18.05.2021. Primetals Technologies and Metso Outotec Oyj (Metso Outotec) have entered into an exclusive license agreement enabling Primetals to use the Metso straight grate iron ore pelletising (SG-IOP) technology for the Indian market.
Through this agreement Primetals will further strengthen its offering of iron ore pelletising plants for customers in India. The license provides Primetals the exclusive right to execute pelletising plants in India based on Metso SG-IOP reference projects with grate sizes ranging from 272 to 816 m² implemented in India over the past decades. This complements the existing portfolio of Circular Pelletising Plants.
Metso Outotec merger clearance process
The license agreement comes as a result of the Metso Outotec merger clearance process in India. The combination of Metso’s Minerals business and Outotec was conditionally approved by the Competition Commission of India (CCI) in June 2020, subject to the transfer of Metso’s SG-IOP capital equipment business in India to a suitable buyer through a technology licensing arrangement. The license enables Primetals to design, engineer, supply and commission pelletising plants based on Metso SG-IOP technology and to engage in respective aftermarket services in India.
“Indian pellet plant capacity is expected to grow significantly in coming years to meet the growing demand of steel in India. This agreement with Metso Outotec will enable Primetals to provide our customers with proven and reliable technology for iron ore pellets production” comments Aashish Gupta, Executive Vice President and Global Business Unit Head Upstream. “Primetals also offers Circular Pelletising Plants for smaller capacities up to 2 million t/a and this agreement with Metso Outotec supports our activities to provide iron ore pellet plants up to 8 million t/a in India,” he adds.
Primetals’ pellet plant offerings will be complemented by its comprehensive environmental portfolio (MEROS off-gas cleaning technology) as well as advanced automation systems for travelling grate technology. Maximised localisation of engineering services and manufacturing of equipment through Primetals India will increase the attractiveness of offerings for the Indian market.
(Source: Primetals Technologies)