ESPOO, Finland, April 29, 2019 (Press Release) -Valmet has received a repeat automation technology order from Asia's largest capacity biomass power plant owned by GS EPS Co., Ltd. Phase 2 of the Dangjin 4 Biomass Power Plant is currently under construction in the city of Dangjin, close to Seoul in South Korea.
The order was included in Valmet's fourth quarter 2018 orders received. The value of the order is not disclosed. The delivery will take place at the end of 2019. Installation and commissioning will start in February 2020. The order was placed by GS Engineering & Construction Co., Ltd. (GS E&C), the contractor responsible for the engineering, procurement and construction of the plant.
In 2014-2015, Valmet delivered automation for phase 1 of the Dangjin 4 Biomass Power Plant. Similar to that, the new power plant will have a capacity of 105 MW and run 100% on wood chips. Once the new project is completed, the Dangjin unit will be the largest biomass power plant in Asia. With Valmet's automation technology, it will be able to further enhance its competitiveness in the power market, increase its electricity capacity and produce more renewable energy.
"Valmet's automation system is one of the best and most optimized solution for biomass-fired power plants. In addition, Valmet listens very carefully to its customers' wishes and concerns. We expect phase 2 to be successful with a great partner like Valmet," says Seung il Choi, General Manager, GS E&C.
"We have been successfully providing maintenance services for phase 1 of the Dangjin 4 Biomass Power Plant, and our automation system has proven its flexible operation over the past years," adds Wan Mo Yoon, Senior Sales Manager, Energy & Process Systems, Korea, Automation, Valmet.
Details about Valmet's delivery
Valmet's delivery includes a Valmet DNA automation system, a vibration monitoring system, a plant performance system, an information management system, a fuel management system, a boiler protection system and a boiler environmental package system.
Information about GS EPS Co., Ltd. and GS Engineering & Construction Co., Ltd.
GS EPS Co., Ltd. is the first independent power producer in Korea. It generates and provides electricity using clean fuel, such as natural gas and bioenergy.
GS Engineering & Construction Co., Ltd. (GS E&C) has grown to be Korea's top-level construction company in all project areas, such as plant construction, power generation, environment, civil engineering, architecture and housing, and many more, since its foundation in 1969. It has 24 overseas companies or branches and 197 construction sites in 17 countries.
Both companies are part of the GS Group.
Valmet is the leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. We aim to become the global champion in serving our customers.
Valmet's strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bioenergy production. Our advanced services and automation solutions improve the reliability and performance of our customers' processes and enhance the effective utilization of raw materials and energy.
Valmet's net sales in 2018 were approximately EUR 3.3 billion. Our more than 13,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day. Valmet's head office is in Espoo, Finland and its shares are listed on the Nasdaq Helsinki.