OUTOTEC OYJ STOCK EXCHANGE RELEASE, MAY 30, 2008 AT 10.00 AM
Outotec's sulfuric acid technology to Venezuela
Outotec has agreed with Petroquímica de Venezuela S.A. (Pequiven) for the delivery of engineering and imported equipment for a new sulfuric acid plant to be built in Morón, Venezuela. The value of the contract is approximately EUR 90 million.
Outotec has provided the concept and basic engineering for Pequiven for the same project in 2007. In this second phase Outotec's scope of delivery covers engineering and supply of imported equipment.
The plant is designed to produce 3,000 tonnes per day of sulfuric acid for Pequiven's phosphate-based fertilizer production. The start-up of the plant is scheduled to begin in the first quarter of 2010.
"This contract demonstrates our capability to apply our technologies beyond the mining and metallurgical industry in other process industries, such as fertilizer industry. We have been a major designer and supplier of sulfuric acid plants for more than 80 years, with a track record of over 600 plants installed worldwide. This new contract will further strengthen our market leadership", says Tapani Järvinen, President and CEO of Outotec.
For further information please contact:
Peter Weber, President - Metals Processing division
tel. +49 6171 9693 165
Eila Paatela, Vice President - Corporate Communications
tel. +358 20 529 2004, +358 400 817 198
OMX Nordic Exchange Helsinki