StockMarketWire.com - Porvair has won a new contract expected to be worth more than $10m. Its Microfiltration division has signed an agreement with a Chinese state oil company to supply char filtration equipment to a coal-to-substitute natural gas (SNG) gasification project to be built at an oil refinery in Guangdong, China.

Deliveries are expected to commence in 2016 with commissioning during 2017 and 2018.

CEO Ben Stocks commented:

"Gasification filtration is an important market for Porvair and this is another significant contract win. The project uses similar technology to that supplied to POSCO, Reliance and SG Solutions and is similar in scale to the POSCO installation.

"After-market opportunities exist for all four projects, and a set of spares for POSCO will be shipped in 2015."






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