Industrial Tech Mag 3 - October 2018 by Industrial Technology

INDUSTRIAL TECHNOLOGY INDUSTRIAL TECHNOLOGY - International four-monthly magazine - Free copy in postal distribution - Via Porpora, 20131 150 Milano (MI) Italy - www.industrialtechmag.com - R.O.C. number 26303

Machines. Technology. Automation.

INDUSTRIAL T ECHNOLOGY

Number 3 - October 2018

CUNEO ITALY www.axiotek.eu

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www.paparelli.it

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www.northon-trasmissioni.it

www.damec.eu

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EXPLOSION PROOF

Index 90-117 Automation VDA GROUP DAMEC CSICO EFFEBI GIMAX 3D OP

10-83 News Tec.Al.Co. BER-PA DHL ORLANDO CEAR EURODRAW TURBODEN CAMEC SEBA PROTEZIONE PAPARELLI ALESSANDRO E FIGLIO BAGGI-LUX FMB FRIDLE GROUP TOSI F.LLI SCHULER PRESSEN GMBH IMT INTERMATO FEMM CONSORZIO INDUSTRIALE LUCANO ENI ADDITIVES SMART PROTECTIONS SEALCORE ISS INTERNATIONAL BONFANTI SIDERPIGHI HYTEK MEPOL TECO HEILA CRANES SPINA GROUP RODITOR & PHILADELPHIA NORTHON TRASMISSIONI ENI VERSALIS SPA CARRARA

84-89 Valves COGEIM EUROPE BFT BURZONI

118-127 Instrumentation AXIOTEK FILTEC

128-145 Process IDROCALOR PROXIMA BLUTEK ULTRA POMPE CST

146-149 Electrical RAMCRO

150-155 Energia ECOPROGETTI HITEMA

156-163 Fair And Exhibition ADIPEC ALC ARAB PLAST MEOS MCT OMC IVS

INDUSTRIAL TECHNOLOGY

ARTICLES 28-29 Indiaâ&#x20AC;&#x2122;s Market For Nitrogen

64-67 The future of hydrocarbons

100-113 Modbus and wiring systems

122-125 Preventing pipeline corrosionn through cathodic protection

136-139 The oil and gas market in Latin America

International four-monthly m magazine Editor in Chief Stefano Petrelli Executive Editor Golkoo Houshmand Scientific Supervisor Mor Nguirane Editorial Board Mor Nguirane g Benjamin Pollentes Luca Coppari Graphic p Design g Ashkan M.Kalantari Head Office Via Porpora, p 150 20131 Milano (MI) www.industrialtechmag.com Italian Printer LB Comunicazione di Luca Ballesi Iranian Printer Pishro Chap (+98 912 3190050)

B.go g Peranzoni, 141 62100 Macerata (MC) Tel. 340 4826072 Fax 0733 493070 info@l fo@lbcomunicazione.it Distribution tion Free copy in postal distribu tribution R.O.C. number 26303

NE WS NEWS

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dĞĐ͘ ů͘ Ž͘ ;d ĐŚŶŽůŽŐǇ ŽĨ >ƵŵŝŶƵŵ KŶĚƵĐƚŽƌƐͿ ŝƐ ŐůĂĚ ƚŽ ĂŶŶŽƵŶĐĞ ŝƚƐ ŝŶǀŽůǀĞŵĞŶƚ ŝŶ Ă ŶĞǁ ŝŵƉŽƌƚĂŶƚ R&D project ƚŽ ŝŵƉƌŽǀĞ ƚŚĞ ŇĞǆŝďŝůŝƚǇ ŽĨ ŝƚƐ ůƵŵŝŶƵŵ ĐŽŶĚƵĐƚŽƌƐ͘ dŚĞ ŽŵƉĂŶǇ͕ ůŽĐĂƚĞĚ ŶĞĂƌďǇ ƚŚĞ Gioia Tauro Port ŝŶ ƚŚĞ ŵŝĚĚůĞ ŽĨ ƚŚĞ DĞĚŝƚĞƌƌĂŶĞĂŶ ^ĞĂ͕ ŝƐ Ă ůĞĂĚĞƌ ŝŶ ƚŚĞ ĚĞƐŝŐŶ ĂŶĚ ƉƌŽĚƵĐƟŽŶ ŽĨ ůƵŵŝŶƵŵ ďĂƌĞ ĐŽŶĚƵĐƚŽƌƐ ;ǁŝƌĞ͕ ŵƵůƟǁŝƌĞ͕ ƌŝŐŝĚ ĂŶĚ ŇĞǆŝďůĞ ƌŽƉĞƐͿ ĨŽƌ ƵƚŽŵŽƟǀĞ͕ ŝƌĐƌĂŌ͕ EĂǀĂů ĂŶĚ ŶĞƌŐǇ ĂƉƉůŝĐĂƟŽŶƐ͘ /Ŷ ƉĂƌƟĐƵůĂƌ͕ ƚŚĞ ĐŽŵƉĂŶǇ͛Ɛ ĐŽƌĞ ďƵƐŝŶĞƐƐ ŝƐ ĐƵƌƌĞŶƚůǇ ƌĞƉƌĞƐĞŶƚĞĚ ďǇ ŇĞǆŝďůĞ ĐŽŶĚƵĐƚŽƌƐ ; ůĂƐƐ ϱͿ ǁŚŝĐŚ ĂƌĞ ƉƌŽĚƵĐĞĚ ŝŶ ĂĐĐŽƌĚĂŶĐĞ ǁŝƚŚ ƚŚĞ ŵĂŝŶ ƚĞĐŚŶŝĐĂů ŝŶƚĞƌŶĂƟŽŶĂů ƐƚĂŶĚĂƌĚƐ ĂŶĚ ĐƵƐƚŽŵŝǌĞĚ ŽŶ ƚŚĞ ďĂƐŝƐ ŽĨ ƐƉĞĐŝĮĐ ƵƐƚŽŵĞƌƐ͛ ŶĞĞĚƐ͘ dĞĐ͘ ů͘ Ž͕͘ ŝŶ ĂĐĐŽƌĚĂŶĐĞ ǁŝƚŚ ŝƚƐ ŽǁŶ DŝƐƐŝŽŶ͕

ĐŽŶƟŶƵŽƵƐůǇ ƉƌŽŵŽƚĞƐ ZΘ ĂĐƟǀŝƟĞƐ͘ dŚĂŶŬƐ ƚŽ ƚŚĞ ŶĞǁ WƌŽũĞĐƚ͕ ŝŶ ƉĂƌƚŶĞƌƐŚŝƉ ǁŝƚŚ ĂĐĐƌĞĚŝƚĞĚ ĞŶƚĞƌƐ ŽĨ ZĞƐĞĂƌĐŚ ĂŶĚ hŶŝǀĞƌƐŝƟĞƐ͕ ƚŚĞ ŽŵƉĂŶǇ ǁŝůů ďĞ ĂďůĞ ƚŽ ŐŝǀĞ Ă ƐŝŐŶŝĮĐĂŶƚ ĐŽŶƚƌŝďƵƟŽŶ ƚŽ ƚŚĞ performance improvement ŽĨ Class 5 Aluminium Conductors ŝŶ ƚĞƌŵƐ ŽĨ space saving, cleanness increase ĂŶĚ ƌĞĚƵĐƟŽŶ ŽĨ ƚŚĞ ĐŽŶƚĂĐƚ ƌĞƐŝƐƚĂŶĐĞ ŽŶ ƚŚĞ ĐŽŶĚƵĐƚŽƌͲĐŽŶŶĞĐƚŽƌ ƐƵƌĨĂĐĞ͘ /ŶĨŽ͗ ǁǁǁ͘ƚĞĐĂůĐŽ͘ĐŽŵ ͮ ŝŶĨŽΛƚĞĐĂůĐŽ͘ĐŽŵ

