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News - Detailed News Story

Boustead unit wins S$100m energy contract in Europe

24 Aug 2019 09:00

By Lee Meixian

BOUSTEAD Singapore's subsidiary, Boustead International Heaters (BIH), has secured a contract worth about S$100 million from the oil & gas (O&G) industries. 

The contract involves the design, engineering and supply of waste heat recovery units for a major energy infrastructure development in Europe.

The latest contract has raised the engineering and technology group's order book backlog to about S$823 million. This includes the unrecognised project revenue remaining at the end of June 2019, plus the total value of new orders secured since then.

Boustead said BIH's process technologies are increasingly supporting the world's ongoing energy transition, with fired heater systems and waste heat recovery units used in gas processing and hydrogen production, as part of the world's multi-decade transition to relatively cleaner fuels and renewables.

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Source: Business Times

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