Wärtsilä Expands Into Biopower and Acquires an Established Company

Thursday, October 18, 2001
Wärtsilä will expand its power plant range to include biomass fuelled plants. The company has signed an agreement to acquire Finnish company Sermet Oy, which specializes in small and medium-sized boiler plants running on biofuels, oil and gas.

Sermet's net sales in 2001 is expected to total approximately EUR 20 million and the result to be on a good level.

By acquiring Sermet, Wärtsilä strengthens its position as a supplier of decentralized power plant solutions. Demand for power plants running on fuels from renewable energy sources is growing strongly. The combined output of biomass fuelled power plants currently under construction in Europe totals approximately 1,000 MW. There is a large market potential in the developing countries. In the market sector there are several local equipment suppliers, but not yet companies that supply small power plants globally. In this field Sermet is the leading company supplying boilers for bio fuels in the Nordic countries and Finland is a front-line biomass combustion know-how base in the market.

Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Airbus May Sell Stake in Submarine Supplier

Airbus is considering a sale of its 49 percent stake in submarine supplier Atlas Elektronik as part of a reshuffle of its military business, German newspaper Die

W.Africa Crude Slow to Trade; Nigerian Glut Fading

Angolan cargoes for October loading are so far finding buyers slowly, traders said on Friday, while there were further signs that an overhang of September-loading Nigerian cargoes is being absorbed.

US Steel Producers Win Anti-dumping Case

The U.S. International Trade Commission on Friday voted to impose anti-dumping duties against steel pipe imports from seven countries, exempting two, handing a

Energy

Falcon ROV Helps Japan Harness Offshore Wind

After Japan’s 50 nuclear reactors closed following the Fukushima disaster, wind is now seen as an important alternative energy source. But in a crowded and mountainous

W.Africa Crude Slow to Trade; Nigerian Glut Fading

Angolan cargoes for October loading are so far finding buyers slowly, traders said on Friday, while there were further signs that an overhang of September-loading Nigerian cargoes is being absorbed.

China Appeals WTO Ruling on US Solar Panel Dispute

China has appealed against a WTO dispute panel report on anti-dumping duties applied on certain Chinese products by the United States, the World Trade Organization (WTO) said on Friday.

 
 
Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0887 sec (11 req/sec)