
Milan (IT)EPC engineering services
Los Angeles (USA)Hydrogen refueling systems

Strategy and values

Climate change and current geopolitical crises demonstrate the need for an energy transition and indicate that the time for fossil fuels is approaching its end. The European Green Deal sets clear targets: EU net zero emissions by 2050.  To achieve this goal, hydrogen will play a key role. In March 2023, the EU proposed a new regulation that requires hydrogen refueling infrastructure to be installed at all urban centers and every 200 km on major roads by 2030. In total, about 1,750 hydrogen stations will be needed by 2026 and about 5,000 by 2030. The EU has established its own Hydrogen Bank, a financial instrument to accelerate the establishment of a complete hydrogen value chain in Europe. In addition, many countries are providing subsidies.

At present, only about 180 stations are in operation. The huge gap between the current situation and the need for massive structural growth and pent-up demand, driven by increasing environmental awareness and the commissioning of new LNG and hydrogen fueling stations in Europe, shows the enormous growth potential that can be expected and exploited in the coming years. Companies with many years of experience and a proven track record will be the ones to succeed in this dynamic environment. This puts Wolftank Group at the forefront of the transition to zero-emission mobility.

Wolftank benefits sustainably from the long-term subsidized investments in infrastructure for the energy transition towards an emission-free economy, backed by the very stable and mature core business of environmental remediation.  Together with the Industrial Coating and Maintenance business area, which complements the value chain along the refueling infrastructure, Wolftank benefits not only from in-depth market experience and knowledge, but also from a stable order and sales situation, which has a competitive and stabilizing effect on the Hydrogen and Renewable Energies business area in particular.

Strong roots and strategic growth

The company’s strategic buy-and-build approach has driven its expansion and diversification into the areas of hydrogen and renewable energies, industrial tank coating and maintenance, and environmental services. Key milestones in recent years include the acquisition of a majority stake in Petroltecnica, entering in a joint venture with Kuwait Petroleum Italy (Q8) named Mares, and organic expansion into new markets such as the US, more specifically, California with the promising environment created by the Inflation Reduction Act. Through these strategic initiatives, the company has expanded its geographic footprint and strengthened its position as a key player in the green economy, demonstrating an ongoing commitment to environmental protection and innovation.

Nevertheless, in the post-pandemic era the focus lies still successfully on the central European Union market.

Excellent position for a successful future

Today, with a comprehensive range of engineering and environmental services, Wolftank Group covers the entire value chain, tackling contaminated sites and facilities with innovative solutions that underscore its commitment to a truly circular economy. This continued focus on sustainability has enabled the company to make significant strides toward achieving climate goals, supported by its state-of-the-art fueling technologies that are integral to developing the infrastructure needed for a future of zero-emission mobility.

Wolftank Group benefits from its strong position in highly fragmented niche markets. The regulatory environment and required certifications create high barriers to entry and protect against emerging competition. The Group has a strong and proven track record and in the field of double wall tank lining, Wolftank is a true global hidden champion – an invaluable asset in these markets where failure to perform can often result in high costs and reputational damage.

With these three well-established and to an extent complementary business units, the Group believes it is excellently positioned to capitalize on the transition to green energy and zero-emission mobility and expects to achieve further significant strategic growth. Especially – to underline this once more – as Wolftank benefits sustainably from the long-term subsidized investments in infrastructure for the energy transition towards an emission-free economy, backed by the very stable and mature core business of environmental remediation.

Values – the core foundation

Wolftank Group conducts its business with a strong focus on values. Ethical and social responsibility is embedded in the Group’s DNA, business units and business models. In all its activities, the company aims to positively contribute to both economic and social development. The principles of ecology, innovation and cooperation form the basis of its work. Wolftank Group is committed to the highest quality in its products and services and strives for continuous improvement. As a reliable, long-term partner for its customers, the Group is constantly working to create added value for them with its products and solutions.

