"These contracts with strategic customers are again recognizing Kvaerner Power as a significant supplier of boilers to both the pulp and paper and the power generation market segments," says Lennart Ohlsson, president of Kvaerner Power.

"Kvaerner Power has acquired a strong position in the North American power generation market. These new circulating fluidized bed (CFB) boiler orders for Archer Daniels Midland Company (ADM), and our previous power boiler order for Manitowoc Public Utilities in the USA, are continuations of our track record of 25 successful coal-fired boiler plant references during the last decades in the USA."

"The new orders for the pulp mills of CMPC Celulosa S.A. in Chile strengthen our position as a major boiler supplier for the pulp and paper industry in South America, where pulp producing capacity lately has increased significantly," Mr Ohlsson adds. 

Kvaerner Power will supply three CYMIC® boilers using CFB technology to combust coal to ADM in Clinton, Iowa, USA.  The boilers will be ready for start-up in 2008.

ADM is a global agricultural company processing corn, oil seeds, wheat and cocoa with more than 260 processing plants, and has chosen Kvaerner Power as its technology provider several times. Since 1980, Kvaerner Power has supplied 14 coal-fired CFB boilers for ADM's different industrial locations.

The international pulp producer CMPC, a subsidiary of Empresas CMPC S.A. in Chile, has ordered a HYBEX® boiler to its kraft pulp mill in Pacifico in Central Chile. The boiler will use bubbling fluidized bed (BFB) technology and has a thermal capacity of 75 MW. The boiler will burn biomass fuels like bark and saw dust, and it will be ready for start-up in autumn 2006. In addition to the HYBEX® boiler order, CMPC also ordered for its Santa Fe pulp mill a capacity increase for the existing power boiler (62 MWth) which was supplied by Kvaerner Power in 1997. The boiler modernization will be completed at the end of 2005.

ENDS

Media:
Torbjorn Andersen, Senior Vice President, Group Communications, Aker Kvaerner Group. Direct line: +47 6751 3036, Mobile tel: +47 928 85 542.

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

Investor relations:
Lasse Torkildsen, VP Investor Relations, Aker Kværner ASA, Tel: +47 67 51 30 39

 

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 spans 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 21,000 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 Kvaerner ASA.

 

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&CEurope 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 a pioneer in large-scale fluidized bed combustion for the pulp and paper industry and power producers. Approximately 200 boilers in operation testify to the company's expertise in fluidized bed technology using demanding fuels. Kvaerner Power is also the leading chemical recovery equipment supplier in the world with its supply and installation of some 300 recovery boilers and 300 evaporation units. Kvaerner Power has designed and manufactured the world's largest biomass-fired fluidized bed boilers and recovery units. Kvaerner Power has annual revenues of approximately EUR 350 million and it employs 1300 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