The new Chinese methods may be equally applicable for separating the metals in the FGD generated feedstock.
The interest in lithium from coal is increasing with a number of papers on the subject. Coal could become a major source of lithium, according to a team led by professor Shenjun Qin, of Hebei University of Engineering (Handan, China; www.hebeu.edu.cn). From available data, the concentration of lithium in most coal varies between 10 and 50 µg/g. For example, the concentration of lithium in flyash samples is between 65 and 287 µg/g in South Africa and an average of 46 µg/g in China. Using two analytical techniques — inductively coupled plasma mass spectroscopy (ICP-MS), and ICP atomic emission spectroscopy (ICP-AES) — the team has found Li dispersed, and even anomalously enriched in coal deposits. But in general, it says the analysis for Li has been largely neglected, with no specific discussion reported regarding Li concentrations in coal and coal ash.
McIlvaine has a market report on the lithium production market. GEA is a major supplier of the centrifuges and other extraction equipment used in the processes being employed in Australia and Chile.
Saltworks offers EDR System with New Sensor for FGD Chloride Reduction
Saltworks, a Canadian company supplying desalination and zero liquid discharge systems has shipped a pilot Flex EDR system to the southern United States for the purpose of cleaning up coal fired power wastewater. Saltworks' system will use proprietary IonFlux ion exchange membranes to selectively remove chlorides, enabling internal recycling of water. The innovation is partially enabled by a new ion-specific sensor, developed by Saltworks, that can also help miners and the oil and gas industry measure and adjust to sulfate or calcium load in real time The product is built on the backbone of 50-year-old Electrodialysis Reversal (EDR) technology, which is the second most widely used membrane desalination technology, with full scale production already in place. After completing its U.S. pilot, the plant will be sent to China.
The AirBreather is a waste heat driven evaporator-crystallizer for produced water disposal from shale gas extraction. With SDTC’s investment, the AirBreather will be demonstrated in industry and scaled up for commercial roll out, where it can improve the competitiveness and sustainability of Canadian natural gas.
Sustainable Development Technology Canada (SDTC) is a foundation created by the Government of Canada to support Canadian companies with the potential to become world leaders in their efforts to develop and demonstrate new environmental technologies that address climate change, clean air, clean water and clean soil.
SPX Flow Inc to divest its Power and Energy Business.
SX Power and Energy specializes in mission critical severe duty pumps, valves, filtration products and aftermarket parts and services for energy and power customers. The brands included in the divesture process are M&J Valve, ClydeUnion Pumps, S&N Pumps, Copes-Vulcan, Dollinger, Plenty, Airpel and GD Engineering. The business has annual revenues of around US$500 million and is headed up by president José Larios.
SPX Flow intends to focus its growth strategy on building a premier process solutions enterprise around its current Food and Beverage segment, Industrial segment and Bran+Luebbe metering pumps product line.
“After a thorough strategic review of our product lines, core competencies and customer segments, we have determined that there are nuances in the value proposition to customers in highly specific process applications as compared to flow control applications,” said Marc Michael, president and CEO of SPX Flow. “To best serve customers in both these areas, we have chosen to narrow our strategic focus on differentiated process technologies and to pursue a divestiture of our Power and Energy business.”
“By divesting Power and Energy, we will reduce our exposure to cyclical energy markets and devote our full attention on building a premier process solutions enterprise with high quality, recurring revenue streams, mid-teens EBITDA margins and double-digit return on invested capital,” added Michael.
With annual revenue of around US$1.6 billion, Process Solutions is comprised of the current Food and Beverage and Industrial reportable segments and the Bran+Luebbe metering pump product line. Brands include APV, Waukesha-Cherry Burrell, Lightnin, Gerstenberg Schroeder, Seital, Bran+Luebbe, Hankinson, Power Team and Johnson Pump. These brands primarily serve the sanitary and industrial markets, with a concentration in food and beverage, chemical, pharmaceutical and general industrial markets.
Dwight Gibson, currently president of Food and Beverage, will lead one combined commercial team. He will work closely with Ty Jeffers, vice president of Global Manufacturing and Supply Chain, to optimize and leverage the company’s lean approach, “Pathway to Excellence”, and to modernize factories and create capacity for growth.
Power Industry will Spend $ 3.2 billion for Pumps Next Year
Power plant purchasers will spend $3.2 billion for pumps next year. Sixty-seven percent of the purchases will be for Asian power plants. Decades ago many pump decisions for Asian power plants were made in other regions by international power plant developers. Today many Chinese power plant developers are making pump decisions for Africa, the Middle East, and Turkey.
Most power plant operators including those in Asia are making decisions based on lowest total cost of ownership. This provides a window of opportunity for international suppliers with better products.
The challenge for international pump companies is to reach the decision makers. New plants are being built in seven African countries which already have some coal fired capacity. Another eleven African countries will be installing coal fired power plants for the first time. Vietnam is planning to move forward with an additional 40,000 MW of coal plants. Indonesia will add another 30,000 MW while Bangladesh with Chinese help is adding 25,000 MW of coal plants.
