Atlas Copco receives large compressor order from fuel gas booster market

Stockholm, Sweden, November 28, 2005: Atlas Copco has received a large order from Hyundai Engineering and Construction Co. Ltd, Korea, for specialized compressors, further improving its position in the fuel gas booster market. The overall order value is more than MSEK 95 (MUSD 12).

The two-stage centrifugal gas compressors will be used as fuel gas booster compressors for power generation, by boosting pipeline gas pressure to the level required by the gas turbine. Hyundai’s customer will use the system to generate electricity for the city of Dubai in the United Arab Emirates. “Our experience, reliability, and the cost-effectiveness of our solution were the key factors in winning this substantial contract from Hyundai,” says Bengt Kvarnbäck, Business Area President, Atlas Copco Compressor Technique. “Importantly, this project puts Atlas Copco in an excellent position in the future fuel gas booster market.” The order marks the second part of a multi-phase project: Atlas Copco also won an order for fuel gas booster compressors in phase one. The generated power for this phase is 1 200 MW. This latest contract further strengthens Atlas Copco Comptec’s long-standing relationship with Hyundai. While this is the first joint project in the fuel gas booster market, Atlas Copco has supplied machines to Hyundai for other applications in the past. Atlas Copco Comptec in the United States, part of Atlas Copco’s Gas and Process division, won the contract. Delivery of the first compressors is scheduled to begin in July 2006.