INDUSTRIAL VALVE MARKET
UPDATE
April, 2015
TABLE OF CONTENTS
Acquisition
Circor Buys Schroedahl
Spirax Sarco buys Asepco
Information Exchange
Vexve Oy and NF Energy Exchange Information
New Facilities
Pentair Expanding South Korean Plant to Manufacture FCT Ball Valves
Mokveld Opens New Head Office
Finance
Krone’s Evogard Had a Very Successful First Year
AS-Schneider’s 2014 Year Huge Financial Return
Rotork Reports Downturn in First Quarter
People
IMI Appoints New Chairman
Samson Selects New CEO
Circor Names New President of Circor Energy
Projects
Bestobell Valves Wins Contract for Cryogenic Valves Used in UAE LNG Tug
Bestobell Mariner Selling Cryogenic Valves to LNG Ships
Metso Supplies Valves for Chinese Paper Plant
Metso Wins Order for Valves in Turkmenistan Petrochemical Plant
IMI Critical Engineering Hired to Produce Extremely Large Choke Valves for
Offshore
New Products
Lindal Introduces New Ball Valve for Pharma and Cosmetics
WORLD WATER AND WASTEWATER DESALINATION
INDUSTRY NEWS
Environmental Executive Moves: Aquarius, Cambrian, Tomi, SERI
NEW PLANT CONSTRUCTION NEWS
Hyflux-led venture wins deal for giant Oman desalination plant
Abengoa Desalination Plant to Supply Water to 500,000
Reverse Osmosis Desalination Kick-started in Qatar with Ras Abu Fontas A3
Project
Mott McDonald to advise on Moroccan Desal Plant
Veolia-led Group Refinances Oman Project
Inovateus completes Caribbean Project
Desalitech System Boosts Paper Manufacturer’s Water Recovery
TECHNOLOGY/NEW PRODUCT NEWS
Evoqua launches Reverse Osmosis System into Asian Industrial Markets
Israel Scales Up Reverse Osmosis Desalination to Slash Costs with a Fourth of
the Piping
GE to Install Mobile Reverse Osmosis System at Power Plant
Pelican Water Launches New, Greener Reverse Osmosis System
ORNL-Led Team Demonstrates Desalination with Graphene Membrane
Many projects are detailed in monthly updates under Industry Analysis in the
Report’s Chapters
CHEMICALS
ETHANOL
FOOD & BEVERAGE
METALWORKING
MINING
OIL & GAS
OTHER ELECTRONICS
PHARMACEUTICAL / BIOTECH
PULP & PAPER
REFINERIES
SEMICONDUCTOR
POWER
For more information on
Industrial Valves: World Market,
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May 2015
TABLE OF CONTENTS
International Monetary Fund has lowered its outlook for Canadian economic
growth.
It describes Canada’s recent performance as “solid” but says the risk to its
growth has been increased by an unusually large drop in oil prices, weaker
business investment in the energy sector and lower employment growth
The latest projection from the Washington-based agency calls for the Canadian
economy to grow 2.2% in 2015, down from the January estimate of 2.3%.
Canada is expected to outperform Japan and countries that use the euro, but lag
behind the United States and the United Kingdom.
The IMF estimates in a report that the American economy will grow 3.1% this year
and the U.K’s real gross domestic product will grow by 2.7%.
The IMF also predicts the 18 countries that use the euro will expand 1.5% in
2015, up from a January forecast of 1.2%. The fund forecasts that Japan will
grow 1.0% this year, versus an earlier forecast of 0.6%.
Exports have been touted as a savior of the economy, with Canadian exporting set
to rise on the lower dollar…The remaining
text is not included in this sample.
Is it time to start panicking about China’s debt? If you believe Beijing won’t
support the municipalities that have overdosed on credit over the last few
years, then absolutely. But overall, China’s federal level debt remains low,
bank’s remain strong despite higher non-performing loans on the balance sheet,
and yet we still get a total debt to GDP ratio of a whopping 282%.
First, a little comparison. The U.S. total debt to GDP, which includes household
and corporate debt, is 331.7%. The economy has not imploded because of that,
though there are plenty of people out there with books and newsletters to sell
who say it is only a matter of time. They might be right. The same holds for
China.
McKinsey Global Institute blamed China’s debt burden on a credit bubble which
began in earnest in 2009. Back then, China was trying to plug up the holes left
by the U.S. and European financial crisis. China is export dependent. When its
two biggest clients fell because of its own credit bubble, China did what all
economies do in crisis — stimulate, stimulate and stimulate some more.