More money will be spent for pump replacement and repair than for pumps at new plants. There are already 2 million MW of coal fired plants installed worldwide. The base will increase by 270,000 MW in the next decade even with the retirements in some countries. An additional pump market is created by SO2 emission limits being applied in India and other Asian countries. The new regulations are also being applied in Africa. This means large FGD slurry pumps will be installed at many existing plants as well as at most new plants.
Regulations regarding water pollution are forcing plants to install treatment systems which include pumps needed to move the wastewater through filtration equipment.
The top fifty owners will buy more than 50 percent of all the power plant pumps. The top dozen will spend $200 million or more on pumps each year.
More than 8,000 owners will spend at least $70,000 for pumps each year. McIlvaine can supply forecasts for pump purchases for 1300 owners operating 10,000 plants burning coal for either electricity generation or for industrial use. Many of the new plants in Africa are solely for providing power for mining operations. Pump purchase forecasts can also be supplied for thousands of gas turbine, biomass, and geothermal power plant owners. Detailed forecasts are also available for nuclear pump purchases.
There are multiple tracking systems to identify each new project. A weekly Utility E-Alert provides the latest insights. The individual services which can be combined in a package are linked below.
59EI Gas Turbine and Reciprocating Engine Supplier Program
A whole program built around individual owner forecasts’ is explained at www.mcilvainecompany.com
Avingtrans moves Into Profit As Hayward Tyler Takeover Delivers
Avingtrans PLC swung to an interim profit with its Hayward Tyler Group acquisition helping to drive revenue growth. Revenue for the six months to November 30 was GBP47.7 million, from GBP26.9 million a year prior, helped by both Hayward Tyler as well as organic growth of 11%.
Avingtrans, which makes equipment and systems for the energy and medical sectors, bought Hayward Tyler in a reverse takeover in the summer of 2017 in an all share deal.
Pretax profit came in at GBP649,000, after a GBP4.8 million loss a year before. On an adjusted basis pretax profit was GBP1.6 million, swinging from a GBP100,000 loss. The comparison period was impacted by one-off costs related to the reverse takeover. Avingtrans increased its interim dividend by 7.7% to 1.4 pence per share.
"The former Hayward Tyler Group businesses have continued to improve financially post-acquisition and we are engaged in the investment and development phase of our stated PIE strategy," said Chair Roger McDowell.
"This will enable us to fully realize the underlying value of the Hayward Tyler and Peter Brotherhood businesses. Our main business units are performing well. We continue to make good progress with new business - especially in nuclear," he continued.
Hayward Tyler is a recognized worldwide leading manufacturer of glandless wet stator circulating pumps for the power industry.
The company invented the technology over 60 years ago and now have more than 2,300 units operating in both nuclear and conventional fossil-fueled power generating plants. These include GT combined cycle, fluidised bed, and coal gasification installations.
Hayward Tyler has secured two new contracts worth over US$6m from U.S. and South Korea customers. The contracts are to provide critical pumps and spare parts to nuclear reactors in the U.S. and South Korea for Essential Service Water pumps. The U.S. contract is with one of the country’s leading nuclear operators and is a significant increase in size of contract for this particular customer, so represents an important breakthrough for the company. Hayward Tyler has been an original equipment supplier of nuclear pumps and spare parts to the global nuclear industry, including Korea Hydro & Nuclear Power, for over 50 years.
These latest orders, for spare parts and pumps to upgrade and refurbish existing nuclear power plants, takes the total value of nuclear orders received this financial year to US$14m. Hayward Tyler Inc., located in Vermont USA, continues to support global nuclear operations with parts, units, and technical support through its team of nuclear professionals and the underlying nuclear quality program.
Mike Turmelle, Managing Director of the Engineered Pumps and Motor division said: “Support to nuclear power station operators across the globe is a key part of the Hayward Tyler business. We are dedicated to supporting our international nuclear customers to drive down operating cost as well as increasing the reliability and safety of the systems that our pumps operate in. The nuclear industry must continue to deliver affordable, safe, low carbon energy as part of a balanced global energy solution. The whole team at Hayward Tyler are proud to be part of the nuclear supply chain and this order is testament to their dedication, professionalism and long-term commitment to the industry.”
Peter Brotherhood is a world leader in designing, manufacturing and servicing steam turbines and turbine generator (TG) sets up to 40 MW. With thousands of steam turbine installations in more than 140 countries
Valve Cost of Ownership reduced at Canadian Power Plant
At a Canadian power plant Armour Valve provided a program to improve valve total cost of ownership .As a result, the power plant valves could be inspected, maintained, repaired and replaced in one week instead of four weeks. Every year, valve performance consistently improved. The valve repair success rate increased from less than 50 percent to greater than 90 percent. In the most severe applications, valve life cycle improved from six months to two years. Average valve life cycle improved to three to 10 years, with some valves performing far beyond that. Today, with more than 500 valves installed at the power plant, valve performance has improved so dramatically that Armour Valve only needs to visit the plant for routine valve maintenance every two years.
Over the lifetime of this power plant, the estimated savings achieved from proper valve specification, installation and maintenance is millions of dollars. These cost savings, combined with the dramatic decrease in job stress, should make the owners and operators of any power plant rethink their strategies. Diligent valve maintenance may not be glamorous and is certainly easier said than done, but it is well worth the investment. It is a classic example of “pay some now or pay greater later.”
