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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: has received 15% of purchase price for sale of compressor and Waste Heat Recovery business

Opcon, the energy and environmental technology Group, has in accordance with the share purchase agreement concerning the sale of the Group’s business in compressor technology and Waste Heat Recovery to the Chinese investment fund, received 15% of the purchase price. The purchase price is set at SEK 400 million. According to the agreement 15%, SEK 60 million, should be paid in cash within 20 working days from the agreement coming into effect. The agreement came into effect on the 24th of July following approval by the investment committee of the investment company that controls the buyer

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 performs directed issue of 4,385,965 shares at SEK 0.57 per share

As authorized by the annual general meeting of shareholders, Opcon’s Board has decided to carry out a directed share issue of 4,385,965 new shares at a price of SEK 0.57 per share. The shares are issued for GEM Global Yield Fund Ltd. After the registration of the new shares in this issue and the issue of 30 m shares to Snowman conducted at the same time, the total number of issued shares in Opcon Aktiebolag (publ) will amount to 378,800,110.In 2011 Opcon AB signed an agreement with GEM Investment Advisers, Inc. and GEM Global Yield Fund Ltd. concerning an equity line financing facility

Opcon: Issues 30 m shares at 0,57 SEK/share in directed issue to Chinese Snowman

As authorized by the annual general meeting of shareholders, Opcon’s Board has decided to issue the 30,000,000 new shares at a price of SEK 0.57 per share to Hong Kong Snowman Technology Ltd. The decision follow on the earlier decision to direct a total of 30,000,000 new shares at a price of SEK 0.57 to Hong Kong Snowman Technology Ltd. a wholly owned subsidiary to Fuijan Snowman, Co. Ltd., Fuzhou, Fuijan, China. After registration of the 30.000.000 new shares in this issue and the 4,385,965 shares that are issued to GEM Global Yield Fund Ltd. at the same time the total number of shares in

Opcon: additional order from Snowman of China worth SEK 14 million

Svenska Rotor Maskiner (SRM), the centre of excellence for compressor technology within Opcon, the energy and environmental technology Group, today received an additional order for development from the listed Chinese company, Fuijan Snowman, Co. Ltd., Fuzhou, Fuijan, China. The order, worth SEK 14 million, concerns development of a further series of modern, energy-efficient cooling compressors for production in China. In addition there will be licensing revenues in future spread over 10 years with the option of extending the contract. Licensing revenues are linked to the customer’s future

Opcon: Directed share issue of 30 m shares at 0,57 SEK/share to Chinese Snowman

· Decision by the Board to issue 30.000.000 shares at 0,57 SEK/share · Strengthens strategic cooperation in order to get Opcon technology to the Chinese market As authorized by the annual general meeting of shareholders, Opcon’s Board has decided to carry out a directed issue of 30.000.000 new shares at a price of SEK 0.57 per share. The shares are issued for Hong Kong Snowman Technology Ltd. who has subscribed for the full amount. After the registration of the new shares, the total number of issued shares in Opcon Aktiebolag (publ) will amount to 374.414.145.Ever since the summer

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

Opcon to increase energy efficiency in Falkenberg

Opcon AB, the energy and environmental technology Group has been awarded an order for delivery of SRE’s flue gas condenser to the biomass fueled district heating plant in Falkenberg, Sweden. SRE’s leading flue gas condenser efficiently captures waste heat in smokestack gases and recycles the energy to the district heating grid. The flue gas condenser, that adds some 1,7 MW to the system in Falkenberg, increases energy efficiency with up to 20-25% depending on fuel thereby helping Falkenberg Energi to reduce their fuel consumption and lower emissions considerably. Customer is Falkenberg

Saxlund to deliver to Waste-to-Energy project in Zürich

Saxlund International GmbH, a fully-owned subsidiary of Opcon AB, the energy and environmental technology Group, has won an order from Outotec GmbH for the delivery of sludge handling equipment to the Waste-to-Energy solution at ERZ Entsorgung + Recycling Zürich’s new sludge incineration plant in Zürich. The sludge will be dried, burned and used as biofuel for the production of renewable heat and power. Total order value is about 6 m SEK and delivery is expected before summer 2014. -       Saxlund is happy to yet again be part of this development where we turn Waste to Energy in Zurich.

Saxlund GmbH wins order for Holcim, Germany

Saxlund International GmbH, a subsidiary of Opcon, the energy and environmental technology Group, has been awarded a material handling contract for secondary fuel at Holcim (Deutschland) AG’s plant in Höver, Germany. The Swiss group Holcim is a world leading supplier of cement and aggregates with some 80 000 employees and production plants in about 70 countries. The scope includes the delivery of Saxlund’s solid and well-tested floor discharger systems as well as several conveyors and separation systems, all designed to handle up to 12 tonnes/hour of refuse-derived fuel (RDF). Delivery

Saxlund GmbH wins 25 m order in France’s largest biomass project

Saxlund International GmbH, a subsidiary of Opcon AB, the energy and environmental technology Group, has been awarded a material handling contract from Doosan Babcock Ltd., the main supplier for E.ON’s new biomass power station in Gardanne, France. E.ON’s new biomass power station “Provence 4 Biomasse” will have an installed effect of 150 MW and is the largest single biomass project in France so far, expected to help improve the regional CO2 balance with some 600 000 tonnes per year. The scope includes delivery, supervision during installation and start-up services of a complete waste-

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.

Opcon wins another bioenergy repeat order in the Czech Republic

Opcon, the energy and environmental technology Group, has received yet another order for equipment that recycles waste heat, this time within the bioenergy sector in the Czech Republic. The order concerns the delivery of the SRE Renergi flue gas condenser including treatment for another district heating plant operated by TTS in the town of Trebic, Czech Republic. This is the third order for district heating plants in Trebic, which as 45,000 inhabitants. The first was delivered in the autumn, 2010. The district heating plant in Trebic has a 7.9 MW biomass boiler. When the SRE condenser is

Opcon improves energy efficiency and cuts emissions at Kilafors

At the World Bioenergy 2012 exhibition in Jönköping, Opcon, the energy and environmental technology Group, has announced a new order from Järnforsen Energisystem AB for Opcon’s leading SRE Renergi flue gas condenser and water treatment equipment for the expansion of Bollnäs Energi’s district heating plant at Kilafors. Bollnäs Energi currently has three plants with total heat production of 240 GWh per year, with the plant at Kilafors accounting for 20 GWh. This plant uses biomass for 85% of its energy requirement and has previously operated a 3.5 MW boiler. In the expansion it will add a

Opcontakt/Renergi News - Newsletter from Opcon

Here is a brand new issue of Opcontakt/Renergi News with a special focus on bioenergy just in time for the World Bioenergy 2012 exhibition in Jönköping, Sweden. Read about the Polish sawmill that got an energy kick, cleaner and more efficient greenhouses in the Netherlands, Opcon technology in energy research at Chalmers in Gothenburg, green electricity from 83°C water and Falbygden Energi becoming the first with ORC technology in Scandinavia. The magazine is available for download on www.Opcon.se and is enclosed as a pdf.

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