McKinsey says local debt is the biggest problem. Central government debt is
still low, at around 64% of GDP. That gives the government room to — well,
stimulate some more. The central bank is currently running its own mini-QE
program, which has helped the stock market beat the MSCI Emerging Markets Index
by a landslide year-to-date…The remaining
text is not included in this sample.
Investors can expect mostly upbeat data from Eastern European markets this week,
despite the potential contagion from recession in Russia and financial crisis in
Greece, according to Capital Economics.
Russia, Bulgaria, the Czech Republic, Hungary, Poland, Romania and Slovakia are
scheduled to report first quarter GDP figures this week. The Russian economy
likely contracted by around 3% year over year, with inflation hurting consumer
spending. “But industry has held up reasonably well, which has prevented an even
sharper fall in output,” Capital Economics writes. For central and southern
Europe, Capital Economics sees an expansion in output of 3% year over year for
the region, compared with 2.7% in the fourth quarter of 2014. Capital Economics
adds:
“There has been very little evidence, so far at least, that the recession in
Russia and renewed problems in Greece have had any impact on activity in the
region … At a country level, we think that Hungary and Poland were the region’s
best performers. We have penciled in GDP growth of 3.3% y/y in both countries,
which would roughly be in line with the fourth quarter’s outturn. Elsewhere, we
think growth in the Czech Republic accelerated to around 2.0% y/y in the first
quarter, from 1.4% y/y in the fourth quarter, and would highlight that the
chance of an upside surprise here is high.
As for Russia, Capital Economics expects preliminary first quarter GDP
contraction due to the toll from “low oil prices, last year’s ruble crisis and
Western sanctions.”
The slump in consumer-facing sectors was probably the biggest drag on growth in
Q1 as households’ real incomes collapsed on the back of soaring inflation.
Retail sales contracted by 6.9% y/y in real terms over the first three months of
the year. Investment in productive capacity was also hard hit, falling by 6.1%
y/y in Q1…The remaining text is not
included in this sample.
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OIL & GAS SALES LEADS HEADLINES
Oil and Gas Project Tracking is available at a discount to
Industrial Valves: World Market
subscribers.
Treatment chemicals are an important addition to most oil and gas processes.
Access to details on worldwide oil and gas projects is provided at a substantial
discount to
Industrial Valves: World Market
subscribers.
May 5, 2015
(Listed by most current date)
FMC Technologies and Technip to Launch Forsys Subsea JV - Revision Date:
5/5/2015
Oceaneering Announces Contract for Offshore Cape Three Points Development -
Revision Date: 5/5/2015
EastSiberian Plc Signs Cooperation Agreement with Petronic in Nicaragua -
Revision Date: 5/5/2015
OneSubsea Delivers Multiphase Compressor to Statoil for Gullfaks Field -
Revision Date: 5/5/2015
SemGroup to Build Maurepas Pipeline for Motiva - Revision Date:
5/5/2015
East African Leaders Woo Investors for Infrastructure Plan - Revision Date:
5/5/2015
Canada Asks Pipeline Regulator for Safety Guidelines by 2016 - Revision Date:
5/5/2015
Alfa Laval Wins SEK 115 Mln Offshore Pumping Systems Order - Revision Date:
5/5/2015
Two U.S. Funds to Invest $900 Mln in Mexican Gas Pipeline - Revision Date:
5/5/2015
Williams Seeks FERC Approval for Fully Subscribed Pipeline Expansion to Serve
Southeast - Revision Date: 5/5/2015
Britain's IGas Strikes Shale Gas Deal with Ineos - Revision Date:
5/4/2015
Enbridge Plans $130 Mln Gulf of Mexico Oil Pipeline - Revision Date:
5/4/2015
Ohio River Valley Plans Condensate Pipeline in Ohio - Revision Date:
5/4/2015
Meritage Midstream Announces January Startup of NGL Pipeline in Powder River
Basin - Revision Date: 5/4/2015
Glori Energy, Petrobras Commence Field Wide Implementation of AERO™ System in
