Graham Corporation, a global business that designs, manufactures and sells critical equipment for the oil refining, petrochemical and power industries, secured four new orders for oil refining and chemical industry projects worth approx. USD 7.5M in all.
Graham, which has significant market share in China for distillation column vacuum systems for oil refineries, will engineer and manufacture an ejector system for a new oil refinery currently under construction in China. The ejector system is scheduled for shipment in approximately 12 months.
Two separate orders are for U.S. petrochemical facilities investing in incremental capacity because of the availability of low-cost natural gas that serves as a primary feedstock and energy source for the petrochemical plants. Each plant requires steam surface condensers and planned shipment is within 12 months.
The company’s fourth project is for a liquid ring compressor package for an upgrader application in the Canadian oil sands region. This package will be shipped in approximately 18 months.
James R. Lines, Graham’s president and CEO, commented, “I believe that these wins are a reflection of the ongoing improvement in our oil refining and petrochemicals markets and are a testament to the success we are having with our sales and marketing strategy to expand our opportunities.”