- News
Decarbonized energy technology provider Sumitomo SHI FW (SFW) has secured a contract for delivering a biomass fueled Circulating Fluidized Bed (CFB) boiler to a combined heat and power (CHP) plant project in South Korea. The project is expected to lower carbon emissions by 400 000 tons, as it replaces an old coal-fired plant with a cutting-edge biomass power plant.
SFW’s delivery for the project consists of the Design and Supply (D&S) of a biomass fueled CFB boiler with 173 MW thermal capacity, including technical advisory services and auxiliary equipment.
With the delivery of the pivotal CFB technology, the plant can generate 25 MW electricity and 225 tons of process steam per hour. The CFB is fueled by carbon-neutral waste wood chips, previously destined for landfills or incineration. As it replaces an old coal boiler, the CFB will reduce the plant’s carbon emissions substantially, by approximately 400 000 tons annually compared to traditional power plants.
Through the CFB technology contribution, SFW supports the project’s main contractor DL E&C, which delivers the Engineering, Procurement and Construction (EPC) for the CHP plant for TW Biomass Energy.
The over 500 CFB boilers we have delivered so far are a significant cornerstone of global energy generation. Today our CFBs, powered by recycled and biomass fuels, produce reliable and efficient decarbonized energy. This contract allows us to continue fulfilling our purpose of powering global decarbonization with an esteemed client, DL E&C. By contributing to the successful realization of this project, we also look to support DL E&C as they grow their portfolio of eco-friendly power generation.
We are grateful for the trust our South Korean customers place in our decarbonizing biomass technology. The project gives us a common opportunity to participate in South Korea’s overall target of achieving 22% renewable energy in power generation by 2030, with biomass ranking second only to solar PV in shaping a sustainable energy landscape.
The CHP plant will be built on the LG Chem Hwachi industrial complex in Yeosu, South Korea, after the demolition of the old power plant on the site. The project aims to start operation by the end of November 2026.
Globally, biomass power generation grows due to decarbonization policies. Plants like LG Chem Hwachi play a vital role as carbon-neutral sources, efficiently utilizing previously challenging materials like waste wood chips.
SFW has received the Notice to Proceed in mid-November 2023. The contract will be included in SFW’s November 2023 bookings, with the contract value undisclosed at this time.
For more information, please contact:
President & SVP Commercial of Sumitomo SHI FW Energia Oy Jaakko Riiali, Sumitomo SHI FW, [email protected], tel. +358 40 585 1590
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About SFW
Sumitomo SHI FW is a global provider of solutions and services that drive the decarbonization of energy. Our solutions include energy from biomass and waste, long duration energy storage, recycling of waste to valuable end products, carbon capture, flue gas cleaning, waste heat boilers, as well as related services to digitalize, optimize, and decarbonize assets that we deliver to the global power and industrial markets.
We strive to provide sustainable energy solutions for customers in a wide range of industries including energy, waste, chemicals, metal, sustainable fuels, cement and pulp and paper. SFW’s excellence in delivering projects worldwide relies on our 1 800 talented people, across 20 locations in 14 countries, with deep know-how and experience in the industry.
Powering a decarbonized world for everyone. For more information, please visit Sumitomo SHI FW at shi-fw.com.