Chiyoda Licenses Technology to Win Contract from Major Denmark Power Station for Large-Scale Desulfurization Plant
YOKOHAMA, Japan--(Business Wire)--
Chiyoda Corporation (TOKYO:6366)(ISIN:JP3528600004), Japan's
leading engineering and construction firm, announces that it has
reached an agreement with Burmeister & Wain Energy A/S ("BWE;" Head
office: Denmark) to license its CT-121(TM) flue gas desulfurization
process technology(1) for use at Asnaes Power Station, which is owned
by the major European energy provider Dong Energy A/S (Head office:
Denmark).
The Asnaes coal-fired power station in Kalundborg is Denmark's
largest generating facility, with total capacity of 1,057MW. Under the
agreement, Chiyoda will license the CT-121 process to BWE, and BWE
will be responsible for engineering, procurement and construction
(EPC).
This is the first contract acquired since Chiyoda executed a
technology license agreement for Europe with major Danish energy
provider BWE and Italian company Salvatore Trifone & Figli S.p.A., the
parent company of BWE, in 2004.
In the European market, demand for flue gas desulfurization plants
is expected to rise steadily, particularly in Eastern Europe, and
Chiyoda expects to acquire more contracts due to the superiority of
its CT-121 process technology. The CT-121 process already has a 22
percent share of the US market, where environmental regulations are
becoming increasingly stringent. Building on the contract award for
the Asnaes Power Station, Chiyoda will increase its sales efforts in
order to expand market share in Europe as well. In addition to EPC
business, which has been the core business of Chiyoda, licensing of
its own developed technologies could be another business area that
promises higher profitability with lower risk.
Chiyoda Corporation, headquartered in Yokohama, Japan, provides
services in the field of engineering, procurement and construction for
gas processing, refineries and other hydrocarbon or other industrial
plant projects, particularly for Gas Value Chain Projects, on a global
basis including the Middle East, Russia and South East Asian, Africa
and Oceania regions. For 60 years, Chiyoda has constantly leveraged
its extensive experience and far-reaching global network to give it an
unrivaled advantage.
(1)CT-121 Process (Chiyoda Thoroughbred 121 Flue Gas
Desulfurization Prosess)
The Chiyoda Thoroughbred 121 (CT-121) flue gas desulfurization
(FGD) process is a unique technology developed by Chiyoda in which
sulfur dioxide (SO2) is absorbed from flue gas generated by
coal-fired, oil-fired and other types of boilers and removed as
gypsum. Unlike conventional processes in which an SO2 absorber is
sprayed on flue gas, the CT-121 process uses Chiyoda's unique
absorber, the Jet Bubbling Reactor (JBR), in which the flue gas is
blown into water forming a fine bubble bed where SO2 is absorbed,
oxidized by injected air, and then neutralized by ground limestone
slurry. This technology is highly efficient, enabling low-cost removal
of flue gas SO2. Moreover, the plant is compact and easy to maintain.
Including the plant scheduled for construction at the Asnaes Power
Station, there are currently 87 CT-121 units worldwide.
Chiyoda Corporation
Ken Ito/Kenichi Aoki, +81-45-506-7538
Investors Relations and Corporate Relations Office
kenaoki@ykh.chiyoda.co.jp
Fax: +81-45-506-7085
http://www.chiyoda-corp.com
Copyright Business Wire 2008
