Metso Outotec licenses straight grate pelletizing to Primetals Technologies

Metso Outotec, Finland grants license to Primetals Technologies for straight grate iron ore pelletizing technology for the Indian market.
Metso Outotec, Finland grants license to Primetals Technologies for straight grate iron ore pelletizing technology for the Indian market.

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 Technologies to design, engineer, supply and commission pelletizing 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 Technologies 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 Technologies also offers Circular Pelletizing Plants for smaller capacities up to 2 million tons per year and this agreement with Metso Outotec supports our activities to provide iron ore pellet plants up to 8 million tons per year in India,” he adds.

Primetals Technologies’ 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. Maximized localization of engineering services and manufacturing of equipment through Primetals Technologies India will increase the attractiveness of offerings for the Indian market.