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][email protected]
   [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:      [email protected]
   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

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