The first order for Peerless is for the design and supply of a Selective Catalytic Reduction (SCR) system complete with carbon dioxide reduction to be installed at the new 435 megawatt Hemweg 9 combined cycle power plant in the Netherlands. The plant will be operated by the Dutch utility Nuon, a subsidiary of Vattenfall A.B. The equipment is scheduled to be delivered in the second calendar quarter of 2011.
The second order is for the supply of Skimovex(TM) oil/water separation equipment applied to water treatment on an unmanned gas platform for a customer in Saudi Arabia. The Company expects to deliver these units in the first calendar quarter of 2011.
The third order is for multiple SCR systems to be installed in conjunction with replacing three once-through heat recovery steam generators on a gas production plant in California. Delivery is scheduled for early in the first calendar quarter of 2011.
The fourth order is for an additional turnkey retro-fit SCR system to be located at the Victoria, Texas Cogen refinery facility. Delivery is planned for early fall 2011.
The fifth order is for a large separation/filtration pressure vessel designed to remove moisture from a liquefied natural gas processing plant in Australia. Delivery is scheduled for summer 2011.
Peter J Burlage, chief executive officer, Peerless, said: “The awarding of these important projects to close out our fiscal year is very gratifying and represents a significant addition to our backlog as we enter our next fiscal year. Our commitment of resources to the Middle East and Europe continues to expand and is accelerating our ability to penetrate these important markets. The Skimovex water separator equipment award is our first significant order of this product since our acquisition of Nitram in 2008. The market for oil/water separation is large, and although competitive, we believe that with a more robust sales and marketing effort Peerless can build a strong position in this business due to our ability to custom design and fabricate to the customers' project specific needs.”