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This has every opportunity of developing into significant business for Opcon. The customer indicates yearly sales for Opcon of some 10-40 million SEK already from 2013. This is yet another important step forward in developing our strategic activity in China. Our investment here is starting to bear fruit
Rolf Hasselström, President and CEO of Opcon AB
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Opcon signs MoU to divest its compressor and Waste Heat Recovery business to China for 400 m SEK Opcon签订谅解备忘录剥除其压缩机和废热回收业务以4亿瑞典克朗卖给中国

Opcon AB, the energy and environmental technology Group, has signed a binding Memorandum of Understanding to sell the lionpart of its Compressor technology and Waste Heat Recovery business, including the subsidiaries Svenska Rotor Maskiner AB, Opcon Energy Systems AB and the 48,9796% of the shares in its Chinese Joint Venture Fujian Opcon Energy Technology Co. Ltd., together with all compressor and Opcon Powerbox intellectual property. The MoU is subject to, among other things, due diligence as well as the negotiation and entry into definitive legal documentation, Share purchase agreement (“

Opcon: Signs final Contract with Snowman on establishment of Opcon Powerbox JV for China

·Equity of JV should amount to CNY 98 million (approx. SEK 114 m) ·Snowman invests CNY 50 million (approx. SEK 58 m) for 51,0204 % of shares ·Opcon to grant technology license to JV to a value of CNY 72 million (approx. SEK 83,5 m), giving Opcon; ·48,9796 % of shares in JV, equivalent of CNY 48 million (approx. SEK 55,6 m) ·CNY 24 million (approx. SEK 27,8 m) in royalties.Following the letter or intent signed in July 2014 and the agreement on main articles presented earlier this month, energy and environmental technology group Opcon AB (publ) has signed a

Opcon: Agrees on main articles with Snowman on establishment of Opcon Powerbox JV for China

·Equity of JV should amount to 98 million CNY (approx. 110 m SEK) ·Snowman invests 50 million CNY (approx. 56 m SEK) for 51 % of shares ·Opcon to grant technology license to JV to a value of 72 million RMB (approx. 81 m SEK), giving Opcon; ·49% of shares in JV, equivalent of 48 million CNY (approx. 54 m SEK) ·24 million CNY (approx. 27 m SEK) in royalties.Following the LOI signed in July 2014, Energy and environmental technology group Opcon AB (publ) has come to an agreement with its strategic partner Fujian Snowman Co. Ltd., Fuzhou, Fujian, China, on the

Opcon: Snowman of China orders two Opcon Powerbox

Energy and environmental technology group Opcon AB (publ) has received an order for its state-of the art Waste Heat Recovery technology Opcon Powerbox from its strategic partner Fujian Snowman Co. Ltd., Fuzhou, Fujian, China. The order is for one Opcon Powerbox ORC and one Opcon Powerbox WST to be delivered for operation in China. Opcon Powerbox produces carbon-free electricity from waste heat at temperatures as low as 55°C and can be installed in large process-industry plants, power stations or in its marine version onboard larger ships. By utilizing waste heat, electricity is produced

Opcon: Signs Letter of Intent with Snowman to establish Opcon Powerbox JV for China

Energy and environmental technology group Opcon AB (publ) has signed a Letter of Intent with its strategic partner Fujian Snowman Co. Ltd., Fuzhou, Fujian, China on the formation of a Joint Venture for the marketing, manufacturing and sales of Opcon’s Waste Heat Recovery technology, the Opcon Powerbox in China and parts of Southeast Asia. In order to develop the Chinese market and an industrialized manufacturing base for the Opcon Powerbox the parties’ intention is to form a joint venture that will be owned 51% by Snowman and 49% by Opcon. Opcon will grant a license for manufacturing,

Opcon: Signs MoU on directed rights issue of 30 m shares at 0,57 SEK/share to Chinese Snowman

· MoU to issue 30.000.000 shares at 0,57 SEK/share · Aim to strengthen strategic cooperation in order to get Opcon technology to the Chinese marketOpcon has signed a Memorandum of Understanding to carry out a directed rights issue of 30.000.000 new shares at a price of SEK 0.57 per share to Hong Kong Snowman Technology Ltd. a fully owned subsidiary of Fuijan Snowman Co. Ltd, Fuzhou, Fuijan, China. Ever since the summer 2011, the energy and environmental technology Group Opcon’s Center of Excellence for compressor technology, Svenska Rotor Maskiner (SRM), has built a closer cooperation

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-

Opcon: E.ON installs Opcon Powerbox

From district heating to Combined Heat and PowerOpcon AB, the energy and environmental technology Group has signed an agreement with E.ON Värme Sverige AB regarding the installation of Opcon’s new, steam-powered Opcon Powerbox WST-CU (Wet Steam Turbine – Condensing Unit) at E.ON’s district heating plant in Sollefteå, Sweden. At planned operations, the turbine is expected to generate over 4 GWh of renewable electricity per year out of steam from one of the heating plant’s two biomass-fired boilers. Apart from the turbine the Opcon Powerbox WST–CU model also comprises a condensing unit

Saxlund GmbH wins material handling order in Melsungen, Germany

Saxlund International GmbH, a subsidiary of Opcon, the energy and environmental technology Group, has been awarded the exterior material handling contract for the bioenergy power plant being built by Viessmann for Prolignis Energie Consulting GmbH Co.KG, Ingolstadt, Germany. The biomass-fueled power plant will produce electricity and steam to be used in sterilising of medical equipment manufactured by B.Braun in Melsungen. The scope includes the delivery of Saxlund’s solid and well-tested floor discharger systems, chain-, belt-, vibro- and ash conveyors as well as separation systems.

