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NATCO Awarded Contracts to Provide Technology and Equipment

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frenchee   Sunday, 03/09/08 01:01:35 AM
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NATCO Awarded Contracts to Provide Technology and Equipment for Motiva Port Arthur Refinery Expansion Project


HOUSTON--(BUSINESS WIRE)--March 06, 2008-- NATCO Group Inc. (NYSE:NTG) today announced that it has been awarded contracts to provide equipment and technology for the Motiva Port Arthur Refinery Expansion Project in Port Arthur, Texas.

One award to NATCO features the Dual Polarity(R) advanced crude desalting technology. NATCO will design four large vessels that will process 325,000 barrels per day (bpd) crude charge in two process trains. This represents the largest refinery crude unit desalter project for NATCO in a U.S. refinery, and clearly marks the company's entrance into the U.S. downstream market.

"This important project builds upon our legacy of providing equipment and technology to the upstream industry for over 80 years, and delivers on our strategy to penetrate the U.S. refining market with innovative technology solutions that refiners need for improved processing of today's heavy crudes," said Patrick M. McCarthy, President & Chief Operating Officer, NATCO.

Additionally, NATCO's Linco Electromatic subsidiary in Midland, Texas, a leader in petroleum measurement systems, recently received a purchase order to provide a refined products metering terminal for the expansion project. This contract consists of five skid packages and is designed to meter the increased production of gasoline, diesel, jet fuel, and other refined products that the refinery's expansion will produce.

Linco had previously received additional orders for two crude skids and component metering systems, used for leak detection and pipeline operations, for additional crude oil and refined products terminals associated with the Motiva Port Arthur Refinery Expansion Project.

Motiva has contracted with a joint venture of Bechtel Corporation and Jacobs Engineering Group to manage engineering, procurement and construction for the entire Port Arthur refinery expansion project.




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frenchee

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