Table of Contents
COAL – U.S.
·
Carper, Whitehouse discover Verbatim Text pulled
from Second Industry Hunton Client in EPA’s
‘DTE’ Memo’
·
Approval and Promulgation of Air Quality
Implementation Plans; Pennsylvania
·
US Government sues Coal Companies owned by West
Virginia Governor’s Family
COAL – WORLD
·
New Coal deals signed at China’s Belt and Road
Summit
·
GE to build Kosovo's New 500 MW Coal-fired Power
Plant
CO2
·
Sask
Carbon Capture Facility likely to fall short of
Annual Target
NUCLEAR
·
Georgia Power's Vogtle Unit 3 achieves Initial
Energization
·
Bechtel Congratulates International Team on
Chernobyl Completion
·
EnergySolutions to decommission Fort Calhoun
·
Three Mile Island Unit 1 to Shut Down by
September 30, 2019
·
Romanian, Chinese Companies sign Deal on
continuation of Nuclear Power Plant Project
GAS TURBINES
·
MHPS Receives Order for Two H-25 Gas Turbines at
Distributed Power Plant in Zhuhai, China
Israel Electric Corporation Awards Contract to
GE for HA Gas Turbine Technology
·
Hokkaido Electric Power Company’s Ishikariwan-Shinko
Power Plant Achieves Commercial Operation
Powered by GE’s HA Gas Turbine
·
DEWA Adds 700 MW to M-Station, Largest Power and
Desalination Plant in UAE
AIR PREHEATER
·
Remote Monitoring and Total Solutions for APH
·
Improved Heat Transfer Elements
·
Air Pre-heater upgrade at the Rheinhafen Plant
·
Howden has Multiple Cleaning System Options
·
Challenges for Air Heaters and Big Potential for
Heat Exchangers to meet New Power Plant
Parameters
·
Balcke Dürr upgrades Air Preheaters
·
Colfax selling Howden through an auction process
·
ARVOS expands India Operations and improves its
offerings
BUSINESS
·
Thermax buys Balcke Dürr shares in Thermax SPX
Energy
·
Balcke-Dürr has a growing International Presence
·
Ducon receives FGD Order from Chloride Metals,
India
·
All Equipment & Machinery from Presque Isle
Power Plant to be Auctioned Off
·
Ingersoll-Rand and Gardner Denver to form Two
Companies
FREE NEWS AND ANALYSES IN THE GLOBAL DECISIONS
ORCHARD
__________________________________________________________________
COAL – U.S.
Carper, Whitehouse discover Verbatim Text pulled
from Second Industry Hunton Client in EPA’s
‘DTE’ Memo’
U.S. Senators Tom Carper (D-Del.), top Democrat
on the Senate Environment and Public Works (EPW)
Committee, and Sheldon Whitehouse (D-R.I.), top
Democrat on the EPW Subcommittee on Clean Air
and Nuclear Safety, again urged the
Environmental Protection Agency (EPA)
Inspector General (IG) to open an ethics
investigation of EPA Assistant Administrator for
Air and Radiation Bill Wehrum and his deputy
chief, David Harlow, after uncovering more
evidence of potential conflicts of interest and
questionable industry influence.
This time, the conflicts involve the Air
Permitting Forum, a second industry coalition
housed at Hunton Andrews Kurth that is comprised
of several companies for which Wehrum and Harlow
have signed ethics recusals.
Approval and Promulgation of Air Quality
Implementation Plans; Pennsylvania
The
Environmental Protection Agency (EPA) is
taking action on a state implementation plan
(SIP) revision submitted by the Commonwealth of
Pennsylvania (Pennsylvania). This revision
consists of regulatory amendments intended to
meet certain reasonably available control
technology (RACT) requirements under the 1997
and 2008 8-hour ozone national ambient air
quality standards (NAAQS). EPA is approving most
parts of the Pennsylvania SIP revision as
meeting RACT requirements under the Clean Air
Act (CAA), while conditionally approving certain
provisions, based upon Pennsylvania’s commitment
to submit additional enforceable measures that
meet RACT.
Federal Register / Vol. 84, No. 90 / Thursday,
May 9, 2019 / Rules and Regulations
US Government sues Coal Companies owned by West
Virginia Governor’s Family
The
US Department of Justice (DoJ) has
launched legal action against 23 coal companies
owned by the family of
West Virginia
Governor Jim Justice over US$4.7 million in
unpaid fines for violations of the Federal Mine
Safety and Health Act. The fines relate to over
2,297 safety violations between May 3, 2014 and
May 3, 2019 at mines operated by the companies.
The DoJ alleges the Justice companies have not
responded to demands by the Mine Safety and
Health Administration, the Department of
Treasury or the United States Attorney’s Office
for the payment of the fines. Jim Justice, a
billionaire coal baron who was elected in
November 2016 as Governor of West Virginia, has
stated that the day-to-day management of his
coal companies has been handed over to his son,
Jay Justice.
COAL – WORLD
New Coal deals signed at China’s Belt and Road
Summit
Despite China’s President Xi Jinping telling the
Belt and Road Forum in Beijing that the plan
“aims to promote green development”, a raft of
coal agreements were
announced at the
event. Some of the deals announced were for the
controversial 1320 MW Hunutru coal-fired power
plant in Turkey, two coal-fired power plants in
Pakistan, the 1960 MW Vinh Tan and the first 600
MW unit at the Nam Dinh plant in Vietnam, and
the 600 MW Jambi 2 plant in Indonesia. Other
agreements were signed for the Erdenet to Ovoot
coal railway and associated road in Mongolia and
a coal plant to service the Sihanoukville
Special Economic Zone in Cambodia.
GE to build Kosovo's New 500 MW Coal-fired Power
Plant
Kosovo and London-listed power firm
ContourGlobal said they had chosen a
consortium of
General Electric subsidiaries to build
and equip a new 500 megawatt (MW) coal-fired
power plant in the Balkan country.
Although sitting on more than 14 billion tons of
proven lignite reserves, the fifth largest in
the world, Kosovo is struggling with power
shortages. The new plant is designed to meet
nearly half of the country’s power demand.
“The selection of GE as Preferred Bidder puts
Kosovo one step closer to achieving a successful
outcome of the process that began long ago with
the support of so many international
institutions,” Kosovo’s economy minister Valdrin
Lluka said in a statement.
“Successful implementation of this project has
the potential to reshape the overall economic
perspective of the country,” he added.
