Thu, 09/04/2014 - 00:00

BATAVIA, N.Y. (Sept. 4, 2014) – Graham Corporation announced that it has secured four new orders totaling approximately $7.5 million for oil refining and chemical industry projects. Graham, which has significant market share in China for distillation column vacuum systems for oil refineries, will engineer and manufacture an ejector system for a new oil refinery currently under construction in China. The ejector system is scheduled for shipment in approximately 12 months. “In just an eight-year period, we have successfully built a strong brand and market position in the oil refinery industry in China,” said James R. Lines, Graham's president and CEO. “This success was facilitated by our unique sales approach, which involves our early participation in project planning with customers.” China is expected to be the world's largest oil consumer in 2014, and net daily refining capacity in China is expected to expand by 4.4 million barrels of oil by 2020. Comparatively, in the same time period, the U.S. is expected to increase net capacity by roughly 400,000 barrels of oil per day. Two separate orders are for U.S. petrochemical facilities investing in incremental capacity as a result of the availability of low-cost natural gas that serves as a primary feedstock and energy source for the petrochemical plants. Each plant requires steam surface condensers, and planned shipment is within 12 months. The company's fourth project that has been announced is for a liquid ring compressor package for an upgrader application in the Canadian oil sands region. This package will be shipped in approximately 18 months. "I believe that these wins are a reflection of the ongoing improvement in our oil refining and petrochemicals markets and are a testament to the success we are having with our sales and marketing strategy to expand our opportunities," said Lines. With a focus on vacuum and heat-transfer technology, Graham Corporation designs, manufactures and supplies custom-engineered ejectors, pumps, condensers, vacuum systems and heat exchangers. Graham Corporation's subsidiary Energy Steel & Supply Co. is a code-fabrication and specialty machining company dedicated exclusively to the nuclear power industry.