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Pin to quick picksPorvair Regulatory News (PRV)

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Spread: 4.00 (0.485%)
Market Cap: £382.60m
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Contract Win

13 Feb 2013 07:00

RNS Number : 7377X
Porvair PLC
13 February 2013
 



 

For Immediate Release

13 February 2013

 

 

 

 

Contract Win

 

Porvair plc ("Porvair" or "the Group"), the specialist filtration and environmental technology group, today announces that India's largest private sector enterprise, Reliance Industries Limited ("Reliance"), has selected Porvair to design and build char filtration systems for its planned gasification plant at Jamnagar. The value of the contract to Porvair is undisclosed for commercial reasons.

Reliance's Jamnagar site is the largest oil refining complex in the world, with an aggregate refining capacity of 1.3 million barrels of oil per day. The gasification plants at Jamnagar will be among the largest in the world and will process petroleum coke and coal into synthesis gas using E-Gas™ technology licenced from Phillips 66.

Commenting, Ben Stocks, CEO of Porvair said:

"We are delighted to have been selected for this high profile work in India that significantly strengthens our position in Energy and Industrial filtration markets. Elements of the engineering will be similar to the work we are currently doing for POSCO in South Korea, but the initial Jamnagar installation will be three times larger. The project is modular in design. Engineering work will start immediately with much of the work being exported from our plant at Segensworth, UK. The financial impact of the contract will be spread over several years."

For further information please contact:

 

Porvair plc

 

 

+44 (0)1553 765 500

Ben Stocks, Chief Executive

Chris Tyler, Group Finance Director

Buchanan

+44 (0)20 7466 5000

Charles Ryland / Helen Greenwood/ Clare Akhurst

 

Notes to Editors

Porvair is a group of specialist filtration and environmental technology businesses. Its businesses design and manufacture a range of bespoke products that are used in a range of niche filtration and environmental markets. Its principal markets are aviation, energy and industrial process, environmental laboratories and non-ferrous metals.

This information is provided by RNS
The company news service from the London Stock Exchange
 
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