The Valve Industry in China has changed since This Article was Written
This undated Valve World interview sets a point in time where the procurement of valves for use in power plants in China was still based on cost. Quality, safety and industry standards were secondary issues. Valve World spoke with Mr Zhang Chuanhu of the Valve Standardization Technical Committee of China Electricity Council, amongst other roles.
ZC: I am currently the vice chairman of the Valve Standardization Technical Committee of China Electricity Council, member of China Electricity Boiler and Pressure Vessels Qualification Exams Committee, professor and examiner at China National Quality Supervision of Valve Security and Maintenance Personnel Examination and Certification, and consultant of Thermal Power Generation magazine. I am also the general manager of Wuhan Huake Energy Environment Science & Technology Co., Ltd.
VW: What is your opinion on the development of the current Chinese market and power industry over the past years?
ZC: I have been in the power station valves industry for more than 21 years, and clients are generally very serious about boiler safety valves, control valves, and other high-end valves. The end users in power industry usually use international brands, but they still favor the strategy of lowest-price bids, which leads to many international brands with different levels of quality bidding for the same project. Then after the valves are put into operation, the operators have to repurchase new valves at which time plants often then switch to higher end imported products. Competition for lower prices has brought bad consequences to the safety and stability of operating machines economically.
The Tale of Two Valve Companies
Chinese valve companies and Chinese valve purchasers run the gamut in terms of honesty and willingness to honor intellectual intelligence assets. Thermo Fisher has demonstrated faith in their Chinese workers by locating all their air pollution research and development in China. Neway Valve is an example of a Chinese valve company which has become a trusted international supplier of the most critical valves used in the nuclear industry. China Valves is possibly at the other end of the spectrum.
On April 23, 2019, a Nevada judge issued a warrant for the immediate arrest of Siping Fang, Chairman of Nasdaq-delisted China Valves Technology, Inc. The judge's order instructed that the arrest warrant be lodged with law enforcement agencies including Interpol and the National Crime Information Center. Fang had served as representative of the 10th and 11th People's Congress of Henan Province. Fang also served as Member of the 12th Standing Committee of Kaifeng Municipal People's Congress. A prominent businessman, Fang was for two terms Chairman of the PRC Valve Industry Association.
More than 50 U.S. listed Chinese companies including China Valves were either delisted or halted from trading in 2011 and 2012 based on claims of fraud and other violations of U.S. securities laws. A number of others were the target of short sellers and changed auditors more than once in some cases.
“Billions of dollars of market capitalization of such companies have been lost in U.S. securities markets and it is fair to say that all of these smaller China-based companies listed on U.S. securities exchanges have suffered serious losses of both market value and investor confidence as a result of the problems of other companies,” said Lew Ferguson, board member of the Public Company Accounting Oversight Board.
On May 13, 2015, the Honorable Reggie B. Walton of the United States District Court for the District of Columbia entered final judgments by consent against defendants China Valves Technology, Inc. ("China Valves"), its Chairman and former CEO, Siping Fang ("Fang"), and its CFO, Renrui Tang ("Tang"). The final judgments: (i) permanently enjoin the defendants from future violations of the anti-fraud, reporting, recordkeeping, and internal controls provisions of the federal securities laws.
China Valves Technology Inc. supplies valves and services in China and internationally. It offers valves, actuators, forging and castings, valve locks, and related services nuclear power, fossil power, hydropower, oil & gas, chemical and petrochemical, water treatment, and other industries. The company is headquartered in Zhengzhou, China.
Chief Executive Officer
Founder, Chairman and President
Chief Financial Officer
Chief Operating Officer and Director
Neway is a Major Supplier of Valves to the Coal Chemical Industry as well as Fossil Power
Neway Valves valves are widely used in wear conditions (such as gasification, catalysts, etc.), low temperature conditions (such as air separation, ethylene cracking, low temperature methanol wash, etc.), high temperature conditions (such as P91 pipeline), low leakage conditions (toxic and hazardous media), oxygen conditions (air separation, gasification, etc.), shut-off valves (emergency shut-off, high-frequency shut-off, pulse, lock-slag, and oxygen shut-off), as well as other harsh conditions. The business of Neway has extended to the whole industry chain including direct liquefaction, indirect liquefaction of coal, natural gas, and other chemical production. Projects include
? Yankuang Yulin Project (1M tons of coal) - China
? Shenhua Ning Coal Project - China
Neway can provide a full range of valve demands for power generation (conventional & improved thermal cycles, including renewable resources & related applications). Neway has a complete range of professional certificates including fireproofing, low-leakage, SIL, 4500TS, etc. Neway’s experience and performance in the power industry can meet numerous customers’ requirements. Projects include
? Southern Power Generation Sdn Bhd Track 4A Project - Malaysia
? CELSE UTE Porto de Sergipe – I - Brazil
? Mitsui & ACWA Power & DIDIC IBRI & SOHAR CCPP HRSG Project - Oman
? Clean Energy Future, Lordstown Energy Center Project - United States
Nuclear power stations include conventional & nuclear islands. Accordingly, valves can be classified as nuclear class 1,2,3, or non-nuclear. Neway has an extensive production range of nuclear valves and has is qualified by NNSA with nuclear class 2, 3 and ASME N&NPT certificates with nuclear 1, 2, and 3. Neway is in cooperation with Nuclear EPC companies like CGN and Areva on both China and international nuclear power station projects. Neway is a leading manufacturer of nuclear valves for new generation technology of EPR, AP1000, and HuaLong#1. Projects include
? EDF NNB UK HPC Project - UK
? CGN Fangchenggang Project - China
? CGN Taishan Project - China
? CZEC Pakistan K2-K3 Project - Pakistan
? ITER CWS Cooling Water System Project - France
? CNNC Tianwan 5&6 Project - Taiwan
? CNNC Fuqing 5&6 Project - China
? CGN Hongyanhe Project - China
? Framatome KOREA CFVS Venting Project
Neway has been successful in becoming a recognized international supplier of high performance valves. Quality is the absolute key for Neway. The quality of the company’s products is partly due to the design standard but also stems from the fact that all manufacturing steps are available in-house for both forged and cast valves.
