Abengoa starts operations at the steel dust recycling plant in Gyeongju, South Korea

Abengoa starts operations at the steel dust recycling plant in Gyeongju, South
                                    Korea

- The company has also reached an agreement with Korea Zinc to sell the entire
production of Waelz Oxide produced by the plant over the next ten years.

PR Newswire

SEVILLE, Spain, March 25, 2013

SEVILLE, Spain, March 25, 2013 /PRNewswire/ -- Abengoa (MCE: ABG.B), the
international company that applies innovative technology solutions for
sustainable development in the energy and environment sectors, has started
operations at the steel dust recycling plant in the city of Gyeongju, in the
southeastern region of South Korea.

The plant has a capacity to recycle 110,000 tons of steel dusts annually,
which will increase Abengoa's capacity in 2013 to 750,000 tons/year. The
facility uses advanced SDHL technology, developed and patented by Abengoa,
which is a safer and more sustainable technique for recycling steel dusts,
achieves higher levels of zinc recovery and is more energy efficient.

Abengoa has also reached an agreement with Korea Zinc, the largest zinc
producer in the country, to sell the entire production of Waelz Oxide produced
by the plant over the next ten years.

Abengoa entered the Korean industrial waste management market in September
2012 through Befesa, its steel dust recycling division, in an agreement to
acquire 55% of the Korean company Hankook R&M, valued at €60 million, which
recycles steel dust at the plant in Gyeongju.

South Korea is already the world's fourth largest market in terms of steel
dust production, with an estimated volume of 500,000 tons/year, representing
an important business opportunity for the company. Abengoa's industrial waste
division is undertaking an ambitious international expansion plan,
consolidating its position as a leader in this sector in new regions around
the world.

About Abengoa

Abengoa (MCE: ABG.B) is an international company that applies innovative
technology solutions for sustainable development in the energy and environment
sectors, generating electricity from the sun, producing biofuels, desalinating
sea water and recycling industrial waste. (www.abengoa.com)

Communication Department:         Investor relations

Patricia Malo de Molina Melendez. Barbara Zubiria Furest.

Tel: +34 954 93 71 11             Tel: +34 954 937 111

E-mail: communication@abengoa.com E-mail: ir@abengoa.com

                                 

SOURCE Abengoa

Website: http://www.abengoa.com
 
Press spacebar to pause and continue. Press esc to stop.