The broad diversity and expertise of Wolftank’s qualified team are key contributors to the quality of work and growth of the company.  The personal and professional development of our employees is strongly encouraged and supported, everyone is provided with space and opportunities for training, development and growth, and a positive, empowering and inclusive working environment.

We are established experts and technology promoters for the transition to an environmentally sustainable economy. We have the most effective means and expertise to join the balance of the ecosystem and the growth of customers and partners. We love and respect our planet. Our mission is to make sure that all over the world the natural resources air, water and soil are a healthy and vital resource for mankind and nature as it was originally.

Corporate Governance

The Wolftank Group’s alignment (voluntary commitment) with the official Corporate Governance Codes serves as a guideline for a qualified and sustainable corporate governance and corporate control in order to promote transparency and increase the confidence of our investors in the Wolftank Group.

The implemented corporate governance ensures a high level of transparency for all stakeholders of the Wolftank Group. With this in mind, the management of the Wolftank Group ensures that all shareholders are treated equally and that all provisions relating to the Annual General Meeting are complied with. In addition to conflicts of interest at the management level, this also regulates the cooperation between the Executive Board and the Supervisory Board, as well as the powers and responsibilities of the Executive Board and the Supervisory Board and their remuneration. Wolftank also complies with disclosure and reporting requirements, both financial and non-financial, rules on insider information, conflicts of interest, ad hoc publicity and independent audits of the consolidated financial statements.

Among others, the Executive Board of Wolftank-Adisa Holding AG has established an internal control system to ensure and guarantee that the individual departments and persons perform the tasks assigned to them effectively and efficiently. Decisions are always made after consultation with the Board or the respective supervisor in accordance with the dual control principle. 

The Group companies report the key financial figures from the accounting system to the Management on a monthly basis using standardized reporting packages. Since 2019, a consolidation has been carried out every six months. With regard to the Austrian subsidiaries, the accounting has been prepared in the subsidiaries themselves since 2018, resulting in daily updated figures that have a positive effect on the internal control system. The clear separation between document management and document processing is ensured by different responsibilities. 

An internal audit risk control system (IACS) is in place and is performed and documented on an ongoing basis.

Prior to entering into business relationships in areas with crisis potential, inquiries are consistently made and documented with the Austrian Federal Economic Chamber and subsequently with the Austrian Ministry of Foreign Affairs.

At group level, the limitations on the powers of attorney of the Management Board of Wolftank-Adisa Holding AG (the rules of procedure) have also been applied individually to each subsidiary, which allows for further control and risk minimization or early warning.

Control measures: whistleblowing 

To maintain the highest standards of integrity in all our operations and business conduct, the Wolftank Group has established a whistleblowing process. Anyone who becomes aware of any improper conduct (misconduct or criminal conduct) within the Wolftank Group is able to report it.  

The company has a dedicated position to receive reports of suspected irregularities, analyze this information and determine any action to be taken. The report may concern any information relating to possible violations, behaviors and practices that do not comply with what is established in the company’s Code of Ethics and Corporate Policies, and/or that may cause damage or harm to Wolftank Group, its subsidiaries, employees or third parties, and that relate to any of the following matters: 

  • violation of the Code of Ethics and/or the Corporate Policies 
  • corporate administrative liability  
  • HSSEQ matters in general
  • mobbing or unrespectful behavior
  • safety matters specifically
  • anti-corruption 
  • violation of business ethics 

The utmost confidentiality and anonymity of the reporting parties is maintained, as well as the integrity of the persons mentioned in the reports protected.  

The team dealing with the reports carries out the necessary investigation and audit, determines the corrective action and its monitoring.  

ESG policies

In order to comply with the principles and guidelines of correct and up-to-date corporate governance, the management of Wolftank Group introduced the following ESG policies which are regularly reviewed, adapted and revised:

Key products & services

Hydrogen storage and transport 

We provide mobile storage systems for the transport of hydrogen, such as our certified Wolftank H2 Transport Container, which is able to transport approx. 320kg of hydrogen under 300 bar pressure. With this state-of-the-art technology, hydrogen can be transported efficiently over short or medium distances and temporarily stored at the hydrogen refueling station or handling terminal. 