Neway continues to develop the technical specifications of its standard products, allocating a significant annual budget to testing and research in the areas of design, fugitive emissions, and environmental challenges. The company can conduct all valve testing procedures as determined in industry standards such as API, NORSOK, DIN/EN (AD2000), ISO, and GOST, or as required by major clients. The extensive range of products delivered by Neway reflects the company’s desire to meet everchanging customer demands. As a result, the company also produces a wide variety of valves covering practically all pressure and temperature classes supported by automation systems and devices.
Presently up to seventy per cent of Neway’s sales are generated overseas. With a worldwide distribution network and branch offices established in USA, Brazil, the Netherlands, Italy, Singapore and UAE.
Neway Valve raised 1.46 billion yuan ($241 million) in its initial IPO in 2014. It has continued to grow both in China and internationally. Sales growth has been 16 percent in each of the last two years.
Metso Building $10 million Valve Plant in China
In responds to the growing global demand in the valve market, Metso has decided to invest in a new green-field valve technology center in Jiaxing, China. The new-build plant will strengthen Metso's valve and related products production capabilities and increase capacity for customers across various process industries, both in China and globally. Metso expects to invest a total of approx. EUR 10 million by 2020. The new technology center will start operations in spring 2020.
"China is an extremely important market for our valves business. The new technology center will improve our competitiveness in China and will have a strong role within the global operations footprint. We also expect the investment to expand our delivery capabilities, helping us to better meet the growing needs both in terms of capacity and product availability," says John Quinlivan, President, Valves business area, Metso.
The new location is designed to be a workplace for a total of 400 valve technology professionals. In addition to the new technology center, Metso has a valve technology center in the Waigaoqiao Free Trade Zone in Shanghai, which was inaugurated in 2010.
Velan Results are Volatile due to Large Individual Orders
Velan’s revenues are somewhat volatile due to the size of individual orders. One example of this is their order to supply valves for nuclear reactors in the United Kingdom.They are providing valves for NNB Generation Company (HPC) Limited, a subsidiary of EDF Energy Plc, a French-British power utility, and AREVA NP, the world leader in nuclear engineering. These valves will equip the primary and safety auxiliary systems of the two new-generation EPR™ reactors at the Hinkley Point Cnuclear power plant, located in Somerset, United Kingdom.
Valued at approximately US$55 million, this transaction was recorded in the group's order book in the fourth quarter of the fiscal year, which ended on February 28, 2017. Delivery of the equipment is scheduled for 2019-2021
That single order comprises 20 percent of yearly revenue, but it was delayed by various controversies surrounding the contracts and environmental consultations at the plant. So this can make quite a difference in the income statement for a given quarter
For the first three quarters of 2018-9 sales amounted to $261.5 million, an increase of $26.1 million or 11.1 percent from the prior year. Sales were positively impacted by an increase in shipments from the Company’s North American operations, which were partially offset by decreased shipments from the Company’s Italian and German operations. Sales were positively impacted by an increase in shipments of large project orders and in improved MRO business for the company’s North American operations, although they were negatively impacted by delays in the shipments of certain large project orders in both the Italian and German operations of the company due to various customer-related and timing issues. Net loss amounted to $6.4 million or $0.30 per share compared to $9.6 million or $0.44 per share last year. The $3.2 million improvement is primarily attributable to a higher gross profit percentage, partially offset by an increase of administration costs. At the current sales level, the company was not able to generate a gross margin sufficient to cover its current administration and other costs.
Ador uses Redkoh Controllers in Precipitator Power Supplies
Ador is an Indian based provider of high frequency & conventional high voltage rectifier transformer sets that are deployed for clean air applications (including electrostatic precipitators for power stations, cement, pulp & paper + steels plants and roads).
Redkoh, a U.S. based precipitator controls company and Ador have long had a technology sharing agreement which has been extended to 2027. Ador integrates Redkoh controllers and software in a number of its products and has also introduced Redkoh’s Patented Medium Frequency and High Frequency pollution control power products into the power, pulp & paper,cement and steel industries.