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>ĞĂĚĞƌ ŝŶ ƚŚĞ /ƚĂůŝĂŶ ŝŶĚƵƐƚƌǇ ĨŽƌ ƚŚĞ ƉƌŽĚƵĐƟŽŶ ŽĨ KͲƌŝŶŐƐ ĂŶĚ ŐĂƐŬĞƚƐ ŵĂĚĞ ŽĨ ŚŝŐŚ ƉĞƌĨŽƌŵĂŶĐĞ ĞůĂƐƚŽŵĞƌƐ͕ ZͲ W ǁĂƐ ďŽƌŶ ĨƌŽŵ ƚŚĞ ƉĂƐƐŝŽŶ ĂŶĚ ƉƌŽĨĞƐƐŝŽŶĂůŝƐŵ ŽĨ Dƌ͘ ƵŐĞŶŝŽ WĂƌǌĂŶŝ ŝŶ ϭϵϴϰ ŝŶ WĂƌĂƟĐŽ ; ^Ϳ ŝŶ ƚŚĞ ͞ZƵďďĞƌ sĂůůĞǇ͘͟ &ƌŽŵ ƚŚĞ ǀĞƌǇ ďĞŐŝŶŶŝŶŐ ƚŚĞ ĐŽŵƉĂŶǇ ƉƌŽǀĞĚ ŝƚƐĞůĨ ƚŽ ďĞ ďƌŝůůŝĂŶƚ ĂŶĚ ŝŶŶŽǀĂƟǀĞ͕ ƐƉĞĐŝĂůŝǌŝŶŐ ŝŶ ƚŚĞ ƉƌŽĚƵĐƟŽŶ ŽĨ KͲZŝŶŐƐ ŝŶ sŝƚŽŶΠ &<D͕ &WD͘ KǀĞƌ ƚŚĞ ǇĞĂƌƐ ƚŚĞ ĐŽŵƉĂŶǇ ŚĂƐ ƐƚĞĂĚŝůǇ ŐƌŽǁŶ ĂŶĚ ƐƉĞĐŝĂůŝǌĞƐ ŝŶ ƚŚĞ ƉƌŽĐĞƐƐŝŶŐ ŽĨ ŶŝĐŚĞ ĐŽŵƉŽƵŶĚƐ͕ ĨƌŽŵ ŇƵŽƌŽĞůĂƐƚŽŵĞƌƐ ;sŝƚŽŶΠ &<D͕ &WDͿ ƚŽ ƉĞƌŇƵŽƌŽĞůĂƐƚŽŵĞƌƐ ;,W^ĞĂůŝŶŐΠ͕ &&<D͕ &&WDͿ ĐĂƉĂďůĞ ŽĨ ŵĞĞƟŶŐ ƚŚĞ ŚŝŐŚĞƐƚ ƚŚĞƌŵĂů ƌĞƐŝƐƚĂŶĐĞ ĂŶĚ ĐŚĞŵŝĐĂů ƌĞƐŝƐƚĂŶĐĞ ƐƚĂŶĚĂƌĚƐ ĂĐĐŽƌĚŝŶŐ ƚŽ ƚŚĞ ƐƉĞĐŝĮĐĂƟŽŶƐ ƌĞƋƵĞƐƚĞĚ ďǇ ŽƵƌ ĐƵƐƚŽŵĞƌƐ͘ dŽĚĂǇ͕ ZͲW ŚĂƐ Ă ,ĞĂĚ KĸĐĞ ǁŝƚŚ ĂĚũĂĐĞŶƚ ƉƌŽĚƵĐƟŽŶ ĂƌĞĂ͕ Ă ƐĞĐŽŶĚ ǁĂƌĞŚŽƵƐĞ ƐƉĞĐŝĮĐĂůůǇ ĚĞĚŝĐĂƚĞĚ ƚŽ ,W^ĞĂůŝŶŐΠ ;&&<D͕ &&WDͿ͕ Ă ůŽŐŝƐƟĐƐ ǁĂƌĞŚŽƵƐĞ ĂŶĚ Ă ĨƵƌƚŚĞƌ ƚĞĐŚŶŽůŽŐǇ ǁĂƌĞŚŽƵƐĞ ĚĞĚŝĐĂƚĞĚ ƚŽ ĂƵƚŽŵĂƟĐ ƐŽƌƟŶŐ ĂŶĚ ƐƚŽƌĂŐĞ͘ ŽŶƟŶƵŽƵƐůǇ ƐƚƌŝǀŝŶŐ ƚŽ ŵĂŝŶƚĂŝŶ ƚŚĞ ŚŝŐŚĞƐƚ ƋƵĂůŝƚǇ ƐƚĂŶĚĂƌĚƐ ĨŽƌ ŽǀĞƌ ϯϬ ǇĞĂƌƐ͕ ZͲW ŝƐ Ă ĐŽŶƟŶƵŽƵƐ ƐƵƉƉůŝĞƌ ĂŶĚ ŚĂƐ ĞƐƚĂďůŝƐŚĞĚ ƐƚĂďůĞ ƌĞůĂƟŽŶƐŚŝƉƐ ǁŝƚŚ ůĞĂĚŝŶŐ ŝŶĚƵƐƚƌŝĂů ƌĞĂůŝƟĞƐ ŝŶ ƚŚĞ ĨŽůůŽǁŝŶŐ ƐĞĐƚŽƌƐ͗ EĂǀĂů͕ ƵƚŽŵŽƟǀĞ͕ /ŶĚƵƐƚƌŝĂů͕ Kŝů Θ 'ĂƐ͕ &ŽŽĚ Θ ĞǀĞƌĂŐĞ͕ Kŝů Θ 'ĂƐ͕ ,ǇĚƌĂƵůŝĐƐ ĂŶĚ ŚĞŵŝĐĂů͕ ŽīĞƌŝŶŐ ƚŚĞ ŵŽƐƚ

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

ĂĚǀĂŶĐĞĚ ƐĞĂůŝŶŐ ƐŽůƵƟŽŶƐ ƚĞĐŚŶŽůŽŐǇ͘ ,ŝŐŚ ƋƵĂůŝƚǇ ƉƌŽĚƵĐƚƐ ĚĞǀĞůŽƉĞĚ ǁŝƚŚ ƵŶŝƋƵĞ ĞǆƉĞƌƟƐĞ ŝŶ ƚŚĞ ŝŶĚƵƐƚƌǇ ĂŶĚ Ă ĐŽŶƐƚĂŶƚ Z Θ ĐĂƉĂďŝůŝƚǇ ƚŽ ĞŶƐƵƌĞ ƚŚĞ ďĞƐƚ ƉĞƌĨŽƌŵĂŶĐĞ͕ ŝŶĚĞĞĚ͕ ĨƌŽŵ ƚŚĞ ĐŽŶĐĞƉƚ ŽĨ ͞,ŝŐŚ WĞƌĨŽƌŵĂŶĐĞ ^ĞĂůŝŶŐ͟ ǁĞ ŚĂǀĞ ĚĞǀĞůŽƉĞĚ ŽƵƌ ŽǁŶ ͞,W^ĞĂůŝŶŐΠ͟ Ă ƉƌŽƉƌŝĞƚĂƌǇ ZͲW ƚƌĂĚĞŵĂƌŬ ƌĞŐŝƐƚĞƌĞĚ ĂŶĚ ĮůĞĚ ƐŝŶĐĞ ϮϬϬϳ͘ dŽƚĂů ƋƵĂůŝƚǇ ŝŶ ƚŚĞ ƉƌŽĚƵĐƟŽŶ ŽĨ KͲZŝŶŐƐ ŝŶ &WDͬ&<Dͬ Viton® ZĂǁ ŵĂƚĞƌŝĂůƐ ĂŶĚ ƋƵĂůŝƚǇ ĐŽŵƉŽŶĞŶƚƐ͘ WƌŽĚƵĐƟŽŶ ƉƌŽĐĞƐƐĞƐ ĂŶĚ ƋƵĂůŝƚǇ ĐŽŶƚƌŽůƐ͘ tŽƌŬƉůĂĐĞƐ ŽĨ ƋƵĂůŝƚǇ͘ Ŷ ĞŶǀŝƌŽŶŵĞŶƚĂů ƋƵĂůŝƚǇ ƉŽůŝĐǇ͘ ^ƚĂŶĚĂƌĚ /^K ϵϬϬϭ͕ / d& ϭϲϵϰϵ ĂŶĚ /^K ϭϰϬϬϭ ĐĞƌƟĮĐĂƟŽŶƐ͘

