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Metso Gets Follow-up Order for Valve Technology from Sino-Venezuela Guangdong Petrochemical Company in China

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Metso Automation
44 Bowditch Drive, P.O. Box 8044
Shrewsbury, MA, 01545-8044
USA



Press release date: April 10, 2014

New design extends valve's lifetime and lowers life-cycle costs in a delayed coking process

Metso has won a second major order for advanced valve technology from Sino-Venezuela Guangdong Petrochemical Company for its 20 million ton-per-year heavy crude oil processing project in China. The new delivery includes large Neles® valves for the delayed coking process, which is one of the demanding subprocesses in oil refining. This process sets especially high requirements for valve reliability and tightness.

Metso holds a strong position as a technology supplier for the delayed coking process especially in North America. China is the world's second largest valve market with significant growth potential. "Guangdong Petrochemical Refinery Project is the largest oil refinery project in China in terms of processing capability from. The follow-up order strengthens Metso's position as one of the leading suppliers for the oil and gas industry in the world," says Hangpheng Tan, Vice President, Flow Control Sales & Services, Automation, Metso, China.

The deliveries will take place during the second quarter of 2015. Last October, Metso announced an order for over 4,000 intelligent Neles valve controllers for the same refinery project.

Metso's valve technology decreases life-cycle costs

The delivery to the Guangdong Petrochemical Refinery includes four-way valves and tower bottom feeding valves. The largest of them are 400 mm in size and can work under Pressure Class 900. Metso's technology ensures long-lasting tightness in the highly challenging process. Significantly longer lifetime of valves lowers their life-cycle costs and extends overhaul intervals at large refineries.

Metso has a long track record of delivering engineered performance and reliability to the oil & gas industry through its leading product brands – Neles®, Jamesbury® and Mapag® – and has delivered millions of valves, control valves, and on-off valves globally more than 90 years, and has become one of the leading suppliers of intelligent valve controllers. Metso has valve technology centers and production facilities in Finland, the United States, Germany, China, South Korea, India and Brazil.

Metso supplies refineries around the world with high-performance valves applicable to the entire process, from steam cracking of crude oil to finished products. By adopting Metso's valve technology, refineries are able to ensure the lowest possible health, environmental and safety risks, meet the set quality targets, as well as reduce maintenance work and downtime costs.

The Sino-Venezuela Guangdong Petrochemical Company oil refinery project

The Sino-Venezuela Guangdong Petrochemical Company oil refinery project with a 5 km2 footprint is located in the Jieyang Nandahai Petrochemical Industrial Zone in Guangdong province. It is the largest oil refinery project in China in terms of processing capability. Once completed, the complex will process 20 million tons of heavy crude oil annually with 29 processing units, have a 300,000-ton crude oil terminal and a 30,000- to 50,000-ton product terminal. Total project investment amounts to 58.6 billion yuan (USD 9.54 billion) with PetroChina a 60% stakeholder and Petróleos de Venezuela S.A. of Venezuela holding a 40% stake.

Metso's automation solutions are designed to maximize the profitability of our customers' businesses by improving their production performance and their cost, material and energy efficiency. Our extensive range of flow control and process automation solutions and services is supported by a worldwide network of automation experts. The Automation business' biggest customer industries are oil & gas, and pulp and paper. We also have a strong growth focus in mining and construction and power generation.
www.metso.com, www.twitter.com/metsoautomation

Metso is a leading process performance provider, with customers in the mining, construction, and oil & gas industries. Our focus is on the continuous development of intelligent solutions that improve sustainability and profitability. Metso's shares are listed on the NASDAQ OMX Helsinki Ltd. Metso employs around 16,000 professionals in 50 countries. Expect results.

www.metso.com, www.twitter.com/metsogroup

For more information, please contact:
Li Zhaoyang, Marketing Manager, Automation, Metso
Leo.li@metso.com, Tel. +86 159 2177 2052


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