Climeon has signed a 1.1 MEUR contract with UAB Termolink in Lithuania for the sale of Climeon’s HeatPower 300 waste heat recovery system, which will provide on-site clean electricity at NEO GROUP’s PET resins production facility.
The order consists of two HeatPower 300 modules, Climeon’s latest HeatPower technology, and will be delivered and installed in the first half of 2024. Recovering on-site waste heat for power production will increase energy efficiency at NEO GROUP’s plant in Klaipeda.
Engineering, procurement and construction (EPC) firm, Termolink, will be responsible for installing the HeatPower 300 modules at NEO GROUP’s plant, with Climeon’s team commissioning the waste heat recovery units. Climeon’s HeatPower 300 technology converts waste heat into clean, carbon-free electricity. By increasing on-site energy efficiency, HeatPower 300 empowers industrial companies to reduce emissions and transition to a more sustainable future.
For more information, please contact:
Lena Sundquist, CEO, Climeon
+46 708 345 228
lena.sundquist@climeon.com
Carl Arnesson, CFO, Climeon
+46 700 80 75 00
carl.arnesson@climeon.com
About UAB Termolink
Termolink provides technical solutions for the construction, reconstruction, modernization, repair and technical service of energy facilities. The company manufactures, designs, assembles, installs, performs start-up and tuning works, operates commercial and industrial boilers, fueled with biofuel, gas, liquid fuel. Visit termolink.lt to learn more.
About NEO GROUP UAB
NEO GROUP is one of the largest producers of polyethene terephthalate (PET) resin in Europe, located near the port of Klaipėda. It started its activities in Lithuania in 2004 and still is the largest greenfield investment in Lithuania. Currently, the factory produces over 450 thousand tonnes of PET resin annually, corresponding to 14% of total European production of PET resin for food and beverage packaging. Visit neogroup.eu to learn more.
