2014-06-26 Investor News
Alfa Laval wins SEK 50 million natural gas order in Russia
Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has won an order to supply heat exchangers to a natural gas stabilization plant in Russia. The order is worth approximately SEK 50 million with delivery scheduled for 2015.
Alfa Laval’s compact welded heat exchangers will be used for heating and cooling the gas condensate, making it suitable for transport. The demands on the equipment are particularly high as the gas condensate originates from a reservoir, located several thousand meters below the ground, with very high pressure and temperature.
“The pressure and the temperature are still very high as the gas condensate reaches the surface, where the plant is located, requiring reliable equipment. This order proves that our compact heat exchangers meet these high demands,” says Lars Renström, President and CEO of the Alfa Laval Group.
The order is booked in the Energy & Process segment of the Process Technology division. With the old organization it would have been booked in the Energy & Environment segment.
Did you know that… gas condensate is a low-density mixture of hydrocarbon liquids present as gaseous components in natural gas fields and it condenses out of the raw gas when pressure and temperature decrease as a result of drilling the well?
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 2013, posted annual sales of about SEK 29.8 billion (approx. 3.5 billion Euros). The company has today, after the acquisition of Frank Mohn AS about 17 500 employees.
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