Key products 

Hydrogen refueling 

We offer hydrogen refueling solutions such as our Wolftank H2 Dispenser: a safe and reliable dispensing system, able to refuel all kinds of fuel cell electric vehicles (FCEV). The Wolftank H2 Dispenser is provided in multiple variations up to a high refueling flow of 120g/s to refuel heavy vehicles (bus, truck and train) and light vehicles (passenger cars and forklifts) at a pressure of 350 bar and 700 bar. 

Key products 

Hydrogen distribution and infrastructure

We have developed remarkable solutions, products and projects in the field of hydrogen as an energy carrier for mobility. As an example, since 2002 our Group Companies have been involved in the automation and electrical engineering design of more than 100 hydrogen refueling stations worldwide. One of our major projects was implemented in 2021, when we developed one of Europe’s largest hydrogen refueling stations for buses in Bolzano. The net construction time from the kick-off to the first bus refilling was only 9 weeks, and the result speaks for itself: this station serves a fleet of hydrogen buses for public transport which require less than 10 minutes for refueling by bus back-to-back. It allows parallel refueling and has a close to 100% availability due to its design considering also the redundancy of critical components. This very station will be expanded further in 2024, as Wolftank won the expansion tender.

Key products 

Hydrogen solutions for intralogistics

Hydrogen is a very suitable energy carrier for use in logistics. In contrast to battery-powered forklift trucks and industrial trucks, high daily mileage can be ensured by refueling in usually less than 3 minutes. Thanks to our highly innovative solutions for the intralogistics sector, our customers in this segment work more efficiently and more cost-effectively. We offer solutions for both indoor and outdoor refueling for the intralogistics sector. 

Key products 

Power backup systems 

Another field of application for our technology and refueling expertise is the fuel supply of power generators. An example of our work in this area is a cooperation with the German fuel cell specialist SFC Energy. Our state-of-the-art system supplies electricity produced from hydrogen as emergency backup for buildings, telecommunication towers and data centers. 

Key products 

LNG distribution 

We have contributed to build a substantial part of today’s LNG refueling station network in Italy. As an example, we started the cooperation with Italian gas company SNAM years ago, delivering turnkey project management and full construction services to build LNG truck refueling stations. 

Key products 

Battery electric vehicle chargers 

We provide a complete solution to construct large networks of Electric Vehicle Chargers, mainly DC Fast and Hyperchargers (HPC) up to 400kW of DC Power, but also AC Chargers up to 22kW. We have contributed to the construction of the European HPC (Hyper / High Power Charger) Electric Charging network through our unique knowledge of the existing fuel retail network (a true USP in this industry) and the applicable standards and regulations, as well as our own maintenance and construction teams in the field. 

Key service

Industrial coatings

Our portfolio includes a broad range of products designed to endure harsh environments, including continuous contact with crude oil, light and heavy oil derivatives, and various fuels. We specialize in providing long-term corrosion protection and contributing to structural and semi-structural layer systems. Wolftank Group’s expertise extends to the sustainable upgrading of service stations, with technologies designed to prevent spills and extend the operational life of fuel storage and distribution facilities. Our exclusive patented DOPA® tank lining system and continuous remote monitoring techniques represent the forefront of our innovative approach to ensuring environmental safety and asset integrity.

We also protect the handling, preservation and storage of the most precious liquid of all: water. The provision of drinking water and the containment of wastewater is an increasing challenge for both public and private companies. Our portfolio offers high-quality coating systems to seal water sumps and to protect vessels and pipes, irrespective of whether they contain fresh, hot, saline or waste water. With our innovative coating systems and our global distribution network, we successfully join the water value chain and preserve the water quality. We provide long-term asset protection against corrosion, deterioration, infiltration and leaks.

