Opcon deepens cooperation with MAN Diesel & Turbo

Opcon AB, the energy and environmental technology Group, has signed an agreement for the continuation, development and deepening of the ongoing co-operation with MAN Diesel & Turbo SE.

With the experiences from the two first Opcon Powerbox reference installations, now in operation with a two-stroke MAN B&W 8S60ME-C8 engine aboard a vessel owned by Wallenius, Opcon and MAN Diesel & Turbo have agreed to deepen their co-operation. The agreement is a next step in the co-operation that the parties embarked on in 2011 and aim to exploit the possibilities arising from the merging of Opcon’s waste-heat-recovery (WHR) technology, ‘Opcon Powerbox’ with MAN Diesel & Turbo’s market-leading diesel engines for cutting fuel consumption and reducing emissions.

“With MAN Diesel & Turbo’s experience, expertise and presence in the marine sector, we are very happy to be able to take our co-operation yet another step. With high fuel prices and tougher environmental standards boosting sales of more expensive low-sulphur fuel, we see large opportunities for our energy-efficient waste heat recovery technology going forward“, says Rolf Hasselström, President and CEO of Opcon.

”Our co-operation with Opcon on the development of new technology to optimise the utilisation of waste heat on two-stroke low speed MAN B&W engines fits perfectly with our innovative approach to green technology. This approach has so far resulted in the development of our extremely fuel efficient G-engine series as well as the state-of-the-art ME-GI and ME-LGI engines, which can run on greener fuels such as natural gas, LPG and methanol”, says Niels B Clausen, head of Engine and System Application, MAN Diesel & Turbo.

Waste-heat recovery is currently considered one of the most promising avenues within the shipping sector for reducing fuel consumption and CO2 emissions by increasing energy efficiency.

A part of Opcon’s focus on Waste to Value, Opcon Powerbox is Opcon’s proprietary product for production of carbon-free electricity using primarily waste and surplus heat starting at temperatures of 55° C. Opcon Powerbox can be installed at plants in the process industry, power plants and on large diesel engines both at land and on sea. Opcon Powerbox is available in several sizes and configurations both for hot water and wet steam and can produce up to 6,000 MWh per year.

For further information, please contact

Niklas Johansson, vice president, Investor Relations, Opcon AB, tel. 46 8-466 45 00, 46-70-592 54 53

Opcon AB, Box 15085, 104 65 Stockholm, Sweden
Tel. 46 8-466 45 00, fax 46 8-716 76 61
e-mail: info@Opcon.se

www.Opcon.se

About Opcon

Opcon is an energy and environmental technology Group that develops, produces and markets systems and products for eco-friendly, efficient and resource-effective use of energy.

Opcon has activities in Sweden, Germany and the UK. There are around 150 employees. The company’s shares are listed on Nasdaq OMX Stockholm. The Group comprises one business area:

Renewable Energy focuses on the following areas: electricity generation based on waste heat, bioenergy-powered heating and CHP plants, pellets plants, handling systems for biomass, sludge and natural gas, industrial cooling, flue gas condensation, treatment of flue gases and air systems for fuel cells.’

About MAN Diesel & Turbo

MAN Diesel & Turbo SE, based in Augsburg, Germany, is the world’s leading provider of large-bore diesel engines and turbomachinery for marine and stationary applications. It designs two-stroke and four-stroke engines that are manufactured both by the company and by its licensees. The engines have power outputs ranging from 450 kW to 87 MW. MAN Diesel & Turbo also designs and manufactures gas turbines of up to 50 MW, steam turbines of up to 150 MW and compressors with volume flows of up to 1.5 million m³/h and pressures of up to 1,000 bar. The product range is rounded off by turbochargers, CP propellers, gas engines and chemical reactors. MAN Diesel & Turbo’s range of goods includes complete marine propulsion systems, turbomachinery units for the oil & gas as well as the process industries and turnkey power plants. Customers receive worldwide after-sales services marketed under the MAN PrimeServ brand. The company employs around 14,000 staff at more than 100 international sites, primarily in Germany, Denmark, France, Switzerland, the Czech Republic, India and China. MAN Diesel & Turbo is a company of the Power Engineering business area of MAN SE.

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