The agreement to install up to 25 PWR BLOK waste gas to energy units with one of South Africa’s largest ferrochrome producers moves Swedish Stirling into full commerciality in our view with project revenue expected at SEK 40m. The agreement shows that the company has a product that the industry will buy in scale and we think represents genuine traction giving us comfort in our forecasts.
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Swedish Stirling - major agreement signed
- Published:
28 Feb 2020 -
Author:
Adam Forsyth -
Pages:
3
The agreement to install up to 25 PWR BLOK waste gas to energy units with one of South Africa’s largest ferrochrome producers moves Swedish Stirling into full commerciality in our view with project revenue expected at SEK 40m. The agreement shows that the company has a product that the industry will buy in scale and we think represents genuine traction giving us comfort in our forecasts.