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Aker Kvaerner wins recovery boiler contract in Chile

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Kvaerner Power will supply a large RECOX(TM) recovery boiler to Celulosa Arauco y Constitución S.A.'s greenfield pulp mill in Itata, Central Chile. The recovery boiler will be completed by the end of 2005. The Itata mill will produce market pulp from eucalyptus and pine.


Celulosa Arauco y Constitución, the biggest pulp producer in Chile with three mills in Chile and one in Argentina, has chosen Kvaerner Power as its boiler supplier four times during the last 24 months.


For the first phase of Arauco's Itata mill Kvaerner Power is supplying a HYBEX® power boiler to be installed during 2004.


For Arauco's new pulp mill in Valdivia, southern Chile, Kvaerner Power has earlier supplied two boilers and other pulp mill equipment. The pulp mill is scheduled to start up in January 2004.


The new Itata mill's recovery boiler supply involves the joint resources of Kvaerner Power's units in Finland, Sweden and the USA.


ENDS
For further information, please contact:
Media:
Geir Arne Drangeid, SVP Group Communications, Aker Kvaerner. Tel: +47 913 10 458


Terttu Tuominen, Communications Manager, Kvaerner Power, Tampere, Finland: Tel : +358 (0)20 141 2440 or +358 (0)40 501 1415


Investor relations:
Tore Langballe, Vice President Investor Relations, Aker Kvaerner. Tel: +47 67 51 31 06
Aker Kværner ASA
 is through its subsidiaries and affiliates ("Aker Kvaerner") a leading global provider of engineering and construction services, technology products and integrated solutions. The business within Aker Kvaerner spans a number of industries, including Oil & Gas production, Refining & Chemicals, Pharmaceuticals & Biotechnology, Mining & Metals, Power, Pulping and Shipbuilding. Aker Kvaerner has aggregated annual revenues of approximately USD 6 billion and employs around 29,000 employees in more than 30 countries.
E&C Europe
 specialises in the provision of process technology, engineering studies (including bankable feasibility and environmental studies), total project management, engineering and design, procurement, construction, commissioning and maintenance services. With nearly 5,000 people based largely from Europe, E&C serves a number of industrial sectors: refining and petrochemicals, pharmaceuticals & biotechnology, onshore oil & gas, power generation, chemical pulping, nuclear, water, and mining and metals.


Kvaerner Power
 is the leading chemical recovery equipment supplier in the world with its 300 recovery boilers and 300 evaporation unit deliveries. With the trend towards bigger pulp mills, recovery boiler capacities have increased in the past forty years. Kvaerner Power has designed and manufactured the world's largest recovery units. Kvaerner Power is also a pioneer in large scale fluidized bed combustion for pulp and paper industry and power producers. Approximately 200 boilers in operation testify to the expertise in fluidized bed technology with demanding fuels.

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power generation

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