EQS-News: ANDRITZ wins first order in green hydrogen sector

EQS-News: Andritz AG / Key word(s): Sustainability
ANDRITZ wins first order in green hydrogen sector

25.07.2023 / 12:49 CET/CEST
The issuer is solely responsible for the content of this announcement.

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GRAZ, JULY 25, 2023.  Koppö Energia of Finland has selected international
technology group ANDRITZ to perform the Front-End Engineering Design
(FEED) for a large-scale plant to produce green hydrogen. This order is a
milestone in ANDRITZ’s strategy to become one of the world’s leading
industrial partners for large-scale green hydrogen production plants.

The plant, with a capacity of 200 MW, will be built in Kristinestad,
Finland as part of a Power-to-X project. The customer, Koppö Energia, is a
joint venture of Germany-based Prime Capital, a renowned asset manager
specializing in alternative energy projects, and CPC Finland, a subsidiary
of project developer and green power producer CPC Germania.

The Front-End Engineering Design provided by ANDRITZ will include the
complete hydrogen plant, incorporating the alkaline electrolyzer
technology of HydrogenPro. Based on the design, the joint venture intends
to place the order for the Engineering, Procurement and Construction (EPC)
of the green hydrogen production plant at the beginning of 2024.

CEO Joachim Schönbeck said: “Green hydrogen will play an essential role in
the clean energy transition. We are very happy to have received our first
order in this sector and confident that – based on our long track record
of implementing large-scale projects – we can contribute to making this
project a success.”

“We conducted a diligent selection process before awarding the FEED
agreements for our energy transition project. ANDRITZ convinced us with
their comprehensive solution and system integration expertise,” said
Thomas Zirngibl, Board Member, Koppö Energia Oy.

The hydrogen in Kristinestad will be produced using renewable energy,
mainly wind power. Up to 500 MW of wind and 100 MW of photovoltaics power
will be developed under the Koppö Energy Cluster to supply the green
hydrogen plant with electricity.

Hydrogen produced from renewable sources is considered a virtually
carbon-free energy carrier, making it a vital component in combating
climate change. The plan for the green hydrogen produced in Kristinestad
is to process it into sustainable liquefied synthetic methane (SLSM) for
fueling heavy transport in a sustainable way.

In general, green hydrogen and its derivates are expected to replace
fossil fuels on a large scale in the future, especially in
energy-intensive, hard-to-abate industries such as steel, cement and
chemical, as well as transport by ships and trucks.

– End –

PRESS RELEASE AND IMAGES AVAILABLE FOR DOWNLOAD
The press release and images are available for download at
[1]andritz.com/news. The images may be published free of charge if the
source is stated: “Image: ANDRITZ”.

FOR FURTHER INFORMATION, PLEASE CONTACT
Susan Trast
Vice President Group Communications and Marketing
[2]susan.trast@andritz.com
[3]andritz.com

ANDRITZ GROUP
International technology group ANDRITZ offers a broad portfolio of
innovative plants, equipment, systems, services and digital solutions for
a wide range of industries and end markets. Sustainability is an integral
part of the company’s business strategy and corporate culture. With its
extensive portfolio of sustainable products and solutions, ANDRITZ aims to
make the greatest possible contribution to a sustainable future and help
its customers achieve their sustainability goals. ANDRITZ is a global
market leader in all four of its business areas – Pulp & Paper, Metals,
Hydro and Separation. Technological leadership and global presence are
cornerstones of the group’s strategy, which is focused on long-term
profitable growth. The publicly listed group has around 29,700 employees
and over 280 locations in more than 40 countries.

PRIME CAPITAL
Prime Capital AG is an independent asset management firm and financial
services provider, owned by management and employees. The company
specializes in Alternative Investments, in particular in Absolute Return,
Infrastructure, including Renewable Energy and Private Debt. Furthermore,
the company offers Access Solutions. Prime Capital was founded in 2006,
currently employs about 130 people in Frankfurt and Luxembourg and is
regulated by BaFin and CSSF. As of March 2023, Prime Capital has
approximately EUR 4.2 bn Assets under Management as well as EUR 8.5 bn
Assets under Administration.

CPC FINLAND
CPC Finland Oy is the wholly owned subsidiary of the German-based CPC
Germania GmbH & Co. KG. CPC Finland has built or is currently building
five wind farms with a total capacity of more than 417 MW and has a
further development portfolio of more than 800 MW. Founded in 1993, CPC
Germania is one of the oldest European wind energy companies and is behind
more than 50 constructed projects and a total capacity of more than 950
MW. CPC has been active in Finland since 2011.

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25.07.2023 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com

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Language: English
Company: Andritz AG
Stattegger Straße 18
8045 Graz
Austria
Phone: +43 (0)316 6902-0
Fax: +43 (0)316 6902-415
E-mail: welcome@andritz.com
Internet: www.andritz.com
ISIN: AT0000730007
Indices: ATX
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1687827

 
End of News EQS News Service

1687827  25.07.2023 CET/CEST

References

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2. susan.trast@andritz.com
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