Swedish Stirling AB signs exclusivity agreement with Glencore (South Africa)
Swedish Stirling AB (“Swedish Stirling”) has signed an exclusivity agreement with Glencore Operations South Africa Proprietary Limited (Alloys Division) (“Glencore”). The agreement gives Swedish Stirling exclusivity to negotiate an installation of initially up to 25 PWR BLOK 400-F to a 9.9 MW power generation facility which, at completion, is estimated to generate annual revenue of MSEK 40 (3.75 MEUR).On 1 October 2018, Swedish Stirling announced that Swedish Stirling had signed a letter of intent (LOI) with one of South Africa’s largest ferrochrome producers. On 30 March 2019, Swedish