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PMFG Inc Gets $4.3 Million Process Products Order


Monday, 4 Nov 2013 08:30am EST 

PMFG, Inc announced that it has been awarded a contract with a value of approximately $4.3 million (26.3 million RMB) for the separation technology. The order was for a variety of 2-phase and 3-phase separators to be installed in the Ningxia Shenhua Coal Chemicals Group coal-to-liquids conversion facility in Ningdong, China. In the coal-to-oil process, coal is exposed to steam and air under high temperature and pressure, which produces gases consisting mostly of carbon monoxide and hydrogen. This syngas can then be processed into high value liquid fuels and chemicals. With a scheduled delivery date in the summer of 2014, revenue will be recognized across fiscal years 2014 into 2015, with the majority of the revenue in FY2014. 

Company Quote

5.17
-0.03 -0.58%
31 Jul 2014