Press ReleaseMay 20, 2022
Metso Outotec wins order for large iron ore pellet plant in Oman

Metso Outotec Corporation's press release on May 20, 2022, at 09:00 a.m. EEST

Metso Outotec has signed an agreement for the delivery of engineering and key equipment for an iron ore Grate Kiln pellet plant to Vulcan Pelletizing LLC. The plant is located in the industrial port of Sohar, the Sultanate of Oman. The value of the order is approximately EUR 33 million, and it has been booked in Metals' Q2/2022 orders received. The pellet plant will supply pellets to Jindal Shadeed Iron & Steel LLC, Oman.

Metso Outotec's scope of delivery consists of the supply of corepelletizing plant equipment, including the traveling grate, rotary kiln, and annular cooler. The design is based on the Grate Kiln plants that Metso Outotec is currently supplying for a customer in India. The plant, which is planned to produce sixmillion tons of high-quality iron ore pellets per year, is scheduled to beoperational by the end of 2023.

"This is the third order for a 6 mtpa Grate-Kiln pelletizing plant within the last 16 months. Metso Outotec is proud to be the Vulcan group's selected partner in iron ore pelletizing, and we look forward to propelling the Vulcan group to be a global leader with world-class pellet products," says Chris Urban, Vice President, Heat Transfer Products at Metso Outotec.

Metso Outotec is the world's leading supplier of Grate Kiln pellet plants, with more than 50 installations globally totaling over 130 mtpa of production. The Metso Outotec technology produces superior-quality pellets while minimizing overall plant operational expenses.

Discover more about ourpelletizing technologiesand theGrate Kiln systemon our website.

Further information, please contact:

Christopher Urban, Vice President, Heat Transfer Products, Metso Outotec, +1 570 850 3251, chris.urban(at)mogroup.com

Helena Marjaranta, Vice President, Communications and Brand, Metso Outotec, Tel. +358 20 484 3212, email: helena.marjaranta(at)mogroup.com

Metso Outotec is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing and metals refining industries globally. By improving our customers' energy and water efficiency, increasing their productivity, and reducing environmental risks with our product and process expertise, we are the partner for positive change. Metso Outotec is committed to limiting global warming to 1.5°C with Science Based Targets.

Headquartered in Helsinki, Finland, Metso Outotec employs over 15,000 people in more than 50 countries and its sales for 2021 were about EUR 4.2 billion. The company is listed on the Nasdaq Helsinki. mogroup.com,twitter.com/metsooutotec

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Metso Outotec Oyj published this content on 20 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 May 2022 06:14:01 UTC.