Valmet to supply flue-gas cleaning and condensation plant to Fortum's power plant in Joensuu

Valmet Corporation's press release, December 8, 2014 at 9:30 a.m.

Valmet will supply a flue-gas cleaning and condensation plant to Fortum's combined heat and power plant in Joensuu, Finland. The new flue gas scrubber will increase the plant's energy efficiency and district heating production capacity and decrease the power plant's emissions.

The plant will be ready for use in the fall of 2015, in time for the start of a new heating season. The order will be included in Valmet's fourth quarter 2014 orders received. The value of the order is around EUR 8 million.

The district heating for the city's residents and electricity for the national grid produced by the Joensuu power plant are mainly generated using wood and peat. The plants' heat output is 130 MW and electrical output 50 MW. Valmet and Fortum have already earlier cooperated at the plant. In 2013, a bio-oil plant based on integrated pyrolysis solution technology supplied by Valmet was started up in Joensuu.

Fortum's Joensuu power plant

Waste heat utilized in district heating

Valmet's delivery includes a two-stage scrubber system and related process equipment. Valmet's experience in flue gas cleaning technology extends all the way back to the 1970s and the company has supplied similar technology to Fortum before, such as to the company's Järvenpää power plant.

The investment will allow Fortum to improve the energy efficiency of its Joensuu power plant and increase its heat production capacity; heat that was earlier released into the atmosphere with flue gases can now be utilized as district heating. The new equipment will also decrease the power plant's flue gas sulfur and dust emissions as specified in the new EU directive on industrial emissions (IED) that will come into force on 1 January 2016.

"Our customers' goal is to improve the efficiency of their power plants and the flue gas heat recovery technology will help to achieve this goal. At the same time we are supplying them with solutions for reducing emissions, which will help them to meet the tightening emissions regulation," says Risto Hämäläinen, Director, Environmental Systems from Valmet.

"We are delighted to be carrying out this project on behalf of Fortum and thus continuing our good co-operation. Valmet supplies complete flue gas cleaning solutions for extensive emissions control. We have solutions for both wet and dry flue gas cleaning, heat recovery, flue gas desulfurization and NO_x reduction," Hämäläinen continues.

About Fortum

Fortum's purpose is to create energy that improves life for present and future generations. Catering to the versatile needs of its customers, Fortum generates, distributes and sells electricity and heat, and offers related expert services. Our operations focus on the Nordic and Baltic countries, Russia and Poland. In 2013, the sales of Fortum amounted to EUR 6.1 billion with the comparable operating profit of EUR 1.6 billion. Fortum Group employs approx. 8,800 persons. Fortum's shares are quoted on the NASDAQ OMX Helsinki.

VALMET CORPORATION
Corporate Communications

For further information, please contact:
Risto Hämäläinen, Director, Environmental Systems, Valmet, tel. +358 40 505 2001

Valmet Corporation is a leading global developer and supplier of services and technologies for the pulp, paper and energy industries. Our 11,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day.

Valmet's services cover everything from maintenance outsourcing to mill and plant improvements and spare parts. Our strong technology offering includes entire pulp mills, tissue, board and paper production lines, as well as power plants for bio-energy production.

The company has over 200 years of industrial history and was reborn through the demerger of the pulp, paper and power businesses from Metso Group in December 2013. Valmet's net sales in 2013 were approximately EUR 2.6 billion. Valmet's objective is to become the global champion in serving its customers.

Valmet's head office is in Espoo, Finland, and its shares are listed on the NASDAQ OMX Helsinki Ltd.