Tai & Chyun upgrades Precipitator in Indonesia
Tai & Chyun Associates Industries Inc. was established in 1996 aiming to provide a one stop solution for electrostatic precipitator (ESP) to minimize particulate emission level in all kinds of industries e.g. cement, power utility, pulp and paper, biomass, etc. In order to stabilize and improve industrial production efficiency, Tai & Chyun started to focus on ESP users in Taiwan and expanded its market in Southeast Asia for more than two decades serving countries such as Thailand, Philippines, Indonesia, Vietnam, Malaysia,
The need for such services is exemplified by a project in Indonesia. The mechanical parts inside the ESP had not been replaced for more than 25 years. Therefore, most of the parts already reached their life span. Moreover, the parts inside were exposed to high temperature from unstable operation. Therefore, there are many mechanical problems inside ESP. the following problems were observed during the ESP inspection conducted by Tai& Chyun engineer.
Tai & Chyun was awarded to supply DE, CP, GD Screen & rapping assemblies, together with supervision. Below are the work scopes which have been implemented in order to improve ESP performance efficiency.
NWL has Worldwide Presence to address the Changing Market
NWL is capitalizing on the growing Asian precipitator market with a plant in South Korea and pursuit of the Indian market. NWL generates more than $90 million in sales and employs over 375 staff members. NWL operates five manufacturing plants located in New Jersey, Florida, North Carolina, and South Korea.
NWL is now one of the largest independent suppliers of transformers, capacitors, and power supplies for demanding industrial, military, and research customers.
Robert N. Guenther Jr., NWL’s Vice President of Product Development, was awarded the Senichi Masuda Award at the 2018 International Conference of Electrostatic Precipitation in Charlotte, NC last fall.
Shuangdun Environmental has supplied a Number of WESPS to Chinese Power Plants
Shuangdun Environment Technology Co., Ltd. (originally Yiixng Complete Chemical Equipment Co., Ltd.) was restructured in 1992. It is a general contractor for environmental and chemical processes appointed by the original Ministry of Chemical Industry. At present, the company engages in engineering project contracting (EPC), flue gas desulfurization by creating sulfuric acid from flue gas, smelting by wet method, pressure vessel manufacturing, sewage treatment, and in designing, manufacturing, installing and debugging special equipment. Main products include honeycombed electric mist precipitator with conductive FRP and new-model fourth generation SDD-CF wet electrical dust precipitator.
The SDD-CF vertical tubular wet electrical dust precipitators have been applied in Guodian Taizhou Power Plant, Guodian Jianbi Powre Plant, Zhongdian International Changshu Plant, Datang Nanjing Power Plant, Zhongdian International Shanxi Shentou Power Plant, Huarun Caofeidian Power Plant, Guodian Lanzhou Fanping Power Plant, Jiangyin Sulong Power Plant, Guodian Suqian Power Plant, Hebei Longshan Power Plant, Changzhou Zhongtian Steel and other enterprises. The gas treating capacity of single wet electrical dust precipitator can reach 4,500,000m3/h.
Guodian is active in Precipitator Projects outside China
China Guodian Corporation, established on December 29th, 2002 under the authorization by the State Council, is an integrated power corporation based on power generation and mainly engaged in the development, investment, construction, operation and management of power sources; production and sales organization of electric power (thermal power); investment, construction, operation and management related to coal, power generation facilities, new energy resources, high and new technology, environmental protection industry, technical services, information consulting and other electric power business; investment and financing businesses at home and abroad; independent performance of foreign trade circulation operation, international cooperation, foreign project contracting and foreign labor service cooperation and other services. In 2010, the Company was listed in the Fortune Global 500, and in 2016, it ranked the 345th among the Fortune Global 500.
Guodian Technology & Environment Group Corporation Limited (“Guodian Tech” for short) was established on November 26, 2004, and is a corporate group organized by China Guodian Corporation through integrating its affiliated high-tech industry. The registered capital of Guodian Tech is RMB 360 million yuan, with shares held by China Guodian Corporation, Guodian Power Development Co., Ltd. and China Longyuan Power Technology Developing Corporation. Guodian Tech has one wholly-owned subsidiary company and eight holding subsidiary companies, and is engaged in environmental protection, energy conservation, knowledge advancement, new energy resources, etc. the Company possesses lots of technologies with independent intellectual property rights which reach a leading level both domestically and internationally, enjoying good reputation and popularity in the power industry.
The Guodian wet type electric precipitator, with its anode plate of conductive GRP, can reduce equipment investment and features stable operation, small waste water discharge and low power consumption in operation. The independently researched and developed rotary type LP pulse bag filter is characterized by large filtering area under the same volume, good dust removal effect, small amount of maintenance work and low running cost, both of which have been successfully applied in multiple large-scale coal fired power plants.
Guodian has received an order for the Indonesia Java No. 7 coal-fired power plant (2×1050 MW unit) DCS project The Indonesia Java No. 7 coal-fired power plant (2×1050 MW unit) project is an important project of Chinese energy enterprises to implement the Belt And Road initiative and is carried out by Shenhua Group holding joint venture enterprise for the design, investment, construction and operation maintenance. With its advanced technology, products and engineering project performance, Guodian Zhishen stands out in the fierce competition and wins the bid for DCS subproject.