DHL industrial projects, specialized logistics safely and skillfully executed

,> /ŶĚƵƐƚƌŝĂů WƌŽũĞĐƚƐ ŝƐ ƉĂƌƚ ŽĨ ĞƵƚƐĐŚĞ WŽƐƚ ,> 'ƌŽƵƉ͕ ƚŚĞ ǁŽƌůĚ͚Ɛ ůĂƌŐĞƐƚ ƚƌĂŶƐƉŽƌƚĂƟŽŶ ĂŶĚ ůŽŐŝƐƟĐƐ ĐŽŵƉĂŶǇ͕ ǁŝƚŚ ŽƉĞƌĂƟŽŶƐ ŝŶ ŵŽƌĞ ƚŚĂŶ ϮϮϬ ĐŽƵŶƚƌŝĞƐ ĂŶĚ ƚĞƌƌŝƚŽƌŝĞƐ͘ dŚŝƐ ŵĞĂŶƐ ƚŚĂƚ ǁĞ ŚĂǀĞ Ă ŐůŽďĂů ƉƌĞƐĞŶĐĞ ƚŚĂƚ ĞŶƐƵƌĞƐ ƚŚĞ ƚƌĂŶƐƉŽƌƚ ŽĨ Ăůů ŬŝŶĚƐ ŽĨ ƐŚŝƉŵĞŶƚƐ Ăůů ŽǀĞƌ ƚŚĞ ǁŽƌůĚ͘ ,> /ŶĚƵƐƚƌŝĂů WƌŽũĞĐƚƐ ŚĂƐ ĚĞĐĂĚĞƐ ŽĨ WƌŽũĞĐƚ &ŽƌǁĂƌĚŝŶŐ ĞǆƉĞƌŝĞŶĐĞ͘ dŚĂŶŬƐ ƚŽ ŝƚƐ ĞǆƉĞƌƟƐĞ ŝŶ ŚĂŶĚůŝŶŐ Kŝů Θ 'ĂƐ ĂŶĚ ŶĞƌŐǇ ŽǀĞƌƐŝǌĞĚ ĐĂƌŐŽ ĂŶĚ ŚĞĂǀǇ ůŝŌ͕ /ŶĚƵƐƚƌŝĂů WƌŽũĞĐƚ ƉůĂǇƐ Ă ǀĞƌǇ ĐƌƵĐŝĂů ƌŽůĞ ŝŶ ƚŚĞ 'ƌŽƵƉ͘ tĞ ĐĂŶ ŚĂŶĚůĞ ĂŶǇ ƉƌŽũĞĐƚ͕ ŽĨ ĂŶǇ ƐŝǌĞ ĂŶĚ Ăƚ ĂŶǇ ƉůĂĐĞ͘ tŝƚŚ ŵŽƌĞ ƚŚĂŶ ϲϬϬ /ŶĚƵƐƚƌŝĂů WƌŽũĞĐƚ ĞǆƉĞƌƚƐ͕ ϲϬ /ŶĚƵƐƚƌŝĂů WƌŽũĞĐƚ ŽĸĐĞƐ ŝŶ ŽǀĞƌ ϰϱ ĐŽƵŶƚƌŝĞƐ ǁĞ ĂƌĞ ĂďůĞ ƚŽ ŽīĞƌ Ă ǁŝĚĞ ƌĂŶŐĞ ŽĨ WƌŽĚƵĐƚƐ Θ ^ŽůƵƟŽŶƐ͕ ƌĂŶŐŝŶŐ ĨƌŽŵ ƉŝĐŬƵƉ ƚŚƌŽƵŐŚ ĐŽŶƐŽůŝĚĂƟŽŶ ĂŶĚ ĚĞůŝǀĞƌǇ ƚŽ ĨĂďƌŝĐĂƟŽŶ ĨĂĐŝůŝƟĞƐ ĂŶĚ ĮŶĂů ƉƌŽũĞĐƚ ũŽďƐŝƚĞƐ͘ /ƚ ĂůƐŽ ŝŶĐůƵĚĞƐ ĐŽŶƐƵůƟŶŐ ĂĐƟǀŝƚǇ ĂďŽƵƚ ĨĞĂƐŝďŝůŝƚǇ ƐƚƵĚŝĞƐ͕ ƌŽƵƚĞ ƐƵƌǀĞǇƐ͕ ůŽĂĚ ƐƵƉĞƌǀŝƐŝŽŶ ĂŶĚ ĞŶĚͲƚŽͲĞŶĚ ůŽŐŝƐƟĐƐ ǀŝƐŝďŝůŝƚǇ͘ ǆĐĞůůĞŶĐĞ͘ ^ŝŵƉůǇ ĚĞůŝǀĞƌĞĚ͘ ŝƐ ŽƵƌ ĐƵƐƚŽŵĞƌ ƉƌŽŵŝƐĞ͘ &Žƌ ,> /ŶĚƵƐƚƌŝĂů WƌŽũĞĐƚƐ͕ ƚŚĂƚ ƉƌŽŵŝƐĞ ŝƐ ĂĐŚŝĞǀĞĚ ƚŚƌŽƵŐŚ ƚŚĞ ĞǆƚĞŶƐŝǀĞ ƐĞĐƚŽƌ ĂŶĚ ƉƌŽũĞĐƚ ĨŽƌǁĂƌĚŝŶŐ ĞǆƉĞƌƟƐĞ ŽĨ ŽƵƌ ƚĞĂŵ͕ ƚŚĞ ƐƚƌĞŶŐƚŚ ŽĨ ŽƵƌ ŐůŽďĂů ŶĞƚǁŽƌŬ͕ Ă ǌĞƌŽ ƚŽůĞƌĂŶĐĞ ĐŽŵƉůŝĂŶĐĞ ĞŶǀŝƌŽŶŵĞŶƚĂů͕ ĂŶĚ Ă ƐƚƌŽŶŐ ,ĞĂůƚŚ͕ ^ĂĨĞƚǇ ĂŶĚ ŶǀŝƌŽŶŵĞŶƚ ;,^ Ϳ ĐƵůƚƵƌĞ ƚŚĂƚ ƉĞƌŵĞĂƚĞƐ ƚŚƌŽƵŐŚ ĞǀĞƌǇƚŚŝŶŐ ǁĞ ĚŽ͘

