Sweden's Chemrec enters into cooperation agreement with China Tianchen Engineering on advanced biofuel plants and marketing of Chemrec's black liquor gasification technology

STOCKHOLM , April 24, 2012 (press release) – Chemrec today signed a cooperation agreement with China Tianchen Engineering Corporation, TCC, to provide an integrated offering of Chemrec plants on a global lump-sum turn-key basis and co-market the Chemrec black liquor gasification technology – a route to 2nd generation biofuels or green power.

The signing took place in Stockholm in the presence of the prime ministers of China, Wen Jiabao, and of Sweden, Fredrik Reinfeldt.

Under the agreement, Chemrec and TCC will develop an offering to provide industry standard design, engineering, procurement and construction (EPC) services as well as overall performance guarantees to support project financing for black liquor gasification plants. TCC will also assist in procuring plant financing.

TCC is also under the terms of the agreement approved by Chemrec as supplier of complete turnkey Chemrec plants, with the gasification key equipment being designed and provided by Chemrec. TCC will co-market and perform joint proposals with Chemrec.

“TCC has extensive experience in engineering and construction of gasification, gas processing and synthesis plants. This agreement will bring solid and cost-efficient design, procurement and construction to our projects and will give us the ability to provide complete system solutions on an industrial scale.” says Max Jönsson, Chemrec CEO.

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