September 1, 2016 - 3:00 AM EDT
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Wärtsilä to supply LNG satellite terminal to Raahe, Finland

Wärtsilä Corporation, Press release, 1 September 2016 at 10 am EET

Wärtsilä has signed a turnkey contract to supply a liquefied natural gas (LNG) receiving terminal to be built in Raahe, Finland. An EPCI (engineering, procurement, construction and installation) contract has been signed with energy company, Raahen Voima. The scope includes two LNG vacuum insulated storage tanks with a combined net volume of 1400 m3, an LNG regasification system, truck loading and unloading functions, and all required civil structures. The LNG terminal is scheduled to be operational in April 2018. The LNG will be supplied to Raahe by trucks from Wärtsilä's first LNG terminal installation, the Tornio Manga facility in Finnish Lapland. 

The main user for the natural gas from the terminal will be the SSAB Raahe steel mill. By using LNG to generate power and heat to the mill, SSAB will be able to move to cleaner energy production. As a result of switching to LNG, the steel mill will notably reduce its CO2, NOx and SOx footprint.

"We wanted a modern LNG-terminal that utilizes reliable technology. Wärtsilä's technology fits our need and they have experience as an EPC provider," says Pekka Inkala, CEO, Raahen Voima.

"We are excited to be chosen as the EPC contractor for this LNG project. LNG not only provides a reliable source of fuel, but also allows customers to produce their products with a smaller impact on the environment," says Timo Mahlanen, Senior Business Development Manager, Wärtsilä Energy Solutions.

Image: illustration of the Raahe LNG terminal

For further information, please contact:

Timo Mahlanen
Senior Business Development Manager
Wärtsilä Energy Solutions
Tel: +358 40 500 0536
[email protected]    

Jukka-Pekka Niemi
General Manager, Marketing
Wärtsilä Energy Solutions
Tel: +358 50 465 2805
[email protected]

Wärtsilä Energy Solutions in brief
Wärtsilä Energy Solutions is a leading global supplier of ultra-flexible power plants of up to 600 MW operating on various gaseous and liquid fuels. Our portfolio includes unique solutions for baseload, peaking, reserve and load-following power generation, as well as for balancing intermittent renewable energy. Wärtsilä Energy Solutions also provides utility-scale solar PV power plants, as well as LNG terminals and distribution systems. As of 2016, Wärtsilä has 60 GW of installed power plant capacity in 176 countries around the world.
www.smartpowergeneration.com

Wärtsilä in brief
Wärtsilä is a global leader in advanced technologies and complete lifecycle solutions for the marine and energy markets. By emphasising sustainable innovation and total efficiency, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers.
In 2015, Wärtsilä's net sales totalled EUR 5 billion with approximately 18,800 employees. The company has operations in over 200 locations in more than 70 countries around the world. Wärtsilä is listed on Nasdaq Helsinki.
www.wartsila.com





This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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: Wärtsilä Oyj Abp via Globenewswire


Source: Thomson Reuters ONE (September 1, 2016 - 3:00 AM EDT)

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