NEWS

DHL

KƵƌ ŵĂŝŶ ĨŽĐƵƐ ŝƐ ŽŶ ƚŚĞ ĮǀĞ ĨŽůůŽǁŝŶŐ ƐĞĐƚŽƌƐ͗ DŝŶŝŶŐ͗ ͻ,ĞĂǀǇͲĞƋƵŝƉŵĞŶƚ ŚĂŶĚůŝŶŐ ͻDŝŶŝŶŐ ĚĞǀĞůŽƉŵĞŶƚƐ Ăƚ ƌĞŵŽƚĞ ůŽĐĂƟŽŶƐ Kŝů Θ 'ĂƐ͗ ͻKŶͲ ĂŶĚ ŽīͲƐŚŽƌĞ ůŽĐĂƟŽŶƐ͕ &W^K͛Ɛ ͻWůĂƞŽƌŵƐ͕ >E' ƉůĂŶƚƐ͕ WŝƉĞůŝŶĞƐ ͻ ƌŝůůŝŶŐ͘ ͻZĞĮŶĞƌŝĞƐ͕ hƉŐƌĂĚĞƐ Θ ǆƉĂŶƐŝŽŶƐ ͻDĂĐŚŝŶĞƌǇ ŝŵƉŽƌƚĂƟŽŶ ŝŶĐů͘ ǁŝĚĞ ĂŶĚ ŚĞĂǀǇ ůŽĂĚƐ WŽǁĞƌ Θ ZĞŶĞǁĂďůĞƐ͗ ͻ ŶŐŝŶĞƐ͕ ƚƵƌďŝŶĞƐ ĂŶĚ ƚƌĂŶƐĨŽƌŵĞƌƐ ͻWŽǁĞƌ ƐƚĂƟŽŶƐ ŶŐŝŶĞĞƌŝŶŐ͕ WƌŽĐƵƌĞŵĞŶƚ ĂŶĚ ŽŶƐƚƌƵĐƟŽŶ ; W Ϳ͗ ͻ&ĂĐƚŽƌǇ ZĞůŽĐĂƟŽŶƐ ͻWĂƉĞƌ͕ ^ƚĞĞů͕ ĞŵĞŶƚ ŵŝůůƐ ͻ/ŶĨƌĂƐƚƌƵĐƚƵƌĞ ƉƌŽũĞĐƚƐ ŶŐŝŶĞĞƌŝŶŐ ĂŶĚ DĂŶŝĨĂĐƚƵƌŝŶŐ͗ ͻWŽǁĞƌ WůĂŶƚƐ ŐĞŶĞƌĂƚŽƌƐ͕ ƚƵƌďŝŶĞƐ ͻ ŽŶƐƚƌƵĐƟŽŶ ĂŶĚ /ŶĚƵƐƚƌŝĂů ƋƵŝƉŵĞŶƚ dŽ ĮŶĚ ŽƵƚ ŚŽǁ ǁĞ ĐĂŶ ƐƵƉƉŽƌƚ ǇŽƵ͕ ƉůĞĂƐĞ ĐŽŶƚĂĐƚ ƵƐ Ăƚ ƉƌŽũĞĐƚƐΛĚŚů͘ĐŽŵ͘

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

NEWS

ORLANDO

Orlando srl, highly specialized in pumps and accessories KZ> E K Ɛƌů ĨŽƌŵĞĚ ŝŶ ϭϵϵϰ ĂŶĚ ĞǆƉŽƌƚ ƚŽ ϭϭϴ ĐŽƵŶƚƌŝĞƐ͘ dŚĞŝƌ ƉƌŽĚƵĐƚƐ ĂƌĞ ƵƐĞĚ ŝŶ ƚŚĞ ĨŽůůŽǁŝŶŐ ƐĞĐƚŽƌƐ͗ ,ǇĚƌĂƵůŝĐƐ͕ ŐƌŝĐƵůƚƵƌĞ͕ dŚĞƌŵŽͲ ƐĂŶŝƚĂƌǇ͕ ŝƌ͕ WƵƌŝĮĐĂƟŽŶ ƉůĂŶƚƐ͕ &ŽŽĚ /ŶĚƵƐƚƌǇ͘ /Ŷ ƉĂƌƟĐƵůĂƌ͕ ǁĞ ĂƌĞ ŚŝŐŚůǇ ƐƉĞĐŝĂůŝǌĞĚ ŝŶ͗ ƉƵŵƉƐ ;ƐƵƌĨĂĐĞ͕ ƐƵďŵĞƌƐĞĚ͕ ǀĂĐƵƵŵ ĂŶĚ ƐƉĞĐŝĂů /^/ ϯϬϰ ĂŶĚ /^/ ϯϭϲ ƉƵŵƉƐͿ &ƌĂŶŬůŝŶ ĂŶĚ KƌůĂŶĚŽ ĞůĞĐƚƌŝĐ ŵŽƚŽƌƐ͕ ĂĐĐĞƐƐŽƌŝĞƐ ĨŽƌ ƉƵŵƉƐ ;ƐƵĐŚ ĂƐ ŽƌŝŐŝŶĂů ^ƋƵĂƌĞ ĂŶĚ dĞůĞŵĞĐĂŶŝƋƵĞ WƌĞƐƐƵƌĞ ƐǁŝƚĐŚĞƐ͕ ƉƌĞƐƐƵƌĞ ŐĂƵŐĞƐ͕ ƚĂŶŬƐ͕ ĐŽŶƚƌŽů ďŽǆĞƐ͕ ŇŽĂƚ ƐǁŝƚĐŚĞƐ͕ ŇĞǆŝďůĞ ŚŽƐĞƐ ĂŶĚ ĐĂƉĂĐŝƚŽƌƐͿ ůŽǁĞƌƐ͕ WƵŵƉŝŶŐ ƵŶŝƚ͕ ǁĂƚĞƌ ĮůƚĞƌƐ͕ WƌĞƐƐƵƌĞ ƌĞŐƵůĂƚŽƌƐ ;WƌĞƐƐĐŽŶƚƌŽů͕ ŽŶƚƌŽůƉƵŵƉ͕ DĂƐĐŽŶƚƌŽů͕ ŽŶƚƌŽůƉƌĞƐͿ sĂůǀĞƐ͘ KƌůĂŶĚŽ ƉƌŽŵŽƚĞ ƚŚĞ ƐĂůĞƐ ŽĨ /ƚĂůŝĂŶ ƉƌŽĚƵĐƚƐ ŝŶ ƚŚĞ /ŶƚĞƌŶĂƟŽŶĂů ŵĂƌŬĞƚ͕ ƚŚĂŶŬƐ ƚŽ Ă ǀĞƌǇ ǁĞůůͲŽƌŐĂŶŝǌĞĚ ĐŽŵŵĞƌĐŝĂů ĚĞƉĂƌƚŵĞŶƚ͕ ŽīĞƌŝŶŐ ƚŽ ƚŚĞ ĐƵƐƚŽŵĞƌƐ Ă ŵƵůƟͲůĂŶŐƵĂŐĞ ĂƐƐŝƐƚĂŶĐĞ͘ KƌůĂŶĚŽ ŽƉĞƌĂƚĞƐ ǁŝƚŚ ƐŽŵĞ ŽĨ ƚŚĞ ŵŽƐƚ ŝŵƉŽƌƚĂŶƚ ĚŝƐƚƌŝďƵƚŽƌƐ͕ ĂďůĞ ƚŽ ĚĞǀĞůŽƉ͕ ƉƌŽĨĞƐƐŝŽŶĂůǇ͕ ƚŚĞ ƐĂůĞƐ ŽĨ ŝŶŶŽǀĂƟǀĞ ƉƌŽĚƵĐƚƐ ŝŶ ƚŚĞ ŵĂƌŬĞƚ͘ KƌůĂŶĚŽ ŝƐ ĐĞƌƟĮĞĚ /^K ϵϬϬϭ͗ϮϬϬϬ

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

ORLANDO srl

Highly specialized in pumps and accessories

4” and 6” SP S/ Steel Submersible pumps 4” ST S/Steel Submersible pumps noryl impeller 4” and 6” Submersible motors MADE IN ITALY (7x7) 3,4,5,6 and 8 mm AISI 316 S/Steel cable AISI 316 S/Steel wire rope clips 5” Submersible electric Pump Made in Italy

Square “D” - Telemecanique

Tanks

Pressure gauges Connections

Flow switches

Anti-vibration Flexible hoses Pressure regulators

Filters & Cartridges Float switches

ORLANDO srl Chiavari (Ge) - Italy Tel.: (ITALY) + 0185 + 38.50.10 Fax: ( ITALY) + 0185 + 38.50.11

e-mail: orlando@orlando.it http://www.orlando.it

NEWS

CEAR SRL

From an international vocation in electrical and automation system towards Middle East market

