On-site heat and power deal at European refinery

Canada-based Ovivo Inc has announced that it is to supply a complete demineralisation system for a petrochemical plant in Europe.

The system is part of an on-site combined cycle power plant that will have the flexibility to feed electricity into the national power grid, as well as to supply the facility with process steam and electricity. The contract is worth over C$11 million ($9 million) and the equipment is scheduled for delivery in 2016.

Marc Barbeau, president and CEO, said: ‘We currently experience an increased level of activities in the energy market, while we are intensifying our business development efforts in the industries that are generally benefiting from the falling crude oil prices, such as petrochemical projects.’

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