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| April 26, 2005 No.1059 | ||
| MHI to License Flue Gas Carbon Dioxide Recovery Technology To India's Largest Urea Fertilizer Producer - World-class Recovery Capacity of 450 Tons/Day - |
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| Tokyo, April 26, 2005 - Mitsubishi Heavy Industries, Ltd. (MHI) has agreed to license its carbon dioxide (CO2) recovery technology to Indian Farmers Fertiliser Cooperative Limited (IFFCO), India's largest urea fertilizer producer. IFFCO will use the technology at two new urea fertilizer production plants to be built within its Aonla and Phulpur complexes. The two CO2 recovery units can capture 450 metric tons of CO2 per day, one of the world's largest capacities. The fertilizer/CO2 recovery plants will be constructed by Tecnimont ICB Pvt. Ltd., a local engineering company and a member of the Tecnimont Group of Italy, with completion slated for January 2007. Mitsubishi Corporation handled the trade particulars for the agreement. | ||||||
The Aonla and Phulpur complexes are both located east of New Delhi in India's northern Uttar Pradesh state. The new plants are being constructed with the aims of maximizing utilization of feedstock and increasing overall urea production capacity. IFFCO views the adoption of the licensed technology as an important initiative that will offer benefits not only with respect to useful utilization of flue gas CO2, which until now has been emitted into the atmosphere, but also as a welcome contribution to environmental preservation through reduction of CO2 emissions and energy savings. MHI's CO2 recovery technology, officially known as the "KM CDR Process" (Kansai-Mitsubishi proprietary Carbon Dioxide Recovery Process), was jointly developed with Kansai EP. The first CDR plant, having a recovery capacity of 160 metric tons/day, was installed at Petronas Fertilizer (Kedah) Sdn. Bhd. in Malaysia in 1999, and it has been operating successfully. Besides MHI, only two other companies possess flue gas CO2 recovery technologies: Fluor Daniel and ABB Lummus Global of the U.S. IFFCO awarded its contract to MHI in reflection of its high evaluation of the successful operation of the plant in Malaysia and the considerably lower energy consumption of MHI's technology. To date, MHI has already received more than 10 business inquiries regarding the technology from India. In addition to urea production, CO2 recovery technology can be used in such chemical applications as production of methanol and dimethyl ether (DME) and, in the food and beverage industries, production of carbonated beverages and dry ice. Another important possible application is enhanced oil recovery (EOR) enabling increased crude oil production; in this case, CO2 is injected into an oil reservoir suffering from low productivity. Due to the recent surge in oil prices, demand for EOR has been rising especially sharply. Because EOR has the potential to contribute significantly to reduction of global warming gases through sequestration of CO2 into oil reservoirs, EOR is garnering intense attention globally, particularly in the Middle East, and its market is expected to expand enormously in the coming years. Going forward, MHI intends to promote large-scale CO2 recovery facilities for EOR to oil companies, as well as for chemical plant applications. # # #
About Mitsubishi Heavy Industries Mitsubishi Heavy Industries, Ltd. (MHI), headquartered in Tokyo, Japan, is one of the world's leading heavy machinery manufacturers, with consolidated sales of 2,373 billion yen in fiscal 2003 (year ended March 31, 2004). MHI's diverse lineup of products and services encompasses shipbuilding, steel structures, power plants, chemical plants, steel plants, environmental equipment, industrial and general machinery, aircraft, space rocketry and air-conditioning systems. For more information, please visit the MHI website (http://www.mhi.co.jp). PRESS CONTACT: Hideo Ikuno: h.ikuno@daiya-pr.co.jp Tel: +813-6716-5277, Fax: +813-6716-5929 Daiya PR (in charge of public relations for Mitsubishi Heavy Industries, Ltd.) |