ŽƐƚƌƵǌŝŽŶŝ ůĞƩƌŽƚĞĐŶŝĐŚĞ ĞĂƌ ^ƌů ŚĂƐ ďĞĞŶ ŽƉĞƌĂƟŶŐ ŝŶ ƚŚĞ ĞůĞĐƚƌŽͲƚĞĐŚŶŝĐĂů ĂŶĚ ĞůĞĐƚƌŽͲŝŶƐƚƌƵŵĞŶƚĂů ƐĞĐƚŽƌ ĨŽƌ ŽǀĞƌ ƚŚŝƌƚǇ ǇĞĂƌƐ͕ ŽīĞƌŝŶŐ “Integrated systems from bit to kiloVolt”. Ŷ ŝŶƚĞƌŶĂƟŽŶĂů ǀŽĐĂƟŽŶ͕ ǁŚŝůĞ ŵĂŝŶƚĂŝŶŝŶŐ ŚŝŐŚ ƋƵĂůŝƚǇ ƐƚĂŶĚĂƌĚƐ ĂŶĚ ƐĂĨĞƚǇ͕ ǁŝƚŚ ƚŚĞ ŝŶƚĞƌŶĂƟŽŶĂů /^K ϵϬϬϭ ƐƚĂŶĚĂƌĚ͕ ĞŶƐƵƌŝŶŐ ƚŽƉ ƋƵĂůŝƚǇ ƉƌŽĚƵĐƟŽŶ ƉƌŽĐĞƐƐĞƐ ĂŶĚ ĂŶ ĞǆƚĞŶƐŝǀĞ ĞǆƉĞƌŝĞŶĐĞ ŽĨ ĞĂƌ͛Ɛ ƚĞĂŵ ƚŚƌŽƵŐŚ ƚŚĞ partnerships ĂŶĚ ĐŽůůĂďŽƌĂƟŽŶ ǁŝƚŚ ŶĂƟŽŶĂů ĂŶĚ ŝŶƚĞƌŶĂƟŽŶĂů ĞŶŐŝŶĞĞƌŝŶŐ ĐŽŵƉĂŶŝĞƐ ĂŶĚ W ĐŽŶƚƌĂĐƚŽƌƐ͘ dŚĞ ĐŽŵƉĂŶǇ͛Ɛ ƚĞĐŚŶŝĐĂů ƐŽůƵƟŽŶƐ ŚĂǀĞ ĞǀŽůǀĞĚ ŝŶ ƐƚĞƉ ǁŝƚŚ ƚŚĞ ŶĞĞĚƐ ŽĨ ŝƚƐ ĐƵƐƚŽŵĞƌƐ͕ ƚŽ ŽīĞƌ Ă ĐŽŵƉůĞƚĞ ƌĂŶŐĞ ŽĨ ƉƌŽĚƵĐƚƐ ĂŶĚ ƐĞƌǀŝĐĞƐ͗ ĨƌŽŵ ĨĞĂƐŝďŝůŝƚǇ ƐƚƵĚŝĞƐ ƚŽ ƚŚĞ ĚĞƐŝŐŶ ĂŶĚ ĐŽŶƐƚƌƵĐƟŽŶ ŽĨ ƚƌĂŶƐĨŽƌŵĞƌ ĂŶĚ ĞůĞĐƚƌŝĐĂů ĚŝƐƚƌŝďƵƟŽŶ ƐƵďƐƚĂƟŽŶƐ͕ >ŽĐĂů ƋƵŝƉŵĞŶƚ ZŽŽŵ͕ ĐŽŵƉůĞƚĞ ŝŶĚƵƐƚƌŝĂů ĂƵƚŽŵĂƟŽŶ ƐǇƐƚĞŵƐ͕ >Žǁ ĂŶĚ DĞĚŝƵŵ sŽůƚĂŐĞ ƐǁŝƚĐŚŐĞĂƌƐ͕ ĂŶĚ ƌĞĐĞŶƚůǇ Hazardous ƌĞĂ ůĞĐƚƌŝĐĂů ƋƵŝƉŵĞŶƚƐ ĂƐ Ă ƌĞƐƵůƚ ŽĨ ZΘ ŝŶ ƚĞǆ ĂƉƉůŝĐĂƟŽŶ ǁŝƚŚ ƌĞŵĂƌŬĂďůĞ ĐƵƐƚŽŵŝǌĂďůĞ ĞƋƵŝƉŵĞŶƚƐ ĨŽƌ ǌŽŶĞ ϭ ĂŶĚ ǌŽŶĞ Ϯ͘

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

dŽĚĂǇ͕ ĞĂƌ ƐƚĂŶĚƐ ŽƵƚ ŽŶ ƚŚĞ ŵĂƌŬĞƚ ĨŽƌ ŝƚƐ ĂďŝůŝƚǇ ƚŽ ĚĞǀĞůŽƉ ŝŶƚĞŐƌĂƚĞĚ ĞůĞĐƚƌŝĐĂů ĚŝƐƚƌŝďƵƟŽŶ ĂŶĚ ŝŶĚƵƐƚƌŝĂů ĂƵƚŽŵĂƟŽŶ ƐǇƐƚĞŵƐ ĨŽƌ ďƌĂŶĚ ŶĞǁ ĂŶĚ ĚĞĚŝĐĂƚĞĚ ƌĞǀĂŵƉŝŶŐ ƐŽůƵƟŽŶ͗ tailor-made complete electrical and electro-instrumental “turnkey” supplies ĨƌŽŵ ƉƌŽĚƵĐƚ ĚĞƐŝŐŶĞĚ͕ ŝŶƐƚĂůůĂƟŽŶ ĂŶĚ ƚĞƐƟŶŐ ĂƐ Ă ƌĞƐƵůƚ ŽĨ Ă ŽŶĞͲƐƚŽƉ ƉĂƌƚŶĞƌ ƚŚĂƚ ĚĞůŝǀĞƌƐ ͞ŽŶ ĮĞůĚ͟ ǇŽƵƌ ƉƌŽũĞĐƚ͘ ĞĂƌ ŚĂƐ ŵĂĚĞ ŽƵƚ ŝƚƐ ĚĞďƵƚ ŝŶ ƚŚĞ ŵĂƌŬĞƚ ĚŽŝŶŐ ŝƚƐ ĮƌƐƚ ũŽď ĨŽƌ Ă hƌĞĂ ƉůĂŶƚ ŝŶ ^ĂƵĚŝ ƌĂďŝĂ ĂŶĚ ĚƵƌŝŶŐ ƚŚĞ ǇĞĂƌƐ ŝƚ ŚĂƐ ĂůǁĂǇƐ ďĞĞŶ ƉƌĞƐĞŶƚ ŝŶ ƚŚĞ DŝĚĚůĞ ĂƐƚ ŵĂƌŬĞƚ ǁŝƚŚ ƉƌŽũĞĐƚ ƌĞĨĞƌĞŶĐĞƐ ĐŽůůĞĐƚĞĚ ŝŶ /ŶĚƵƐƚƌŝĂů ĂŶĚ KŝůΘ'ĂƐ ƐĞĐƚŽƌ ǁŽƌŬŝŶŐ ĨŽƌ ƐĞǀĞƌĂů ƉƌŽũĞĐƚƐ ĨŽƌ ŝƚƐ ŝŶƚĞƌŶĂƟŽŶĂů ĐƵƐƚŽŵĞƌƐ͘ /Ŷ ƚŚĞ ƉĂƐƚ ĨĞǁ ǇĞĂƌƐ ĞĂƌ͛Ɛ ŚĂƐ ƐƚĂƌƚĞĚ Ă ĐŽŵŵĞƌĐŝĂů ĐĂŵƉĂŝŐŶ ǁŝƚŚ ƚŚĞ Ăŝŵ ŽĨ ŝŶĐƌĞĂƐŝŶŐ ŝƚƐ ƉƌĞƐĞŶĐĞ ŝŶ ƚŚĞ ŵĂƌŬĞƚ ǁŝƚŚ ƚŚĞ ĂĐĐƌĞĚŝƚĂƟŽŶ ĂƐ ƋƵĂůŝĮĞĚ ǀĞŶĚŽƌ ǁŝƚŚ ůŽĐĂů ŶĚ hƐĞƌ͕ ĐƌĞĂƟŶŐ ƉĂƌƚŶĞƌƐŚŝƉ ǁŝƚŚ ůŽĐĂů ƐŬŝůůĞĚ ^ĂůĞƐ ƌĞƉƌĞƐĞŶƚĂƟǀĞ ĂďůĞ ƐƵƉƉŽƌƚ ĂŶĚ ĚĞǀĞůŽƉ ŽŶ ĞĂƌ͛Ɛ ďĞŚĂůĨ Ă ƉŽƐƚ ƐĂůĞƐ ƐĞƌǀŝĐĞ͘ dŚĞ ĐŽŵƉĂŶǇ ŝƐ ůŽŽŬŝŶŐ ĨŽƌ ĐŽŶƐŽůŝĚĂƟŶŐ ƚŚŝƐ ƉƌĞƐĞŶĐĞ ĂŶĚ ŝŶ ƚŚĞ ǀĞƌǇ ŶĞǆƚ ĨƵƚƵƌĞ͕ ƚŚĞ ƉůĂŶŶŝŶŐ ŝƐ ƚŽ ŽƉĞŶ ůŽĐĂů ŽĸĐĞƐ ƚŽ ďĞ ŵŽƌĞ ŝŶ ƚŽƵĐŚ ǁŝƚŚ ĐƵƐƚŽŵĞƌ͛Ɛ ŶĞĞĚƐ͘

