Alfa Laval Wins SEK 85 Million Oil and Gas Order for Ground-Breaking New Technology

Regulatory News:

Alfa Laval (STO:ALFA) – a world leader in heat transfer, centrifugal separation and fluid handling – has won an order for completely new and innovative separation modules. The order, booked in the Energy & Process segment, has a value of approximately SEK 85 million and delivery is scheduled for this year.

The Alfa Laval separation modules will be installed onboard an FPSO (Floating Production, Storage and Offloading vessel) which once completed, will be moored outside the Brazilian coast. The modules will remove water and impurities from heavy crude oil. Due to their innovative design it will be possible to reduce the water content down to about one percent after separation, compared 10 to 20 percent using traditional methods – without excessive use of heat and chemicals.

"This is an exciting new offshore installation for these uniquely designed separation modules for heavy crude oil. The order confirms our position as a reliable supplier of innovative products to the oil and gas industry,” says Lars Renström, President and CEO of the Alfa Laval Group.

Did you know that… heavy crude oil has almost the same density as water which makes it really difficult to separate and purify?

About Alfa Laval Alfa Laval is a leading global provider of specialized products and engineering solutions based on its key technologies of heat transfer, separation and fluid handling.

The company’s equipment, systems and services are dedicated to assisting customers in optimizing the performance of their processes. The solutions help them to heat, cool, separate and transport products in industries that produce food and beverages, chemicals and petrochemicals, pharmaceuticals, starch, sugar and ethanol.

Alfa Laval’s products are also used in power plants, aboard ships, oil and gas exploration, in the mechanical engineering industry, in the mining industry and for wastewater treatment, as well as for comfort climate and refrigeration applications.

Alfa Laval’s worldwide organization works closely with customers in nearly 100 countries to help them stay ahead in the global arena.

Alfa Laval is listed on Nasdaq OMX, and, in 2014, posted annual sales of about SEK 35.1 billion (approx. 3.85 billion Euros). The company has about 18 000 employees.

www.alfalaval.com

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