PX Group

Name

PX Group

Legal name

px Limited

Website

https://pxlimited.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

251–500 employees

Short description

PX Group is a private, PE-backed owner-operator that runs 26 strategic energy, chemicals, and industrial assets across the UK, Europe, and North America for blue-chip customers. Its integrated platform combines operations and maintenance, engineering, energy transition, and procurement services around flagship Saltend Chemicals Park.

Ownership category

akta.pro rank

Product category

Industrial Asset Management Services

NAICS

Management of Companies and Enterprises (551), Mining and Oil and Gas Field Machinery Manufacturing (33313)

SIC

Misc Industrial & Commercial Machinery & Equipment (3590), Industrial Instruments For Measurement, Display, And Control (3823), Oil & Gas Field Machinery & Equipment (3533)

akta.pro primary industry

Asset & Lifecycle Management (CapEx Planning, Reliability) (BPABAAAI)

akta.pro secondary industry

Safety, Monitoring & Compliance for PtX Storage (Leak Detection, Hazard Mgmt, Standards) (EUAFAFAJ)

Keywords

• Industrial asset management
• Operations and maintenance services
• Energy transition solutions
• Chemical park operations
• Engineering consultancy services

Headquarters

HQ city

Stockton-on-tees

HQ country

United Kingdom

HQ region

Europe

Offices12 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Operations and Maintenance Contracts: Long-term O&M contracts managing complex energy and industrial assets on behalf of customers, providing recurring revenue from facility management, safety compliance, and operational excellence services.
2. Engineering and Project Services: Specialist engineering services for asset development, modification, and optimisation across gas processing, hydrogen, and SAF infrastructure projects.
3. Energy Transition Solutions: Delivery of energy solutions including green hydrogen production, biomass, and sustainable aviation fuel as part of the energy transition strategy, creating new revenue streams from emerging clean energy markets.
4. Procurement Services: Integrated procurement services for industrial operations, providing supply chain management and procurement expertise as part of integrated asset management contracts.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

PX Group is a fully integrated infrastructure solutions business that operates, manages, and maintains complex energy and industrial assets on behalf of blue-chip clients. Its service portfolio includes Operations & Maintenance (O&M), Engineering Projects & Consultancy, Energy Solutions (decarbonisation and optimisation), Procurement, and ownership/operation of the flagship Saltend Chemicals Park. The company also delivers specialist capabilities in hydrogen engineering (via LIFTE H2) and materials handling (via px fairport).

Product overview

PX Group operates as an integrated industrial services company offering a portfolio of interconnected services centered around operations and maintenance of energy-intensive industrial facilities. The core offering is Operations & Maintenance (O&M) services, which is complemented by px Engineering (including acquired brand LIFTE H2 for hydrogen engineering and px Fairport for materials handling), Energy Solutions (covering decarbonization, optimization, and energy supply), and Procurement services. The company also owns and operates the Saltend Chemicals Park, a major industrial facility providing integrated infrastructure to multiple tenants. This platform-plus-services model allows PX Group to deliver comprehensive asset management from engineering design through to ongoing operations and energy optimization.

Differentiator

Problem solved

Functional benefit

Brands

• px Energy Solutions: Energy as a service, decarbonization, optimization, and energy supply & offtake services
• px fairport
• px Engineering
• px Americas

Products and services

• Operations & Maintenance Comprehensive operations and maintenance services for industrial facilities, including asset management, performance optimisation, safety compliance, and operational excellence programs delivered to enterprise energy and chemical clients under long-term contracts.
• Engineering, Projects and Consultancy (px Engineering) Engineering services covering project design, construction management, and technical consultancy for industrial and energy transition projects, including offices in Teesside, Humber, North West and Stavanger.
• Saltend Chemicals Park A large-scale industrial park owned and operated by px Group on the bank of the River Humber, providing integrated infrastructure for chemical and energy companies with shared utilities, logistics, and services. Produces approximately 2 million tonnes of chemicals annually and employs over 1,000 people.
• Energy Solutions (px Energy Solutions) Integrated energy services including energy optimisation, decarbonisation consulting, energy supply and offtake arrangements, and energy-as-a-service offerings for industrial clients seeking net-zero pathways.
• Procurement Strategic procurement services providing sourcing, supplier management, and supply chain optimisation for industrial and energy sector clients, delivered as part of integrated asset management contracts.
• px Fairport Materials handling and plant process specialist offering engineering and operational services for bulk materials handling, storage, and logistics across mining, quarrying, cement, biomass, alternative fuels, waste-to-energy and food sectors.
• LIFTE H2 Hydrogen engineering specialist providing design, engineering, and project delivery services for hydrogen production, storage, and distribution infrastructure to support decarbonisation of customer operations across Europe.

