Boustead division bags S$9mln contracts from South America

Company to design and construct waste heat recovery units for oil & gas installations.

Boustead Singapore Limited (“Boustead”) is pleased to announce that its Energy-Related Engineering Division has secured approximately S$9 million in contracts from the oil & gas industries in South America.

The contracts involve the design, process engineering and construction of waste heat recovery units (“WHRUs”) for onshore and offshore oil & gas installations in Brazil and Chile, according to a Boustead report.

WHRUs are systems installed to recover the waste heat from gas turbines used to power upstream and downstream oil & gas processes. The waste heat is then recycled to meet process heating requirements. In recent times, oil & gas corporations globally have increased investments in WHRUs in order to capture the dual benefits of significantly enhancing the energy efficiency of new and existing processes, and implementing green technology.

Mr Wong Fong Fui, Chairman and Group Chief Executive Officer of Boustead said, “These contracts have strengthened our presence in providing waste heat recovery units to the oil & gas industries. We are confident in the growth prospects of waste heat recovery units as our oil & gas clients trend towards making new and existing upstream and downstream processes more energy efficient and environmentally-friendly.”