Porvair PLC Significant Contract Win (7673Y)

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RNS Number : 7673Y

Porvair PLC

04 December 2014

For immediate release 4 December 2014

Porvair PLC

Significant Contract Win

Porvair selected for Chinese gasification filtration project

Porvair plc ("Porvair" or "the Group"), the specialist filtration and environmental technology group, today announces that it has won a new contract expected to be worth in excess of $10m. Porvair's Microfiltration division has signed an agreement with a Chinese state oil company to supply char filtration equipment to a coal-to-substitute natural gas (SNG) gasification project to be built at an oil refinery in Guangdong, China. Deliveries are expected to commence in 2016 with commissioning during 2017 and 2018.

Ben Stocks, CEO of Porvair plc commented: "Gasification filtration is an important market for Porvair and this is another significant contract win. The project uses similar technology to that supplied to POSCO, Reliance and SG Solutions and is similar in scale to the POSCO installation. After-market opportunities exist for all four projects, and a set of spares for POSCO will be shipped in 2015."

For further information, please contact:

 
Porvair plc                             01553 765 500 
Ben Stocks, CEO 
 Chris Tyler, Group Finance Director 
 
  Buchanan 
Charles Ryland / Steph Watson           020 7466 5000 
 

Porvair plc

Porvair is a group of specialist filtration and environmental technology businesses. Its products are used in a range of niche filtration markets, and are derived from its expertise in the design and manufacture of filtration systems using ceramic, metal, plastic and carbon media. Its Seal Analytical business is a market leader in the manufacture of laboratory based water analysis equipment

This information is provided by RNS

The company news service from the London Stock Exchange

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