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12-06-2013

PMFG Inc awarded $12.6M environmental system order

PMFG, Inc today announced that it has been awarded a contract with a value of approximately $12.6 million for a selective catalytic reduction ("SCR") system. The System consists of all the pollution control equipment, exhaust ducting and associated equipment. The SCR System will be used on a Methanol unit at a chemical plant in Texas. Methanol is a key feedstock in making numerous other chemicals.  With a scheduled delivery date in the second half of calendar year 2014, revenue will be recognized across fiscal years 2013 thru 2015, with the majority of the revenue in FY2014. 

Peter J. Burlage, PMFG's chief executive officer said, "We believe this order demonstrates yet another win for our company driven by the abundant supply of low-cost natural gas in North America and our position along the natural gas value chain. The capacity expansion decision by the plant operator was predicated on low cost natural gas, which serves as both a feedstock and energy source to operate the plant. The capacity expansion requires the addition of associated pollution control equipment, which is being supplied by PMFG in order to meet the local and national environmental requirements."

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