Brazil
- Revision Date: 5/4/2015
Alfa Laval Wins SEK 75 Mln Natural Gas Order - Revision Date:
5/4/2015
PA DEP Revised Rulemaking Proposal for Oil and Gas Well Environmental Protection
Performance Standards - Revision Date:
5/4/2015
EQT to Sell West Virginia Gathering System for $1 Bln - Revision Date:
5/4/2015
Howard Energy Partners Expands into Marcellus Shale with Acquisition of PA
Pipeline System - Revision Date:
5/4/2015
South Africa’s SacOil Signs Agreement to Study $6 Bln Gas Pipeline Project -
Revision Date: 5/4/2015
Libya Declares Force Majeure on 11 Oilfields Due to Insecurity - Revision Date:
5/1/2015
Technip Awarded Contract to Supply High Technological Flexible Pipes for Lula
Alto Pre-Salt Field - Revision Date:
5/1/2015
Work on Pateke-4H Subsea Tie-back Project Underway at New Zealands’s Tui Oil
Fields - Revision Date: 5/1/2015
PSE&G Unveils 5-Year Proposal to Continue to Replace Aging Gas Infrastructure -
Revision Date: 5/1/2015
OriginOil Launches CLEAN-FRAC PRIME for Standalone Frack Water Treatment -
Revision Date: 4/24/2015
Kinder Morgan Confirms Anchor Shippers for Northeast Energy Direct Project -
Revision Date: 4/24/2015
BP And Partners to Invest $12 Bln in Egypt Gas Deal - Revision Date:
4/24/2015
Bids on Peru's Biggest Oil Block Starts in April - Revision Date:
4/24/2015
Honeywell Wins Project Management, Engineering Deal for Offshore Vietnam Te Giac
Trang Field - Revision Date:
4/24/2015
Technip Awarded Contract from Petrobras Consortium to Supply Flexible Pipes for
Lula Alto Field - Revision Date:
4/24/2015
Center for Sustainable Shale Development Expands Its Wastewater Treatment
Standard - Revision Date: 4/24/2015
Uganda Announces Tender for Albertine Graben Acreage - Revision Date:
4/23/2015
Wood Group Kenny Secures FEED Contract with Woodside for North West Shelf (NWS)
Project - Revision Date: 4/23/2015
L&T Completes $400 Mln Adma-Opco Contract for Umm Lulu Phase-I and Nasr Phase-I
Field Projects - Revision Date:
4/23/2015
Flexible Pipe Specialist FlexTech Starts 2015 with Contracts worth over £250,000
- Revision Date: 4/23/2015
Aker Solutions Develops Capping Technology to Limit Deepwater Drilling Risks -
Revision Date: 4/23/2015
Petroleum Detected in Fish Tested after Yellowstone River Pipeline Spill -
Revision Date: 4/23/2015
ADNOC Sign $500 Mln Technical Agreement with Oxy - Revision Date:
4/23/2015
Oneok Partners Halting Construction at Three ND Gas Plants - Revision Date:
4/23/2015
FES International Subsea Engineering Firm Wins $2 Mln Contract from Saipem -
Revision Date: 4/22/2015
Technip Awarded Subsea Contract for the Glenlivet Project, West of Shetlands, UK
- Revision Date: 4/22/2015
Fluor Partnership Wins Natural Gas Development Contract in Brazil - Revision
Date: 4/22/2015
Statoil and Partners Award Aibel $1 Bln Johan Sverdrup Contract - Revision Date:
4/22/2015
Ezra Wins Multiple Subsea Contracts worth $65 Mln - Revision Date:
4/22/2015
Subsea 7 Wins Contract for Persephone Project in Australia - Revision Date:
4/22/2015
Chinese Oil, Gas and Petrochemicals - Revision Date:
4/22/2015
Petrofac and McDermott Team up to Target Global SURF Opportunities - Revision
Date: 4/21/2015
Porvair Wins Major Chinese Gasification Project - Revision Date:
4/21/2015
Genoil and Hebei Zhongjie Petrochemical Sign $700 Mln Contract for Heavy Oil
Refinery Utilizing GHU Technology - Revision Date:
4/21/2015
NFEC Signed Contract with Gansu Coal Group to Deliver Valve Products - Revision
Date: 4/21/2015
Oman Producing All-Out on Oil as Price Rout Seen Over - Revision Date:
4/21/2015
Global Projects worth $200 Bln Cancelled due to Low Oil Prices - Revision Date:
4/21/2015
Venezuela and Trinidad & Tobago Sign Natural Gas Exploration Agreement -
Revision Date: 4/21/2015
West Virginia Oil Train Accident Brings Calls for Tougher U.S. Safety Rules -
Revision Date: 4/20/2015
Husky Energy Completes 600,000 Barrels of New Hardisty Crude Storage - Revision
Date: 4/20/2015
TransCanada Says Won't Build Oil Terminal at Cacouna, Quebec - Revision Date:
4/20/2015
