Graham Corporation has announced that it has been awarded a $9.5 million purchase order for an ejector/liquid ring pump combination vacuum system for a major US refinery expansion project located in the US Gulf Coast region. Planned delivery is September 2008, and revenue will be recognized on percentage of completion basis. At this time, it is not anticipated that this order will contribute to current fiscal year 2008 sales.
The refinery, which produces gasoline, diesel and aviation fuel, will add over 300,000 barrels per day in additional capacity. This increase, which is equivalent to building a new refinery, will make this site the largest refinery in the US and among the largest in the world. The refinery already had several pieces of Graham's equipment in its existing operations.
James R. Lines, President of Graham Corporation, noted: "Our engineering excellence, quality product and strong reputation enabled us to win this record order. We have had a long relationship with this customer, and they are already using our equipment in their operations. This expansion is representative of the significant investment being made by the oil industry in US refinery operations. We believe that market fundamentals continue to support refinery expansion in the US and around the world, and we intend to capitalize on this growth while focusing on the projects and customers that have the highest degree of likely success."
Graham engineers have been working with the refiner and the engineering, procurement and construction contractor over the last 18 months to develop design options and solutions to best meet the operating objectives of the refinery. The refinery will include the latest in design and technology that will minimize emissions associated with the refining process and produce lower emission fuels.