In recent years, Guodian Zhishen attached great importance to the development and application of DCS technology and has made positive progress. Guodian Zhishen currently has completely independent property rights of EDPF-NT control system products and technology, the world leader in technology and research and engineering, uphold the development line, with a strong team of DCS engineering services; The application of the products, technology and engineering services in the 600 MW grade and above coal-fired units has exceeded 54 sets and achieved good results.
The successful bid for the Indonesia Java No. 7 coal-fired power plant (2×1050 MW unit) DCS project, marks the Guodian Zhishen overseas business has taken an important step for the domestic DCS system to go out of the country, and lays a solid foundation to develop a broader overseas market.
GDHK and GANDA Group, a large Indonesian conglomerate are collaborating on Engineering and Procurement projects cooperation such as ERW pipe production line equipment and biomass wood pellets fuel plant project, and 50 MW coal-fired captive power plant EPC project In Kalimantan island, and a hot-rolled plant EPC project. GANDA The two sides agreed to sign Memorandum of Understanding which involved key projects mentioned above, with a total amount of $100 million. The agreement signed in Indonesia market is a GDHK’s first framework cooperation agreement, and it is a good start for both GDHK and GANDA Group for long-time corporation. It is a breakthrough in the Indonesian market development for GDHK.
Longking is World’s Largest APC Company
Fujian Longking Co., Ltd is the largest manufacturer of air pollution protection equipment in the world with a total assets of more than 2.1 billion USD and over 6000 employees. The annual sales exceeded 1.2 billion USD. Moreover, it has built manufacturing bases and R&D centers at Shanghai, Xi'an,Wuhan, Tianjin, Zhangjiagang, Suqian, Yancheng, Urumchi and Xiamen in China.
Longking became the China’s first listed company in air pollution control industry in Shanghai stock market in December 2000 (Stock Code: 600388). The company has been focusing on the R&D and application of air pollution control technology and equipment for more than forty years, and it has become one of a few companies that can provide not only innovative equipment like flue gas dust collection, FGD, SNCR, bulk material conveying, and electrical control equipment, but also the one package solutions for flue gas pollutants and project BOT operation mode. Longking is now active in more than 40 foreign countries and regions.
· BEH type ESP for 2×1000 MW units of Xuzhou Power Plant
· ESPs for 660MW units of Tiroda Power Plant in India
Longking has a separate group providing dry scrubber systems. This group is the world’s largest supplier of dry scrubber systems. The company has presented in several McIlvaine webinars and will be attending the Dry Scrubber Users Group meeting in Kansas City in September.
The company has supplied four new precipitator systems in Siekierke Poland
ExxonMobil to invest $100 million with DOE for Lower Emissions Research
ExxonMobil has said it will invest up to $100 million over 10 years to research and develop advanced lower-emissions technologies with the U.S. Department of Energy’s National Renewable Energy Laboratory and National Energy Technology Laboratory. The agreement – among the largest between the department’s laboratories and the private sector – will support research and collaboration into ways to bring biofuels and carbon capture and storage to commercial scale across the transportation, power generation and industrial sectors.
“We’re focusing on advancing fundamental science to develop breakthrough solutions that can make a difference on a global basis in emissions reduction,” said Darren W. Woods, chairman and CEO of ExxonMobil. “We’re doing that with our in-house scientists and with corporate partners, through relationships with 80 universities and now with the intellectual and computing capacity of the renowned national labs.”
The partnership will work to develop technologies related to energy efficiency and greenhouse gas mitigation. The joint research will also focus on reducing emissions from fuels and petrochemicals production. The agreement will stimulate collaborative projects between ExxonMobil and the two laboratories and facilitate work with other national laboratories, such as the Idaho National Lab.
“Finding meaningful solutions to address climate change is going to take everyone – governments, companies and academia – working together,” said Vijay Swarup, V.P. of research and development at ExxonMobil Research and Engineering Company. “This agreement will help us advance fundamental science and demonstrate scale. This is critical because it will give us a better understanding of how to progress technologies so they can be applied globally.”
“The National Renewable Energy Laboratory is excited to work with ExxonMobil to develop scalable energy solutions for the future and facilitate research partnerships across the national lab system,” said Martin Keller, director at the National Renewable Energy Laboratory. “Our partnerships with industry, government, academia and other research organizations drive the collaboration and innovation that is integral to revolutionizing the global energy landscape. By working side-by-side with ExxonMobil researchers, this partnership provides an unprecedented opportunity to explore new technologies and transform energy through science.”
This collaboration is a recent addition to a series of partnerships ExxonMobil has established for innovative lower-emissions research programs, which includes over 80 universities, five energy centers and multiple private sector partners. The company has spent more than $9 billion since 2000 developing and deploying lower-emissions energy solutions.
“This opportunity targets research challenges and the development of technology central to our mission and our capabilities,” said Brian Anderson, director at the National Energy Technology Laboratory. “We’re bringing incredible research capability, enhanced by ExxonMobil’s industry expertise and ability to scale-up new technologies globally, which will ultimately benefit consumers in the near term, while also enhancing our nation’s prosperity and energy security.
