Wärtsilä and Ecospec co-operate to provide cl...

Wärtsilä Corporation, Trade & Technical press release, 7 October 2010 Wärtsilä, a global leader in complete lifecycle power solutions for the marine and energy markets, and Ecospec Global Technology, owner of the revolutionary CSNOx emissions abatement technology, recently signed a Memorandum of Understanding (MOU) to work together towards the common goal of improving the environment by providing the world with clean power solutions. By combining the joint expertise of Wärtsilä and Ecospec, the carbon footprint of both marine and onshore heavy industries can be significantly reduced through the development of clean power solutions. The aim is to achieve the lowest possible CO2 emissions, near zero SOx emissions - even when using heavy residual fuel, and to attain the capability to meet future NOx emission requirements. Under the MOU, Wärtsilä is responsible for integrating the CSNOx system into various engine applications. This includes the engineering, installation, supervision, project management, and commissioning of the system for both newbuildings and retrofits. Ecospec, as the supplier of the CSNOx system, would be responsible for supplying the key components of the system. Ecospec CSNOx is the world's first emissions abatement system capable of removing carbon dioxide (CO2) emissions from greenhouse gases, while at the same time removing, in a single system and in one process, sulphur dioxide (SO2), nitrogen oxide (NOx), and other pollutants, without the use of harmful chemicals. CSNOx serves as the only practical technology with the ability to remove CO2, the main culprit for global warming, from exhaust gases in significant quantities. Its wash water quality surpasses IMO standards, and the discharge water is, therefore, either neutral or beneficial to the environment, and does not result in secondary pollution or problems related to disposal or storage. "It is Wärtsilä's long-established strategy to assist its customers, not only in meeting current environmental legislation requirements, but to be pro-active in providing solutions that go well beyond these minimum standards. Emissions control is an area that is developing very rapidly, and this co-operation with Ecospec will help us to continue our leading role in this field. Without any question it will support our position as a total solutions provider to our customers," says Juha Kytölä, Vice President, Product Centre Ecotech of Wärtsilä. Tany Tay, General Manager of Ecospec, commented: "Ecospec has always been on the lookout for suitable organisations with whom we could develop strategic alliances for the various technologies we have developed. This is a fine example of optimizing the synergistic effects from two companies with the same goal of providing the world with a clean power solution." Link to picture Caption: The integration of the Ecospec CSNOx technology into Wärtsilä's product development is expected to speed the implementation of clean power solutions Media contacts: Mr Juha Kytölä Vice President, Product Centre Ecotech Wärtsilä Finland Tel: +358 40 500 2936 e-mail:juha.kytola@wartsila.com Ms Marit Holmlund-Sund Senior Manager, PR and Marketing Communications Wärtsilä Corporation Tel: +358 10 709 1439 e-mail:marit.holmlund-sund@wartsila.com Ms Tany Tay General Manager Ecospec Marine Technology Tel: +65 6602 9608 Email:tany@ecopsec.com Ms Dayna He Assistant Manager Ecospec Marine Technology Tel: +65 6602 9620 Email:dayna@ecospec.com Wärtsilä in brief: Wärtsilä is a global leader in complete lifecycle power solutions for the marine and energy markets. By emphasising technological innovation and total efficiency, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2009, Wärtsilä's net sales totalled EUR 5.3 billion with more than 18,000 employees. The company has operations in 160 locations in 70 countries around the world. Wärtsilä is listed on the NASDAQ OMX Helsinki, Finland. www.wartsila.com Ecospec in brief: Ecospec is a Singapore based technological company that researches and develops cost-effective solutions for environmental issues in the marine and onshore industries. Founded in 2001, Ecospec has since established itself as a pioneer and global market leader in advanced emissions abatement and environmental technologies with a worldwide presence and numerous technology patents. In early 2009, Ecospec introduced its revolutionary CSNOx, the world's first and the only commercially viable solution available today that is capable of effectively reducing harmful pollutants like Sulphur Dioxide (SO2) and Nitrogen Oxide (NOx) from emissions of large vessels. But even more impressively, the CSNOx has achieved unparalleled removal rates of Carbon Dioxide (CO2) from the exhaust, and all these three gases are removed all in one process and in a single system. www.ecospec.com [HUG#1449482] Ecospec: http://hugin.info/131481/R/1449482/391412.jpg This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Wärtsilä Oyj Abp via Thomson Reuters ONE
UK 100

Latest directors dealings