Technology replaces error-prone manual record keeping and monitors energy and utilities parameters, improving efficiency and productivity.
Emerson has just announced the release of its new Clean In Place (CIP) Utilities and Automated Reporting Analytics package delivered via PACEdge™ and Movicon™ platforms on an industrial edge control device. The software aids in digitally transforming manual and semi-automated systems by optimizing utilities consumption, benchmarking against known cycles and generating automated reports that can be used to reduce energy consumption and improve productivity in a single system or throughout a facility.
The CIP Utilities & Automated Reporting Analytics package combines Emerson’s deep application expertise and industry knowledge with advanced technology to convert process and utilities data into actionable insights for the food and beverage industries and other environments that use clean- and steam-in-place operations.
Equipped with the data and analytics provided by the software, plant managers, operators and maintenance personnel can view the information on a dashboard and share the insights with sustainability officers and other stakeholders to optimize their CIP cycles. The software package can be customized and layered into an existing system, or Emerson can provide a turn-key solution of hardware, instrumentation, valves and analytics.
Central to food and beverage production, clean-in-place systems clean and sanitize internal piping, tanks and machines between product batches to help facilities meet government regulations and guarantee product quality and safety. CIP skids that don’t have sensors and analytics software in place require manual reporting, which can be time-consuming and susceptible to errors, especially when data is transferred by hand into reports. These skids may also run at unnecessarily long preset cycles and use more time and resources than required for effective cleaning.
Digitally transformed and optimized CIP processes, in comparison, only use the time, media, water, energy and labor required for effective cleaning, significantly reducing waste and increasing production time.
“Food and beverage manufacturers typically spend about 30% of utility costs on clean-in-place operations. They also lose time between changeovers and spend between 20 to 40 thousand dollars in labor costs for manual reporting,” said Amit Patel, director digital transformation for discrete and industrial at Emerson. “Emerson’s new CIP Utilities and Automated Reporting Analytics software package collects and analyzes data in real time and presents it as a report, equipping plant managers, CIP operators, maintenance personnel and sustainability officers with the actionable insights to optimize wash cycle settings, including duration and media use, for maximum efficiency and productivity.”
The CIP Utilities & Automated Reporting Analytics software package can help CIP operators better understand and forecast energy use, water consumption and resource needs. Generated reports can be used to satisfy regulation compliance, plan system maintenance, schedule downtime and order media supplies, and deeper analytics can be used to identify insights and trends that support predictive maintenance schedules and facilitate standardization of CIP processes across production facilities.
The agnostic software is compatible with any CIP equipment, which empowers manufacturers to control the digitization of their systems no matter what stage of the digital transformation journey they are in and to integrate any or all Emerson components and customize the solution for their needs.
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Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (USA), is a global technology and engineering company providing innovative solutions for customers in industrial, commercial, and residential markets. Our Automation Solutions business helps process, hybrid, and discrete manufacturers maximize production, protect personnel and the environment while optimizing their energy and operating costs. Our Commercial and Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency, and create sustainable infrastructure. For more information visit Emerson.com.
Innodisk, a leading global provider of industrial-grade flash storage, DRAM memory and embedded peripherals, has announced its latest step into the AI market, with the launch of EXMU-X261, an FPGA Machine Vision Platform. Powered by AMD’s Xilinx Kria K26 SOM, which was designed to enable smart city and smart factory applications, Innodisk’s FPGA Machine Vision Platform is set to lead the way for industrial system integrators looking to develop machine vision applications.
Automated defect inspection, a key machine vision application, is an essential technology in modern manufacturing. Automated visual inspection guarantees that the product works as expected and meets specifications. In these cases, it is vital that a fast and highly accurate inspection system is used. Without AI, operators must manually inspect each product, taking an average of three seconds per item. Now, with the help of AI solutions such as Innodisk’s FPGA Machine Vision Platform, product inspection in factories can be automated, and the end result is not only faster and cheaper, but can be completely free of human error.
Innodisk’s FPGA Machine Vision Platform comes with 1GbE LAN, 4 USB 3.1 Gen1 ports, 2 M.2 slots, and a series of other expansion and connectivity options. Thanks to the platform’s 0° to 70 °C operational temperature support, and optional industrial temperature support from -40° to +85°C, EXMU-X261 is tough enough for the harshest of industrial environments. In addition, EXMU-X261 features support for Innodisk’s InnoAgent out-of-band remote management module, allowing the platform to be remotely managed from anywhere, even during a system crash or an in-band network failure. This is important for any automated system, as it allows for it to be completely unmanned, which further reduces manpower and maintenance costs.
Customers can take advantage of AMD’s Xilinx Kria K26 SOM’s ability to quickly get applications to market thanks to EXMU-X261’s full support for Innodisk’s AI Suite SDK. The suite includes an FPGA Model Zoo, as well as Innodisk’s in-house software solutions, such as iCAP (Innodisk Cloud Administration Platform), and iVIT (Innodisk Vision Intelligence Toolkit). iVIT for example, provides a deep learning environment for efficient development and deployment of “no-code-operation” solutions.
Valmet will supply a flue gas condensing process to Vantaa Energy’s new high-temperature incineration plant in Vantaa, Finland. The plant is designed to process household and industry waste that is classified as hazardous and not suitable for recycling.
The order is included in Valmet’s orders received of the fourth quarter 2022. Its value will not be disclosed, but such an order is typically worth over EUR 15 million. The project will start in 2022 and the plant is scheduled for completion in 2025.
The flue gas condensing equipment recovers heat from the incineration process. The waste heat produced will be utilized in the heating of properties in Vantaa. The waste heat obtained from the plant will reduce the need for using natural gas and fossil fuels and supports the transition to clean energy production.
“The high-temperature incineration plant treating non-recyclable hazardous waste continues Vantaa Energy’s investment programme to phase out the use of fossil fuels in the company’s energy production as soon as possible and to continue towards carbon-negative energy production in 2030. Energy utilization of waste and carbon capture and processing into new products play a key role in our strategy. For Vantaa Energy the high safety level of the technology and design solutions used, implementation of the investment projects according to stringent targets and the high degree of availability of the plants are extremely important. We are delighted to have Valmet as our partner in the high temperature incineration plant project,” says Vantaa Energy’s CEO Jukka Toivonen.
“The project is an excellent example of Valmet’s ambition to provide sustainable emission reduction solutions to our customers, and we are happy to share the journey toward a carbon negative future with Vantaa Energy,” says Lari-Matti Kuvaja, Manager, Sales & Technology, Environmental Systems, Pulp and Energy, Valmet.
Technical information about the delivery
The delivery will include a complete flue gas cleaning process consisting of an evaporative cooler, a baghouse filter with conditioned dry sorption (semi-dry), a condensing flue gas scrubber with heat recovery and condensate treatment, and a Selective Catalytic Reduction (SCR) for removal of nitrogen oxides (NOx).
About the customer
Vantaa Energy Ltd is one of Finland’s largest city energy companies, producing heat, electricity and energy efficiency services. The company enables a smooth everyday life for its customers by producing constantly developing services in a climate-friendly way. The energy sector plays a significant role in the mitigation of climate change. Vantaa Energy Ltd wants to be part of the solution by being a growing circular economy energy company that invests in finding carbon-neutral energy solutions. The company will phase out fossil fuels by 2026 and is progressing towards carbon negativity by 2030.
Valmet is a leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. With our automation systems and flow control solutions we serve an even wider base of process industries. Our 17,500 professionals around the world work close to our customers and are committed to moving our customers’ performance forward – every day.
The company has over 220 years of industrial history and a strong track record in continuous improvement and renewal. In 2022, a major milestone was achieved when the flow control company Neles was merged into Valmet. The combined company’s net sales in 2021 were approximately EUR 4.5 billion based on the respective company figures.
Valmet’s shares are listed on the Nasdaq Helsinki and the head office is in Espoo, Finland.
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Ever wondered how a touch-sensitive screen works? The answer is capacitive sensing, which can detect the presence of your finger through the protective glass sheet and doesn’t require any pressure. However, this perhaps under-appreciated technology is not limited to touch-sensitive displays: it is increasingly being utilized for many other established and emerging applications, ranging from automotive controls to leak sensing and even eye tracking.
How Does Capacitive Sensing Work?
Understanding the operating mechanism of capacitive sensors is key to understanding the applications to which they are well suited. Briefly, the sensors work via capacitive coupling to detect objects that have dielectric properties substantially different from air – fingers, being mainly water, work well. Since electric fields can travel through dielectric materials such as air or glass, there is no requirement for electrical contact. However, depending on sensitivity and readout methodology, the object being sensed often needs to be close to the patterned conductive layer, which is why it’s often difficult to use touchscreens or other capacitive controls while wearing gloves.
Opaque Touch Sensing
Although capacitive sensing is widely associated with touch-sensitive displays, it is also increasingly used on opaque surfaces. These include car steering wheel controls and touch panels – the conductive material used to make the capacitive sensor is sometimes a transparent metal mesh so that the controls can be backlit. Capacitive touch sensing is also an essential feature of in-mold electronics, in which conductive traces and LEDs are first printed/mounted on a flat substrate, then thermoformed, and finally, injection molded.
Moving from conventional mechanical switches to capacitive switches brings multiple benefits: fewer components, a reduction in materials used, an interface that can be wiped clean (since there are no grooves between buttons), and a sleek modern aesthetic. However, some drivers have expressed concerns that capacitive sensors are less tactile and hence more difficult to use while driving – integrating haptic feedback is a possible solution.
As anyone who has tried to operate their smartphone in the rain will attest, capacitive sensors are extremely sensitive to water due to its high dielectric constant. While this might be undesirable on a touch-sensitive display, it does enable capacitive sensors to be used for leak detection.
By utilizing low-cost materials such as carbon inks printed onto plastic using conventional methods, it is possible to produce rolls of printed/flexible sensors for just a few dollars. These can then be placed around plumbing, under kitchen appliances, and even along pipes – a small control unit housing a circuit board with a micro-controller and batteries measures the changing capacitance. If a leak occurs, a change in capacitance is detected, and a signal is sent to an app to provide a notification. This capability is proving compelling to insurance companies since limited capital investment would substantially limit the property damage caused by any leak.
Perhaps the most surprising emerging application of capacitive sensors is an early-stage technology that provides eye-tracking for virtual/augmented reality glasses. Based on multiwalled carbon nanotubes (MWCNTs) embedded within paper to produce a conductive material with a very large surface area and hence high sensitivity to changes in the dielectric environment. Utilizing three sensors enables projected capacitance, in which the relative response of each sensor enables the location of the change in dielectric properties of the target object to be determined via triangulation. Compared to competing approaches such as machine vision, capacitive sensing promises a much shorter processing time and hence a more responsive system.
Emerging Printed & Flexible Sensor Technologies
IDTechEx’s report “Printed and Flexible Sensors 2022-2032: Technologies, Players, Markets” assesses the technologies and market landscape across 9 distinct printed sensor technologies: piezoresistive sensors, piezoelectric sensors, printed photodetectors, temperature sensors, strain sensors, capacitive touch sensors, gas sensors, biological sensors, wearable electrodes. The report draws on detailed profiles of over 50 companies, the majority based on interviews, to evaluate each of these printed sensor categories in considerable detail, evaluating the different technologies and the challenges to adoption. IDTechEx develop 10-year market forecasts for each technology and application sector, resulting in 33 individual forecast segments delineated by revenue and printed sensor area.
Outokumpu is committed to help its customers to reduce their climate emissions. As part of its continuous development efforts in sustainability, Outokumpu is the first stainless steel producer to provide a product-specific carbon footprint on its stainless steel products. This will both help customers in their emission-reduction goals and support Outokumpu’s long-term climate targets* and sustainability strategy.
“As the global leader in sustainable stainless steel, we are the frontrunner to push the whole industry forward. At the same time when customers are paying more attention to cutting down emissions, they are asking more specific information about the carbon footprint for each product and solution. We are happy to be the first stainless steel producer to provide the information for products produced in our mills in Europe. Now customers can utilize the data to calculate the product carbon footprints of their products and provide more sustainable solutions to the market”, says Stefan Erdmann, Chief Technology Officer & Group Sustainability at Outokumpu.
The distinct feature of the calculation model Outokumpu is using is based on continuous follow-up of production data.
“In addition to customer value, the product-specific carbon footprint brings full transparency to the sustainability work Outokumpu is executing”, Erdmann continues.
Transport industry shows an example of urgent need for emission-reduction actions
One of the industries benefiting from product-specific carbon footprint is transport. Transport accounts for 21% of global carbon emissions and the emissions from the transport sector are expected to grow by 20% by 2050**. Biofuels and electric vehicle solutions are already in use to cut emissions from heavy road traffic, but we need to use other solutions too. The reduction of emissions from a new vehicle is also affected by, for example, the steel material used in the manufacture of the vehicle and its carbon footprint.
“Road transportation, especially buses and coaches, is an area where stainless steel can have a very significant impact in helping to achieve carbon neutral mobility. Companies in the industry have ambitious climate targets and the end-customers’ demands, as well as requirements coming from all major Original Equipment Manufacturers, guide the climate work forward. With this new feature, it is also interesting to see how the customers would now be able to design CO2-emission optimized products for the upcoming application generations – for example next-generation vehicles”, says Markus Buckner, Head of Mobility & Transport at Outokumpu.
“Today, many companies are calculating and reporting direct and indirect emissions, but there is a growing need to reduce all other indirect emissions from a company’s value chain. To calculate the complete CO2 emissions down the supply chain it is essential to know the CO2 impact of the pre-material – and that’s why the product-specific information is needed. Outokumpu is in a great position to support the steel industry with the knowledge of being the only stainless steel producer to report emissions from all three scopes and to have the leading role in using recycled material for over 90% globally”, Buckner continues.
*) Outokumpu’s climate target is to reduce carbon dioxide emissions by 42% by 2030 from the base year of 2016. This translates to an emission reduction of 14% by the end of 2025 from the 2021 levels, in accordance with the Science-Based Targets initiative’s 1.5 climate target. Outokumpu is the only producer of stainless steel with a climate target approved by the initiative.
For more information:
Outokumpu is the global leader in stainless steel. The foundation of our business is our ability to tailor stainless steel into any form and for almost any purpose. Stainless steel is sustainable, durable and designed to last forever. Our customers use it to create civilization’s basic structures and its most famous landmarks as well as products for households and various industries. Outokumpu employs some 9,000 professionals in more than 30 countries, with headquarters in Helsinki, Finland and shares listed in Nasdaq Helsinki. www.outokumpu.com
Sustainable textile technology from ANDRITZ Laroche enables to carry out a breakthrough project based on the circular economy
Renaissance Textile in Laval, France has successfully started up a complete textile recycling line, delivered, installed, and commissioned by ANDRITZ Laroche, part of the international technology group ANDRITZ.
The state-of-the-art ANDRITZ textile recycling equipment enabled Renaissance Textile to become the first French recycling platform dedicated to industrial end-of-life textiles. The project aims to produce new fibers from the collected post-consumer apparel, which will be used to weave new recycled fabrics in the end.
The new 12,000 m² plant is equipped with a complete tearing line whose unique design is the result of close collaboration between R&D specialists from ANDRITZ Laroche and Renaissance Textile, as well as customized trials carried out jointly by the two parties at the ANDRITZ technical center in Cours, France.
The new clothing produced based on this type of circular economy model thus reflects the social and sustainability commitments of Renaissance Textile in terms of decarbonizing the textile industry, the fight against global warming, autonomy in raw material sourcing, and promotion of local staffing, particularly for people who have been unemployed for a long time or are seeking to enter the labor market for the first time. It is the first milestone of a pioneering project that ANDRITZ is proud to actively support. By 2025, for example, Renaissance Textile plans to create no less than 110 direct jobs.
Nicolas Nojac, director of Renaissance Textile, comments: “Our first recycling line is dedicated to white polycotton textiles that mainly come from the healthcare and food processing industries. This equipment enables us to recycle 3,000 tons of textiles every year, representing 10 million items of clothing. We also plan to install two additional lines by the end of 2023 and 2025, respectively, to enlarge the range of recycled textiles by adding different colors and fibers”.
International technology group ANDRITZ offers a broad portfolio of innovative plants, equipment, systems, services and digital solutions for many different industries and end-markets. ANDRITZ ranks among the global market leaders in all four of its business areas – Pulp & Paper, Metals, Hydro, and Separation. Technological leadership, global presence, and sustainability are the main pillars of the company’s business strategy for achieving long-term growth. The publicly listed group has around 27,900 employees and over 280 locations in more than 40 countries.
ANDRITZ PULP & PAPER
ANDRITZ Pulp & Paper provides sustainable technology, automation, and service solutions for the production of all types of pulp, paper, board and tissue. The technologies and services focus on maximum utilization of raw materials, increased production efficiency, lower overall operating costs as well as innovative decarbonization strategies and autonomous plant operation. Boilers for power generation, flue gas cleaning systems, various nonwoven technologies, panelboard (MDF) production systems, as well as recycling and shredding solutions for numerous waste materials also form a part of this business area. State-of-the-art IIoT technologies as part of Metris digitalization solutions complete the comprehensive product offering.
Pertamina Power Indonesia (Pertamina NRE), Keppel Infrastructure, through Keppel New Energy Pte. Ltd., and Chevron Corporation (NYSE: CVX), through Chevron New Energies International Pte. Ltd. (Chevron New Energies), have signed a Joint Study Agreement (JSA) to explore the development of selected green hydrogen and green ammonia projects using renewable energy located primarily in Sumatera, Indonesia.
The signing of the JSA took place at the Business 20 (B20) Investment Forum held in conjunction with the B20 Summit in Bali. B20 is an official G20 engagement group that represents the global business community. Signing the JSA were CEO of Pertamina NRE, Dannif Danusaputro; Director of Keppel New Energy Pte., Ltd., Chua Yong Hwee, and Director of Chevron New Energies International, Pte. Ltd., Andrew S. Mingst. The signing was witnessed by the Coordinating Minister for Maritime Affairs and Investment, Luhut Pandjaitan; Minister of Investment of Indonesia & Head of BKPM, Bahlil Lahadalia; President Director & CEO, PT Pertamina (Persero), Nicke Widyawati; and Chief Executive Officer, Keppel Infrastructure, Cindy Lim.
The JSA intends to explore the feasibility of developing a green hydrogen facility, with a production capacity of at least 40,000 tonnes per annum, powered by 250-400 megawatts of geothermal energy in the initial phase. The hydrogen production facility could have the potential to scale up to 80,000-160,000 tonnes per annum, depending on the availability of geothermal energy as well as market demands.
The JSA aims to draw on the complementary strengths of Pertamina, the largest energy company in Indonesia; Keppel Infrastructure, a leading Singapore-based energy infrastructure solutions provider with a strong track record of developing and operating large scale energy and environmental infrastructure projects; and Chevron, a multinational energy corporation committed to providing affordable, reliable, ever-cleaner energy.
According to an International Energy Agency report, Indonesia, the world’s fourth most populous country, has a viable path to reaching its target of net zero emissions by 2060.1 Hydrogen and ammonia are expected to be important lower carbon fuels as part of this roadmap. Ammonia can also be used to transport hydrogen and potentially be used to replace bunker fuels as a lower carbon solution in the global maritime industry.
Indonesia accounts for approximately 40 percent of global geothermal resources, providing opportunities to utilize geothermal energy as a reliable and stable energy source to produce green ammonia or hydrogen.
Dannif Danusaputro, CEO of Pertamina NRE, said, “The development of green hydrogen and green ammonia holds a significant role in Indonesia’s Net Zero Emissions roadmap. And with its potential, we believe that Indonesia will also play a key role in green hydrogen production in Asia. We are very excited with this strategic collaboration as we know that Keppel and Chevron are reputable companies and have the same vision in energy transition as we do.”
Ms. Cindy Lim, CEO of Keppel Infrastructure, said, “Indonesia is a country with vast resources and enormous potential for renewable and low carbon energy. We are happy to partner with industry leaders, Pertamina and Chevron, to explore the first of its kind use of geothermal and other renewable energy to develop green hydrogen and green ammonia projects and support Indonesia’s energy transition efforts, as well as catalyze investments in green energy supply chain in the regions. In line with Keppel’s Vision 2030, which places sustainability at the core of its strategy, this collaboration will broaden Keppel Infrastructure’s geographical footprints to create and capture more value arising from the global commitment to net zero and its energy transition.”
Austin Knight, vice president of Hydrogen, Chevron New Energies, said, “We have a long history of working in Indonesia and with Pertamina, and a growing relationship with Keppel Infrastructure. We look forward to leveraging our collective strengths to study and evaluate lower carbon opportunities for the region. Chevron’s strength has always been solving big, complex energy challenges, and creating a lower carbon future is the opportunity that motivates us. As part of this effort, we must work together to identify new, innovative ways of producing and delivering ever-cleaner energy to a growing world.”
Keppel Corporation Limited, the parent company of Keppel Infrastructure, does not expect the abovementioned development to have any material impact on Keppel Corporation’s earnings per share and net tangible asset per share for the current financial year.
About Pertamina NRE
PT Pertamina Power Indonesia (Pertamina NRE) is member of PT Pertamina (Persero), Indonesia’s largest energy company, comprised of four business entities: PT Pertamina Geothermal Energy (subsidiary), PT Jawa Satu Power (affiliate), PT Jawa Satu Regas (affiliate), and PT Industri Baterai Indonesia. Its business focuses on clean energy development. It is highly committed to support Indonesia’s net zero emission 2060 through energy transition and to implement ESG.
About Keppel Infrastructure
Keppel Infrastructure (KI) is a wholly-owned subsidiary of Keppel Corporation, a Singapore flagship multinational company providing solutions for sustainable urbanisation. KI provides solutions for some of the world’s most pressing challenges through its power & gas, environment and new energy businesses by leveraging its proprietary technology, strong technical expertise and proven operating capabilities.
KI has a track record of developing energy and environmental infrastructure end-to-end, including power generation assets, waste-to-energy (WTE) facilities, large-scale district cooling systems, as well as NEWater and desalination plants. In Singapore, it operates a 1,300-megawatt high efficiency gas-fired combined cycle power plant and a utility pipe rack and pipeline network in Jurong Island. It is also Singapore’s leading electricity retailer, and the first and largest district cooling systems developer and service provider. Globally, through Keppel Seghers, it is one of the leading WTE technology providers with more than 100 project references in 20 countries.
KI is expanding its presence, in Singapore and overseas, in areas such as power generation, waste management, district cooling, renewables and energy storage, electric vehicle charging infrastructure and other clean energy opportunities.
For more information, please visit www.kepinfra.com.
Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable, and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We are focused on lowering the carbon intensity in our operations and growing lower carbon businesses along with our traditional business lines. For more information, please visit www.chevron.com.
Metso Outotec has been awarded a repeat order to deliver sustainable tailings filtration technology for Zhejiang Huayou Cobalt Co. Ltd.’s new laterite nickel mine project in Indonesia. The order value, which is not disclosed, has been booked in Minerals fourth-quarter 2022 orders received.
Metso Outotec’s scope of delivery consists of the engineering, manufacturing and supply of 15 Larox® FFP3512 filters, as well as installation and commissioning advisory services and spare parts. The fully automatic, fast-opening filter press (FFP) is part of Metso Outotec’s Planet Positive offering. The filter combines the benefits of membrane technology and sidebar design with high mechanical and process performance, providing safe and sustainable high-volume dewatering of tailings with low operating and life cycle costs.
“As a core supplier of Huayou Cobalt, we are honoured to be selected again to provide efficient and sustainable tailings filtration technology. The signing of this order represents not only the continuation and deepening of our long-term cooperation but also Huayou Cobalt’s trust in Metso Outotec technology and services. To date, we’ve received orders for 37 Larox® FFP3512 filters from Huayou,” says Xun Fang, General Manager, Minerals sales, Greater China at Metso Outotec.
Huayou Cobalt is a high-tech enterprise engaged in the research, development and manufacturing of new energy lithium-ion batteries and cobalt materials in China. Its nickel cobalt hydrometallurgy project in Indonesia is one of the largest and most advanced hydrometallurgy projects in the world. Metso Outotec has signed several cooperation agreements with Huayou Cobalt to provide comprehensive mineral processing solutions for its projects in Indonesia, including SAG mills, ball mills, as well as Larox® FFP3512 filters and thickening equipment of various specifications.
Read more about Larox® FFP filters on our website.
Metso Outotec is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing and metals refining industries globally. By improving our customers’ energy and water efficiency, increasing their productivity, and reducing environmental risks with our product and process expertise, we are the partner for positive change. Metso Outotec is committed to limiting global warming to 1.5°C with Science Based Targets.
Headquartered in Helsinki, Finland, Metso Outotec employs over 15,000 people in more than 50 countries and its sales for 2021 were about EUR 4.2 billion. The company is listed on the Nasdaq Helsinki. mogroup.com
GreenGo Energy, one of Europe’s leading solar developers, has entered into a new GW-scale partnership agreement with a joint venture between Commerz Real and Hydro Rein, two significant institutions in the renewable energy industry. The parties target to execute a total portfolio of 1GWp+ from GreenGo Energy’s significant utility scale solar PV portfolio in Denmark, corresponding to an investment from the joint venture of more than 600 million EUR over the next 3-5 years.
The total energy production of the targeted project portfolio corresponds to approximately 4% of Denmark’s total yearly electricity demand today, equivalent to the demand of +300,000 Danish households. Under the partnership agreement, the joint venture will acquire projects from GreenGo Energy and provide financing through development and construction to commissioning (COD).
First two solar projects to be commissioned in 2026
The first two solar projects have already been acquired by the Joint Venture, a 170MWp project located in on Denmark’s west coast and one 192Wp project in the south Denmark,. Construction is scheduled to commence in 2024, completion is expected for 2026.
Strong partnership will accelerate the energy transition in Denmark
According to statements by the Danish government, all the electricity needed by the country is to originate from renewable sources by 2027. And the government targets a PV capacity of 20 GW by 2030 to reach the firmly set 2030 goals.
Barkha Mehmedagic, Global head of Institutional Sales and Group Treasury at Commerz Real comments:” The Danish investment market for photovoltaics is still relatively young and is seeing a correspondingly dynamic development. This offers the potential for growth and diversification for our institutional investors in particular “, and continues “With Hydro Rein and GreenGo Energy we also have experienced partners firmly rooted in the Scandinavian market by our side.”
Olivier Giradot, CEO of Hydro Rein comments:” We are proud to announce our very first investment in Denmark together with Commerz Real. This is also REIN’s first solar investment in the Nordics. The investment will diversify our Nordic portfolio in terms of technology and production, and we see great potential in combining wind and solar to help decarbonize major industrial players. Backed by strong governmental ambitions, we look forward to explore more opportunities in Denmark”.
Karsten Nielsen, CEO of GreenGo Energy comments. “Together with Commerz Real and Hydro Rein we can fully leverage the complementary capabilities of all the parties involved, leaning on the extensive experience in renewable investments and a strong industrial presence in the Nordic power market. This first GW-scale partnership agreement for our Mermaid portfolio in Denmark is a big milestone, helping Denmark to accelerate the energy transition with significant impact well before 2030”.
About GreenGo Energy
GreenGo Energy was founded in 2011 with the vision to accelerate conversion to renewable energy generation, by an innovative and scalable business model. GreenGo Energy’s 360 full services platform includes origination, development, offtake, engineering, procurement, construction management, O&M and asset management services, fully tailored and bespoke to our client’s needs and investment profile.
GreenGo Energy now has more than 7.5GWp of solar and storage projects in various stages of development and construction in selected U.S. states and Northern Europe, of which more than 3GWp has been contracted through partnership agreements with tier 1 investors in the renewable space.
About Commerz Real
Commerz Real is the asset manager for real asset investments of German Commerzbank Group and has over 50 years of international market experience. More than 800 employees manage assets of around 34 billion euros at the Wiesbaden headquarters and 17 other locations and branches in Germany and abroad. The company combines comprehensive know-how in asset management and a broad-based structuring expertise to deliver its signature range of services of fund products focused on tangibles and bespoke financing solutions. The fund spectrum includes the open-ended real estate fund Hausinvest, Germany’s first retail impact fund for real assets Klimavest, institutional investment products as well as entrepreneurial participations.
Commerz Real has been investing in solar energy since 2005 and in wind power plants and other energy infrastructure segments since 2016. The company currently manages more than 50 solar power plants and over 40 onshore and offshore wind farms in Germany and Europe with a total nominal output of more than 1.5GW.
About Hydro REIN
Hydro Rein is a leading provider of renewable energy solutions to industrials, fully owned by the global renewable energy and aluminium company Hydro. Hydro Rein has a diversified portfolio of 16 projects under development in core markets in the Nordics and Brazil. The company has an ambition of 3GW in construction or operation (gross) by 2026, leveraging on a unique customer offering and Hydro’s century-long track record in building industries that matter.
Hydro Rein is a wholly-owned subsidiary of the aluminium and renewable energy company Norsk Hydro, in which the Norwegian government also holds a stake of about one third. The company has already been active in the field of hydroelectric power for more than one hundred years.
PulPac announces the closing of a €31 million private placement led by Aliaxis and followed by Stora Enso, Amcor Ventures and Teseo Capital. Combining key global partnerships and investments enables PulPac to accelerate the roll-out out of its patented Dry Molded Fiber technology globally. Investing in global commercialization, with additional production capacity, R&D and supply-chain availability. All supporting the target of establishing Dry Molded Fiber as the next global standard for sustainable packaging, replacing single-use plastics with circular fiber solutions.
Besides offering high-speed manufacturing, which makes it a competitive alternative to plastics, Dry Molded Fiber preserves enormous amounts of water and energy compared to traditional wet fiber molding.
Linus Larsson Green, co-founder and CEO of PulPac, commented:
“PulPac today is seen as leading the technological race for sustainable packaging and replacing single-use plastics. With backing and support of such world-class partners, we have laid a strong foundation across the value chain. I am really excited to execute our plans and roll-out our technology globally”
In this private placement, leading strategic partners (Aliaxis, Stora Enso, Amcor Ventures and Teseo Capital) join the existing shareholders of PulPac and its network to form a cross-industrial alliance. PulPac’s commercialization is catalyzed across the scaling value-chain with the aliiance, validating the global interest for the technology and its positive impact as a coming world standard in sustainable packaging. Each partner contributes complementary market-leading know-how that strongly contributes to the acceleration of Dry Molded Fiber.
Roderick Sundell, CFO at PulPac, also commented:
“Today marks a critical step forward on our mission of replacing single-use plastics at scale. We are extremely proud to welcome these leading partners into our cross-Industrial alliance. Together, we will drive the transition forward at great speed to provide scalable solutions that are both cost competitive and sustainable.”
Existing investors WPP, PP Intressenter AB, Marcus Palm also participate in the equity raise together with the founders through DryFiber Holding AB. Jointly, the private placement will enable PulPac to make further investments in three key areas:
- Increased global presence and representation of PulPac and Dry Molded Fiber to cater to enormous demand, building out application and demonstration centers in key markets close to industrial partners.
- Increasing product standardization and roll-out of applications ready to use, including commercial and third-party validation.
- Supply chain acceleration in key partnerships on production platforms and tooling, ensuring availability of material, chemistries, machines and tooling throughout the regional supply chains.
Collectively, these initiatives will facilitate PulPac’s target of replacing 1 million tons of single-use plastics by 2025, saving up to 5 million tons of CO2 emissions and up to 1 billion liters of water – compared to if the products had been made with conventional wet molded fiber.
Pareto Securities AS acted as financial advisors and Vinge acted as legal advisors to PulPac for the equity raise.
At Aliaxis, we design sustainable, easy to install, and innovative solutions to address the world’s water challenges and accelerate the transition to clean energy. Thanks to our 14,000+ employees, our pipes and fitting systems meet our customers’ most demanding needs for the building, infrastructure, industrial and agriculture sectors. Operating in over 40 countries, the Company is active through leading local brands and generated €3.7 billion revenue in 2021. More information available on www.aliaxis.com
About Stora Enso
Part of the global bioeconomy, Stora Enso is a leading provider of renewable products in packaging, biomaterials, wooden construction and paper, and one of the largest private forest owners in the world. We believe that everything that is made from fossil-based materials today can be made from a tree tomorrow. Stora Enso has approximately 22,000 employees and our sales in 2021 were EUR 10.2 billion. Stora Enso shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY). More information available on www.storaenso.com
Amcor is a global leader in developing and producing responsible packaging solutions for food, beverage, pharmaceutical, medical, home and personal-care, and other products. Amcor works with leading companies around the world to protect their products and the people who rely on them, differentiate brands, and improve supply chains through a range of flexible and rigid packaging, specialty cartons, closures, and services. The company is focused on making packaging that is increasingly lighter weight, recyclable and reusable, and made using an increasing amount of recycled content. In fiscal year 2022, 44,000 Amcor people generated $15 billion in annual sales from operations that span 220 locations in 43 countries. NYSE: AMCR; ASX: AMC. More information available on www.amcor.com
About Teseo Capital
A Family Office in Luxembourg, Teseo Capital, which deals in alternative assets and agribusiness.
WPP is the creative transformation company. We use the power of creativity to build better futures for our people, planet, clients and communities. For more information, visit www.wpp.com
About PP Intressenter AB
PPI is a consortium of prominent local investors. PPI’s indirect main owners include Johan Möller, one of the founders of the nische bank Collector, Lennart Grebelius, founder and owner of Sätila Holding AB, Mats Franzén and Pål Junhamn founders of Zetup AB, as well as Björn Engström, co-founder Forsman & Bodenfors.
About DryFiber Holding AB
DryFiber Holding is the holding company for Founders Linus Larsson Green and Ove Larsson as well as early team members.
About Marcus Palm
The Director of Legal Affairs at Välinge Innovation AB (leading global licensing company in click-lock-flooring). Palm is a minority shareholder in PulPac as well as part of PulPac’s board. Palm is a leading Nordic expert on Licensing business models and infringement control, he was elected the Swedish General Counsel of the Year 2017.
PulPac provides the packaging industry with a groundbreaking manufacturing technology for low-cost, high-performance fiber-based packaging and single-use products. By pioneering the technology of cellulose molding PulPac enables their customers to replace single-use plastics with a sustainable and cost competitive alternative globally. For additional information about PulPac, please visit www.pulpac.com or follow us on social media.