Official approval for marine application of Opcon Powerbox

–   opens up new opportunities for fuel savings and reduced emissions at seaOpcon, the energy and environmental technology Group, has received official approval from Lloyd’s Register for the first reference installation of the marine application of Opcon Powerbox, which generates electricity from waste heat. Both Opcon Powerbox ORC and Opcon Powerbox WST, and the first installation aboard the Wallenius vessel, M/V Figaro, has received official approval during the summer for use at sea. The first reference installation is expected to achieve fuel savings of 4-6%. The technology is

Opcon Powerbox – first order in Hungary

Opcon improves Russian-owned steel plant energy efficiency in Hungary – producing fuel free electricity from waste heat First order in a planned installation of five Opcon PowerboxesOpcon, the energy and environmental technology Group, has received its first order in Hungary for a steam-driven Opcon Powerbox WST that will produce fuel-free, carbon-free electricity from waste heat after installation at the Russian owned ISD Dunaferr steel plant in Dunaújváros, Hungary. Responsible for the installation is Opcon’s Hungarian partner Elco Group, a renowned engineering company that sells,

Opcon’s rights issue is oversubscribed

Opcon AB (publ) (hereafter referred to as “Opcon” or “the Company”) has completed the rights issue of shares with preferential rights for existing shareholders that was agreed at the Extra General Meeting on 6 October 2011. The rights issue was oversubscribed and the Company will raise around SEK 130 million before costs.During the period 17-31 October 2011 Opcon has performed a rights issue of shares with preferential rights for existing shareholders. Subscription rights were used to subscribe for 98.7% of the rights issue. In addition, another 18% were subscribed for without subscription

Opcon’s partner in Australia announces signing of Memorandums of Understanding

Enerji Ltd. (ERJ:ASX) of Australia, the customer, partner and part-owned subsidiary of Opcon AB, the energy and environmental technology Group, has announced in the past few days that it has signed memorandums of understanding (MoU) with two potential customers concerning assessment of the viability of installing Opcon Powerbox at the customers’ sites. Enerji has signed one of MoUs with Energy Developments Ltd. (EDL), a multinational company and Australia’s largest independent remote energy business in the 1 to 100 MW field. EDL operates power plants at 32 remote sites in Australia.

Swedish energy and environmental technology shortlisted in Sustainable Shipping Awards

•                     Up to 5-10% fuel savings with Opcon Powerbox Energy and environmental technology Group Opcon and its new marine adaptation of Opcon Powerbox have been shortlisted in the prestigious Sustainable Shipping Awards in the category Environmental Innovation of the Year. These awards recognise companies and individuals making great strides to shape and improve the environmental legacy of shipping. The final will be decided in London on 7 July 2011. For more information about the Awards see www.sustainableshipping.com. “This is an important acknowledgment. Just to be

Opcon’s partner in Australia wins first customer order

Enerji Ltd. (ERJ:ASX), the Australian partner of Opcon, the energy and environmental technology Group, announced today that it had completed its first power purchasing agreement for sales of electricity based on Opcon Powerbox technology. Agreement has been reached with Horizon Power, a State Government-owned power company in Western Australia, and follows the memorandum of understanding announced in October 2010. Opcon Powerbox will be installed at Horizon Power’s Carnarvon power station in the Gascoyne region of Western Australia. Greg Pennefeather, Managing Director of Enerji,

Opcon’s Australian partner Enerji Ltd secures $25 million bond finance facility

Opcon, the energy and environmental technology Group’s Australian partner and customer Enerji Ltd. (ERJ:ASX), today announced having secured a $ 25 million redeemable zero coupon convertible bond facility, subject to shareholder approval, to finance future installations of Opcon Powerbox units.  For further information, please see Enerji Ltd’s press release:http://www.asx.com.au/asxpdf/20101103/pdf/31tn10z4m0kh6z.pdf   The announcement follows shortly after Enerji having announced signing a Memorandum of Understanding with Horizon Power to install an Opcon Powerbox at its Carnarvon

Opcon and Alfa Laval examine possibilities for a joint company for Opcon Powerbox in the marine sector

Opcon, the energy and environmental technology Group, has signed a declaration of intent with Alfa Laval to investigate conditions for forming a joint company to serve the marine market. The basis for the collaboration is Opcon’s existing technology for recovering energy and saving fuel, which it is estimated could achieve fuel savings of 5-10 per cent onboard ships, together with Alfa Laval’s sales and distribution channels for marketing, sales and distribution of future products. “We are now taking an additional step forward in establishing our Opcon Powerbox technology in the marine

Opcon Powerbox to supply green electricity for Svenska Foder

Boxpower AB, a subsidiary of Opcon, the energy and environmental technology Group, today signed a framework agreement with Svenska Foder concerning Opcon Powerbox. In the first phase of the agreement a steam-driven Opcon Powerbox for production of green electricity and heat will be installed at Svenska Foder’s biopowered steam boiler in Hällekis. Svenska Foder has four plants in Sweden and is part of the Danish group, DLG, which is Europe’s third-largest producer of feed and grain with sales of around SEK 48 billion and business in 24 countries. Svenska Foder thereby becomes the first

Collaboration with PartnerTech for production of Opcon Powerbox

Opcon AB, the energy and environmental technology Group, has signed an agreement with contract manufacturer PartnerTech concerning production of Opcon Powerbox. The agreement will run for an initial three years and is an essential part of the industrialisation process that Opcon has initiated to speed up the switch to volume production of Opcon Powerbox. Adaptation of production has already begun and initial deliveries of Opcon Powerbox from PartnerTech will take place during the second half of 2010. Opcon will produce the core components of Opcon Powerbox itself and has invested around SEK

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