The other bidders for the project were
China
Machinery Engineering Corporation
(CMEC), South Korea’s
Hyundai and a consortium of Turkey’s
ENKA,
Japan’s
Mitsubishi Hitachi Power Systems and
Spain’s
Tecnicas Reunidas.
The project is valued at $1.3 billion, with
financing expected to come from a mix of the
Overseas Private Investment Corporation
(OPIC) and export credit agencies,
ContourGlobal’s CEO told
Reuters
in October. Construction of the plant is
expected to start later this year.
Currently around 90 percent of Kosovo’s
electricity is produced by two ailing coal-fired
plants — Kosova A and Kosova B — which are among
Europe’s worst polluters.
CO2
Sask
Carbon Capture Facility likely to fall short of
Annual Target
SaskPower's
CEO Mike Marsh says the Boundary Dam will fall
short of its 800,000 ton goal but did not say by
how much. Marsh says he doesn't think the
province's carbon capture and storage facility
will be able to meet its yearly target for
trapping carbon dioxide.
Marsh cited a tornado last summer that caused
four generating stations to go off line as well
as additional equipment failures at the carbon
capture site.
He also said the plant had to undergo planned
maintenance in March.
The $1.5-billion facility near Estevan opened in
2014 and takes emissions produced by burning
fossil fuels and stores them. Marsh says it has
achieved its target for capturing carbon dioxide
once and that was in 2016.
"We've had a number of years where we've had
successive maintenance issues and other issues
that affect not just the carbon capture plant,
but the power station," said Marsh.
"Engineering teams and our operations staff
continue to work on the technical issues that
don't allow us to hit that 800,000 tons."
SaskPower reported the facility captured about
626,000 tons of carbon dioxide last year and
about 507,000 tons in 2017. "I think it's a fair
target," said Marsh of the current figure.
Any future expansion of carbon capture and
storage technology remains up in the air.
SaskPower shelved plans to convert two
additional units at the Boundary Dam due to
cost.
In November 2017, Marsh said while the
technology itself was still worthwhile, the low
cost of natural gas made that a more viable
option.
SaskPower is eyeing the possibility of
retrofitting the nearby Shand Power Station to
give it carbon capture and storage capacity, but
Marsh said any decision is years away and will
depend on an economic assessment.
NUCLEAR
Georgia Power's Vogtle Unit 3 achieves Initial
Energization
Georgia Power
announced that plant equipment for Vogtle Unit 3
is now energized, or permanently powered, which
is needed to perform all subsequent testing for
the unit. With plant equipment previously
running on temporary construction power, the
completion of initial energization represents a
significant milestone in the Vogtle expansion as
the project moves from construction toward
system operations.
"Initial energization is a major first step in
transitioning the project from construction
toward system operations," said Vogtle 3 & 4
Construction Senior Vice President Glen Chick.
"With energization complete, we can continue
moving into the actual testing phase for Unit
3."
Significant progress continues at the site, with
the project now approximately 77 percent
complete. With more than 7,000 workers currently
onsite and more than 800 permanent jobs
available once the units begin operating, Vogtle
3 & 4 is currently the largest jobs-producing
construction project in the state of Georgia.
All first quarter milestones have been achieved
including the placement of the Unit 4
pressurizer and the Unit 3 containment vessel
top head, signifying that all modules and large
components have been placed inside the unit.
Last week, Georgia Power filed an update on the
Vogtle 3 & 4 project with the
Georgia Public Service Commission (PSC),
affirming the expected schedule remains within
the regulatory-approved in-service dates of
November 2021 for Unit 3 and November 2022 for
Unit 4, with no change to the total project
capital cost forecast.
From the beginning of the Vogtle expansion,
Georgia Power has worked with the Georgia PSC to
pursue all available benefits for customers and
minimize the impact of the new units on electric
bills. In March, Georgia Power closed on $1.67
billion in additional
Department of Energy (DOE) loan
guarantees for Vogtle 3 & 4. With a total of
more than $5 billion in DOE loan guarantees,
Georgia Power expects to be able to provide more
than $500 million in present-value benefits to
its customers.
The projected peak rate impact to Georgia Power
retail customers is 10.4 percent, with
approximately 5.5 percent already in rates.
Bechtel Congratulates International Team on
Chernobyl Completion
Bechtel
congratulated an international team at Chernobyl
for successfully concluding a critical test that
signifies the completion of a decades-long
effort to protect the environment. The massive
containment arch is now complete and in place
over the damaged reactor – 33 years to the day
after the 1986 accident.The arch, known as New
Safe Confinement, will protect the environment
from further releases of radioactive materials,
and protect the damaged reactor from weather,
tornado, and seismic events. Bechtel led the
consortium that designed the
sports-stadium-sized arch that was slid over the
reactor in 2016. Today, Bechtel is the project
management unit, ensuring that engineering and
construction meet the plant owner's strict
quality requirements. Since 2016, crews have
added walls to both ends of the arch and
installed equipment to allow future dismantling
of the damaged building and reactor with
remote-operated cranes and tools.
The arch is the largest movable land structure
ever built – massive enough to cover several
Statues of Liberty.
"This is the day we've been working toward,"
said Oscar "Mac" McNeil, Bechtel's project
manager at the Chernobyl site. "With
construction and testing complete, we will soon
turn over the facility and all systems to the
plant operators. It's an accomplishment that
required international cooperation and ingenuity
to overcome the challenges presented by
radiation and the environment around the plant,
not to mention the Ukrainian winters."
Chernobyl's reactor No. 4 melted down in 1986. A
concrete covering, hastily built over the
reactor, developed cracks and became unstable,
prompting the need for a longer-term solution.
Bechtel is under
contract to the State Specialized Enterprise –
Chernobyl Nuclear Power Plant. Also playing key
roles on the team are the French consortium
NOVARKA, who constructed the arch, and
the
European Bank for Reconstruction and Development,
which has financed the project along with more
than 40 donor nations.
The arch:
·
weighs 40,000 tons
·
measures 345 feet tall, 540 feet long, and spans
840 feet
·
made of more than 80 elements held together with
600,000 bolts.
Bechtel is a leader
in environmental cleanup and restoration of
former nuclear weapons production sites and
decommissioning of commercial nuclear plants.
The company's experience spans nearly 40 years
and includes the cleanup, remediation, and
closure of nuclear waste sites in the states of
Washington,
Idaho,
New Mexico,
Tennessee,
Nevada,
Pennsylvania,
and South Carolina
in the U.S. and at the Sellafield site in the
UK.