Fuel Tech First Quarter 2019 Revenues down slightly from Previous Year
Consolidated revenues for Fuel Tech declined to $10.2 million from $12.8 million in Q1 2018, reflecting lower revenues at APC partially offset by higher revenues at FUEL CHEM. Gross margin was 39.5% of revenues compared to 39.3% of revenues in Q1 2018. Gross margin in Q1 2019 included the $0.3 million domestic incremental work charge; exclusive of this item, gross margin in Q1 2019 was 42.1%. SG&A expenses declined to $4.4 million from $4.9 million in Q1 2018. As a percentage of revenues, SG&A totaled 43.9% of revenues in Q1 2019 as compared to 38.5% of revenues in Q1 2018.
Net loss from continuing operations was $1.3 million, or $0.05 per diluted share, compared to net loss from continuing operations of $0.2 million, or $0.01 per diluted share, in Q1 2018. Net loss from continuing operations in Q1 2019 included the above-referenced restructuring and incremental work charge, and operating losses at Beijing Fuel Tech that, in the aggregate, totaled $1.2 million.
Research and development expenses remained stable at $0.3 million in Q1 2019 and Q1 2018. Capital projects backlog at March 31, 2019 was $12.2 million, $10.0 million of which was domestic. APC segment revenues declined to $5.8 million from $8.6 million in Q1 2018, primarily the result of a lower capital projects backlog entering 2019 as compared to 2018. APC gross margin was $1.9 million, or 32.8%, as compared to $3.0 million, or 34.8%, in Q1 2018. Excluding the $0.3 million domestic incremental work charge, APC gross margin in Q1 2019 was $2.2 million, or 37.4%.
“Our Q1 2019 net loss from continuing operations of $1.3 million included operating losses at our soon-to-be suspended Air Pollution Control (“APC”) China operations (“Beijing Fuel Tech”) and other charges totaling $1.2 million, as well as the unfavorable impact of the timing of completion of current APC projects under contract,” said Vincent J. Arnone, Chairman, President and CEO of Fuel Tech. “With that said, we continue to pursue a promising pipeline of APC contract opportunities, particularly in the US, and we are in various stages of negotiation with potential clients that, in the aggregate, represent $10-15 million of contract award opportunities that we expect will close by late Q2 or early Q3 2019. The outlook for FUEL CHEM® is also promising. We are scheduled to begin installing our FUEL CHEM program on two incremental coal-fired units at a domestic utility in May and expect to have these new units up-and-running by the end of Q2 2019.”
MHPS Americas achieved Record Results in 2018
Mitsubishi Hitachi Power Systems (MHPS) Americas announced record financial results in the 2018 fiscal year, which ended on March 31, 2019. MHPS Americas set company records for orders, revenue, operating profit and free cash flow. The company also had its best execution year ever, achieving 100% on-time delivery for gas turbines, record quality metrics, and record safety performance.
“Our record financial results were due to the incredible execution of our supply chain, manufacturing, project execution, and service teams across our various business units,” said Paul Browning, President and CEO of MHPS Americas. “Increasingly, customers in the Americas are realizing that MHPS delivers superior technology, superior reliability, and superior execution, all of which lead to better outcomes for our customers in North and South America.”
MHPS Americas new unit orders in the first quarter of the 2019 calendar year were led by two M501JAC orders in Mexico, and two M501JAC orders in the US, making the JAC the fastest growing gas turbine fleet in the Americas. MHPS Americas also booked one order for a peaking M501GAC for the US, and one FT4000® in the US, bringing the total bookings to 2,054 megawatts of output.
MHPS’ rapid climb in the Americas has been propelled by the industry-leading 64+% efficient and 99.5% reliable J-Series gas turbine. After installing the first J-Series in the Americas in 2017, MHPS installed 11 new J-Series gas turbines in the Americas in 2018.
“After MHPS achieved #1 global market share in 2018 for heavy duty gas turbines, we’ve set a goal to do the same in the Americas in 2019. We knew this was possible because our J-Series gas turbine has the best performance and the best reliability in our industry,” added Browning.
Flowserve on Track to increase Revenues by Six Percent in 2019
Lee Eckert, Flowserve’s senior vice president and chief financial officer, added, “Our first quarter 2019 results support our full-year outlook, including our expectations for strong growth in full-year 2019 Adjusted EPS. We were especially pleased that our Flowserve 2.0 transformation efforts and continued focus on cash flow generation resulted in solid working capital performance and free cash flow improvement of $160 million compared to the 2018 first quarter.”
Rowe concluded, “We are building momentum with our Flowserve 2.0 program to drive additional operational and productivity improvements across all levels of the organization. We expect to further leverage our recently combined pump segments to better serve our customers and capitalize on improving markets. I am confident that our ongoing transformation initiatives will position the Company to deliver on our 2019 full-year expectations and create significant long-term value for our customers, employees and shareholders.”
