Danish construction materials sector services and equipment supplier FLSmidth & Co. A/S (FLS.KO) said Monday it has signed a global licencing agreement with Australian company Wasabi Energy Ltd. (WAS.AU) for its Kalina Cycle technology, which converts waste heat to power.

MAIN FACTS:

- According to the agreement, FLSmidth obtains exclusive rights to offer the Kalina Cycle technology to the cement and lime manufacturing industry globally, except in a few countries where existing licenses are present.

- The Kalina Cycle technology is able to recover waste heat from industrial process gas streams and convert it to usable electrical energy.

- FLSmidth said the agreement enables it to offer customers a waste heat system that will lower plant operating costs and reduce Co2 emissions and water consumption.

 
-By Copenhagen Bureau, Dow Jones Newswires; +45 33 12 44 88; flemming.hansen@dowjones.com
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