25-09-2013
PMFG awarded three new orders
PMFG, Inc today announced that it has been awarded three separate contracts with a combined value of over $7 million. In our Environmental Systems segment, we were awarded two projects. The first project is an SCR/CO exhaust system to be installed in a simple-cycle natural gas fired turbine application. This equipment will reduce both NOX and CO emissions by at least 90% for an electric power generation unit being installed in the north eastern region of the U.S. The second project is for an SCR system to be used in a refinery application in the upper Midwest. This SCR system is part of the customer's $400 million improvement plan to several process units intended to expand the refinery's overall capacity. In our Process Products segment, we were awarded a project for a replacement steam dryer to be installed in a nuclear power plant in northern Europe. The steam drier is part of this facility's life extension process.
Peter J. Burlage, PMFG's chief executive officer said, "As we outlined in our recent year end conference call, we expect the power generation, natural gas valuation chain and the refinery markets to be key drivers for our company. These wins are certainly representative of the opportunities within these markets and I expect they will continue to play a significant role for us in fiscal 2014 and beyond. We experienced a solid performance from our Environmental Systems division in fiscal 2013 and it is encouraging to see the momentum has continued into the first quarter of fiscal 2014 with two new wins. I am also pleased to see activity in the EMEA region, where economic and political conditions have dampened demand over the past few quarters. This order is another one of the many nuclear power plants that will go thru a re-licensing process in the coming years, of which we expect most of them to increase their steam production resulting in an opportunity for PMFG to sell replacement dryers and separators."
News Category:
-
Beyond processbook & PI vision: Exploring today’s industrial analytics tools
(Webinar) - In the Manufacturing 4.0 era, industrial organizations have more data at their fingertips than ever, offering the promise of higher production rates, more ...
04-06-2024
-
Clariant launches new CATOFIN® 312 propane dehydrogenation catalyst
Clariant, a sustainability-focused specialty chemical company, today announced the launch of CATOFIN 312, its latest propane dehydrogenation catalyst. The new catalyst ...
16-04-2024
-
Yokogawa and GridBeyond conclude investment and strategic partnership agreements
Yokogawa Electric Corporation and energy IT solutions provider GridBeyond of Ireland announce that they have concluded a strategic partnership agreement. Furthermore, ...
16-04-2024
-
Heraeus Precious Metals launches Circlear
Heraeus Precious Metals, a globally leading company in the precious metals industry and one of the largest recyclers of precious metals, has introduced its new offering ...
16-04-2024
-
EMA and JERA to cooperate on LNG procurement and supply chains
The Energy Market Authority and JERA Co Inc, have signed a Memorandum of Understanding to cooperate on mutually beneficial areas in liquefied natural gas procurement ...
16-04-2024
-
Hexagon and Dragos unveil technical partnership to strengthen industrial cybersecurity
Hexagon’s Asset Lifecycle Intelligence division today announced a strategic partnership with Dragos, a global leader in cybersecurity for operational technology (OT). ...
16-04-2024
-
Radix partners with Cleopatra Enterprise to enhance project controls and turnaround management
Radix, a global technology solutions company, announced the signing of a partnership agreement with Cleopatra Enterprise, a leading project cost management software company. ...
16-04-2024
-
Rhône Energies in talks to buy Fos-sur-Mer refinery
Rhône Energies, a consortium of Entara LLC and Trafigura Pte Ltd, has entered into exclusive negotiations to acquire the Fos-sur-Mer refinery and the Toulouse and Villette ...
14-04-2024
-
Cenovus Energy to invest in Toledo and Lima refineries
Canada's Cenovus Energy said it will spend more than $1.5 billion on its 160,000 b/d Toledo and 185,000 b/d Lima refineries in Ohio over the next five years and expand ...
11-04-2024
-
Black & Veatch to proceed for FLNG project in Canada
Black & Veatch’s proven PRICO® liquefaction technology solidifies preferred status in the FLNG market. Global liquefied natural gas (LNG) infrastructure solutions ...
11-04-2024