Permascand appoints a new CCO

Permascand has appointed Nariman Askarieh as interim Global Chief Commercial Officer (CCO). Nariman joins from his most recent role as Nordic Commercial Director at the global medical technology company Stryker and will assume his role on March 15, 2023.

Nariman Askarieh Askarieh holds an M. Sc. in Industrial Management and Engineering and has about twenty years of experience in leadership positions in multinational companies such as Stryker, Philips Health Systems, Ericsson, and Tetra Pak.
"With Nariman Askarieh, we have a Chief Commercial Officer with international experience from several different sectors and markets worldwide. His experience and expertise will be important as we take the next step on our continued growth journey, where we meet the increasing demand driven by the global green transition," said CEO Peter Lundström.
"Permascand has had a strong development in recent years where the company's electrochemical solutions are central in many clean-tech applications. I look forward to working with the team to strengthen the company's offering, not least linked to the fast-growing market for green hydrogen where Permascand will achieve the great commercial potential in the area," said Nariman Askarieh, incoming interim CCO for Permascand.
Nariman Askarieh succeeds Viktoria Lindstrand Munkby, who is leaving Permascand for a role at another company.

Invitation to presentation of Permascand’s year-end report 2022

Permascand will publish its year-end report 2022 on 9 February 2023 at 07:45 CET. In connection with this, Permascand invites investors, analysts and media to a conference call and webcast on the same day at 10:30 CET.

The presentation will be held by CEO Peter Lundström and CFO Linda Ekman in English and will conclude with a Q&A session. Questions can be asked on the conference call or in written form through the webcast. No pre-registration is required.

Date and time
9 February 2022 at 10:30 CET


Phone number
To participate via telephone please dial-in on the numbers below.

SE: +46-8-5051-6386
UK: +44-20-319-84884
US: +1-412-317-6300 , Pin code: 0469191#

After the presentation, a recording of the webcast will be available on the webcast link and on the company’s website

Permascand signs a Master Supply Agreement with a world-leading chlorate supplier

Permascand has signed a Master Supply Agreement to deliver service and refurbishment of electrochemical cells to a significant client. The business relationship is well established for a long time. The estimated value of the agreement is in the range of SEK 30-45 million per year for a period of two years.

Historically Permascand has delivered refurbishment and new installations to the client’s facilities in Sweden, Europe, and North and South America.

“We are looking forward to continuing our business collaboration with the client, together, we strive to increase innovation and sustainability in the industry market. Being a steady supplier in the electrochemical industry is part of our growth plan. We value long-term collaborations, as this is something we know gives better results for the clients and us as well", says Peter Lundström, CEO at Permascand.

The agreement is valid for two years and can be renewed for two more years, a total of four years.

The client is a global leading company within specialty chemicals and chlorate manufacturing. Industries and consumers worldwide rely on their solutions to manufacture products for personal care, cleaning goods, paints and coatings, agriculture and food, pharmaceuticals, and building products. The company is running in over 80 countries around the world with industry-leading brands. 

Research collaboration for cost-effective green hydrogen

Permascand is involved in and co-finances an industrial doctoral project at Umeå University. The goal of the project is to produce green hydrogen without, or with less, precious metals – as these metals are expensive and available in limited amounts.

The project at Umeå University includes the production of hydrogen and is a collaboration with Permascand to develop the technology in the field. In this industrial doctoral project, the focus area is electrocatalysis for water electrolysis in industry. For Permascand, it is also part of the strategic plan for the development of a technology and innovation centre.

Green energy sources are crucial to reduce the amount of pollution and the global warming. One such energy source is green hydrogen, which is produced by electrolysis from renewable energy. And it has a high energy density (higher than many other fossil fuels in use today).

Permascand will hire an industrial doctoral student and the focus going forward is to find the right candidate for the assignment. The project starts in spring 2023 and the remaining funding comes from The Swedish Foundation for Strategic Research (SSF). SSF supports projects that are deemed to be strategically relevant and strengthen Sweden's competitiveness.

More information:
Cheaper hydrogen as researchers collaborate with industry (
Research (
Green hydrogen – Permascand

Cooperation and partnership lead to commercial energy supply

The successful co-development of the NORSCAND® electrolyser has now entered commercialization, as the first industrial electrochemical cells are shipped for use in lithium electrolysis demonstration-scale plants in the US and Europe. The cells make it possible to produce lithium hydroxide much more effectively through electrochemistry rather than the traditional method of a metathesis reaction between lithium carbonate and calcium hydroxide.

The collaborative partnership – started in 2013 between NORAM Electrolysis Systems Inc. (NESI) (Vancouver, Canada) and Permascand – resulted in the co-development of the NORSCAND® cell, a novel multi-compartment electrolysis cell specifically designed for salt-splitting of brines. The cell fills a critical gap in the renewable energy supply chains of the future – although Lithium Ion Batteries represent only one of the possible end-uses. The scalable production of lithium is crucial at a time when the world needs to switch from fosdsil fuels to electricity, given the central role played by lithium hydroxide  in the manufacturing of batteries for electric vehicles, mobile phones, and computers.

“We are very pleased with the electrochemical cell NORSCAND® and the cooperation with NESI,” says Peter Lundström, CEO at Permascand. “The result speaks for itself and fits very well into our strategy and sustainability goals.”

“NESI’s partnership with Permascand has enabled the joint development of a new family of electrochemical cells, the NORSCAND® cell, which are uniquely suited to lithium electrolysis” says Jeremy Moulson, VP at NESI. “The partnership between NESI and Permascand is a shining example of how corporations can come together, using their independent expertise, to help provide solutions for a more sustainable future.”

About NORAM Electrolysis Systems Inc.
NORAM Electrolysis Systems Inc. (NESI) is a privately held Vancouver, BC, Canada based electrolysis technology company. NESI focuses on the commercial implementation of lithium electrolysis for a variety of lithium brine feedstocks (sulphate, chloride, or carbonate). NESI is a wholly-owned subsidiary of NORAM Engineering and Constructors and part of the NORAM Group of Companies. NESI has an extensive electrochemical demo plant located at it’s R&D facility in Vancouver, Canada. For more information please visit: