Lurgi wins new orders worth over EUR 100 million
Lurgi AG, a subsidiary of the GEA Group, has won a further three new orders totaling in excess of EUR 100 million in the first quarter of 2006. The Frankfurt-based engineering company is to build a bioethanol plant in the United States, a biodiesel plant in Austria and a plant producing fatty alcohol in China. This brings the total value of new orders received by Lurgi in the first three months of this year to over EUR 270 million. "We have made an excellent start to 2006. As a market and technology leader, Lurgi continues to benefit from growing global demand for alternative fuels such as biodiesel and bioethanol. What's more, our strategy of focusing on profitable core technologies is paying off", stressed Klaus Moll, Lurgi's CEO.
In Kansas, U.S.A., Lurgi is to act as general contractor on the construction of a bioethanol plant that will eventually produce around 160,000 tonnes of bioethanol from maize per year. The contract is worth roughly EUR 54 million and has been awarded by Gateway Ethanol, LLC.
At Enns in Austria, Lurgi is to build a biodiesel plant worth more than EUR 20 million that will have the capacity to produce 100,000 tonnes of biodiesel per year. The contract has been awarded by Biodiesel Enns GmbH.
In addition, Lurgi is to build a plant that will produce fatty alcohols and fatty acids near Shanghai, China. The order is worth approximately EUR 20 million and has been awarded by the Malaysian company Teck Guan. The plant will extract 100,000 tonnes of fatty alcohol and 120,000 tonnes of fatty acids from palm oil per year. Fatty alcohols and fatty acids are key ingredients in the manufacture of cosmetics and hygiene products such as soaps and detergents.
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