Quantifiable outcome

• 29 consecutive ROSPA Gold Awards for health and safety
• +3 more outcomes

Named customers10 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core and flagship.

• LIFTE H2coreStrategic or Co-development Partner · 1 April 2024PX Group acquired LIFTE H2, a hydrogen engineering specialist company, in April 2024. This acquisition significantly enhances PX Group's proprietary hydrogen engineering capabilities, adding specialist expertise in hydrogen infrastructure development to support the company's energy transition strategy. The acquisition aligns with PX Group's growth ambitions in the hydrogen sector.
• HYDS (Hydrogen Solutions)coreStrategic or Co-development PartnerHYDS is a Norwegian company specialising in green hydrogen production plants. The partnership enables PX Group to offer green hydrogen production plant design and delivery capabilities, combining HYDS's Norwegian hydrogen expertise with PX Group's UK and European asset operations platform. This partnership is central to PX Group's energy transition strategy and decarbonisation solutions.
• Associated British Ports (ABP)coreStrategic or Co-development PartnerAssociated British Ports (ABP) is the UK's largest ports operator. PX Group has partnered with ABP for the development of the Port of Barry Clean Growth Hub. This strategic partnership combines ABP's port infrastructure capabilities with PX Group's specialist asset operations expertise to create industrial decarbonisation and clean growth opportunities at the Port of Barry.
• EquinorflagshipStrategic or Co-development PartnerEquinor is the operator of the H2H Saltend project at the Saltend Chemicals Park, where PX Group is the site operator and asset manager. This is PX Group's flagship hydrogen partnership, involving the development of a large-scale blue hydrogen production facility as part of the UK's East Coast Cluster for carbon capture and hydrogen. PX Group's role as site operator is central to the project's delivery.

Scale indicators6 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Petrofac: Integrated energy services and O&M provider for oil & gas, refining, and petrochemical assets with established North Sea and Middle East operations. Comparable through long-term operations contracts and energy transition project development.
• Bilfinger: Europe-based industrial services group providing operations, maintenance, and engineering across energy, chemicals, and process industries. Closest listed comp to PX Group's owner-operator model serving blue-chip process industry clients across multiple European geographies.
• Worley: Global energy, chemicals, and resources project services and O&M provider. Comparable through its energy transition advisory, hydrogen and SAF project delivery, and long-term operations contracts with major oil & gas and chemical operators.
• Stork (Acuren): Industrial asset integrity, maintenance, and modification services primarily in oil & gas, chemicals, and power. Directly overlaps with PX Group's high-hazard asset operations and asset integrity service lines in the UK and Northwest Europe.

Others

• Air Products (hydrogen/megaproject): Global industrial gases and hydrogen mega-project developer. Less of a direct O&M competitor and more of a customer/partner archetype in the build-out of UK hydrogen infrastructure that PX Group's LIFTE H2 and HYDS partnership supports.
• Equinor (asset services arm): Lead partner on the flagship H2H Saltend blue hydrogen project and historic FTSE 100 operator contracting PX Group for asset operations. Important counterparty/partner rather than peer, but representative of the type of integrated energy major that increasingly outsources operations to specialists like PX Group.
• INEOS Energy / INEOS Upstream Services: Major PX Group customer and partner in chemicals and energy. While not a direct competitor, INEOS Upstream Services (former employer of CEO Geoff Holmes) and related INEOS operating businesses sit at the customer side of PX Group's specialist asset operations proposition.

Broad incumbents

• KBR Sustainable Technology Solutions: Global engineering, procurement, and government services firm with energy transition projects (hydrogen, ammonia, SAF). Comparable to PX Group's hydrogen engineering build-out via LIFTE H2 and expansion into energy transition EPC.
• Sulzer: Global industrial engineering and services company with a strong service business supporting pumps, rotating equipment, and process machinery in chemical, energy, and power customers. Adjacent to PX Group's engineering and rotating-equipment maintenance capabilities.
• Veolia UK Industrial Solutions: Large industrial services and environmental solutions group with significant UK footprint including chemicals park, utilities, and waste/waste-to-energy services. Overlaps with PX Group's Saltend-style multi-tenant industrial site management and energy transition offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xtwitter.com/grouppx
• LinkedInlinkedin.com/company/px-limited
• Instagraminstagram.com/pxgroup2002

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PX Group