The first order is for an ejector system to be installed in a South Korean oil refinery that is expanding its capacity to process more plentiful and lower-priced heavy crude oil. It is the second ejector system that Graham will supply to this end user.
The Korean user’s previous system was shipped by Graham in early 2007. A portion of the ejector system fabrication will be outsourced to a local manufacturer, with the balance produced in Graham’s Batavia, New York, facility. The ejector system is scheduled for shipment in the first quarter of fiscal 2010, which ends June 30, 2009.
The second order is for an ejector system to be installed in a Malaysian oil refinery that is revamping and upgrading its existing equipment in order to expand performance and increase capacity. The equipment will replace a Graham ejector system that was originally supplied in the late 1990s.
Graham’s ability to deliver the ejector system according to the customer’s timeline is crucial, as the refiner has a planned shut-down period to upgrade the facility. The system is scheduled for shipment in the fourth quarter of fiscal 2009, which ends March 31, 2009.
