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Outotec inks bio energy power JV with Skelleftea Kraft

Steel News - Published on Sun, 15 Feb 2009

Outotec and Skellefteå Kraft AB have agreed to establish a JV company called GreenExergy AB, which will focus on the development, marketing and delivery of technologies to bio energy power plants for the production of bio energy from forestry and sawmill residues.

Outotec\'s stake will be 45%, Skellefteå Kraft\'s 33% and three Swedish companies will each have a minor stake in the JV. The new company is expected to start operation in the first half of 2009 in Sweden. The joint venture partners estimate that the market potential for the bio energy technology in Scandinavia and Western Europe is a few hundred million euros and that it will increase markedly in future.

The bio energy technology of GreenExergy will complement Outotec\'s existing energy related competences in coal charring, gasification and combustion, oil shale pyrolysis, roasting of sulfidic ores and off gas cleaning. Outotec maximizes the energy efficiency in all its processes that operate at elevated temperatures by using the off-gas heat in other plant areas as an energy source. This reduces the carbon dioxide emissions of the plants using Outotec\'s technology.

Mr Tapani Järvinen CEO of Outotec said that \"This JV supports Outotec\'s growth strategy, brings significant synergy benefits and complements our know how of sustainable energy production technologies. We are looking for opportunities to expand our business outside the mining and metals industry to other process industries. Energy and environmental technologies are areas close to our expertise and we see big business potential there.\"

Posted By : admin on Sun, 15 Feb 2009
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