EnergySolutions to decommission Fort Calhoun
EnergySolutions
is to decommission the Fort Calhoun nuclear
power plant in Nebraska, which was permanently
shut down in October 2016, under a contract
signed with owner Omaha Public Power District
(OPPD).
No details about
the contract - including its value - have been
disclosed.
Fort Calhoun
entered commercial operation in September 1973
and the unit underwent extensive operating and
safety systems upgrades during an extended
outage between 2011 and 2013. The 478 MWe (net)
pressurized water reactor is owned and licensed
to OPPD, but operated by Exelon since 2012. At
the time of its closure in October 2016, Fort
Calhoun was the smallest operating nuclear unit
in the USA in terms of its accredited capacity.
Although licensed to operate until 2033, OPPD
cited market conditions, including historically
low natural gas prices and lower energy
consumption, as a major factor behind its
decision to close the plant.
OPPD has previously
said it will use the Safestor decommissioning
option for Fort Calhoun, a deferred dismantling
strategy where residual radioactivity is allowed
to naturally decay over a period of up to 60
years, after which the plant is dismantled. It
will cost an estimated USD1.2 billion to
decommission Fort Calhoun.
"We appreciate the
confidence OPPD has in EnergySolutions to work
with the Fort Calhoun workforce to safely
decommission the facility," said Ken Robuck,
president and CEO of EnergySolutions. "We
are confident this partnership will have
tremendous success in safely decommissioning the
facility on budget and schedule."
John Sauger,
president and chief nuclear officer of
EnergySolutions' decommissioning and
decontamination business, said: "Utilities
continue to recognize the value of the
EnergySolutions Decommissioning Management
Model. The only model of its kind, it is backed
up by years of continued success at our
commercial decommissioning sites."
EnergySolutions
provided support for early nuclear power plant
decommissioning projects, including those at
Fort St. Vrain, Trojan, Connecticut Yankee,
Maine Yankee and Yankee Rowe.
EnergySolutions
recently completed the decommissioning of the
Southwest Experimental Fast Oxide Reactor
(SEFOR) in Arkansas. The company said it will
also finalize decommissioning projects of the La
Crosse plant in Wisconsin and the Zion plant in
Illinois later this year.
Three Mile Island Unit 1 to Shut Down by
September 30, 2019
Exelon Generation
announced this week that Three Mile Island
Generating Station Unit 1 (TMI) will shut down
by September 30, 2019, as previously announced
in May 2017. With only three legislative session
days remaining in May and no action taken to
advance House Bill 11 or Senate Bill 510, it is
clear a state policy solution will not be
enacted before June 1, in time to reverse the
premature retirement of the plant.
“Today is a difficult day for our employees, who
were hopeful that state policymakers would
support valuing carbon-free nuclear energy the
same way they value other forms of clean energy
in time to save TMI from a premature closure,”
said Bryan Hanson, Exelon senior vice president
and chief nuclear officer.
“I want to thank the hundreds of men and women
who will continue to safely operate TMI through
September. We will offer a position elsewhere in
Exelon to every employee who wishes to stay with
the company and is willing to relocate, and we
will do all we can to support the community, the
employees and their families during this
difficult period,” Hanson added.
Exelon Generation previously announced that the
station would prematurely shut down, absent
policy reform, due to economic challenges and
market flaws that fail to recognize the
environmental and resiliency benefits from TMI
and other zero-carbon nuclear energy plants
across the Commonwealth.
“Although we see strong support in Harrisburg
and throughout Pennsylvania to reduce carbon
emissions and maintain the environmental and
economic benefits provided by nuclear energy, we
don’t see a path forward for policy changes
before the June 1 fuel purchasing deadline for
TMI,” said Kathleen Barrón, Exelon senior vice
president, government and regulatory affairs and
public policy. “While TMI will close in
September as planned, the state has eight other
zero-carbon nuclear units that provide
around-the-clock clean energy, avoiding millions
of tons of carbon emissions every year. We will
continue to work with the legislature and all
stakeholders to enact policies that will secure
a clean energy future for all Pennsylvanians.”
Exelon Generation’s highly trained employees
will continue to operate the plant at
world-class levels of excellence through
September, with staff transitions expected
within six months of the plant’s final shut
down.
Over the past two years, Exelon Generation has
worked actively with TMI employees to map them
to other positions, and many have already
accepted placement elsewhere within the company.
Exelon Generation will continue to work with
employees to support them during this
transition.
Last month, Exelon Generation filed the
federally required Post Shutdown Decommissioning
Activities Report detailing plans for TMI after
its final shutdown, including transitioning
staff in three phases down to 50 full-time
employees by 2022. In the filing, Exelon
Generation selected “SAFSTOR,” one of three
decommissioning options for the plant, and
outlined a plan to dismantle large components,
including the station’s cooling towers,
beginning in 2074.
Romanian, Chinese Companies sign Deal on
continuation of Nuclear Power Plant Project
Romanian and Chinese companies signed the
Investors Agreement in the preliminary form
(PIA) regarding the continuation of the
Cernavoda nuclear power plant Units 3 and 4
Project, marking a significant progress in
bilateral cooperation under the framework of the
Belt and Road Initiative.
Representatives of Romania's
Nuclearelectrica and China General
Nuclear Power Corporation (CGN) signed
the agreement at the Romanian Ministry of
Energy, in the presence of Vice Prime Minister
Viorel Stefan, Minister of Energy Anton Anton,
Chinese Ambassador Jiang Yu and Chinese Economic
and Commercial Counselor Guan Gang.
"New nuclear capabilities will play a key role
in decarbonizing electricity production in
Romania and in the region," said the vice prime
minister, stressing that the project will not
only provide clean and safe energy for the
future, but also up to 19,000 jobs.
"Reaching a consensus in the negotiation
process, mutually advantageous for both
parties...is in actuality the effective
initiation of the concrete measures to continue
and develop the Units 3 and 4 of the Cernavoda
Nuclear Power Plant (NPP)," the Minister of
Energy said after the signing ceremony.
Chinese Ambassador Jiang Yu said "cooperation in
large projects is an important part of the
construction of the Belt and Road and the
highlight of the bilateral economic and trade
cooperation."
She congratulated the two companies for making
the substantial progress after years of efforts
in the cooperation of nuclear power projects
between the two countries.
"The Chinese government will work together with
the Romanian government for the nuclear power
project to start as soon as possible, setting a
good example for pragmatic cooperation between
the two countries," she added.
The signing of the agreement represents an
essential stage of the selection process
launched in 2014 from the technical and
operational point of view.
