Kvaerner wins EUR50 million Pulp & Paper contract in Chile

The new recovery boiler will burn black liquor from the pulping process and a 134 MWth, Bubbling Fluidised Bed power boiler will use bark as fuel. The design and manufacture of the boilers will be undertaken mainly in Finland. Kvaerner will also supply a sodium chlorate plant, together with an air pollution control system, comprising an incinerator for the destruction of strong non-condensable gases, and a vent gas scrubber.
Araucos new mill, which is to be commissioned in 2004, will produce 600,000 tons of pulp per year.
Arauco is the biggest pulp producer in Chile with three mills in Chile and one in Argentina. The new Valdivia Pulp mill in southern Chile will produce bleached craft market softwood and hardwood pulps.

For further information:
Jari Viitala (Power Boiler), Kvaerner Pulping, Finland:
+358 20 1412 428 or +358 400 625 079 
Jussi Mäntyniemi (Recovery Boiler), Kvaerner Pulping, Finland: +358 20 1412 412 or +358 40 769 154
Raymond Ma (Sodium Clorate Plant), Kvaerner Chemetics, Canada: +1 604 737 4478
Paul Emberley, Vice President, Group Communications, Kvaerner ASA, London: +44 (0)207 339 1035 or +44 (0)7768 813090

Notes to editors:
Kvaerner is a world-class international oil services, engineering and construction, and shipbuilding Group, with the capability and resources to undertake the worlds most challenging projects. Todays Kvaerner is an industrial technology provider. It meets the needs of its customers by adding value to their business through the provision of innovative, cost-effective solutions for challenges in the hydrocarbons, process, and maritime industries. The Groups activities are organised in four core business areas: Oil & Gas, E&C (Engineering & Construction), Pulp & Paper, and Shipbuilding. Following the merger between Aker Maritime and Kvaerners Oil & Gas business, the Kvaerner Group expects to have revenues in 2002 approaching US$6 billion, with some 40,000 permanent staff located in more than 30 countries throughout Europe, Africa, Asia and the Americas.
Kvaerner Pulp & Paper is a global supplier of technology, engineering, fabrication and construction services to the pulp and paper, power generation and chemical industries. It is the market leader in the supply of fiberlines, recovery and power boilers. The principal activities of Kvaerner Pulp & Paper are located in Sweden, Finland, the USA, Canada, Japan and Brazil. These operations are managed through three business streams: Fiberline, Power and Chemetics.