EMPOWERING YOUR OIL & GAS PROJECT Complete Electrical and Instrumental Turnkey projects as per custumer requirements Design and costruction of MV/LV substations MV/LV switchgears Complete industrial Automations Systems PLC,SCADA,HMI software development Hazardous Area Electrical Equipments

Complete Electrical and Instrumental Turnkey projects as per customer requirements COSTRUZIONI ELETTROTECNICHE CEAR s.r.l. Via Monza 102 20060 Gessate - Mi - Italy Ph. +39 02 929290.1 Fax. + 39 02 92151670 www.cearsistemi.it --- info@cearsistemi.it

NEWS

EURODRAW

Eurodraw, wire drawing taken to the next level

ƵƌŽĚƌĂǁ tŝƌĞ ĞƋƵŝƉŵĞŶƚ ŚĂƐ ũƵƐƚ ĐŽŵƉůĞƚĞĚ ƚŚĞ ƐƵƉƉůǇ ŽĨ Ă ŶĞǁůǇ ĚĞƐŝŐŶĞĚ ŽĨ ǁŝƌĞ ĚƌĂǁŝŶŐ ŵĂĐŚŝŶĞ ƚŚĂƚ ƚĂŬĞƐ ǁŝƌĞ ĚƌĂǁŝŶŐ ƚŽ ƚŚĞ ŶĞǆƚ ůĞǀĞů͘ hŶƉƌĞĐĞĚĞŶƚĞĚ ĐŽŽůŝŶŐ ĐĂƉĂďŝůŝƟĞƐ ĂůůŽǁ ƌĞĂĐŚŝŶŐ ƉƌŽĚƵĐƟŽŶ ƐƉĞĞĚƐ ƚŚĂƚ ĂƌĞ ŝŶ ĞǆĐĞƐƐ ŽĨ ϱϬ ŵͬƐĞĐ ŽŶ ĮŶĂů ǁŝƌĞ ƐŝǌĞƐ ŽĨ ϭ͕ϯ ŵŵ͕ ƐƚĂƌƟŶŐ ĨƌŽŵ ǁŝƌĞ ƌŽĚ͘

ĐŽŽůŝŶŐ ǁĂƚĞƌ ƚĞŵƉĞƌĂƚƵƌĞ ŐƌĂĚŝĞŶƚ ŝƐ ŶŽǁ ƵƉ ŽǀĞƌ ϯΣ ĨƌŽŵ ƚŚĞ ϱΣ ŽĨ ƚŚĞ ŽƌŝŐŝŶĂů ĐŽŽůŝŶŐ ƐǇƐƚĞŵ͘ Ŷ ĂĚĚŝƟŽŶĂů ŚŝŐŚ ǀŽůƵŵĞ ĐŽŶǀĞĐƟǀĞ Ăŝƌ ĐŽŽůŝŶŐ ƐǇƐƚĞŵ ǁĂƐ ĂĚĚĞĚ ƚŽ ƚŚĞ ďůŽĐŬƐ ƚŽ ƌĞŵŽǀĞ ƚŚĞ ŚĞĂƚ ƚŚĂƚ ǁĂƐ ŶŽƚ ƉŽƐƐŝďůĞ ƚŽ ďĞ ƌĞŵŽǀĞĚ ďǇ ĐŽŶĚƵĐƟǀŝƚǇ͘

WƌŽŐƌĂŵŵĂďůĞ ůƵďƌŝĐĂŶƚ ƐƟƌƌĞƌƐ ǁĞƌĞ ŝŶƐƚĂůůĞĚ ŽŶ ĞĂĐŚ dŚĞ ŵĂĐŚŝŶĞ ŚĂƐ ϭϮ ďůŽĐŬƐ ĂŶĚ ŝƐ ĚĞƐŝŐŶĞĚ ƚŽ ĚƌĂǁ ůŽǁ ĚŝĞďŽǆ ƚŽ ĂůůŽǁ ƉƌŽƉĞƌ ǁŝƌĞ ůƵďƌŝĐĂƟŽŶ Ăƚ Ăůů ƟŵĞƐ ĂŶĚ ĂŶĚ ŵĞĚŝƵŵ ĐĂƌďŽŶ ƐƚĞĞů ǁŝƌĞ ĨƌŽŵ ϱ͕ϱϬ ŵŵ ĚŽǁŶ ĂǀŽŝĚ ƚŚĞ ĨŽƌŵĂƟŽŶ ŽĨ Ă ƚƵŶŶĞů ǁŝƚŚŝŶ ƚŚĞ ůƵďƌŝĐĂŶƚ ďŽǆ͘ ƚŽ ϭ͕ϯϬ ŵŵ͘ dŚĞ ǁŝƌĞ ŝƐ ƚŚĞŶ ǁŽƵŶĚ ŽŶ ĂŶ ŚĞĂǀǇ ĚƵƚǇ ƐƉŽŽůĞƌ ǁŝƚŚ Ϯ ƚŽŶƐ ĐĂƉĂĐŝƚǇ͘ &ŝŶĂůůǇ ƚŚĞ ĐŽŶƚƌŽůƐ ŽĨ ƚŚĞ ŵĂĐŚŝŶĞ ǁŚĞƌĞ ƌĞĚĞƐŝŐŶĞĚ ƚĂŬŝŶŐ ĂĚǀĂŶƚĂŐĞ ŽĨ ƚŚĞ ůĂƚĞƐƚ ĚŝŐŝƚĂů ĐŽŵŵƵŶŝĐĂƟŽŶ KƵƌ ZΘ ĚĞƉĂƌƚŵĞŶƚ ǁĂƐ ĂƐŬĞĚ ƚŽ ĚĞǀĞůŽƉ ƚŚĞ ĨĂƐƚĞƐƚ ƉƌŽƚŽĐŽůƐ ƚŚĂƚ ĂůůŽǁ ƚŚĞ ĞǆĐŚĂŶŐĞ ŽĨ ƚŚĞ ŝŶĨŽƌŵĂƟŽŶ ƉŽƐƐŝďůĞ ŵĂĐŚŝŶĞ ĂŶĚ ƚŽ ƌĞĂĐŚ ƚŚĞ ƚĂƌŐĞƚ ƉƌĞĨŽŵĂŶĐĞƐ͕ ďĞƚǁĞĞŶ ƚŚĞ ĚƌŝǀĞƐ ŝŶ ƚŚĞ ĨĂƐƚĞƐƚ ƉŽƐƐŝďůĞ ǁĂǇ͘ dŚĞ ƚŚĞ ĨŽĐƵƐ ǁĂƐ ŵĂŝŶůǇ ŽŶ ƚŚĞ ĐŽŽůŝŶŐ ƐǇƐƚĞŵ͕ ƚŚĞ ĚŝĞ ŵĂĐŚŝŶĞ ǁĂƐ ĨƵůůǇ ǁŝƌĞĚ ŝŶ ĚŝŐŝƚĂů ŵŽĚĞ ƌĞĚƵĐŝŶŐ ƚŚĞ ĐŽŽůŝŶŐ͕ ƚŚĞ ƐƉŽŽůĞƌ ĂŶĚ ƚŚĞ ĞůĞĐƚƌŽŶŝĐ ĐŽŶƚƌŽůƐ͘ ŶƵŵďĞƌ ŽĨ ĐĂďůĞƐ ƌĞƋƵŝƌĞĚ ďĞƚǁĞĞŶ ƚŚĞ ŵĂĐŚŝŶĞ ĂŶĚ ƚŚĞ ĐĂďŝŶĞƚ͘ dŚĞ ŽƌŝŐŝŶĂů ƵƌŽĚƌĂǁ ĐŽŽůŝŶŐ ƐǇƐƚĞŵ ǁĂƐ ĂůƌĞĂĚǇ ĂŶ ĞǆĐĞůůĞŶƚ ďĂƐĞ ƚŽ ƐƚĂƌƚ ďƵƚ ŝŶ ŽƌĚĞƌ ƚŽ ƌĞĂĐŚ ƐƉĞĞĚƐ ŽĨ ϱϬ dŚĞ ĚĞƐŝŐŶƐ ĚĞǀĞůŽƉƉĞĚ ǁŝƚŚ ƚŚŝƐ ůĂƚĞƐƚ ŵĂĐŚŝŶĞ ĂƌĞ ŶŽǁ ŵͬƐĞĐ ŝƚ ǁĂƐ ŶĞĐĞƐƐĞƌǇ ƚŽ ŝŵƉƌŽǀĞ ŝƚ͘ dŚĞ ĐŽŽůŝŶŐ ƐǇƐƚĞŵ ƐƚĂŶĚĂƌĚ ĨĞĂƚƵƌĞƐ ŽŶ Ăůů ƚŚĞ ǁŝƌĞ ĚƌĂǁŝŶŐ ŵĂĐŚŝŶĞƐ ƌĂŶŐĞ ĚĞǀĞůŽƉĞĚ ďǇ ƵƌŽĚƌĂǁ ZΘ ĚĞƉĂƌƚŵĞŶƚ ŝƐ ŶŽǁ ϳϯй ŽĨ ƵƌŽĚƌĂǁ͘ ŵŽƌĞ ĞĸĐŝĞŶƚ ƚŚĂŶ ƚŚĞ ƐƚĂŶĚĂƌĚ ƐǇƐƚĞŵ ĂŶĚ ƚŚĞ ŚĞĂƚ ƌĞŵŽǀĂů ŝƐ ŶŽǁ ƐƵĸĐŝĞŶƚ ƚŽ ĞŶƐƵƌĞ ƚŚĂƚ ƚŚĞ ƚĞŵƉĞƌĂƚƵƌĞ &Žƌ ŵŽƌĞ ŝŶĨŽƌŵĂƟŽŶ͗ ŽĨ ƚŚĞ ǁŝƌĞ ĞŶƚĞƌŝŶŐ ƚŚĞ ĚŝĞƐ ǁĂƐ ĂůǁĂǇƐ ďĞůŽǁ ϱϱ Σ ͘ dŚĞ ŝŶĨŽΛĞƵƌŽĚƌĂǁ͘ĐŽŵ ͮ ǁǁǁ͘ĞƵƌŽĚƌĂǁ͘ĐŽŵ

