The first order is for a custom-engineered steam surface condenser for a municipal waste-to-energy project in the US. Upon completion, the expanded facility will generate 80MW of electricity. Second order is for steam surface condensers to be installed in an ethylene producing facility in Asia.
The US order is expected to ship in the third quarter of the company’s fiscal 2011, which begins on April 1, 2010, and the Asian order is scheduled to ship in the fourth quarter of its fiscal 2011.
James Lines, president and CEO of Graham, said: “We believe that there is a growing pipeline for alternative energy projects in the US, especially in waste-to-energy, geothermal, solar and cogeneration. We currently have a number of bids outstanding on approved projects.
“Moreover, there are a number of potential projects being evaluated by facility developers.The ethylene facility order, our second in as many quarters, is especially noteworthy because we believe it is an indicator of petrochemical industry health. We now believe this market is in the early stages of recovery.”
