Valmet chosen by Lotte E&C to deliver automation to Gwangyang biomass plant in Korea

Valmet Oyj’s trade press release on August 9, 2023 at 9:30 a.m. EEST

Valmet will supply a Valmet DNA distributed control system (DCS) to Gwangyang Green Energy Corporation’s biomass power plant under construction in Southwest Province in South Korea. The order was placed by Lotte Engineering and Construction Co., Ltd (Lotte E&C), which is the engineering, procurement, and construction (EPC) contractor for the plant.

The order was included in Valmet’s orders received of the second quarter 2023. Its value will not be disclosed. The deliveries will start in June 2024, and the start-up is scheduled for March 2025.

This is the first time Lotte E&C has chosen Valmet’s automation technology for its power plant projects. Valmet’s experience and advanced control system offer enhanced operational efficiency and sustainable energy production, as well as improved reliability operating the biomass plant.

’’Valmet is a proven supplier for the biomass plant control system globally. We are looking forward to a successful project completion and future project collaboration,’’ says Changhyun Jung, Manager, Power Green Energy Department, Plant Business Division, Lotte E&C.

“This is a continuous order in the biomass power plant business in Korea, following the Dangjin biomass power plant. This is meaningful for Valmet’s automation systems, which have proven their high quality and flexible operation over the past year and have diversified Valmet’s business portfolio in Korea. We are ready to further collaborate with our customers in Korea,” says Emilia Torttila-Miettinen, President, Automation Systems business line, Valmet.

Technical information of the delivery

Valmet’s delivery consists of a DNA automation system, a safety control system, and an information management system to control the boiler and balance of plant (BOP) of the new biomass power plant, covering engineering, design, documents, commissioning and supervision works.

Visualization of the Gwangyang biomass plant in South Korea

About the customer

Founded in 1959, Lotte Engineering and Construction Co., Ltd is currently affiliated with the Lotte Group and engaged in domestic and overseas business in general construction, such as housing, architecture, civil engineering, and plants. The Lotte World Tower, the 5th tallest building in the world with 555 meters and 123 floors, is Korea's representative landmark. Lotte E&C's annual net sales are approximately EUR 4.1 billion and the company employs approximately 3,900 people.

VALMET
Corporate Communications

For further information, please contact:
Esa Jokiniemi, Director, Energy & Process Systems, Automation Systems business line, Valmet, email: esa.jokiniemi@valmet.com
MyongHo Choi, Senior Manager, Energy & Process Systems, Asia Pacific, Automation Systems business line, Valmet, email: myongho.choi@valmet.com

Valmet is a leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. With our automation systems and flow control solutions we serve an even wider base of process industries. Our 17,500 professionals around the world work close to our customers and are committed to moving our customers’ performance forward – every day.

The company has over 220 years of industrial history and a strong track record in continuous improvement and renewal. In 2022, a major milestone was achieved when the flow control company Neles was merged into Valmet. Valmet’s net sales in 2022 were approximately EUR 5.1 billion.

Valmet’s shares are listed on the Nasdaq Helsinki and the head office is in Espoo, Finland.   

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