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

Organic Rankine Cycle technology IRU ƮH[LEOH FRPELQHG F\FOH SRZHU plants in the MENA regions /Ŷ ƚŽĚĂǇ͛Ɛ D E ƌĞŐŝŽŶƐ ĞůĞĐƚƌŝĐŝƚǇ ŵĂƌŬĞƚ͕ ĐŚĂƌĂĐƚĞƌŝǌĞĚ ďǇ Ă ŐƌŽǁŝŶŐ ĞŵƉŚĂƐŝƐ ŽŶ ĚĞĐĞŶƚƌĂůŝǌĞĚ ƉŽǁĞƌ ŐĞŶĞƌĂƟŽŶ ĂŶĚ ĨĂĐŝŶŐ ĂŶ ŝŶĐƌĞĂƐŝŶŐ ƉĞŶĞƚƌĂƟŽŶ ŽĨ ŝŶƚĞƌŵŝƩĞŶƚ ƌĞŶĞǁĂďůĞ ƉŽǁĞƌ ŐĞŶĞƌĂƟŽŶ͕ ƚŚĞ ŶĞĞĚƐ ŽĨ ŇĞǆŝďůĞ͕ ƌĞůŝĂďůĞ ĂŶĚ ƐŝŵƉůĞ ƉŽǁĞƌ ŐĞŶĞƌĂƟŽŶ ƚĞĐŚŶŽůŽŐǇ ŝƐ ŵŽƌĞ ĂŶĚ ŵŽƌĞ ƌĞůĞǀĂŶƚ ĨŽƌ ƵƟůŝƟĞƐ ĂƐ ǁĞůů ĂƐ ŝŶĚƵƐƚƌŝĂů ƉůĂǇĞƌƐ ĂŶĚ ĞŶĞƌŐǇ ĐŽŵƉĂŶŝĞƐ͘ dŚĞƐĞ ƉŽǁĞƌ ƉůĂŶƚƐ ĂƌĞ ƚǇƉŝĐĂůůǇ ĚĞǀĞůŽƉĞĚ ǁŝƚŚ ŽƉĞŶͲ ĐǇĐůĞ ƐŵĂůůͬŵĞĚŝƵŵ ƌĞĐŝƉƌŽĐĂƟŶŐ ĞŶŐŝŶĞƐ ;/ ƐͿ Žƌ ŐĂƐ ƚƵƌďŝŶĞƐ ;'dƐͿ͕ ĚĞƉĞŶĚŝŶŐ ŽŶ ĨƵĞů ĂǀĂŝůĂďŝůŝƚǇ͕ ŽƉĞƌĂƚŽƌ ƐŬŝůůƐ͕ ƉůĂŶƚƐ ůŽĐĂƟŽŶ͘

NEWS

TURBODEN

ĂƚŵŽƐƉŚĞƌĞ ĂƐ ĞǆŚĂƵƐƚ ŐĂƐĞƐ Ăƚ ŵĞĚŝƵŵ ƚĞŵƉĞƌĂƚƵƌĞ ;ΕϰϬϬΣ Ϳ͘ dŚĞƐĞ / Ɛ ĂŶĚ 'dƐ ƚŚŽƵŐŚ ƚĞŶĚ ŶŽƚ ƚŽ ďĞ ŽƉƟŵŝƐĞĚ ĨŽƌ ĐŽŵďŝŶĞĚͲĐǇĐůĞ ŽƉĞƌĂƟŽŶ͕ ĂŶĚ ƚŚĞŝƌ ĞǆŚĂƵƐƚ ŐĂƐ ƚĞŵƉĞƌĂƚƵƌĞƐ ĂƌĞ ŶŽƚ ƐƵĸĐŝĞŶƚůǇ ŚŝŐŚ͕ ĞƐƉĞĐŝĂůůǇ ƵŶĚĞƌ ƉĂƌƚͲůŽĂĚ ĐŽŶĚŝƟŽŶƐ͕ ƚŽ ŐĞŶĞƌĂƚĞ ƐƚĞĂŵ Ăƚ ƚŚĞ ĐŽŶĚŝƟŽŶƐ ŶĞĞĚĞĚ ƚŽ ĂĐŚŝĞǀĞ Ă ŚŝŐŚ ŽǀĞƌĂůů ĞůĞĐƚƌŝĐĂů ĞĸĐŝĞŶĐǇ͘ EŽŶĞƚŚĞůĞƐƐ͕ ŽƚŚĞƌ ĐŽŵƉĞůůŝŶŐ ƚĞĐŚŶŽůŽŐŝĞƐ ĂƌĞ ĂǀĂŝůĂďůĞ͘ dŚĂŶŬƐ ƚŽ ŝƚƐ ŝŵƉƌĞƐƐŝǀĞ ĚĞǀĞůŽƉŵĞŶƚ ŝŶ ŚŝŐŚͲĞŶƚŚĂůƉǇ ĂƉƉůŝĐĂƟŽŶƐ͕ ƐƵĐŚ ĂƐ ďŝŽŵĂƐƐ ĞŶĞƌŐǇ ĂŶĚ ǁĂƐƚĞ ŚĞĂƚ ƌĞĐŽǀĞƌǇ ŝŶ ŝŶĚƵƐƚƌŝĞƐ͕ KƌŐĂŶŝĐ ZĂŶŬŝŶĞ ǇĐůĞ ;KZ Ϳ ƚĞĐŚŶŽůŽŐǇ͕ ƵƐŝŶŐ ƐƉĞĐŝĮĐ ŽƌŐĂŶŝĐ ǁŽƌŬŝŶŐ ŇƵŝĚƐ͕ ƉĞƌŵŝƚƐ ƚŚĞ ĞĸĐŝĞŶƚ ĞǆƉůŽŝƚĂƟŽŶ ŽĨ ůŽǁͲ ƚĞŵƉĞƌĂƚƵƌĞ ĞǆŚĂƵƐƚ ŐĂƐ ƐƚƌĞĂŵƐ͕ ĂůƐŽ Ăƚ ǀĂƌŝĂďůĞ ůŽĂĚ ĂŶĚͬŽƌ ŽŶ ƉŽŽƌ ƋƵĂůŝƚǇ ĨƵĞůƐ͘

