Abengoa starts operations at the steel dust recycling plant in Gyeongju, South Korea

Mon Mar 25, 2013 4:35am EDT

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- The company has also reached an agreement with Korea Zinc to sell the entire
production of Waelz Oxide produced by the plant over the next ten years.
SEVILLE, Spain,  March 25, 2013  /PRNewswire/ -- Abengoa (MCE: ABG.B), the
international company that applies innovative technology solutions for
sustainable development in the energy and environment sectors, has started
operations at the steel dust recycling plant in the city of Gyeongju, in the
southeastern region of  South Korea.  

The plant has a capacity to recycle 110,000 tons of steel dusts annually, which
will increase Abengoa's capacity in 2013 to 750,000 tons/year. The facility uses
advanced SDHL technology, developed and patented by Abengoa, which is a safer
and more sustainable technique for recycling steel dusts, achieves higher levels
of zinc recovery and is more energy efficient.

Abengoa has also reached an agreement with Korea Zinc, the largest zinc producer
in the country, to sell the entire production of Waelz Oxide produced by the
plant over the next ten years.

Abengoa entered the Korean industrial waste management market in  September 2012
 through Befesa, its steel dust recycling division, in an agreement to acquire
55% of the Korean company Hankook R&M, valued at €60 million, which recycles
steel dust at the plant in Gyeongju.  

South Korea  is already the world's fourth largest market in terms of steel dust
production, with an estimated volume of 500,000 tons/year, representing an
important business opportunity for the company. Abengoa's industrial waste
division is undertaking an ambitious international expansion plan, consolidating
its position as a leader in this sector in new regions around the world.

About Abengoa

Abengoa (MCE: ABG.B) is an international company that applies innovative
technology solutions for sustainable development in the energy and environment
sectors, generating electricity from the sun, producing biofuels, desalinating
sea water and recycling industrial waste. (www.abengoa.com)

 Communication Department:            Investor relations        
 
Patricia Malo de Molina Melendez.   
Barbara Zubiria Furest.  
 
Tel: +34 954 93 71 11               
Tel: +34 954 937 111     
 
E-mail:  communication@abengoa.com  
E-mail:  ir@abengoa.com  


SOURCE  Abengoa

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