08182018Sat
Last updateFri, 17 Aug 2018 5pm

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Union Tech Awarded Contract for MTO Project

Union Tech Awarded Contract for MTO ProjectUnion Tech was awarded a contract consisting of Z4 rising-stem ball valves and paired actuators installed in Nanjing Chengzhi Yongqing Energy Technology’s 600 kt/a methanol-to-olefins (MTO) project in March 2018 by Wison Energy Engineering, who was the EPC for the project. The project, which converts methanol from coal and other sources into olefins that are the essential ingredients for plastic production licenses Honeywell UOP’s MTO technology. Chengzhi Yongqing’s MTO unit—which will be the operator’s second at the site—is scheduled for startup in 2019.

The contract spanned a wide range in valve sizes, from 1.5” up to 10”. Union Tech manufactured both the valves and matching linear pneumatic actuators. Final inspections were conducted and passed in August 2018 at Union Tech’s Houston, TX facilities, and the valves were subsequently shipped to the Chengzhi Yongqing MTO plant.  


Lal Karsanbhai to Lead Emerson Automation Solutions

Lal Karsanbhai will succeed Michael Train to become executive president of Emerson Automation Solutions, effective October 1. As previously announced, Train will take over as Emerson’s president and will also serve as chairman of Automation Solutions.

Karsanbhai, who has served as group president of Emerson’s Rosemount Measurement & Analytical business since 2016, has more than 23 years of experience with Emerson in a career that spans the globe. He served as president of Emerson’s former Network Power business in Europe, Middle East and Africa from 2014 and has held leadership roles throughout Emerson, including vice president of corporate planning, president of Emerson’s Fisher regulator technologies, and vice president and general manager of its natural gas unit. 

Quality Valve Acquired by Pfingsten Partners

Pfingsten Partners, L.L.C. has invested in Quality Valve, Inc., a multi-brand distributor of OEM replacement parts for safety and relief valves, in partnership with the company’s founder, Raymond McCaffrey, III. Pfingsten acquired Quality Valve on July 27, 2018.

“We are eager to partner with Pfingsten and take Quality Valve to the next level,” said Quality Valve president, Raymond McCaffrey, III, who retained equity ownership in the company. “Pfingsten’s operational capabilities, conservative capital structure and prior experience in the valve industry will provide our Company with additional resources to scale our customer-centric value proposition.”

Velan Awarded Offshore Valve Contracts in Singapore

Velan Inc.'s wholly owned subsidiary located in Lucca, Italy, has been awarded important contracts for the supply of three different types of valves to MODEC Offshore Production Systems (Singapore) Pte. Ltd. These orders represent a sales value of about $18 million and are scheduled for delivery by early 2019.

Velan ABV signed contracts with MODEC for the supply of API 6D and API 6A valves for their new floating production storage and offloading (FPSO) MV30 Carioca vessel. The FPSO will be deployed at the Sépia field operated by Petróleo Brasileiro S.A. (Petrobras), located in the giant “pre-salt” region of the Santos Basin some 250 kilometers off the coast of Rio de Janeiro, Brazil at a water depth approximately 2,200 meters. 

Emerson Reports Strong Third Quarter 2018 Results

Emerson Automation Solutions net sales increased 18% in the quarter, with underlying sales up 12% excluding favorable currency of 2% and an impact from acquisitions of 4%. Growth continued to reflect strong short cycle repair and maintenance (MRO) demand and projects focused on expansion and optimization of existing facilities. Trends were positive across all key market verticals and world areas, with double digit growth in both mature and emerging markets. 

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