Pressure Technologies Plc : Chesterfield BioGas wins Upgrading Plant Contract
01/18/2012 | 03:01am
Chesterfield BioGas wins Upgrading Plant
Contract
Pressure Technologies plc ("PT or
"Group") is pleased to announce that its
subsidiary, Chesterfield BioGas Ltd ("CBG"), has
secured the contract to supply and install upgrading
equipment for the UK's latest project to use
gas from renewable waste resources and inject it directly
into the national gas grid.
Like the first successful UK venture of its kind in
Didcot, which opened in October 2010, this latest system in
Stockport will feature, at its heart, an upgrading unit
designed and manufactured by CBG's partner, Greenlane®
Biogas of New Zealand. The modular 'Kanuka' unit will
take the raw biogas produced by anaerobic digestion of food
waste from local hotels and restaurants and, using the proven
water-wash process, upgrade it to 98% pure biomethane. The
unit is capable of processing up to 300 cubic metres of gas
per hour and features a newly patented water-flooded screw
compressor.
The facility, which will open in Autumn 2012, will be
operated by Fairfield Bio Energy - a partnership between
green energy firm Bio Group Ltd and Centrica, the owners of
British Gas. It will generate enough renewable gas to supply
the natural gas requirements for 1,400 homes. CBG's
contract, including ancillaries and remote monitoring
services, is worth approximately £1 million.
CBG's Managing Director, Stephen McCulloch, said:
"This is a considerable vote of confidence in our
technology and performance. Our unit uses the proven
Greenlane® water-wash process which is successfully operating
at over 60 sites around the world.
"CBG established a firm working relationship with
Centrica in the course of our work at the first UK project,
which opened in Autumn 2010, and we are delighted to be their
preferred supplier once again.
"Our first project at the Thames Water site at
Didcot used raw biogas captured during the treatment of waste
water. The fact that the new Stockport site will use gas
derived from a completely different waste material is a
significant testament to our upgrading system and its
versatility in coping with variable inputs from the anaerobic
digestion process."
Group Chief Executive, John Hayward, said:
"Chesterfield BioGas is firmly established as the market
leader in upgrade technology in the UK. As the only UK based
supplier and installer of this type of technology, we have
the experience and expertise to manage projects to the
exacting engineering and health and safety standards demanded
by large utility companies and gas grid operators. We look
forward to further progress in this market over coming
months."
For further information, please contact:
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Pressure Technologies plc
John Hayward, Chief Executive
James Lister, Group Finance Director
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Tavistock Communications
Catriona Valentine
Keeley Clarke
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Tel: 020 7920 3150
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Fairfax IS PLC
Nominated Adviser and Broker
Simon Bennett
Ewan Leggat
Stuart Gledhill
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Tel: 0207 598 5368
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Company description:
Pressure Technologies is an AIM listed, leading
designer and manufacturer of speciality engineering solutions
for high pressure systems serving large global markets. The
Group is organised into three divisions: Cylinders,
Engineered Products and Alternative Energy.
Cylinders: Chesterfield Special Cylinders
Limited ("CSC") designs, manufactures and offers
retesting and refurbishment services for a range of
speciality high pressure, seamless steel gas cylinders for
global energy and defence markets. The business is conducted
under the "Chesterfield" brand which is a long
established name in the cylinders and specialised pressure
vessel market.
Alternative Energy: Chesterfield BioGas
Limited was formed in November 2008 following the signing of
a co-operation agreement with Greenlane® Biogas Limited, the
world leader in biogas upgrading. This gives Pressure
Technologies exclusive rights to market and manufacture
Greenlane® equipment in the UK and Eire. Chesterfield BioGas
provides turnkey solutions for the cleaning, storage and
dispensing of biomethane for injection into the
gas grid or use as a vehicle fuel.
Engineered Products: This division
comprises Al-Met Limited ("Al-Met") and the
Hydratron group of companies ("Hydratron").
Al-Met is a niche manufacturer of specialised,
precision engineered valve wear parts used in the oil and gas
industries, which was acquired by Pressure Technologies in
February 2010. Its products are used in high-pressure choke
and flow control valves, designed to regulate flow volumes in
extremely demanding applications in the subsea and surface
oil and gas industries. The business, which was established
in 1985, has developed a leading edge capability in precision
machining carbides, high grade stainless steels and super
alloys.
Hydratron, acquired on 15 October 2010, designs,
manufactures and sells a range of air operated high pressure
hydraulic pumps, gas boosters, power packs, hydraulic control
panels and test rigs. Hydratron has sales and manufacturing
companies in Altrincham, UK, and Houston, USA and a spread of
third party distributors in key locations around the world.
Formed in 1981, Hydratron has since established itself as a
leading supplier of quality high pressure equipment to the
oil and gas industries. The full range of Hydratron products
may be viewed at www.hydratron.co.uk.