Kvaerner Power is to deliver a power boiler using bubbling fluidized bed (BFB) technology to a power plant at UPM's Rauma paper mill on the west coast of Finland. The power plant will be built by the new company Rauman Voima Oy which is owned by Pohjolan Voima Oy and Rauman Energia Oy. UPM is a substantial shareholder of Pohjolan Voima.

The new power plant will produce electricity, steam for the paper mill and district heat for Rauma city.

The boiler supplied by Kvaerner Power has a thermal capacity of 107 megawatt (MW) and it will burn bark, forest residue, peat, sludge and small amount of recycled fuel. The modern BFB technology fulfils the co-combustion emission requirements and the use of biofuels reduces the CO2 emissions to the atmosphere.

The boiler will be ready at the end of 2006 and it will operate in parallel with a 160 MWth circulating fluidized bed (CFB) boiler delivered by Kvaerner Power in 1996. The new boiler will replace a coal-fired boiler from the 1960's, which was also supplied by Kvaerner Power.

UPM and Pohjolan Voima have chosen Kvaerner Power as its technology provider several times during the last years and Kvaerner Power has supplied fluidized bed boilers which range from 70 to 550 MWth including the world's largest biofuel-fired BFB and CFB boilers.

FACTS

Kvaerner Power's BFB technology for demanding biofuels
Kvaerner Power is a forerunner and an expert in bubbling fluidized bed (BFB) boilers for power generation from biomass and recycled fuel with steam capacity ranging from 20 to 300 MWth. Kvaerner Power's HYBEX® boilers using BFB technology, are suitable for wide range of fuel moisture from thermally dried bark to high moisture forest residue.

 

Lasse Torkildsen, VP Investor Relations, Group Communications, Aker Kvaerner Group.
Tel +47 67 51 30 39 or +47 911 37 194.

Terttu Tuominen, Communications Manager, Kvaerner Power.
Tel +358 20 141 2440 or +46 40 501 1415.

AKER KVÆRNER ASA, through its subsidiaries and affiliates ("Aker Kvaerner"), is a leading global provider of engineering and construction services, technology products and integrated solutions. The business within Aker Kvaerner span a number of industries, including Oil & Gas production, Refining & Chemicals, Mining & Metals, Pharmaceuticals & Biotechnology, Power Generation and Pulp & Paper. Aker Kvaerner has aggregated annual revenues of approximately USD 4.5 billion and employs around 22,000 employees in more than 30 countries. The Aker Kvaerner group consists of a number of separate legal entities. Aker Kvaerner is used as the common brand/trademark for most of these entities. The parent company in the group is Aker Kværner ASA.

 

Kvaerner Power is a pioneer in large scale fluidized bed combustion for pulp and paper industry and power producers. Approximately 200 power boilers in operation testify to the expertise in fluidized bed technology with demanding fuels. Kvaerner Power is also the leading chemical recovery equipment supplier in the world with its 300 recovery boilers and 300 evaporation unit deliveries. Kvaerner Power has designed and manufactured the world's largest recovery units and biomass-fired fluidized bed boilers. Kvaerner Power with main operations in Finland, Sweden, USA and Brazil has annual revenues of approximately EUR 350 million and it employs 1400 people worldwide.  

This press release may include forward-looking information or statements and is subject to our disclaimer, see our web-pages www.akerkvaerner.com