The Investors Agreement in the preliminary form
envisages the set-up of the project company
(JVCO) having as limited aim to be the only
technical and operational platform for the
subsequent development of the project. The limit
date for the set-up of the JVCO is 60 working
days from the date of signing the Investors
Agreement in the preliminary form.
The JVCO is a joint stock company, set up in
compliance with local law and it will have an
initial duration of two years.
Brian Shuming, general manager of the CGN
Romania Nuclear Power Company, told Xinhua that
the signing of the PIA marked a new stage of
development for the bilateral cooperation. Going
forward, CGN is fully committed to working
closely together with its Romanian partner on
the successful development of the next phases of
the project in line with the agreed principles.
CGN signed a memorandum of understanding with
Nuclearelectrica in November 2015 for the
construction of two new units at the Cernavoda
nuclear power plant in Romania, with an
estimated investment of some 8 billion U.S.
dollars.
Cernavoda is home to two operating Candu
reactors, units 1 and 2, and produces around 18
percent of the country's electricity. The
doubling of the production capacity of the plant
through the construction of two new units
represents a major competitive advantage in the
medium and long term, according to local
analysts.
GAS TURBINES
MHPS Receives Order for Two H-25 Gas Turbines at
Distributed Power Plant in Zhuhai, China
Mitsubishi Hitachi Power Systems, Ltd.
(MHPS) has received an order for two H-25 gas
turbines for a thermal power station being built
by
China Resources Power Group,
a leading power provider in China, in Zhuhai
City, Guangdong Province.
The units will comprise the core equipment of a
natural gas-fired gas turbine combined cycle
(GTCC) power plant with combined output of 120
megawatts (MW). The output of each gas turbine
will be around 40MW, the highest level for an
H-25 system. Operations are scheduled to begin
in the latter half of 2020. The power plant, as
a distributed power source in a local industrial
zone, will supply electric power, as well as
steam for manufacturing processes through a heat
recovery boiler utilizing the exhaust from the
gas turbine.
The power plant project is being developed by
Zhuhai China Resources Thermal Power Co., Ltd.,
a wholly owned subsidiary of China Resources
Power Group. Construction is underway at the
Fushan Industrial Park in Zhuhai City. As with
the H-25 systems for the GTCC project at the
distributed power plant developed by China
Resources Power Group in Taizhou City, MHPS
received this order through
Harbin Guanghan Gas Turbine Co., Ltd.
(HGGT), a member of China Shipbuilding Industry
Group, a major producer of ships and marine
machinery. The positive results from that
project led to this latest order.
The equipment for the two systems in the GTCC
facilities comprises the H-25 gas turbines, heat
recovery boilers, steam turbines, and auxiliary
equipment. MHPS will supply the main and
auxiliary machinery for the gas turbines, and
dispatch engineers to the site to oversee
installation and provide guidance during
commissioning. Also, to meet the strict local
emission regulations, the gas turbines
incorporate MHPS' proprietary multi-cluster
combustor, which regulates the emission density
of nitrogen oxide (NOx) to less than
15ppm. This combustor is an application of
technologies developed for integrated coal
gasification combined cycle (IGCC) systems,
allowing for low NOx combustion by
mixing the fuel gas with an ample volume of air
to quickly produce a lean air-fuel mixture.
Israel Electric Corporation Awards Contract to
GE for HA Gas Turbine Technology
GE Power
announced that
Israel Electric Corporation
(IEC), the largest generator and supplier of
electricity in Israel, has awarded a contract
for the Orot Rabin modernization project to GE,
which will include an order for a 9HA.01 heavy
duty gas turbine. GE has also been technology
selected for a second 9HA gas turbine unit with
a contract award expected by the end of 2019.
Located in Hadera, the IEC’s Orot Rabin project
will utilize GE’s HA gas turbine technology as
part of the conversion of the existing power
station from coal to gas generation and will be
the first HA gas turbine in Israel. The order
also includes the steam turbine, generator,
HRSG, and balance of plant equipment—as well as
a 15-year multi-year services agreement. When
operational, the Orot Rabin power plant will
provide more than 630 megawatts (MW) to the
Israeli grid, becoming the largest and the most
efficient gas power plant in the country and
delivering up to four percent of Israel’s
current total power generation capacity.
Hokkaido Electric Power Company’s
Ishikariwan-Shinko Power Plant Achieves
Commercial Operation Powered by GE’s HA Gas
Turbine
GE Power
announced that the
Hokkaido Electric Power Company’s
(HEPCO) Ishikariwan-Shinko Power Plant Unit 1
has achieved the start of commercial operation
using GE’s largest and most efficient gas
turbine: the 9HA. The plant is HEPCO’s
first liquefied natural gas (LNG) fueled thermal
power plant and combines GE’s highly efficient
gas turbine with
Toshiba’s most advanced steam turbine to
achieve leading performance.
GE’s 9HA.01 gas turbine at Ishikariwan-Shinko is
GE’s largest and most efficient turbine and will
provide stable electricity to the island of
Hokkaido’s residents and businesses. The power
plant will also help modernize HEPCO’s power
infrastructure while adding diversification and
decentralization needed to provide reliable
electricity across the island of Hokkaido.
DEWA Adds 700 MW to M-Station, Largest Power and
Desalination Plant in UAE
HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy
Ruler of Dubai, Minister of Finance, and
President of
Dubai
Electricity and Water Authority (DEWA),
inaugurated the extension project.
HE Saeed Mohammed Al Tayer, MD & CEO of DEWA,
noted that the total cost of M-Station with its
extension reached AED 11,669 billion with a
current production capacity of 2,885 megawatts
(MW) and 140 million gallons of desalinated
water per day. The expansion cost AED 1,527
billion and added new generating units with a
capacity of 700 MW.
Before the extension, M-Station generated 2,185
MW of electricity from 6
Siemens F-model gas turbines, each with
a capacity of 255 MW, 6
Doosan Waste-Heat Recovery Boilers for
steam generation, and
3
Alstom steam turbines with a capacity of
218 MW each. The Project included construction
of 16 fuel-oil storage tanks, each with a
capacity of 20,000 cubic meters and totaling
320,000 cubic meters of fuel-oil storage. The
station generated 140 MIGD from 8 Fisia
desalination units, deploying Multi-Stage Flash
(MSF) distillation technology, each with a
capacity of 17.5 MIGD and two dual-fuel-fired
auxiliary boilers.
