[ Industry Update ]
[ Industry Update ]
Odfjell orders 4 stainless vessels
Luda Technology Group Limited, a manufacturer and trader of stainless steel and carbon steel flanges and fittings products, has announced that its subsidiary, Luda( Taian) Industrial Co Ltd was awarded a significant tender by Shangdong Yulong Petrochemical Company, Limited for the Yulong Island Refining and Chemical Integration Project( Phase One) located in China. The award covers the medium and low pressure stainless steel flanges framework agreement, with a total contract value exceeding RMB 160M.
Technip Energies secures SOGARA contracts
Odfjell will purchase four 40,000 dwt fully stainless-steel vessels to be built at Kitanihon Shipbuilding in Japan. The vessels are scheduled for delivery from 1Q 2027 until 2Q 2029. They are secured at competitive prices with a total transaction value of approximately USD 290M. This investment is part of Odfjell’ s ongoing fleet renewal program and will be compliant with the future proposed EEDI( Energy Efficiency Design Index) Phase 5 for 2035 and onwards, with a 50 % reduction.
Luda secures Yulong Petrochemical order
Technip Energies has been awarded two Front-End Engineering Design( FEED) contracts by Société Gabonaise de Raffinage( SOGARA) for its refinery in Port-Gentil, Gabon. The FEED scope covers both the revamp and the expansion of the existing refinery. The first contract covers the FEED for debottlenecking SOGARA’ s existing refinery. It targets key process units and includes a new kerosene sweetening unit and four new storage facilities. Technip Energies will ensure full process integration across existing and new units. The second contract covers the FEED for a new, modularised Hydrocracker Complex designed to significantly expand SOGARA’ s refining capacity.
Product Range Expansion
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