Key Products

Maintenance

We offer essential services for the protection and refurbishment of tanks, vessels, and pipelines exposed to aggressive liquids like modern biofuels containing ethanol, methanol, and biodiesel.
Our maintenance services include tank cleaning, sludge removal, and emergency spill response. These operations are vital for maintaining operational efficiency and environmental compliance. Our strongest team in maintenance is provided by Mares, delivering thousands of service calls per month and perfectly ready for the future demand for maintenance in LNG and hydrogen.

Key maintenance services

Tank cleaning robots provided by Petroltecnica and Wolftank Austria.

Environmental consulting & engineering

We advise and support our customers in environmental, legal, safety and risk management in scenarios such as sale of real estate in which our specialists deal with authorities in the course of determining potential environmental liability. Our methodologies and tools permit our solutions teams to analyze soil and groundwater contaminated with hydrocarbons with the deployment of appropriate environmental due diligence. Chemical analysis in mobile accredited labs and immediate identification of pollutants in situ, reducing project costs.

Key services

Soil and water remediation

In our in-situ environmental services, highly trained technicians carry out analysis and installation of technologies to clean contaminated groundwater and soil.

Key services and innovations

Waste and industrial water treatment

Waste is recycled into its original components, which are then reused as recyclable material for industry.

Key services

Quality management

Wolftank Group is committed to establishing a quality management and assurance system to provide customers with products of reliable quality that they can use with confidence. Our quality department ensures excellence in our products, services and processes. All our equipment and installation procedures are tested and approved by TÜV and/or other certified bodies. In this regard, Wolftank Group follows and continuously optimizes the leading operational management system according to the following international standards:

  • ISO 9001: 2015, Quality Management Systems
  • ISO 14001: 2015, Environmental Management Systems
  • ISO 45011: 2018, Occupational Health and Safety Management Systems

In order to participate in public tenders in Italy, it is necessary to hold a “SOA” certificate. This is an mandatory requirement to prove that the company is capable of carrying out, directly or as a subcontractor, public works with a specific tender value. In addition, the Italian companies of Wolftank Group are registered in the National Register of Environmental Managers (ANGA), established by the Italian Legislative Decree 152/06 and located at the Italian Ministry of the Environment and Land and Sea Protection, which is divided into a National Committee and regional and provincial sections.

Petroltecnica

  • SOA categories:
  • OG1 cl. IV – Civil and industrial buildings
  • OG3 cl. III bis – Roads, highways, viaducts, railways, subways
  • OG6 cl. III bis – Aqueducts, gas pipelines, oil pipelines, irrigation and evacuation works
  • OG9 cl. V – power generation plants
  • OG12 cl. VII- Remediation and environmental protection
  • OS23 cl. III bis – Demolition of works.
  • ANGA Environmental Permits:
  • Cat. 2 bis, Own waste transport;
  • Cat. 4 and 5 cl. E, Transport of P and NP waste;
  • Cat. 8 cl. B, Trade and brokerage;
  • Cat. 9 cl. A, Remediation of contaminated sites;
  • Cat. 10 B and A cl. D, Remediation of goods containing asbestos.

Rovereta

  • ANGA Environmental Permits:
  • Cat. 8 cl. C, Trade and brokerage

Mares

  • SOA Categories:
  • Cat. OG12 – Cl. II bis – Remediation and environmental protection
  • ANGA Environmental Permits:
  • Cat. 2 bis, Own waste transport;
  • Cat. 8 cl. C, Trade and brokerage;
  • Cat. 9 cl. C, Remediation of contaminated sites;

Wolftank Italy

  • SOA Categories:
  • Cat. OG 1 cl. II – Civil and industrial buildings
  • Cat. OG 3 cl. II – Roads, highways, viaducts, railways, subways
  • Cat. OG 6 cl. III bis – Aqueducts, gas pipelines, oil pipelines, irrigation and evacuation works
  • Cat. OG12 cl. IV – Reclamation and environmental protection
  • ANGA Environmental Permits:
  • Cat. 4 – cl. F, Collection and transport of special non-hazardous waste
  • Cat. 5 – cl. F, Collection and transportation of hazardous waste
  • Cat. 8 – cl. C, for trade and/or brokerage of hazardous and nonhazardous waste
  • Cat. 9 – cl. A, Remediation of contaminated sites

We also work in full compliance with the Italian Anti-Bribery and Corruption Law no. 231/2001, which is a more specific approach than ISO 37001.