The expansion project comprises two dual-fuel
gas turbine generators each with a capacity of
263.5 MW, two Waste Heat-Recovery Boilers for
steam generation, and a back pressure steam
turbine from Siemens with capacity of 173 MW.
The expansion’s design increased the plant’s
fuel efficiency to 85.8%, which is one of the
highest rates worldwide. DEWA’s total production
capacity is currently 11,100 MW of electricity
and 470 MIGD of water production.
AIR PREHEATER
Remote Monitoring and Total Solutions for APH
Air pre-heaters in coal-fired plants play an
important role in maintaining plant efficiency.
The heat transfer is only one of the important
parameters. The operation will affect the
performance of downstream air pollution control
equipment. Some pollutants, such as SO3,
can be reduced in the heater itself. This can
increase the need for soot blowing or other
online cleaning devices. There is the chance of
fires, so a monitoring and suppression system is
warranted.
The large rotating vessel requires special
bearing designs.
SKF
supplies high performance bearings, a
lubrication system and condition monitoring
software. So a total solution can include edge
computer feed to a process management system.
https://www.skf.com/caribbean/industry-solutions/metals/Services/SKF.como.html
Much of the expertise needed to operate the
rotating air heaters in an optimal way resides
in Europe and the U.S. With new process
management software and remote monitoring
capabilities, there is the opportunity for the
air heater manufacturers to monitor units in
Asia from other continents on a 24-7 basis.
Cloud-based process management systems can be
receiving data from edge computers designed by
the air heater suppliers along with edge
computer feed from component suppliers such as
SKF. There can be a hierarchy where lowest level
decisions are made by the overall management
system people e.g.,
Rockwell, Honeywell,
Siemens,
MHPS,
etc. Specific decisions at the next level
relative to the air heater can be made by the
air heater primary monitoring individual. When
more complex decisions need to be made, the
decision is referred to a subject matter
ultra-expert at the air heater company.
The 24-7 monitoring allows the air heater
company to provide service as needed rather than
on a routine schedule. The revenue potential for
ensuring optimal performance at all times is
substantial. As
GE
and
Siemens have found out with turbine
monitoring, the more units that are continuously
monitored the better the insights relative to
maximizing performance.
Improved Heat Transfer Elements
Fuel savings with the
Ljungstrom APH are about 11½% for every
40°F to 50°F. The performance is dependent on
the heat transfer efficiency. New element
profiles with lesser pressure drops for
efficient heat transfer with less power
consumption, to improve overall efficiency of
thermal power plants, have been evaluated at
Brindavan University in India. In this
research paper, two types of element profile
(Flat Notched Crossed & Double Undulated
elements) were tested using cold flow studies
with the help of a wind tunnel and compared
their performance at different Reynolds numbers.
It was concluded that the Flat notched were the
more efficient.
http://inpressco.com/wp-content/uploads/2014/02/Paper94501-505.pdf
Air Pre-heater upgrade at the Rheinhafen Plant
The Rheinhafen steam power plant has been
supplying the region of Karlsruhe with power and
district heat. The active units of the
hard-coal-fired power plant provide a total
output of 1,260 megawatts. In order to make the
largest unit RDK 7 fit for efficient energy
production, extensive modernizations were
carried out in 2010 by the operator
EnBW
Kraftwerke AG.
Balcke-Dürr
carried out the modification of the firing
system of the hard-coal-fired boiler. The aim
was optimization of the combustion process. This
included a reduction in the development of
nitrogen oxides, a reduction in the excess air
and improved operational reliability.
The Balcke-Dürr team of experts reduced primary
and secondary air leakages. The measures not
only decreased the dust load of the burner air
but also reduced the maintenance requirements of
the air preheaters to a minimum. The replacement
of the header-type high pressure heater,
refurbishment work on a low pressure heater as
well as the general overhaul work completed the
total scope of services.
Since downtime is always very expensive for
power plant operators, it was important to
finish all measures within the shortest possible
time. In preparation of the work, experts
planned the entire workflow down to the last
detail. The benefit to EnBW was not only the
proven specialized knowledge of the Balcke-Dürr
experts with regard to the various power plant
components and equipment but also the full
service without any interfaces: engineering,
design, own manufacture and supply of
components, installation and upgrade –
Balcke-Dürr provided everything from one source.
The greatest challenge – the extreme time
pressure – was mastered by the team of 500
experts in spite of partly difficult general
conditions. Especially with regard to the
modification of the firing system, experts even
exceeded the goals set.
https://www.balcke-duerr.com/nl/bedrijfsactiviteiten/energie/steenkool/case-study-rdk7/
Howden has Multiple Cleaning System Options
Unlike tubular or plate recuperative heat
exchangers, fouling does not cause deterioration
in heat transfer in a rotary regenerative heat
exchanger. Fouling increases pressure
differentials and consequently fan power and
leakage. Several proven cleaning systems are
available to suit the degree of fouling and
space restrictions, including:
·
Semi retractable steam sootblowers
·
Fully retractable multi-fluid (air/steam and LP
& HP water) sootblowers
·
Semi retractable HP water washing
Enamel coating produces an element with the
combination of both corrosion protection and
good cleanliness when used in the rigorous
environments experienced in the low temperature,
cold end layers of air heaters, and the even
more aggressive regimes associated with FGD gas
heaters and air heaters located after SCR DeNOx
installations
Challenges for Air Heaters and Big Potential for
Heat Exchangers to meet New Power Plant
Parameters
The McIlvaine Hot Topic Hour webinar held in
2012 provided insights which are still relevant
and warrant review. There is a big potential to
optimize both air heaters and supplemental heat
exchangers to meet new parameters for power
plants.
John Guffre of
Paragon Air Heater discussed the effects
of using the air heater for SO3
removal. He reviewed
1.
The physical effects on the air heater.
2.
The balance between air heater efficiency and
the amount of SO3 removed.
3.
The downstream effects of SO3 removal
on other APC equipment.
4.
What the plant needs to add (equipment, CEMS) to
properly remove SO3.
The new parameters for boiler performance are
creating complexities for the air heater. The
quest for improved boiler efficiencies dictates
lower air heater outlet temperatures. Lower
outlet temperatures can result in greater
corrosion. The addition of activated carbon
upstream of the air heater is also a cause of
air heater corrosion when brominated carbons are
used.
One of the parameters affecting the impact of SO3
is the rotational speed of the air heater.
Another is the proper location of soot blowers.
Operational variations are another. John cited
the ability to slow down the air heater at night
or at off peak conditions and increase the metal
temperature. This can eliminate the ammonium
bisulfate buildup.