Pemex Shelves Deepwater Exploration Plan and Cuts $4 Bln in Spending - Revision
Date: 4/20/2015
Low Oil Prices Could Be a Deterrent to More than $75 Bln of Investment for
Kuwait’s Energy Sector - Revision Date:
4/20/2015
BP's Restructuring Initiative Holds Potential, Results to Improve - Revision
Date: 4/20/2015
Venezuela: The Emerging Energy Giant – Analysis - Revision Date:
4/20/2015
Honeywell to Maintain Control Systems for Sasol CTL Plant - Revision Date:
4/17/2015
EU Politicians Edge towards Early Start Date for Carbon Reform - Revision Date:
4/16/2015
Dyna-Mac Wins S$60 Mln Topside Module Fabrication Works in Angola - Revision
Date: 4/16/2015
Petrofac Wins $4 Bln EPC Contract in Kuwait - Revision Date:
4/16/2015
KANFA Wins EPC Contract for FPSO Yinson Production - Revision Date:
4/16/2015
Swiber Wins $310 Mln Contract for EPCIC Services from a South Asia National Oil
Company
Revision Date: 4/16/2015
Tecnimont Awarded $490 Mln EPC Contract in UAE - Revision Date:
4/16/2015
Amec Foster Wheeler Wins Chevron North Sea Engineering Contract - Revision Date:
4/16/2015
Petrofac Secures Strategic Services Agreements with Algeria’s Sonatrach -
Revision Date: 4/15/2015
Saipem Awarded $1.8 Bln Engineering & Construction Contract for Kashagan Field
Project
Revision Date: 4/15/2015
BG Group Signs Global Alliance with KBR - Revision Date:
4/15/2015
CO2 Solutions Provides Update on Carbon Capture Project - Revision Date:
4/15/2015
Wood Group Awarded FEED Contract on GWF-2 Development - Revision Date:
4/15/2015
Parsons Wins FEED Contract in Iraq - Revision Date:
4/15/2015
EU Probes Siemens, Dresser-Rand Equipment Deal - Revision Date:
4/15/2015
OOCEP Opens $1.3 Bln Gas Field Processing Plant in Oman - Revision Date:
4/14/2015
GASCO Awards $700 Mln Abu Dhabi Gas Project to Spain’s Tecnicas Reunidas Part 2
Revision Date: 4/14/2015
GASCO Awards $700 Mln Abu Dhabi Gas Project to Spain’s Tecnicas Reunidas Part 1
Revision Date: 4/14/2015
GE and Statoil Launch Collaboration to Accelerate Development of Sustainable
Energy Solutions - Revision Date:
4/13/2015
Top HPI Projects of 2014 - Revision Date:
4/13/2015
2014 Global Construction Year in Review: 72% Growth in New Projects - Revision
Date: 4/13/2015
Alfa Laval Wins SEK 85 Mln U.S. Natural Gas Order - Revision Date:
4/13/2015
These sales leads are part of Oil, Gas, Shale and Refining Markets and
Projects, and are issued bi-weekly. As a subscriber to
Industrial Valves World Markets
you receive a 30 percent discount for this service.
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MINING UPDATE
MAY 2015
AMERICAS
Nevada Copper Focuses on Pumpkin Hollow Development
Newmont Says Opening New Nevada Gold District
Final EIS Completed for Montanore Project, Montana
Imperial Metals Starts Up at Red Chris Copper Mine in BC
Dynacor Receives Construction Permit for New Gold Mill in Peru
Yamana Gives Go-ahead for High-grade Cerro Moro Mine, Argentina
Endeavour Silver Increasing Production at El Cubo, Mexico
Outotec to Deliver Modular SX Technology to South America
EMEA
Boliden Expanding in Norway; Pursuing New Nickel Strategy for Finland
Work on Rio Tinto’s Spain Copper Project to Begin this Year
Russia’s Alrosa Launches Mining on the Botuobinskaya Pipe
Roxgold Clears Permitting for Yaramoko Gold Project
ASIA
Indian Coal Imports Could Surge This Year
India’s Largest Manganese Producer to Expand Production
Chinese Coal Industry Steps Into Production Control
AUSTRALIA/ OCEANIA
Australian Major Mining Construction Projects
Sirius Starts Construction of Nova Nickel Mine
Kintyre Uranium Project Receives Conditional Environmental Approval
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World Power Generation Projects
This includes only projects where there was an update during the month.
There are thousands of projects in the database.
New power generation projects are tracked in two publications. Fossil and
Nuclear Power Generation includes both market forecasts and project data.
World Power Generation Projects has just the project data.
