Ovivo wins major contract in energy segment

Ovivo has been awarded a major contract to supply a complete demineralization system for a petrochemical plant in Europe. The system is part of a combined cycle power plant that will have the flexibility to feed electricity into the national power grid, as well as to supply the facility with process steam and electricity. The contract is worth over EUR 8M, and the equipment is scheduled for delivery in 2016.

“This new contract demonstrates that our global energy platform allows us to support our clients wherever their projects are located across the globe”, said Marc Barbeau, president and CEO. “We currently experience an increased level of activities in the Energy market, while we are intensifying our business development efforts in the industries that are generally benefiting from the falling crude oil prices, such as petrochemical projects”, added Barbeau.

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