Wärtsilä has signed a turnkey contract to supply a liquefied natural gas (LNG) receiving terminal to be built in Raahe, Finland. An EPCI (engineering, procurement, construction and installation) contract has been signed with energy company, Raahen Voima, the Finnish company said Thursday in a press release.
The scope includes two LNG vacuum insulated storage tanks with a combined net volume of 1400 m3, an LNG regasification system, truck loading and unloading functions, and all required civil structures.,
The LNG terminal is scheduled to be operational in April 2018. The LNG will be supplied to Raahe by trucks from Wärtsilä’s first LNG terminal installation, the Tornio Manga facility in Finnish Lapland.
The main user for the natural gas from the terminal will be the SSAB Raahe steel mill. By using LNG to generate power and heat to the mill, SSAB will be able to move to cleaner energy production. As a result of switching to LNG, the steel mill will notably reduce its CO2, NOx and SOx footprint.
“We wanted a modern LNG-terminal that utilizes reliable technology. Wärtsilä’s technology fits our need and they have experience as an EPC provider,” says Pekka Inkala, CEO, Raahen Voima.
“We are excited to be chosen as the EPC contractor for this LNG project. LNG not only provides a reliable source of fuel, but also allows customers to produce their products with a smaller impact on the environment,” says Timo Mahlanen, Senior Business Development Manager, Wärtsilä Energy Solutions.
Helsinki-headquartered Finnish Corporation Wärtsilä is a global leader in complete lifecycle power solutions for the marine and energy markets. By emphasising technological innovation and total efficiency, Wärtsilä maximizes the environmental and economic performance of the vessels and power plants of its customers. In 2015, Wärtsilä's net sales totalled EUR 5.0 billion. The Corporation staff is approximately 18,900 employees. The company has operations in more than 200 locations in nearly 70 countries around the world. Wärtsilä is listed on the Nasdaq Helsinki.