Home / Knowledge / News / Textiles / Graham Corp wins $5mn order of new petrochemical capacity
Graham Corp wins $5mn order of new petrochemical capacity
Feb '14
Graham Corporation, a global business that engineers, manufactures, and sells critical equipment for the oil refining, petrochemical and power industries, and also supplies components and raw materials for nuclear energy facilities, announced that it was recently awarded four orders for three projects valued at approximately $5 million. The projects are for the petrochemical markets in the U.S. and China and are expected to ship during the next 9 to 12 months. 
The two U.S. orders are for new petrochemical production facilities in the Gulf Coast region, specifically an ethylene plant and a propane dehydrogenation plant. Recent investments in U.S. petrochemical capacity have been driven by the abundance of low cost natural gas and natural gas liquids from the development of shale formations. 
As a result, petrochemical feedstock production costs have been reduced significantly, which in turn has created an improved competitive landscape for the U.S. petrochemical market. 
James R. Lines, Graham’s President and Chief Executive Officer, commented, “We have considerable presence in the U.S. petrochemical industry and continue to experience strong bidding activity for new or expanded production capacity, particularly for ethylene, methanol and ammonia. 
These feedstocks in turn drive many other downstream production facilities that can also present opportunities for our equipment. We believe our proven capabilities, long-term experience and large installed base have driven our dominant U.S. market share to date for surface condensers and ejector systems in this current expansion cycle.” 
The two orders for the project in China are also for a new petrochemical plant. Mr. Lines noted, “We engineered an innovative surface condenser to provide improved facility efficiency for our customer. 
This order follows the successful operation of our first installation of similar specialized equipment in China two years ago.” 
He concluded, “Given current market dynamics, the strongest demand for our products recently has come from the North American chemical/petrochemical markets. Nonetheless, the active bids included in our $800 million to $1 billion pipeline are for diverse geographies and end markets. We believe the active bids in our pipeline demonstrate the breadth of our potential growth opportunities.” 
With world-renowned engineering expertise in vacuum and heat transfer technology, Graham Corporation is a global designer, manufacturer and supplier of custom-engineered ejectors, pumps, condensers, vacuum systems and heat exchangers. For more than 75 years, Graham has built a reputation for top quality, reliable products and high-standards of customer service. 

Graham Corporation

Interviews View All

Asim Dalal, Indo Count Retail Ventures

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Rashi Menda, Zapyle

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Nuno Venda, ROQ

Nuno Venda

‘There has been an increase in demand for water based inks, rather than...

Farheen B Rahman & Priti Jain,

Farheen B Rahman & Priti Jain

Founded by business-designer duo <b>Priti Jain and Farheen Rahman</b>,...

Fan Liyuan,

Fan Liyuan

Chinese company Jiangsu Yingyang Nonwoven Machinery, established in 1993,...

Mark Tokuhara,

Mark Tokuhara

Japan-based FitJoy, a shoe brand for women, has been in the footwear...

Mary-Cathryn Kolb, Brrr°

Mary-Cathryn Kolb

Atlanta-based private start-up Brrr° was founded in 2014 to develop...

Melissa Tate, University of New South Wales

Melissa Tate
University of New South Wales

<div><div><div><div><b>Melissa Tate</b>, a well-known scientist currently...

Kerem Durdag, Biovation II LLC

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

November 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Follow us on instagram


Follow Fibre2Fashion On

Advanced Search