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Rajasthan to Get its First Steel Tube...

by tubelinks on 02/13/2013 - 02:29 am
Tag: Press Release

Mahindra World City, Jaipur has signed up Prithvi Steels to set up a steel tube plant the first such plant in Rajasthan. To be set up at an investment of INR 20 crore the expected turnover of the new plant is estimated to be over INR 150 crore.

Mahindra World City Jaipur is an integrated business city while Prithvi Steels makes steel pipes. The latter will set up the manufacturing facility on 2 acres. The new facility aims to provide employment to over 150 people. The company will establish a steel tube plant by mid 2014 and also plans to set up a strip mill in the future.

Prithvi Group already has 6 re rolling plants in Rajasthan. They are 1 of the largest steel makers in the State.

As d ...

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ABB wins $40 Million Order to Upgrade...

by tubelinks on 02/06/2013 - 11:38 pm
Tag: Press Release

ABB, the leading power and automation technology group, has won a contract worth about $40 million to extend the export terminal of the eni refinery in Taranto, located in the “Mar Grande” bay on the Ionian Sea in southern Italy. The order was booked in the fourth quarter 2012.

 

The contract is part of eni’s plan to improve the refinery infrastructure and to ensure a reliable connection with the onshore Tempa Rossa oil plant. The refinery is located at the export terminal and is connected to the oil field through an underground pipeline. The plan includes the extension of an existing pier.

 

“This new project will help to improve the local oil transport ...

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Genesis Energy to Spend $125 Million ...

by tubelinks on 02/06/2013 - 11:34 pm
Tag: Press Release

Genesis Energy, of Houston, announced Monday the company plans to spend $125 million on a new 18-mile crude oil pipeline connecting its Port Hudson terminal to ExxonMobil Corp.’s Baton Rouge refinery.

The project will create 50 new direct jobs in the area, with an average salary of $80,000 a year, plus benefits, according to a Louisiana economic development department news release. The expansion also will result in an estimated 220 new indirect jobs, along with 45 construction jobs.

The new pipeline will be 20 inches in diameter and will be able to move 350,000 barrels of oil per day, according to Genesis.

In addition to the connection to ExxonMobil’s refinery, Genesis’ ...

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Kinder Morgan Buys Copano Pipeline fo...

by tubelinks on 02/02/2013 - 06:40 pm
Tag: Product Release



Kinder Morgan Energy Partners will buy natural gas pipeline operator Copano Energyfor $3.22 billion to tap into growing demand for infrastructure to transport vast supplies from the shale fields of Texas and Oklahoma.

 

 

Private equity firm TPG Capital, Copano's top shareholder with a stake of more than 14 percent, will get a 41 percent premium to its $300 million investment made in 2010, if the deal goes through.

 

 

The deal is the latest in a flurry of multi-billion-dollar takeovers in the U.S. pipeline industry over the past two years as companies rush to cash in on a shortage of pipelines to move gas and gas liquids such as ethane and propane.





 

& ...

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