Eren Holding subsidiary Modern Karton to take delivery of €55M 90-MW biomass power plant at Çorlu, Turkey, site that will be fueled using byproducts from manufacture of packaging paper, containerboard

ESPONO, Finland , November 16, 2012 (press release) – Outotec has agreed with Eren Holding on the turnkey delivery of a 90 MW biomass power plant to Çorlu, located close to Istanbul in Turkey. The order value is approximately EUR 55 million and it will be booked in Outotec's order intake in the first quarter of 2013, subject to environmental permit. Outotec has earlier this year received a 10-million-euro order for the engineering of the same plant.

Modern Karton, a subsidiary of Eren Holding, is one of the major European manufacturers of packaging paper and corrugated cardboard materials from waste paper. The new power plant designed by Outotec will use by-products, such as paper sludge, biological sludge and rejects from Modern Karton to produce electricity for the network and steam to be used as energy in the paper production. The project is financed under the German export credit coverage.

Outotec's turnkey delivery includes proprietary fluidized bed and gas cleaning technology and equipment, basic and detail engineering, construction and installation as well as operator training and commissioning services. The plant is scheduled to be commissioned in 2014.

"This project is a concrete example of our expansion from minerals and metals to the adjacent industries, such as energy and industrial water treatment, with high horizontal technological synergies. We use the fluidized bed technology of our newly acquired company, formerly known as Energy Products of Idaho, and combine our strong expertise in engineering and turnkey deliveries as well as our global supply network to deliver a sustainable waste-to-energy solution for Modern Karton," stated Outotec's CEO Pertti Korhonen. "The new biomass power plant will comply with the strict environmental standards set by the European Union and demonstrates the rising economy in Turkey."

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