PÖYRY PLC Press release 29 October 2015 at 3:00 p.m. (EET)
Pöyry awarded EPC assignment for tall oil plant at Metsä Group's bioproduct mill
Metsä Fibre has awarded Pöyry with an EPC agreement to deliver a tall oil plant for a bioproduct mill being built in Äänekoski, Finland. The assignment covers the total delivery of a tall oil plant, consisting of the design, procurement and delivery of main and auxiliary equipment. The approximately two-year project has started in October 2015.
The tall oil plant is the largest single-line plant delivered by Pöyry, with a capacity of 10 t/h of tall oil. The plant is based on Pöyry's patented HDS® technology. Pöyry has delivered more than 20 plants based on the same technology in Europe, China, the United States and Canada, with two projects currently in progress in Finland. The plant combines high yields and usability with low operating costs. It produces a high-quality crude tall oil which, after processing, can be used in various applications.
"The crude tall oil is an important product in the bioproduct mill. We have good experiences of HDS® technology in other Metsä Fibre mills and we believe that we can maximise the tall oil production in a cost effective way with the solution chosen," says Timo Merikallio, director of the bioproduct mill project. Metsä Fibre is a part of the Metsä Group.
"We are proud that Metsä Fibre selected Pöyry as the tall oil plant supplier for its next-generation bioproduct mill. This shows the trust in Pöyry's ability to tailor its technology according to customers' requirements," says Ilkka Heikkilä, regional director of Pöyry's Energy business group in Finland.
The value of the assignment will not be disclosed. The order will be recognised within the Energy business group's order stock for Q4 in 2015.
Additional information from:
Regional director, Energy business group, Finland
Tel. +358 1033 24268
President, Energy business group
Tel. +358 1033 49018
Pöyry is an international consulting and engineering company. We serve clients globally across the energy and industrial sectors and provide local services in our core markets. We deliver management consulting and engineering services, underpinned by strong project implementation capability and expertise. Our focus sectors are power generation, transmission & distribution, forest industry, chemicals & biorefining, mining & metals, transportation and water. Pöyry has an extensive local office network employing about 6,000 experts. Pöyry's net sales in 2014 were EUR 571 million and the company's shares are quoted on NASDAQ OMX Helsinki (Pöyry PLC: POY1V).
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Pöyry Oyj via Globenewswire
Source: Thomson Reuters ONE
(October 29, 2015 - 9:00 AM EDT)
News by QuoteMedia