Industry News
PETRONAS signs MoU with CNPC for integrated sustainable energy solutions
Petroliam Nasional Berhad ( PETRONAS ) and China National Petroleum Corporation ( CNPC ) have signed a Memorandum of Understanding ( MoU ) during the CNPC International Cooperation Forum at the 7th China International Import Expo . This collaboration , marking the 50th anniversary of Malaysia-China diplomatic ties , aims to advance sustainable energy development . The MoU , signed by senior representatives from both companies , focuses on upstream oil and gas exploration , LNG |
value chains , specialty chemicals , renewable energy , green hydrogen , and carbon capture utilization and storage ( CCS ). It also establishes an open communication platform for sharing insights and best practices to drive the energy transition . PETRONAS has long supplied China with energy resources , supporting the transformation of its energy sector and contributing to economic growth . At the forum , PETRONAS ’ President highlighted the company ’ s commitment to global strategies aligned |
with inclusive and sustainable economic globalization , further |
strengthening ties with China ’ s energy sector . |
Elliott Tool Technologies recognizes Dunn Heat Exchangers for industry contribution
Elliott Tool Technologies awarded Dunn Heat Exchangers , Inc . the 2024 Gustav Wiedeke Award at the Heat Exchanger World Americas Conference , recognizing Dunn ’ s collaboration in product development and industry problemsolving . |
Dunn sought a solution to streamline step rolling thicker tube sheets , a process hindered by traditional expander limitations and air-driven system challenges . Partnering with Elliott ’ s development team , Dunn provided valuable market insights and |
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fabricated a tube sheet for field testing , enabling rapid design and validation of the new expander in real-world conditions . The resulting Ultra Hawk tool has expanded the boundaries of tube expansion , achieving 3 ” and 4 ” roll lengths through its electric servo |
motor and parallel pin capability . “ Dunn ’ s collaboration was critical to our success ,” said Mollie Martin , Marketing Manager at Elliott . “ Their insights helped us deliver a tool designed to address market challenges and improve productivity .” |
Glacier Energy snaps up another North East England firm
Glacier Energy has snapped up another firm based in the North East of England as it aims to double in size . The private-equity backed business acquired Advanced Group Services ( AGS ), a heat transfer company based in Tyne and Wear , for an undisclosed sum . It is the acquisitive Aberdeen firm ’ s second recent deal in the region after it bought out heat transfer specialist , Francis Brown in Teesside . The business has now counted 12 acquisitions since it was founded in 2011 with the acquisitions of Roberts Pipeline Machining and Wellclad from from MB Aerospace . At the start of the year , Saudi Arabian-backed investment group Averroes Capital bought a majority stake in Glacier alongside its chief executive Scott Martin .
Shortly thereafter the state-backed Business Growth Fund ( BGF ) also invested a multi-million-pound sum in the business . The business now counts 320 employees , and locations including Aberdeen , Blyth , Fife , Glasgow , Rotherham , and Stockton-on- Tees with an additional office in Kazakhstan . The company is looking to make announcements about further takeover deals in the coming weeks . The latest deal enables Glacier to establish a mechanical solutions hub offering a range of heat exchanger repair and refurbishment services in the North East to target its presence in renewable and industrial markets , including rail . The acquisition of the familyrun AGS brings a 26,000 sq ft manufacturing facility in Washington .
Conflux Technology raises USD 11M in Series B funding
Conflux Technology , the heat transfer and additive manufacturing ( AM ) company has announced its USD 11M Series B capital raise for further technology development and increased customer support across the globe . The round was led by Breakthrough Victoria , with participation from AM Ventures and Acorn Capital . Conflux Technology is solving the heat exchange limitations while helping its customers achieve net zero by manufacturing heat exchangers that are lighter , smaller , and can conform to unique geometries . With additive manufacturing , Conflux has the ability to print a high performance heat exchanger as a single part , saving on time , materials , and energy to produce the products more efficiently and reduce environmental footprint .
The funding will be used to speed up the development of Conflux Production Systems ( CPS ) - an advanced end-toend manufacturing solution for producing AM heat exchangers – as well as scale hiring and support customer demand across the US , Europe , and Asia . CPS is a comprehensive production system that replaces traditional heat exchanger manufacturing plants , automating the production of complex AM structures to ultimately address supply chain risk , increase efficiency , and streamline operations . With the combination of Odys ’ expertise in hybrid-electric propulsion and Conflux ’ s cutting-edge manufacturing solutions , the companies aim to create a heat recuperator turbogenerator solution that integrates seamlessly into an existing aerospace turbine and can reduce fuel consumption by over 40 %. The solution targets reduced weight and increased efficiency of the turbo generator system . The system is planned for integration in Odys Aviation ’ s 21 ft wingspan ‘ Laila ’ aircraft , a plane designed in multiple configurations for cargo , and once deployed , should enable the aircraft to achieve a range of 450 miles with payloads up to 130 pounds .
www . heat-exchanger-world . com Heat Exchanger World December 2024
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