Unconventional Oil and Gas Will Cause Valve Sales to Be $3 Billion Higher In
2015
The sale of industrial valves in 2015 will increase to $69 billion worldwide.
Much of the growth will be attributable to unconventional oil and gas.
Category $ Billions % Difference Explanation
Valve sales 2014 w/o inflation 57 Based on 2010 dollars
Valve sales 2014 actual revenues 63 10.5 2014 actual revenues reflecting year
over year inflation
Valve sales 2015 with inflation and conventional oil and gas assuming no
unconventional 66 4.7 Increase over 2014 assuming the same amount of oil and gas
was extracted but by conventional methods. Real growth would have only been 0.7%
and inflation 4%
Valve sales in 2015 with the original share for unconventional oil and gas 67 7
Reflects 3% real growth and 4% inflation
Valve sales 2015 with inflation and non conventional oil and gas (new
projection) 69 9.5 Increase over 2014 with 5.5% real growth and 4% inflation
McIlvaine displays hundreds of thousands of revenue forecasts in Industrial
Valves: World Market. All of these figures are displayed in 2010 dollars so that
viewers can determine the real industry growth without regard to inflation. The
2014 forecast is for valve revenues of $57 billion. When this is adjusted for
inflation, sales will be $63 billion in actual dollars. Until recently,
McIlvaine had forecast 2015 sales of $67 billion of which $1 billion was due to
unconventional oil and gas. However, the forecast is being revised to reflect a
9.5 percent increase and valve sales of $69 billion. This is due to the
extensive investment in unconventional oil and gas. Therefore, unconventional
oil and gas will generate revenues of $3 billion in 2015.
One of the main drivers in the revision of the numbers is the huge coal-to-gas
and chemicals program underway in China. This program is already generating
larger process equipment plant investments than the shale gas activities in the
U.S. By 2025, with 40 projects in the planning stage, the Chinese coal-to-gas
production could reach a level of 40 percent of the entire present U.S.
consumption. The goal is to transport this gas by pipeline from the West and
North to the large cities in the East. This is one of the most important
initiatives for reducing air pollution in the large cities. The clean burning
gas will replace coal. Also the investment in U.S. petrochemical plants which
will be using gas as a feedstock will be outstripped by the Chinese investment
in coal to petrochemicals. Another massive program is coal-to-liquid fuels. High
quality motor fuels can be produced from coal using both indirect and direct
liquefaction. China is making massive investments in both technologies.
For more information on Industrial Valves: World Market, click on: http://home.mcilvainecompany.com/index.php/markets/2-uncategorised/115-n028.
UTILITY E-ALERT
Headlines for June 20, 2014 Utility E-Alert
#1180 June 20, 2014
Table of Contents
COAL US
New Coal Ash Bill introduced in North Carolina
Nebraska City Unit 1 to be scrubbed
COAL WORLD
Yokogawa to supply Control Systems for Lara Supercritical Power Plant in India
Foster Wheeler Subsidiary awarded SCR Contract for SCR System by Turun Seudun
Energiantuotanto Oy in Finland
Siemens secures 208 Million Order to supply Turbine Island for Jaworzno III
Steam Power Plant in Jaworzno, Poland
GAS/OIL US
CB&I will design and build a Combined Cycle Natural Gas-fired Power Plant in
Indiana
Black & Veatch to build 495 MW Combined Cycle Project in Oklahoma
PNM to build a $56 Million Natural Gas-fired Power Plant in New Mexico
Rolling Hills Generating seeks Permits for Ohio Power Plant Project Upgrade
GAS/OIL WORLD
GE supplies Four Gas Turbines to Jacobsen Electro for New Facility in
Kinyerezi, Daar es salaam, Tanzania
Initial Tender announced for Omans 2,600 MW Gas-fired Power Project
Federal Government (Nigeria) and U.S. Investors sign MoU to construct
Gas-fired Power Plant
The Partnership Fund starts installation of Gas Turbines at Combined Cycle
Power Plant in Gardabani, Georgia
NUCLEAR
Deal signed yesterday by China's Premier Li Keqiang on visit to Britain to
design and run Nuclear Power Plants
Babcock & Wilcox Nuclear Energy awarded Multi-year Fleet Services Contract
from Dominion Generation
AMEC wins Consultancy Contract for UAE Nuclear Energy Program
BUSINESS
Coal Gasification could completely change Asian Energy Outlook
$24 Billion will be spent on NOx Control Systems and Consumables This Year
GSE Environmental files for Chapter 11 Bankruptcy Protection for North
American Operations
Partnership provides Combustion Optimization Products
Exelon & Pepco file Merger requests with State and DC Regulators
Sime Darby sells Power Plants to B. Grimm Power in Chonburi province, Thailand
POSCO Energy acquires Tongyang Power (South Korea) for $431 Billion
HOT TOPIC HOUR
Coal Combustion Residue Hot Topic next Thursday expanded to cover Chinese
Coal-to-Gas and Coal-to-Chemical
Upcoming Hot Topic Hours
For more information on the Utility Tracking System, click on:
http://home.mcilvainecompany.com/index.php/databases/2-uncategorised/89-42ei
McIlvaine Hot Topic Hour Registration
On Thursday at 10:00 a.m. Central time, McIlvaine hosts a 90 minute web meeting
on important energy and pollution control subjects. Power webinars are free for
subscribers to either Power Plant Air Quality Decisions or Utility Tracking
System. The cost is $300.00 for non-subscribers.
See below for information on upcoming Hot Topic Hours. We welcome your input
relative to suggested additions.
DATE SUBJECT
June 26, 2014 CCR and Effluents Decisions
July
10 Direct Sorbent Injection
17 Gas Turbine Emission Control
24 Wet Calcium FGD
31 Mercury Sorbent Options
August
7 MATS Timing and Technology Options
14 Industrial Boiler and Cement MACT Timing and Compliance Options
21 MEGA Symposium
28 Demineralization and Degasification
September
4 Hot Gas Filtration
11 Power Plant Pumps
18 Power Water Monitoring
25 Power Plant Water Treatment Chemicals
Click here for the Subscriber and Power Plant Owner/Operator Registration Form
Click here for the Non-Subscribers Registration Form
Click here for the Free Hot Topic Hour Registration Form
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Bob McIlvaine
President
847-784-0012 ext 112
rmcilvaine@mcilvainecompany.com
www.mcilvainecompany.com