Outotec to deliver a 90 MW biomass power plant in Turkey

OUTOTEC OYJ  PRESS RELEASE   NOVEMBER 16, 2012  at 1:00 PM

Outotec to deliver a 90 MW biomass power plant in Turkey

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."

For further information please contact:

OUTOTEC

Peter Weber, President - Energy, Light Metals and Environmental Solutions
Tel. [phone]

Eila Paatela, Director - Corporate Communications
Tel. [phone], mobile [phone]

Emails: [e-mail]

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