2015-03-30 Financial news
Alfa Laval wins SEK 70 million natural gas order in the U.S.
Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has won an order to supply air cooler systems to a natural gas plant in the US. The order, booked in the Energy & Process segment, has a value of approximately SEK 70 million. Delivery is scheduled for 2015 and 2016.
The air cooler systems will be used to cool the main process streams at the natural gas plant. In the cooling process natural gas liquids (NGL) are separated from the gas and then fractionated (distilled) into ethane, propane and butane. These fluids can then be used, for example, as feed stock for petrochemical plants, for household heating or as fuel for vehicles.
“This is the second large natural gas order in short time and it proves our strong position as reliable supplier to the demanding oil and gas industry,” says Lars Renström, President and CEO of the Alfa Laval Group.
Did you know that… NGLs are considered “by-products” in the oil and gas industry and that gas plants extract NGLs for profit and/or to ensure production of pipeline quality natural gas?
About Alfa Laval
Alfa Laval is a leading global provider of specialized products and engineering solutions based on its key technologies of heat transfer, separation and fluid handling.
The company’s equipment, systems and services are dedicated to assisting customers in optimizing the performance of their processes. The solutions help them to heat, cool, separate and transport products in industries that produce food and beverages, chemicals and petrochemicals, pharmaceuticals, starch, sugar and ethanol.
Alfa Laval’s products are also used in power plants, aboard ships, oil and gas exploration, in the mechanical engineering industry, in the mining industry and for wastewater treatment, as well as for comfort climate and refrigeration applications.
Alfa Laval’s worldwide organization works closely with customers in nearly 100 countries to help them stay ahead in the global arena.
Alfa Laval is listed on Nasdaq OMX, and, in 2014, posted annual sales of about SEK 35.1 billion (approx. 3.85 billion Euros). The company has about 18 000 employees.
For more information please contact:
Senior Vice President, Communications
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Tel: +46 46 36 74 82
Mobile: +46 709 78 74 82