Revision Date: 4/1/15
Project Title |
First Entry Date |
Location |
Startup date |
|
|||
Simhadri III expansion-National
Thermal Power Corp. |
4/1/2015
|
India |
Unknown |
|
|||
Sorong power plant-Japan
Gasoline Co |
4/1/2015
|
Indonesia |
Unknown |
|
|||
Zabrze CHP plant-Fortum |
4/1/2015
|
Poland |
2018 |
|
|||
Mae Moh ultra supercritical
expansion-Electricity Gen Auth
of Thailand |
4/1/2015
|
Thailand |
2018 |
|
|||
Odessa IGCC power plant-Summit
Power |
4/1/2015
|
TX |
Unknown |
|
|||
Duyen Hai 2 |
4/1/2015
|
Vietnam |
2020 |
|
|||
Duyen Hai 1 |
4/1/2015
|
Vietnam |
2015 |
|
|||
Manuguru power plant-Telangana
State Power Generation |
10/1/2014
|
India |
2017 |
|
|||
Bin Qasim power plant |
7/1/2014
|
Pakistan |
2018 |
|
|||
Jaworzno ultra supercritical
power plant-Tauron |
7/1/2013
|
Poland |
2019 |
|
|||
Safaga power plant on Red
Sea-Orascom |
1/1/2013
|
Egypt |
Unknown |
|
|||
Rampal (Friendship. Maitree)
power plant-Power Development
Board/NTPC |
9/1/2010
|
Bangladesh |
Unknown |
|
|||
Khargone ultra supercritical
power plant-NTPC |
4/1/2010
|
India |
Unknown |
|
|||
Batang power plant-PT Adaro
Energy, J-Power, and Itochu |
4/1/2010
|
Indonesia |
2019 |
|
|||
Duyen Hai 3-3 supercritical
power plant-EVN |
1/1/2009
|
Vietnam |
2018 |
|
|||
Aqaba Stage 1-Jordan nuclear
power plants |
12/1/2008
|
Jordan |
2021 |
|
|||
Hongyanhe 1-6 nuclear power
plant-CGNPC |
9/1/2007
|
China |
2021 |
|
|||
Kusile supercriticcal power
project-Eskom Project Bravo |
1/1/2007
|
South Africa |
2018 |
|
|||
Sasan supercritical power
plant-Reliance Power |
1/1/2006
|
India |
2015 |
|
|||
Krishnapatnam B supercritic(Sri
Damodaram Sanjeevaiah)-Andhra
Pradesh Power |
|
India |
2015 |
|
|||
Zuma Energy Nigeria power plant
(Itobe |
3/1/2015
|
Nigeria |
Unknown |
||||
Cadiz CFB power plant-North
Negros Energy Power |
3/1/2015
|
Philippines |
2018 |
||||
Cox's Bazar (Matarbari) ultra
supercritica plant-Bangladesh
Power Dev. Board |
5/1/2013
|
Bangladesh |
2019 |
||||
Kudankulam expansion (3 and 4) |
9/1/2010
|
India |
2023 |
||||
Bhadreshwar power plant-OPG
Ltd. |
9/1/2010
|
India |
2015 |
||||
Fangjiashan 1,2 |
7/1/2010
|
China |
2015 |
||||
Krishnapatnam Phase 1-Thermal
Powertech Corp. India |
5/1/2010
|
India |
2016 |
||||
Barakah 1-4 nuclear power plant |
6/1/2009
|
United Arab Emirates |
2020 |
||||
Barapukuria expansion (III)-CMC |
3/1/2008
|
Bangladesh |
Unknown |
||||
Astravyets in Ostrovetsky
district--Belarus nuclear power
plant |
6/1/2007
|
Belarus |
2020 |
||||
Alvin W. Vogtle 3,4 nuclear
power plant-Georgia Power,
Oglethorpe Power |
6/1/2007
|
GA |
2020 |
||||
Tanda supercritical power
plant-NTPC |
8/1/2006
|
India |
2019 |
||||
Moorburg 1,2-Vattenfall Europe |
5/1/2006
|
Germany |
2015 |
||||
Margam biomass power plant |
2/1/2015
|
UK |
2017 |
||||
Kothagudem power plant |
10/1/2014
|
India |
2018 |
||||
Hub Power Co.power project |
10/1/2014
|
Pakistan |
2018 |
||||
Tuticorin expansion-Neyveli
Lignite |
12/1/2013
|
India |
Unknown |
||||
Dahej power plant-Adani Power |
1/1/2008
|
India |
Unknown |
||||
Metsamor-Armenia replacement
nuclear power plant |
10/1/2007
|
Armenia |
2027 |
||||
Tiroda Phase I and II power
project-Adani Power |
10/1/2007
|
India |
2016 |
||||
For more information on World Power Generation Projects, click on:
http://home.mcilvainecompany.com/index.php/databases/28-energy/486-40ai
----------
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Bob McIlvaine
President
847-784-0012 ext 112
rmcilvaine@mcilvainecompany.com
www.mcilvainecompany.com