Paragon Air Heater is looking beyond just the
supply of seals and baskets to help guide the
power plant in decisions which can impact
precipitator efficiency, mercury removal,
corrosion, scaling and SO3 emissions.
Corrosion of the air heater due to corrosion
underneath brominated activated carbon deposits
had been documented. Air heater chucks fell off
within six months. John believes that adding
bromine with the coal rather than with the
activated carbon may reduce the corrosion
problem.
Jon Lehmkuhler of
Chemtura explained that their bromine is
normally added as calcium bromide as a slurry
with the coal. In the boiler a number of gaseous
compounds are formed. It would seem that the
gaseous form is less likely to be concentrated
on the surface and cause corrosion.
Ed Levy of
Lehigh Energy Research Center reviewed
the latest status of the work on condensing heat
exchangers. Pilot work has shown that the
benefits on pollutant removal are significant.
Furthermore, the flue gas contains 6 percent to
17 percent water. So capture and use of this
water is significant. Amine and ammonia CO2
capture units need flue gas cooled to 100°F. So
a plant equipped with condensing heat exchangers
would be carbon capture ready.
The efficiency improvements from heat capture
are significant but McIlvaine speculates they
could even be greater when considering the
opportunities created. For example the I.D. fan
downstream of the condensing heat exchanger
could be axial rather than centrifugal. It could
operate at very high efficiency on a smaller
volume.
Charlie Bullinger of
Great
Rivers Energy updated us on their very
progressive approach to capture the waste heat
from power plants. He reported that the
co-located Blue Flint ethanol plant which does
not have a boiler but instead uses steam
supplied by the Coal Creek Station is running at
capacity. Despite high corn prices, the plant is
competitive due to its cheap energy supply. He
reported that the Spiritwood plant is being
restarted and is now looking for an additional
user of steam in addition the Cargill Malt
plant. Great Rivers is continuing to look at
coal drying as a way to improve efficiency.
Great Rivers has success in drying North Dakota
lignite and providing a 2.8 to 5 percent
efficiency improvement.
There was some discussion over the new Moxie
Liberty 936 MW gas turbine plant in Pennsylvania
which will use shale gas. It will also use air
cooled condensers. Ed Levy was asked whether
Lehigh had looked at condensing heat exchangers
for gas turbines. He replied that there has been
some investigation and the application is
promising.
One impact on air heaters could be the
development of ceramic filters for power plant
applications. Clear Edge has TopKat®
which removes both particulate and NOx
at 850°F. It can also remove SO2 by
the dry injection mode. The use of this device
ahead of the air heater would eliminate
particulate and reduce the potential for SO3
deposition. John Guffre was asked whether this
mode would allow more efficient air heater
design. He replied that leakage and efficiency
could be significantly improved under such
conditions.
A number of other subjects were reviewed
including the gas-to-gas heat exchangers
employed by
Hitachi and
Mitsubshi ahead of precipitators to
greatly improve particulate capture. The use of
sonic horns in addition or in place of soot
blowers was briefly discussed. Use of waste heat
to beneficiate flyash included removal and reuse
of ammonia and extraction of rare earths and
metals.
Balcke Dürr upgrades Air Preheaters
Balcke-Dürr
offers Regenerative Air Preheaters with rotating
Ljungström-type as well as stationary
Rothemühle-type heat storage medium.
They cite features that can improve operation.
·
Less fan power consumption and less fuel costs
due to site-specific optimum in terms of
leakage, heat transfer and pressure drop
·
Less wear of seals
thanks to high efficiency adjustable non-contact
sealing system while at the same time reducing
leakage mass flow rates
·
Higher efficiency of downstream installations,
e.g., filters and FGD units,
through reduced flue gas flow after the air
preheater
Balcke-Dürr provides all services for its own
products and those of other companies.
Verifiable improvements in performance can be
demonstrated for
•
Complete overhauls
•
Leakage minimization with innovative sealing
systems
•
Upgrading and revamping
•
Inspections, condition and damage analyses as
well as modification and overhaul planning
•
Supply, disassembly and installation of spare
parts, wear parts and auxiliary units:
o
Heating elements
o
Bearings
o
Electric and pneumatic drive units
o
Sealing system
o
Pin rack
o
Sootblowers, washing equipment incl. piping
o
Fire alarm equipment
o
Rotation-monitoring system
o
Checking and setting of the pneumatic system,
instrumentation and control equipment
Colfax selling Howden through an auction process
Colfax Corp
is pressing ahead with plans to sell its air and
gas handling unit Howden as part of a shift to
focus on the medical devices industry and has
hired
Goldman Sachs to handle the process.
An auction process for the 165-year old Scottish
company, which makes heat exchangers and gas
compressors largely for oil and gas companies,
is expected to kick off shortly.
Colfax is hoping to receive about 1.5 billion
pounds ($1.9 billion) from the sale of the
business, which employs more than 5,000 people
globally and has operations in 16 countries
including Mexico and Canada. It employs 350
people at its main UK site in Renfrew, near
Glasgow.
Howden,
founded in 1854 and bought by Colfax in 2012,
makes core earnings of more than 150 million
pounds, two of the sources said, adding the
business would mainly appeal to private equity
funds due to lackluster interest amid industry
buyers.
Goldman, was expected to send confidential
information to potential bidders in February
2019.
ARVOS expands India Operations and improves its
offerings
LJUNGSTRÖM,
a division of
ARVOS
Group, has made significant investment
in their manufacturing operations in India by
setting up new air preheater manufacturing site
at Mahindra World City, Chennai. With a
significantly higher production capacity of
16,000 metric tons per annum, and an upgraded
state-of-the-art manufacturing process and
equipment, the new facility will be the leading
heating element manufacturer in the region
catering to increasing demand for heating
equipment in India and support LJUNGSTRÖM’s
growth strategy.
Spread across 12,000 square meters, the new
LJUNGSTRÖM facility is dedicated to heating
element manufacturing, quality, testing and
inspection. The facility will produce baskets
with LJUNGSTRÖM’s latest profile of heating
elements like DNF+, DNF, and DUN8 which claim
most efficient heat recovery and superior
cleanability. It is equipped with the most
advanced manufacturing and testing equipment
including advanced element crimping
capabilities.