Flowserve reaffirmed its 2019 guidance, including its Reported and Adjusted EPS target range of $1.60 to $1.80 and $1.95 to $2.15, respectively. Both the Reported and the Adjusted EPS target range includes the expected revenue increase of approximately 4.0% to 6.0% year-over-year, and are based on previously announced assumptions, including net interest expense in the range of $55 to $57 million and an adjusted tax rate of 26% to 28%. While Flowserve expects 2019 earnings to reflect our traditional seasonality, the Company expects the greater weighting in the second half.
Babcock & Wilcox Path to Profitability
Babcock & Wilcox Enterprises, Inc .announced first quarter 2019 revenues of $231.9 million, a decrease of $21.2 million, or 8.4%, compared to the first quarter of 2018. The decrease was primarily the result of several EPC contracts being in the final stages of completion in the first quarter of 2019. GAAP net loss from continuing operations in first quarter 2019 improved to $49.9 million compared to $116.8 million in first quarter 2018. Adjusted EBITDA also improved by $72.7 million to negative $5.0 million compared to negative $77.6 million in the prior year period.
"Our performance in the first quarter of 2019 reflects the impact of the strategic actions we have taken over the past several months. Combined with the settlements we reached in March 2019 and our additional financing, we have momentum on our path to profitability," said Kenneth Young, Chief Executive Officer. "Our Babcock & Wilcox segment continues to perform well, and our change in strategy for the SPIG segment is beginning to drive results. As 2019 progresses, we expect the core strengths of our businesses to continue to become more visible to our customers and shareholders. We are also making progress on our cost-savings initiatives, and looking forward, we continue to target a run-rate adjusted EBITDA of approximately $100 million as we exit 2020, not including corporate overhead."
“Over the past six months, our customers and employees have seen a major transformation at Babcock & Wilcox Enterprises and are responding positively as we have made significant changes to improve our business and have shared new information about our strategic path to profitability," Young continued. "We are optimistic as we see new opportunities emerging as a result of our recent efforts. Going forward, we expect to see improvement each quarter as our cost-savings initiatives continue to impact bottom-line results and as we minimize EPC contract losses under the terms of the settlements we achieved in March 2019. Our dedicated employees continue to deliver world-class products and services that reflect the strengths of our more than 150-year heritage. We are laser-focused on delivering high-quality technologies that provide solutions for our customers and strong results for our shareholders."
Consolidated revenues in first quarter 2019 were $231.9 million, down 8.4% compared to first quarter 2018 primarily due to several EPC contracts being in the final stages of completion in the first quarter of 2019 The GAAP operating loss in first quarter 2019 was $32.0 million compared to an operating loss of $106.4 million in first quarter 2018. Prior to the first quarter of 2019, the most significant drivers of the Company's operating losses were the charges for the six European engineering, procurement and construction (EPC) loss contracts. In the first quarter of 2019, the most significant drivers of our operating losses were settlement costs, restructuring activities, and advisory fees. Adjusted EBITDA was negative $5.0 million compared to negative $77.6 million in first quarter 2018.
Babcock & Wilcox segment revenues increased 18.5% to $188.6 million in the first quarter of 2019 compared to $159.1 million in the prior-year period, mainly driven by large construction new build and industrial projects, partially offset by a decrease in parts sales. Gross profit in the Babcock & Wilcox segment in first quarter 2019 was $31.1 million, compared to $30.9 million in the prior-year period, reflecting the increase in lower-margin construction revenue as a percentage of total revenue including construction services at no margin for the SPIG segment on its single loss project in the U.S. Gross profit margin was 16.5%, compared to 19.4% in the same period last year. Adjusted EBITDA in first quarter 2019 increased 115% to $9.0 million, compared to $4.2 million in last year's quarter; this increase is mainly attributable to the impact of cost-savings initiatives partially offset by an approximately $2.3 million increase in the level of corporate overhead being absorbed by the segment compared to the prior-year quarter. Adjusted EBITDA margin was 4.8% compared to 2.6% in the same period last year.
SPIG segment revenues decreased 21.3% to $28.9 million in first quarter 2019 compared to $36.7 million in first quarter 2018, mainly due to lower volume of new build cooling system projects as expected following the change in strategy to improve profitability by more selectively bidding and focusing on core geographies and products, and a lower volume of aftermarket services. Gross profit improved to a positive $3.7 million in first quarter 2019, compared to a gross profit of negative $2.8 million in the prior-year period. This improvement was primarily due to the effects of the new strategy and to continued progress made on the small number of remaining legacy new build cooling systems contracts in the quarter without significant increases in estimated costs, compared to the first quarter of 2018 when higher estimated costs to complete were incurred. Adjusted EBITDA improved by $8.0 million to positive $0.7 million compared to negative $7.3 million in the same period last year, driven by the improvement in gross profit and the benefits of cost-savings initiatives.
Vølund & Other Renewable segment revenues in the segment were $29.5 million for first quarter 2019, compared to $60.0 million in first quarter 2018. First quarter revenues were lower compared to the prior year quarter as several of the European EPC loss contracts were in the final stages of completion in 2019, resulting in lower construction revenue being recognized than in 2018. The quarter-over-quarter variance was also driven by the sale of Palm Beach Resource Recovery Corporation (PBRRC) in September 2018 and the previous decision to limit bidding on Vølund renewable energy contracts.
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