OUTOTEC OYJ STOCK EXCHANGE RELEASE, JULY 26, 2007 AT 12.30 PM
Outotec has agreed with Dubai Aluminium Company Limited of Dubai and Mubadala Development Company PJSC of Abu Dhabi for the supply of a new green anode plant and spent anode crushing facility for their aluminum smelter located in Abu Dhabi. The contract value is approximately EUR 100 million.
Outotec's scope of delivery covers the engineering, supply and installation of a new green anode plant including two anode production lines, a crushing plant for spent anodes and ancillary facilities.
The new plant will use innovative Regenerative Thermal Oxidization technology for efficient pitch fume treatment. The plant is designed for the annual production of 500,000 tonnes of green anodes and the commissioning of the first production line is scheduled for June 2009.
"Aluminum consumption is growing fast and our customers are expecting it to double by 2020. Therefore, aluminum industry is continuously investing in new capacity. The Middle East is attracting aluminum producers because the region offers competitively priced energy for the needs of highly energy-intensive aluminum production. Thanks to our broad technology portfolio, the Middle East offers a lot of possibilities for Outotec and we see many new aluminum and other prospects in the area", says Tapani Järvinen, President and CEO of Outotec.
For further information please contact:
Seppo Rantakari, Deputy CEO
tel. +358 40 500 6526
Eila Paatela, Vice President - Corporate Communications
tel. +358 20 529 2004, mobile +358 400 817198
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