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Boliden signs agreement with Metso Outotec regarding expansion of Odda

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Boliden has signed a significant agreement with Metso Outotec to expand the Odda zinc smelter between 2021 and 2024. The deal, valued at 150 MEUR, is part of a larger 700 MEUR investment to enhance production capacity from 200,000 to 350,000 tonnes per year. This expansion aims to improve sustainability and cost efficiency in zinc smelting, with commissioning scheduled for Q4 2024. President Daniel Peltonen emphasized that this collaboration will help Boliden produce zinc with a leading climate profile.

Positive
  • Expansion of production capacity from 200,000 to 350,000 tonnes per annum.
  • Investment of 700 MEUR aims to enhance sustainability and cost efficiency in zinc smelting.
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  • None.

BOLIDEN, Sweden, Dec. 22, 2021 /PRNewswire/ -- Boliden has signed an agreement with Metso Outotec regarding the expansion investment in Odda zinc smelter. The agreement includes, among other things, a roasting plant, sulfuric acid plant, leaching technology and engineering services. The expansion investment in Odda will take place between 2021 - 2024. 

"The expansion of Boliden Odda means a new standard for zinc smelting in both sustainability performance and cost efficiency. We follow our plan and are confident that the collaboration with Metso Outotec will contribute to our development towards producing more zinc with the world's best climate profile, says Daniel Peltonen, President Business Area Smelters, Boliden."

The production capacity in Boliden Odda will increase from the current 200,000 tonnes to 350,000 tonnes per annum. Commissioning of the new capacity has been decided for Q4 2024. The agreement with Metso Outotec amounts to 150 MEUR and is included in a previously announced investment of 700 MEUR for the expansion of the smelter in Odda, most of which will be implemented in 2022 and 2023.

For further information, please contact:
Klas Nilsson, Director Group Communications, phone: +46 70-453 65 88
Mail: klas.nilsson@boliden.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/boliden/r/boliden-signs-agreement-with-metso-outotec-regarding-expansion-of-odda,c3477173

The following files are available for download:

https://mb.cision.com/Main/997/3477173/1513622.pdf

Press Release Metso

Cision View original content:https://www.prnewswire.com/news-releases/boliden-signs-agreement-with-metso-outotec-regarding-expansion-of-odda-301449882.html

SOURCE Cision AB

FAQ

What is the significance of Boliden's agreement with Metso Outotec?

The agreement is crucial for Boliden's expansion of the Odda zinc smelter, enhancing production capacity and sustainability.

How much is Boliden investing in the Odda smelter expansion?

Boliden is investing a total of 700 MEUR for the Odda smelter expansion, with 150 MEUR specifically for the agreement with Metso Outotec.

When will the new capacity at the Odda smelter be operational?

The new capacity at the Odda smelter is expected to be commissioned in Q4 2024.

What are the expected benefits of the Odda smelter expansion?

The expansion aims to improve sustainability performance and cost efficiency in zinc production.

BOLIDEN AB UNSP/ADR

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