Daldrup & Söhne AG

  • WKN: 783057
  • ISIN: DE0007830572
  • Land: Deutschland

Nachricht vom 18.09.2017 | 07:00

Daldrup & Söhne AG receives order for third geothermal drilling in Belgium

DGAP-News: Daldrup & Söhne AG / Key word(s): Incoming Orders

18.09.2017 / 07:00
The issuer is solely responsible for the content of this announcement.


CORPORATE NEWS

 


Daldrup & Söhne AG receives order for third geothermal drilling in Belgium

Grünwald / Ascheberg, Germany, September 18, 2017 - The drilling technology and geothermics specialist Daldrup & Söhne AG (ISIN DE0007830572) has been commissioned to drill the third of five possible geothermal doublets for Belgian company Vito N.V., Mol. Work is projected to start in October 2017 and should be concluded within four months. The client is planning to connect to an aquifer that has a temperature of around 120 Celsius and is located at a depth of up to 5.000 meters, with the geothermal energy to be used to produce heat and energy. The contract further increases the Daldrup Group's volume or orders so that the company will be working to capacity well into 2019.

Daldrup had successfully sunk the first two geothermal drillings for Vito in 2015/2016. They were the first deep geothermal doublets ever drilled in Belgium. The thermal water has a temperature of 120 Celsius, which enables Vito to carry out its plan to use the thus generated thermal energy to heat a large office complex as well as other projects.

Daldrup & Söhne AG assumes that the political climate in Belgium is increasingly shifting in favour of geothermal energy. From Daldrup's standpoint the use of geothermal energy could be seen as a high-potential building bloc of the country's strategy to increasingly use renewable energies. While at the same time, reducing Belgiums dependency on conventional fossil and nuclear based types of production of heat and power.

About Daldrup & Söhne AG
Daldrup & Söhne AG (ISIN: DE0007830572, WKN: 783057) with a corporate history spanning more than 60 years is a specialist provider of drilling and environmental services and ranks as one of the leading companies in Germany. Its activities are divided into the business divisions Geothermics, Raw Materials & Exploration, Water Extraction as well as Environment, Development & Services (EDS). The Geothermics business division provides drilling services for near-surface geothermics (especially geothermal probes of heat pumps), along with drilling services for deep geothermics up to 6000 m, in order to utilise the geothermal energy accessible in this way for electricity and/or heat generation. In the Raw Materials and Exploration business division, the bores made by Daldrup & Söhne AG serve for exploring and developing fossil fuel deposits (especially coal and gas) as well as mineral resources and ores (e.g. copper and gold). The Water Extraction business division comprises well construction for the extraction of drinking, service, curative, mineral, boiler-feed or cooling water as well thermal brine. The Environment, Development & Services (EDS) business division comprises special environmental engineering services such as the hydraulic clean-up of contaminated sites, the drilling of gas extraction wells for recovering waste dump gas, the provision of groundwater quality measuring points or the installation of water purification plants.

The majority stake in Geysir Europe GmbH also gives the Daldrup Group its own fields of experience in the exploration of geothermal energy in the Bavarian Molasse Basin and in the Upper Rhine Plain. The existing project management and power station expertise means that all stages of value creation can be covered for a deep geothermics project.

The shares of Daldrup & Söhne AG are listed in the Scale (sub-segment in the open market of the Frankfurt Stock Exchange).

Disclaimer
This publication represents neither an offer for sale nor a call to submit a tender for the purchase or underwriting of securities. This publication and the information it contains is not intended for direct or indirect dissemination in or within the United States of America ("USA"), Canada, Australia or Japan.

Press & Investor Relations Contact

Daldrup & Söhne AG
Falk v. Kriegsheim
Phone +49 (0)2593-9593-29
Fax +49 (0)2593-9593-60
Bavariafilmplatz 7 ir@daldrup.eu
82031 Grünwald/Geiselgasteig www.daldrup.eu



18.09.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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