OUTOTEC OYJ PRESS RELEASE, DECEMBER 21, 2010 AT 1.00 PM
Outotec to deliver technology to Ma'aden Aluminium Project in Saudi Arabia
Outotec and Hatch, an unincorporated Joint Venture, have been awarded a contract by the Ma'aden and Alcoa JV to provide an Integrated Digestion and Evaporation Facility to what will be the lowest cost aluminium complex in the world - the Ma'aden Aluminium Project in Ras Az Zawr, Saudi Arabia. The Outotec-Hatch overall contract value is approximately EUR 50 million, with roughly equal share of the work between Outotec and Hatch.
The delivery of the Integrated Digestion and Evaporation Facility includes a technology license, detailed engineering, procurement support and construction support services. Outotec and Hatch have jointly developed and own the tube digestion and integrated evaporation technologies to be installed at the Ras Az Zawr alumina refinery. This refinery will have an initial annual capacity of 1,800,000 tonnes alumina, with first production expected in 2014.
The Ma'aden Aluminium Project comprises a fully integrated greenfield complex with bauxite mine, alumina refinery, aluminium smelter and can sheet rolling mill. It will contribute to the development of a world-class aluminium industry in the Kingdom of Saudi Arabia and is designed with the potential for future expansion.
"We are delighted that Ma'aden Aluminium Project chose the unique Outotec-Hatch alumina digestion and evaporation technology for this facility which will be one of the most technologically advanced aluminium complex in the world and utilize low-cost and clean power generation. As our core business is the development of sustainable solutions for our planet, we are very proud to be involved in this project", says Outotec CEO Pertti Korhonen.
For further information please contact:
Peter Weber, President - Energy, Light Metals and Environmental Solutions
tel. +49 6171 9693165
Eila Paatela, Director - Corporate Communications
tel. +358 20 529 2004, +358 400 817 198