“India is one of the largest single markets for
LJUNGSTRÖM in many areas and will also be one of
the fastest growing markets as the installed
base grows. As India’s economy is developing at
a rapid speed, the country’s demand for energy
will remain high,” said LJUNGSTRÖM President,
Dave Breckinridge. “We are committed to bring
genuine advanced LJUNGSTRÖM heat exchanger
technology to India to support the existing
power plant installed base with efficiency and
environmental upgrades using proven JUNGSTRÖM
solutions. The new facility will
improve our production capacity, support our
continuing growth strategy, and help us service
our customers in India better.”
“We are on an exponential growth trajectory,
offering high technology products to address the
energy constraints by maximizing the utilization
of flue gas heat recovery, thereby increasing
the performance of plant equipment. This new
facility will help us leverage future
technologies that will focus on the triple
constraints of energy efficiency, reduced
emission and cost effectiveness at the same
time,” said Pankaj Chopra, Managing Director,
LJUNGSTRÖM.
LJUNGSTRÖM and
SEALEZE announced a strategic global
agreement providing exclusive access of SEALEZE
brush strip technology to LJUNGSTRÖM for
incorporation into their air preheater sealing
products.
“The selection of LJUNGSTRÖM as our partner was
logical for SEALEZE and consistent with our
vision to expand our global reach in air
preheater sealing components.” said John Lukow,
General Manager of SEALEZE.LJUNGSTRÖM is now
offering the new brush seals to their
aftermarket and new customers immediately.
LJUNGSTRÖM has been awarded a significant
contract for the supply of air preheaters and
gas-gas heaters to the Indian market. The
contract by Doosan Power Systems India (DPSI) is
for the supply and delivery of eight Ljungström®
Air Preheaters and four Ljungström®
Gas-Gas Heaters for the Obra-C coal-fired
electrical power plant in Sonebhadra district,
and for the Jawaharpur coal-fired electrical
power plant in Etah district, both in Uttar
Pradesh.
This contract is for the two supercritical power
plants, totaling 2,640 MW, in the state of Uttar
Pradesh. The four 660 MW boilers at the Obra-C
and Jawaharpur plants will receive the latest
Ljungström® air preheater and gas-gas heater
technology, totaling over 9,000 tons of advanced
heat exchanger equipment.
LJUNGSTRÖM has completed the heavy erection
installation for a contract awarded by GE Power
for the supply and delivery of a Tail-End DeNOx
Ljungstrom® Gas-gas heater (GGH) for the ZW Nowa
Power Plant; a 150-megawatt coal and heat plant
in Dąbrowa Górnicza, Poland.
This contract, for the retrofit of the existing
five OPG-230 boilers, introduced performance
improvements and emission reduction in order to
meet more demanding regulations on NOx
emission. The ZW Nowa installation, with GE’s
own patented semi-dry NID™ modules, treats
1.600.000 Nm3/h of flue gas and is
one of the biggest semi-dry FGD installations
ever built in Europe.
BUSINESS
Thermax buys Balcke Dürr shares in Thermax SPX
Energy
Thermax
has definitive agreements with German firms
Balcke-Dürr GmbH and Mutares
Holding-24 AG to buy their shares in its
joint venture Thermax SPX Energy
Technologies Ltd.
Thermax had a 51 percent stake in Thermax SPX
Energy Technologies with Balcke-Dürr holding 26
percent and Mutares Holding-24 having the
remaining 23 percent. "Subsequent to the
acquisition, TSPX has now become a wholly-owned
subsidiary of Thermax Ltd,
Thermax is anticipating a rise in demand for
captive power plants over the next four to five
years as investments in large power projects are
plummeting and utilities are unable to garner
reliable supplies. Therefore, industries like
food processing, pharmaceuticals, textiles and
automobiles are focusing on improving their
capacities and planning to generate their own
power, instead of depending on the unreliable
grid infrastructure.
Thermax Group is a 750 million dollar
engineering company based in Pune with presence
across 86 countries with 27 international
offices and 14 manufacturing facilities. The
group also contains seven wholly-owned
subsidiaries in India and 21 overseas.
Balcke-Dürr has a growing International Presence
Balcke-Dürr
helps utilities operate power plants and has
done so for 130 years.
The company is
based in Dusseldorf, Germany, and has further
engineering and production sites in Germany,
Italy, Poland, Hungary, China, and India.
It has services for geothermal and concentrated
solar as well as the following.
Products and services for coal-fired power
plants:
Products and services for combined cycle power
plants:
Products and services for nuclear power plants:
Products
and services for waste-to-energy power plants:
·
Grate Services
·
Boiler Services
·
Feedwater Heaters
·
Flash Tanks
·
Surface Condensers
·
Desuperheaters
·
DELTA WING® Mixer Systems
·
Gas-Gas Heaters
·
Air Preheaters
The company employs the following tools and
competencies to meet specific challenges:
-
Computational Fluid Dynamic
Simulation
-
Dynamic Process Engineering and
Optimization
-
Acoustics – Computation of
Absorptive Silencers
-
Thermodynamic Design of Heat
Exchangers
-
Laboratory and On-Site
Measurement Capabilities
-
Prototype and Model
Manufacturing and Testing
-
Development of Customer-specific
Software and Web Applications
-
Permanent Improvement of
In-House Calculation and
Engineering Tools for Developing
State-of-the-Art Plant
Components
SPX Corporation
sold the “Balcke-Dürr group,” to mutares AG
(“mutares”), a German-based publicly traded
industrial holding company in 2016. .Balcke-Dürr
manufactures components for energy efficiency
and the reduction of emissions in the chemical
and power generating industry. The company is
based in Dusseldorf, Germany, and has further
engineering and production sites in Germany,
Italy, Poland, Hungary, China, and India. In
2015, it generated revenues of €142m with 650
employees.
The future strategy for Balcke-Dürr is based on
the development of its market position with the
goal to access new international customers and
industries. Balcke-Dürr is part of mutares'
engineering & technology segment.
After a successfully implemented turnaround plan
in 2017, the company is now focused on its
growth strategy. After the acquisition of Donges
Steeltech,
Balcke-Dürr Group, has taken over the operation
of the Heat Transfer Product (HTP) Division of
STF Spa and STF France (“STF”). Its offices and
manufacturing facilities remains located in
Magenta, all engineering, quality and
manufacturing capabilities remain fully intact.
This strategic add-on acquisition broadens the
product range and provides synergies in
engineering, construction and site services
between the two companies. It aims at
reinforcing Balcke-Dürr’s presence in the power
industry both for the conventional and nuclear
sectors in general and its footprint in Italy
and France in particular.
Its efficient and eco-friendly technologies
provide B2B partnerships to respond to the
challenge of delivering products and services
while guaranteeing margins and protecting the
environment.
