SOURCE: Everest Sciences

Everest Sciences

June 08, 2015 08:00 ET

Everest Sciences® Awarded Contract by Petroleos Mexicanos (Pemex)

Order Calls for Three Hybrid Systems to Be Installed Along a Natural Gas Pipeline in Pemex's Southern Region

GUADALAJARA, MEXICO--(Marketwired - Jun 8, 2015) - Everest Sciences Corporation, a leading provider of air cooling and handling solutions for the Oil & Gas, Power Generation, Chemical Production and other industries, announced today it has been awarded a contract to supply its ECOChill™ hybrid turbine inlet cooling solutions to Petroleos Mexicanos (Pemex), Mexico's State-owned Oil and Gas company. Everest Sciences worked closely with its Mexican partner, Equipos Industriales del Golfo, S.A. (EIGSA), a leading supplier of equipment and services to Pemex and other Mexican companies, to secure the contract.

The multi-million dollar agreement calls for three hybrid systems to be installed at the Paredon natural gas compression station, part of the Bellota-Jujo Production Complex in Pemex's southern region, where hot and humid conditions typically reduce gas turbine effectiveness, making less compression horsepower available to move natural gas to market. The order is the first order in the Mexican market for Everest Sciences, and follows on key sales to major Oil and Gas companies in the United States, including Kinder-Morgan, Enterprise Products, Parallel Energy and Williams. It is also the first order from an Oil and Gas company outside of the United States.

"We are honored to be working with Pemex to increase the natural gas production in their Southern Region," said Gary Hilberg, President of Everest Sciences. "With our partner, EIGSA we have been cooperating to define this project, and are pleased that they have come to the same conclusion as other major players in the Oil and Gas industry; Everest Sciences' ECOChill inlet cooling solutions represent the best value proposition for improving the performance of gas turbines in hot, and/or humid conditions."

Pemex and Mexico are in the process of implementing landmark Energy Reform, which will allow Pemex to better utilize existing oil and gas assets in the country by encouraging more outside investment. "Pemex has a tradition of applying innovative processes and technology to gain the greatest yield from our energy resources, and this contract for inlet cooling is further evidence of this," said Ing. Williams Ruiz Montejo, regional maintenance coordinator of dynamic equipment and auxiliary systems for Pemex's Southern Region (Bellota-Jujo Production Complex). "After a thorough review of the available technology solutions, we chose Everest Sciences because they met the strict standards for technical excellence and project performance that Pemex has always maintained. We expect to see the operational financial benefits of the hybrid inlet cooling technology at the Paredon site later in 2015."

 Gas Turbines are used in pipeline compressor stations (such as those that Pemex has) to provide a reliable source of horsepower to drive the gas compressors on the operator's pipeline network. However, when ambient air temperature rises, gas turbine output decreases, reducing the horsepower available to push natural gas down the pipeline. Existing solutions for cooling turbine inlet air -- such as mechanical chilling or direct evaporative cooling -- have either a steep cost in terms of additional energy required to operate, or provide insufficient cooling. Everest Sciences has pioneered Indirect Evaporative Inlet Cooling which provides cooler, denser air at a lower parasitic power load, while not requiring highly treated water.

About Petroleos Mexicanos
Petroleos Mexicanos is the biggest enterprise in Mexico, the largest taxpayer in the country, and one of the largest companies in Latin America. It is of the few oil companies in the world that develops all the productive chain of the industry, from exploration to distribution and commercialization end products, including petrochemicals. During 2012, total revenues amounted to one trillion 647 billion pesos, earned operating performance of 905 billion pesos and investment reached 311 billion pesos.

About Everest Sciences
Everest Sciences provides a range of air handling solutions that help customers in the oil & gas, food processing, pulp and paper, co-gen, chemical processing, and gas transportation industries achieve greater manufacturing and production efficiencies, and profitability. Everest Sciences' solutions address not just an individual component of a customer's process -- such as a gas turbine -- but the entire system, and may include chilling, inlet cooling, filtration or some combination of these methods. With customer profitability fundamental to its success, Everest Sciences has developed and patented hybrid INDIRECT evaporative inlet cooling technology used in the company's ECOChill™, ECOCool™, and Hydro-Flexcool™ systems to create cooler, denser air more efficiently than the conventional cooling technologies. For more information please visit www.EverestSciences.com, email info@everestsciences.com, or call 1-800-913-6810. International customers may call +1-918-770-7190.

Company address:

Everest Sciences Corporation
7737 East 42nd Place
Tulsa, OK 74145

Everest Sciences is a registered trademark, and ECOChill is a trademark of Everest Sciences Corporation. All other names are trademarks of their respective holders.

Contact Information