Aker Solutions Wins Contract for Gasification and Liquefaction Plant in US


16 December 2010 - Medicine Bow Fuel & Power LLC has awarded Aker Solutions the Front End Engineering and Design (FEED) package for its Medicine Bow Industrial Gasification & Liquefaction Plant located near the town of Medicine Bow, Wyoming, USA.

Aker Solutions successfully completed a Pre-FEED study for the project in July 2010. Since then Aker Solutions has worked under a letter of intent to provide services relating to design review, licensor support as well as additional Pre-EPC engineering and design. "We look forward to our continued relationship with Medicine Bow Fuel & Power," said Glyn Rodgers, vice president and general manager, Aker Solutions. "It is exciting to see this project, the first of its kind in the United States and only the second one anywhere in the world, progress to the next stage."

The facility will produce liquid transport fuels and is due to come on line in 2015. When complete, the plant will be capable of converting coal into up to 21,000 barrels per day (BPD) of gasoline and LPG liquid fuels.

"This is a very significant step for the Medicine Bow Project," said Robert Kelly, the Chairman of DKRW Advanced Fuels LLC, the owner of the Medicine Bow Project. "The end result of this will be a final design and turn-key estimate which we will use to finance and build the project."

Medicine Bow Fuel & Power LLC is wholly owned by DKRW Advanced Fuels LLC. DKRW Advanced Fuels is a development-stage hydrocarbon conversion company focused on the commercial development, construction, ownership and operation of facilities designed to convert lower-value hydrocarbons into products that traditionally have been produced by crude oil.

By utilizing proven coal gasification and liquefaction technologies, DKRW Advanced Fuels LLC plans to convert more abundant resources, primarily solid hydrocarbons such as coal, into competitively priced products such as gasoline and diesel.

Aker Solutions' contract party is Aker Solutions Americas Inc. Contract value is undisclosed.

Aker Solutions ASA, through its subsidiaries and affiliates ("Aker Solutions"), is a leading global provider of engineering and construction services, technology products and integrated solutions. Aker Solutions' business serves several industries, including oil & gas, refining & chemicals, mining & metals and power generation. The Aker Solutions group is organised in a number of separate legal entities.

Aker Solutions' parent company is Aker Solutions ASA. Aker Solutions has aggregated annual revenues of approximately NOK 54 billion and employs approximately 22 000 people in about 30 countries.

Aker Solutions is part of Aker (www.akerasa.com), a group of premier companies with a focus on energy, maritime and marine resource industries. The Aker companies share a common set of values and a long tradition of industrial innovation. Through its majority-owned holding company Aker Holding AS, Aker controls 40.27 percent of the shares in Aker Solutions, and takes an active role in the development of the company.

Aker Solutions' Process and Construction business area is a global provider of onshore engineering, procurement, construction and commissioning services to the natural resources and energy markets. We supply niche process expertise with high technology and know-how content for projects across chemicals, polymers, gas processing and refining; mining and metals; onshore liquefied natural gas (LNG) terminals and storage; power generation; biofuels; carbon capture; nuclear and water management.

For further information, please contact:
Media:
Kim Corbin,
Regional Communications Manager
Tel: +1 304 380 6601

Investor relations:
Lasse Torkildsen,
SVP Investor Relations,
Aker Solutions.
Tel: +47 67 51 30 39,
Mob: +47 911 37 194

Suppliers:
For further information about sourcing and potential subcontracts for this project, please contact

Rodger Liang,
Global Sourcing Champion,
Process & Construction
Tel: +86 10 640 966 36.

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