World News: companies

Clean-up team-up

Two names in the field of pollution emission control are joining forces with the acquisition of Pittsburgh-based Beaumont Environmental Systems by RJM Corporation. Connecticut-based RJM Corporation has specialized in technologies for reducing NOx emissions from fossil fuel fired boilers and the deal represents a major expansion into multi-pollutant emission control technologies.

“With the multi-pollution legislation looking imminent, RJM is now uniquely poised as a one-stop destination for NOx, SO2, mercury and particulate removal solutions,” said John Halloran, vice president of RJM’s combustion and engineering for RJM. Beaumont has developed a semi-dry FGD control system known as Rapid Absorbtion Process, designed to achieve over 90 per cent reduction.

RJM has been appointed as prime contractor to engineer and supply NOx emission control systems at Exelon Corp.’s Eddystone generating station in Pennsylvania.

Black & Veatch adapts operations

Black & Veatch has responded to changing market conditions in power generation by carrying out a reorganization of its Energy Engineering and Construction division to move its focus more towards international markets. The division, which provides engineering, procurement and construction services for power generation facilities worldwide, is to be divided into three geographical regions ” Europe, Asia and Americas.

Another important component of the reorganization is the creation of a stand-alone nuclear group, which will be responsible for overseeing nuclear projects in all geographic regions.

The company sees Asia as having the largest need for new power generation facilities from 2003 through 2005.

Buyer is found for Babcock’s US unit

The US operations of bankrupt German engineering group Babcock Borsig Power GmbH have been acquired by HIG, a New York based private investment firm. No financial details were released for the transaction in which HIG acquired all shares of BBCC Holding Co. Inc., the parent of Babcock Borsig Capital Corporation, which has revenues in excess of $700m.

HIG and the senior management of the company said they saw the transaction as a long-term commitment and a strategic investment in an industry with future growth potential. It described the acquisition as marking a new beginning for one of the industry’s oldest equipment and service suppliers.

Babcock Power Inc., the owner of BBCC Holding Co. Inc. shares, has recently closed a revolving credit facility for working capital and a letter of credit which will enhance the company’s ability to renew its relationships with surety providers.

Alstom and ADA to offer mercury control

In anticipation of new US state and federal legislation for mercury emission control, Alstom and ADA Environmental Solutions have entered an exclusive relationship to market systems for mercury removal from power plants. The two companies will offer turnkey solutions for mercury control, including guaranteed performance of up to 90 per cent removal meeting all applicable standards.

ADA specializes in powdered activated carbon-based mercury removal with Alstom offfering technology in particulate collection (electrostatic precipitators and fabric filters) and experience of mercury removal in the waste-to-energy business. Solutions offered may include the provision of all equipment, including carbon storage and injection equipment.

HTS partnership announced

Two businesses specializing in the development and manufacturer of high-temperature superconducting (HTS) power cables, Southwire Company and NKT Cables, have agreed to establish a joint company to continue development and eventual commercialization of HTS cable systems.

Finance for the new company, to be called Ultera, will be shared between the two partners along with the US Department of Energy. The company will design and produce a 300 m cable that will be installed during late 2005 in an electricity distribution system operated by American Electric Power in Columbus, Ohio.

Ultera will have 25 experienced employees at facilities in Carrollton, Georgia and Copenhagen, Denmark working on a new design which uses half the superconducting materials required in earlier designs and which produces cable with negligible resistance.

Eutila adds new services to aid cost effective transactions

Eutila, the European e-marketplace for the utility sector, has broadened its sourcing optimization services by adding a Transaction service and a self-service portfolio.

Eutila’s Transaction services enable rapid and cost effective transactions using pre-negotiated prices and service levels and require each participant to have a single connection to the Eutila platform rather than multiple links to the full range of buyer and suppliers.

The self-service portfolio gives customers added choice in the way they identify suppliers.

News digest

ABB R & D commitment: Power and automation company ABB commits $1.6bn in research and development each year, according to its Group Technology Report. The report revealed that 75 per cent of its business is based on products developed within the past five years.

AECL co-operation: Atomic Energy of Canada and Bechtel are to co-operate in the deployment of the Advanced Candu Reactor, extending a relationship in which they have successfully worked together to construct two Candu 6 reactors in China.

Alstom and Waplans: Alstom and hydro-turbine manufacturer Waplans are to combine efforts in the Swedish hydro market. The companies are to offer complete mechanical and electrical solutions.

BP Solar quits thin film: BP Solar is to exit the thin film business and concentrate on its crystalline-based products as part of a reorganisation aimed at maintaining an annual sales growth rate of 30 per cent.

Eni gas move: Italy’s Eni SpA is paying $440m to acquire a 50 per cent share in Union Fenosa Gas, the gas unit of Spain’s power company Union Fenosa as part of its strategy to participate in the liberalizing Spanish energy market.

Genset sales stagnate: Research among US and Canadian generator set dealers conducted by Power Systems Research reveals virtually no increase in third quarter sales over the previous quarter due to weak economic conditions and lower activity in the construction sector.

National Grid Transco results: Newly merged National Grid Tranco posted interim profits of à‚£339m ($545m) with cost savings partially offset by increased pension fund deficits, following the à‚£13bn merger of England’s gas and electricity transmission networks.

Owel funding request: Offshore Wave Energy Limited (Owel) is seeking à‚£300 000 ($482 000) in funding for the next phase of its technology testing programme which it says will lead to a practical and commercially viable system for harnessing the power of the Sea.

Rolls K-Gas milestone: Recent sales of Rolls Royce K-Gas reciprocating engines exceeded à‚£10m with six new orders including three from Italy. The engines are now operational in nearly 300 installations worldwide since their introduction in the early 1990s.

S&P lowers El Paso: US pipeline operator El Paso Corporation has suffered a downgrade in its long term corporate credit rating to junk status at the hands of Standard & Poor’s due to its debt and liquidity position.

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