Wärtsilä successfully tests new 2-stroke dual...

Wärtsilä Corporation, Trade & Technical press release, 23 September 2011 The on-going tests show that the Wärtsilä 2-stroke gas engine performance is in compliance with the upcoming IMO Tier III NOx emission limits, thereby setting a new benchmark for low-speed engines running on gas. Wärtsilä, the marine industry's leading solutions provider, has successfully tested its new low-speed gas engine technology in trials conducted at the company's facilities in Trieste, Italy. The tests were carried out on September 19 in conjunction with Wärtsilä's Licensees Conference in Trieste. Wärtsilä successfully demonstrated that the engine performance fully complies with the upcoming IMO Tier III nitrogen oxide (NOx) limits, thereby setting a new benchmark for low-speed engines running on gas. The new RTX5 2-stroke test engine is part of Wärtsilä's 2-stroke dual-fuel gas engine technology development programme. This is an important part of the company's strategy to lower emissions, increase efficiency and to develop its low-speed engine portfolio to include dual-fuel gas engines alongside its medium-speed dual-fuel engines. "The decision to initiate this project was announced in February 2011, just seven months ago. The fact that we have already conducted a successful test shows that our gas engine technology is at the forefront of meeting the future needs of shipping, a future that stipulates more stringent environmental regulation. This further highlights Wärtsilä's leading in-house know-how, professional approach and overall competence in this field," says Lars Anderson, Vice President, Wärtsilä Ship Power Merchant. The tests with the RTX5 engine will continue during the autumn and winter of this year, and into 2012. More details about the engine technology and its performance will be announced upon completion of the programme. The running of the test during the company's Licensees Conference is significant in that the company's low-speed engines are produced by specialised engine manufacturing companies under license. The licensees market, manufacture and sell the engines under agreed conditions. Wärtsilä has established a world-wide network of 19 licensees for manufacturing 2-stroke engines. These are located mainly in Asia (Japan, Korea, China, Vietnam), but also in Europe (Croatia, Poland and Russia) and South America (Brazil). Reducing environmental footprint with LNG Environmental regulations are becoming increasingly stringent. The IMO's (International Maritime Organization) Tier III regulations, which will come into force in 2016, stipulate that NOx (nitrogen oxides) emissions must be cut by 80 per cent compared to the IMO Tier I levels. The use of liquefied natural gas (LNG) as a marine fuel is widely seen as being the most realistic means of reducing the marine industry's environmental footprint. When operating in gas mode, vessel emissions of nitrogen oxide (NOx), sulphur oxide (SOx), carbon dioxide (CO2), and particle matter are heavily reduced. At the same time, LNG fuel is often found to be more competitively priced than conventional liquid fuels, thus enabling ship owners and operators to achieve important operational cost savings. Wärtsilä has more than 40 years of experience in gas engine applications for the marine sector. However, the real breakthrough came with the introduction of the company's dual-fuel engine technology in the mid 1990s. Today, Wärtsilä is the recognized global leader in gas engine applications for both the marine and power plant industries. Wärtsilä has also recently announced that its dual-fuel medium speed engines have exceeded three million running hours in both land- based and marine applications. This milestone represents a dual-fuel technology track record that cannot be matched by any other engine manufacturer. See below links to press releases: 20 September 2011: Wärtsilä dual-fuel engines exceed 3 million running hours 16 February 2011:Wärtsilä initiates major project to further develop low-speed gas engines For further information, please contact: Lars Anderson Vice President, Merchant Wärtsilä Ship Power Tel. +41 79 820 09 04 lars.anderson@wartsila.com Tuula Franck Senior Manager, Media and Stakeholder Relations Wärtsilä Corporation Tel. +358 (0)400 267 555 tuula.franck@wartsila.com Wärtsilä in brief Wärtsilä is a global leader in complete lifecycle power solutions for the marine and energy markets. By emphasising technological innovation and total efficiency, Wärtsilä maximises the environmental and economic performance of the vessels and power plants of its customers. In 2010, Wärtsilä's net sales totalled EUR 4.6 billion with more than 17,500 employees. The company has operations in 160 locations in 70 countries around the world. Wärtsilä is listed on the NASDAQ OMX Helsinki, Finland. www.wartsila.com This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Wärtsilä Oyj Abp via Thomson Reuters ONE [HUG#1549176]
UK 100

Latest directors dealings