On the other hand, Wolftank Group is an active member of several Technical Committees (TCs) and associated working groups for the maintenance of EN standards.

In 2024 Wolftank will start the certification process according to the following standards:

  • EMAS – “Eco-Management and Audit Scheme” Certification
  • SA8000 Ethical Certification – “Social Accountability System”
  • UNI/PdR 125:2022 – “Gender Equality”

Research & Development

At Wolftank Group, innovation is at the heart of our operations. Our commitment to research and development (R&D) is demonstrated by the allocation of approximately 10% of our annual profits to foster new solutions and enhance our diverse portfolio. Our approach to in-house product development, particularly in niche markets, ensures that we maintain complete control over our product lifecycle. This has resulted in the acquisition of over 20 patents, highlighting key innovations such as

Our R&D efforts span across all our businesses and focus on creating unique selling propositions, increasing efficiency and improving worker safety through technical innovation. In particular, our current global efforts are heavily focused on hydrogen and renewable energy.

2023: A year of technological milestones

In the last three years but especially in 2023, our R&D team made significant progress on existing and new technology developments, including

  • advancing dispenser development for CNG and hydrogen blends
  • the Wolftank Smart Cartridge, enabling scalable operations for fuel cell grid backup systems
  • integration of commercial payment systems into new hydrogen refueling facilities
  • mobile hydrogen storage and refueling solutions approval
  • processes for certifying natural gas pipelines for hydrogen transport
  • expanded application of DOPA® beyond the oil and gas sector
  • a patented new leak detection system for existing single wall infrastructure
  • industry 4.0 compatible DOPA® leak detection devices
  • innovations in pipe rehabilitation and LPG system design
  • development of a remote well monitoring system and an LPG tank inspection robot
  • patented solutions for mobile LNG and hydrogen refueling and a hydrogen logistics container
  • metrological certification for Wolftank dispensing solutions
  • the H2 Mobile Station Lite and the H2 Compressor Container – state-of-the-art solutions for hydrogen refueling and compression
  • environmental and site remediation technologies

Focus on sustainable mobility

A key objective of our R&D is to advance sustainable mobility solutions. Our innovative hydrogen refueling line for intralogistics is proof of this focus, providing efficient hydrogen-powered solutions for a variety of vehicles. In addition, our efforts to improve hydrogen refueling stations address the high-capacity needs of trains and large transport operators, underscoring our commitment to decarbonization beyond mobility.

Digitalization and collaboration
Our IT specialists play a crucial role in the digital transformation of Wolftank Group’s processes, developing proprietary tools that not only benefit our operations, but also offer digital solutions to our customers. A notable achievement is our collaboration with SFC Energy AG in the development of zero-emission hydrogen fuel cell back-up generators, exemplified by the installation at Wolftank’s Rovereta plant in Italy, which also serves as a hub for hydrogen system testing, training and demonstrations.

Leading through expertise
Wolftank Group’s leadership in green energy is further solidified through contributions to key industry publications and collaboration with key associations. CEO Peter Werth’s participation in the VDE’s “White Paper on the Hydrogen Economy” is a prime example of our commitment to shaping the future of hydrogen in the energy sector. In addition, our presentation at the Forum Alpbach on the efficient construction of hydrogen refueling stations using dual-purpose storage tanks highlights our innovative approach to reducing costs and infrastructure needs.

At Wolftank Group, our R&D efforts are an integral part of our mission to lead the transition to a sustainable energy future and demonstrate our continued commitment to innovation, safety and environmental protection.