Ducon receives FGD Order from Chloride Metals,
India
Ducon Infratechnologies Limited
an emerging technology company providing
solutions in the Industrial, infrastructure &
digital space to multiple business segments
across varied industries announced its latest
FGD order.
The Company announced that it has received a FGD
order from
Chloride Metals, India's largest
secondary lead smelter and production company
for their Greenfield lead metal recycling and
pyro refining project in Haldia. Under this
turnkey order Ducon will provide a complete
system including Limestone FGD system along with
particulate control system which will allow
Chloride Metals to come with latest emission
standards.
The Company continues to be actively involved in
bidding on both power plant size and industrial
size FGD projects, and remains hopeful to win
some of these projects as and when they are
decided.
All Equipment & Machinery from Presque Isle
Power Plant to be Auctioned Off
After shutting down power generation in March
2019, all equipment and machinery located at
Presque Isle power plant will be sold in a
three-phase online auction. The plant originally
consisted of eight power generation units, with
4 units going into service between 1975 and
1979. The 65-acre power generation station is
located on the shore of Lake Superior in
Marquette Michigan. The plant ceased operations
at the end March 2019. All equipment, machinery
and parts are available to purchase via auction.
Interested buyers must register to bid online on
www.aucto.com.
The auction is being conducted by NRI
Industrial Sales, a company specializing
in the marketing and sale of industrial
equipment. Buyers interested in inspecting the
equipment can make an appointment by contacting
NRI Industrial at
auctions@nri-isd.com
or
1-855-550-7745.
Online bidding for the upcoming auctions is
provided by
www.Aucto.com.
Phase #1
End Date – May 22nd, 2019 @ 10:30am EDT.
Items to be liquidated in phase 1 include the
following: MRO Spare Parts, Machine Shop
Equipment & Machinery, Hand & Electric Tools,
Test Equipment, Tool Cabinets, Ladders, Carts,
and other plant support equipment.
Phase #2
End Date – June 4th, 2019 @ 10:30AM EDT.
Items to be liquidated in phase 2 including the
following: Process Equipment, Coal Handing
Equipment, Pumps, Motors, Instrumentation,
Valves, Air Compressors, Diesel Generators,
Filter Press, Screeners, Heat Exchangers,
Condensers, and more.
Phase #3
End Date – June 18th, 2019 @ 10:30AM EDT.
Items to be liquidated in phase 3 including the
following: Electrical Substations, Transformers,
Motor Control Centers, DCS Control Cabinets,
Recycled Materials, Consumable Metals and more.
Ingersoll-Rand and Gardner Denver to form Two
Companies
Gardner Denver
and
Ingersoll Rand will combine and then
split into two companies. One is industrial and
one is climate-oriented. For the power industry,
the companies offer compressors, blowers and
multiple pump types. The problem is that Asia
represents less than 20% of the present market
for each company. 68% of the pump sales will be
in Asia in the coming years. So the combined
company will be challenged to better penetrate
the Asian market.
Continent
|
2019
|
2020
|
2021
|
TOTAL
|
3,102.18
|
3,211.07
|
3,271.27
|
Africa
|
94.63
|
110.41
|
113.17
|
America
|
459.76
|
460.86
|
468.79
|
Asia
|
2,074.08
|
2,209.00
|
2,257.22
|
Europe
|
473.74
|
430.84
|
432.13
|
It has been shown that lower total cost of
ownership can be the route to success in Asia.
Electricity prices are higher, so that a pump or
blower, which is more efficient, will compare
better in Asia.
In one case, Gardner Denver won an order
for FGD oxidation blowers because of higher
blower efficiency and despite higher price.
Ingersoll-Rand plc is to spin off its Industrial
segment (Ingersoll Rand Industrial) and combine
it with Gardner Denver Holdings Inc, creating an
industrial company (IndustrialCo)
valued at approximately US$15 billion.
Ingersoll Rand’s current HVAC and transport
refrigeration assets will become a pure play
global leader in climate control solutions for
buildings, homes and transportation (ClimateCo).
IndustrialCo, which is expected to be called
Ingersoll Rand and trade under Ingersoll Rand’s
existing ticker (NYSE: IR), will be home to
Gardner Denver and Ingersoll Rand Industrial,
including Ingersoll
Rand’s pending acquisition of Precision Flow
Systems (PFS), which is
expected to close by mid-2019.
IndustrialCo
will have 2019 pro forma revenue of around
US$6.6 billion.
Gardner Denver CEO Vicente Reynal and executives
from both companies will lead IndustrialCo. The
IndustrialCo board will be headed by Gardner
Denver chairman Peter Stavros and include seven
Gardner Denver and three Ingersoll Rand
designated directors. IndustrialCo’s corporate
operations will be located in Davidson, North
Carolina.
Michael Lamach, Ingersoll Rand’s chairman and
CEO, along with the current Ingersoll Rand
executive team, will continue to lead ClimateCo,
which is expected to be renamed.
Through the “Reverse Morris Trust” transaction,
Ingersoll Rand Industrial is expected to be spun
off to Ingersoll Rand’s shareholders and
simultaneously merged with and surviving as a
wholly-owned subsidiary of Gardner Denver.
Existing Ingersoll Rand shareholders will own
50.1% of the combined company, with existing
Gardner Denver stockholders holding 49.9%.
ClimateCo will receive US$1.9 billion in cash
from Ingersoll Rand Industrial that will be
funded by newly-issued debt assumed by Gardner
Denver in the merger.
“This transaction will create a global leader in
mission-critical flow creation and industrial
technologies, and accelerate both companies’
strategic priorities of deploying talent,
driving growth, expanding margins through
increased efficiencies and allocating capital
effectively,” said Gardner Denver’s Reynal.
Following the close of the transaction,
IndustrialCo intends to grant all employees of
the combined company—who are not already equity
eligible—with an equity award in IndustrialCo.
“In the same spirit in which we granted stock to
our employees during Gardner Denver’s IPO, we
feel strongly that all employees of IndustrialCo
should be owners of their business,” said
Gardner Denver’s Stavros. “We believe in
fostering an ownership mentality, and that this
drives motivation and engagement, something that
has been clear in Gardner Denver’s strong
performance. We look forward to offering this
equity award to all eligible employees of the
combined company and working together to drive
the business forward to create value for all of
our shareholders.”
The transaction is expected to close by early
2020, subject to approval by Gardner Denver
stockholders, regulatory approvals and customary
closing conditions.
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