industry uPdAte
TFC forms JV with ITT to manufacture valves in India
Fortescue secures USD 325M for green ammonia project
Tecnik Fluid Controls has announced the formation of a joint venture with ITT and initial investment to manufacture valves for the pharmaceutical industry in India . The purpose is to form a longterm cooperation agreement to manufacture industrial valves for the pharmaceutical industry in
The European Union ( EU ) has awarded Fortescue ’ s Holmaneset green ammonia project in Norway a EUR 203.77M ( USD 325.4M ) grant as part of its innovation fund . The proposed green ammonia plant aims to capitalise on surplus renewable energy from
Parlym Group acquires Colves China and Colves Italy
ACI-Somagep , part of Parlym Group and distributor of industrial
India , funded by an initial multimillion-dollar investment by USbased USD 3bn diversified firm , ITT . ITT will also transfer the required technology to enable the manufacture of the valves in India and over a period of time , will purchase valves from the joint venture to be distributed in the US market .
valves in Europe and Africa , has acquired Jiangsu Colves Fluid Control , a manufacturer of industrial valves based in Nantong ( China ), specializing in the oil & gas , petrochemical , power , infrastructure , and water treatment sectors . The takeover also included the acquisition of the Italian company Colves Fluid Control , the brand ’ s distributor in Europe and worldwide .
ACI-Somagep is a supplier of valves and pipes , specializing in the oil & gas , mining , petrochemical , and metallurgy sectors , with over 50 years of experience . As a manufacturer of industrial valves , Colves will enable ACI-Somagep to strengthen its supply chain management by ensuring control over the manufacturing quality of its valves .
the Norwegian transmission grid and ship the resulting green ammonia to domestic and European markets . Fortescue is hoping to commence constructing Holmaneset in 2025 , with operations to begin in 2027 , pending final approvals from the board .
Sanhua introduces thermostatic expansion valve series
Sanhua ’ s new RFGB06 range , the second generation of thermostatic expansion valves featuring stainless-steel bulbs and capillaries . RFGB series thermostatic expansion valves are used to adjust the mass flow of refrigerant into the evaporator while controlling the refrigerant ´ s superheat at the outlet of the evaporator . They can be used for various refrigerants under all working conditions . Typical applications are refrigeration systems like commercial refrigerators and freezers , icemakers , dehumidifiers as well as air conditioners at various evaporation temperatures .
58 Valve World February 2024 www . valve-world . net