General Electric : GE Oil & Gas awarded contract by Lucart for installation of new NovaLT12 Gas Turbine in Italy

Florence, May 16 2017: GE Oil & Gas (NYSE: GE) has signed an agreement for the provision of two of its new NovaLT12 gas turbines for cogeneration applications (CHP) to two paper mills in Tuscany, Italy, owned by Lucart Group, an Italian multinational, leader in the production of monolucid papers, tissue and airlaid products in Europe. This deal will create operational and environmental efficiencies for Lucart as well as further GE's position as a leader in the power generation market.

The NovaLT12 turbines have been designed for higher efficiency and lower total cost of ownership than its market peers. Lucart is replacing its current GE turbine units with GE's latest NovaLT12 technology.

'The installation of our NovaLT12 turbines at Lucart's plants is another example of our leading power generation capabilities, and demonstrates our steadfast commitment to constantly improving our products', said Michele Stangarone, President & CEO Europe, GE Oil & Gas. 'This project builds on our longstanding relationship with Lucart and shows our ongoing dedication to creating efficiencies for our customers.'

'We have been the first company in the sector to focus on the self-production of electricity and steam with cogeneration turbines to reduce CO2 emissions at our plants and today we continue the process of efficiency of our production plants' - said Massimo Pasquini, Chief Executive Officer of Lucart - 'GE Oil & Gas is our historic technology partner since 1988 and thanks to this new investment involving two of our plants in Tuscany we will be able to carry on our business plan. This new technology will not only increase our working efficiency, but will reduce NOx and CO2 emissions to help us reduce our carbon footprint. We look forward to working further with GE Oil & Gas in the future and building on our partnership.'

The scope of supply also includes two fuel gas compressors, a Contractual Service Agreement (CSA) covering 140,000 firing hours for each train. Both units will be in operation by summer 2020.

The NovaLT12 joins GE Oil & Gas's growing family of industrial gas turbines, which includes the NovaLT16 and NovaLT5 units. The standard model of the NovaLT12 turbine can deliver 12.6 MW, while design options will be included for requirements from 10.5 MW to 13.9 MW. As with the whole NovaLT family, the product features a modular built to significantly reduce customised engineering needs, which in turn enhances delivery time and saves total cost to customers.

The NovaLT12 is 12% smaller than the NovaLT16 and can operate at up to 37% efficiency when working at full load. The turbine features HPT end-wall contouring to further increase efficiency and minimises oil leakage and associated maintenance with integral exhaust casing and LPT bearing housing. The turbine was designed for easy maintenance through simplified engine architecture and features increased operating flexibility with inner and outer baffle redesign for more tuneable dynamic behaviour.

The NovaLT suite of products is designed to accommodate an increasing trend for distributed power generation closer to the point of consumption. With efficiency up to 85% in cogeneration applications, GE's NovaLT family of gas turbines represent the most advanced solution to produce heat and power.

As part of this effort to continuously improve operations capabilities, GE Oil & Gas is now running a NovaLT16 continuous operation on the electrical grid in a dedicated power gen station at its Florence facility. Certified by a third party, the targeted completion is 8,000 hours.

The NovaLT12 was launched officially at the 2017 GE Oil & Gas Annual Meeting, which took place on January 30-31 in Florence, Italy after a premiere at the Power-Gen International conference in Orlando, Florida last December.

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About GE

GE (NYSE: GE) is the world's Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the 'GE Store,' through which each business shares and accesses the same technology, markets, structure and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry. www.ge.com

GE Oil & Gas

GE Oil & Gas is inventing the next industrial era in the oil and gas sector. In our labs and factories, and in the field, we constantly push the boundaries of technology to solve today's toughest operational & commercial challenges. We have the skills, knowledge and technical expertise to bring together the physical and digital worlds to fuel the future.

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Lucart

Lucart, a multinational Italian industrial group founded in 1953 by the initiative of Pasquini's family, is leader in Europe of mono-glazed paper, tissue products (paper articles intended for daily consumption, such as toilet paper, kitchen paper, napkins, tablecloths, handkerchiefs, etc.) and airlaid products. The company's production activities are distributed over 3 Business Units (Business to Business, Away from Home and Consumer) operating in the development and sales of various products with distinctive brands such as Tenderly, Tutto, Grazie Natural and Smile (Consumer area), Lucart Professional, Tenderly Professional, Fato and Velo (Away from Home area). Lucart's production capacity is more than 300,000 tons of paper/year, split over 10 continuous machines and 58 converting lines. The consolidated turnover is equal to about € 400 million, with a total workforce of 1,300 employees, 7 production plants (5 in Italy, 1 in France and 1 in Hungary).

For further information, please visit the website www.lucartgroup.com

Lucart is also on:

LinkedIn: https://it.linkedin.com/company/lucart-group

Twitter: https://twitter.com/lucartgroup