Tenova Re Energy signed a contract with Hyundai Steel for the supply of two iRecovery® systems for Hyundai’s plant in Incheon, South Korea. The heat-recovery systems have to be installed on a 90-ton and an 80-ton EAF. The design of iRecovery systems is based on an evaporative cooling system that uses water at boiling point under high pressure. Such water, used as a cooling fluid, is forced into the cooling circuit. The absorption of energy coming from the EAF off-gases converts part of the cooling water into steam available for further applications. Industrial steam is available for applications like vacuum degassing or power generation. Start-up of the first system is scheduled for March 2013, while the second will be put into operation as early as August 2012.