dŚƵƐ͕ KZ ĞŶŚĂŶĐĞƐ ƚŚĞ ĞĸĐŝĞŶĐǇ ŽĨ ƚŚĞƐĞ ĚĞĐĞŶƚƌĂůŝǌĞĚ ƉŽǁĞƌ ƉůĂŶƚƐ ƉĞƌŵŝƫŶŐ ƚŚĞ ƌĞĂůŝǌĂƟŽŶ ŽĨ ĞĸĐŝĞŶƚ ŵĞĚŝƵŵͬƐŵĂůů ĐŽŵďŝŶĞĚͲĐǇĐůĞƐ ƉŽǁĞƌ ƉůĂŶƚƐ͘ /Ŷ ĂĚĚŝƟŽŶ͕ KZ ŵĞĞƚƐ ƚŚĞ ŶĞĞĚ ŽĨ ƌĞĂůŝǌŝŶŐ ƌĞůŝĂďůĞ ĂŶĚ ŇĞǆŝďůĞ ƉůĂŶƚƐ ǀĞƌǇ ,ŽǁĞǀĞƌ͕ ƚŚŝƐ ƉůĂŶƚ ĐŽŶĮŐƵƌĂƟŽŶ ĂĐŚŝĞǀĞƐ Ă ůŽǁ ĞĸĐŝĞŶĐǇ ǁĞůů͕ ƚŚĂŶŬƐ ƚŽ ƚŚĞ ĨĂĐƚ ƚŚĂƚ ƚŚĞ ŽǀĞƌĂůů KZ ƐǇƐƚĞŵƐ ďĞĐĂƵƐĞ Ă ƌĞůĞǀĂŶƚ ĂŵŽƵŶƚ ŽĨ ƉŽǁĞƌ ŝƐ ƚŚƌŽǁ ŝŶƚŽ ƚŚĞ ĂƌĞ ǁĂƚĞƌͲĨƌĞĞ͕ ĐŽŵƉůĞƚĞůǇ ĂƵƚŽŵĂƟĐ͕ ǁŝƚŚ ƐŝŵƉůĞ ƐƚĂƌƚͲƐƚŽƉ ƉƌŽĐĞĚƵƌĞƐ ĂŶĚ ƉƌĞƐĞŶƚ ŚŝŐŚ ĂǀĂŝůĂďŝůŝƚǇ ĂŶĚ ŇĞǆŝďŝůŝƚǇ ǁŚŝůĞ ŵĂŝŶƚĂŝŶŝŶŐ ůŽŶŐ ůŝĨĞƟŵĞ ;хϮϬ ǇĞĂƌƐͿ ŝŶ ĂĚĚŝƟŽŶ ƚŽ ŵŝŶŝŵƵŵ KΘD ƌĞƋƵŝƌĞŵĞŶƚƐ ĂŶĚ ĐŽƐƚƐ͘ ŵŽŶŐ ŝƚƐ ϯϭϬ KZ ƉůĂŶƚƐ ŽƉĞƌĂƟŶŐ ǁŽƌůĚǁŝĚĞ ĂŶĚ ŽƚŚĞƌ ϲϬ ƵŶĚĞƌ ĐŽŶƐƚƌƵĐƟŽŶ͕ dƵƌďŽĚĞŶ ŚĂƐ ĮĞůĚͲƉƌŽǀĞŶ ĞǆƉĞƌŝĞŶĐĞ ŝŶ ŵŽƌĞ ƚŚĂŶ ϯϬ ĐŽŵďŝŶĞĚͲĐǇĐůĞƐ͘ dŚĞ ŇĞĞƚ ƌĞƐƵůƚƐ ĐŽŶĮƌŵ ƚŚĞ ĞǆƚƌĂŽƌĚŝŶĂƌǇ ƐƵŝƚĂďŝůŝƚǇ ŽĨ KZ ƚĞĐŚŶŽůŽŐǇ ĨŽƌ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚ ŽĨ ŇĞǆŝďůĞ͕ ƌĞůŝĂďůĞ ĂŶĚ ƐŝŵƉůĞ ƉŽǁĞƌ ŐĞŶĞƌĂƟŽŶ ƉůĂŶƚƐ͕ ĂƐ ƚŚŽƐĞ ŶĞĞĚĞĚ ŝŶ ƚŚĞ D E ƌĞŐŝŽŶƐ͘

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

NEWS

CAMEC SRL

Camec: A new concept of innovation ^ŝƚƵĂƚĞĚ ŝŶ ŝƩĂĚĞůůĂ͕ Ă ŶŽƌƚŚĞƌŶ /ƚĂůŝĂŶ ĐŝƚǇ ũƵƐƚ Ă ƐŚŽƌƚ ĚŝƐƚĂŶĐĞ ĨƌŽŵ sĞŶŝĐĞ͕ ĂŵĞĐ ĞŶƚĞƌĞĚ ƚŚĞ ŵĂƌŬĞƚ ŝŶ ϭϵϵϯ ĂƐ Ă ƐƵƉƉůŝĞƌ ĨŽƌ ŽƚŚĞƌ ĞƋƵŝƉŵĞŶƚ ƉƌŽĚƵĐĞƌƐ͘ ŌĞƌ ƚŚŝƐ͕ ĂŵĞĐ ďĞŐĂŶ ĚĞǀĞůŽƉŝŶŐ ƐƉĞĐŝĮĐ ƐŽůƵƟŽŶƐ ĨŽƌ ƌĞĐǇĐůŝŶŐ ŝŶĚƵƐƚƌŝĂů ĂŶĚ ŵƵŶŝĐŝƉĂů ǁĂƐƚĞ ĮƌƐƚ ĂŶĚ ƚŚĞŶ ĂůŽŶŐ ƚŚĞ ǇĞĂƌƐ ĞǆƉĂŶĚĞĚ ǁŝƚŚ ƚŚƌĞĞ ŽƚŚĞƌ ŵĂĐŚŝŶĞƌǇ ĚŝǀŝƐŝŽŶƐ ʹ ŚĂŶĚůŝŶŐ͕ ďĂŬĞƌǇ ĂŶĚ ŝŶĚƵƐƚƌŝĂů͘ ĂŵĞĐ ĐŽŶƚƌŽůƐ ĚŝƌĞĐƚůǇ ƚŚĞ ǁŚŽůĞ ƉƌŽĚƵĐƟŽŶ ĐǇĐůĞ ĂŶĚ ŝƐ ŚŝŐŚůǇ ŽƌŝĞŶƚĞĚ ƚŽ ƚŚĞ ƉƌŽĚƵĐƚ ĚĞǀĞůŽƉŵĞŶƚ͕ ďǇ ŐƵĂƌĂŶƚĞĞŝŶŐ Ă ĐŽŶƟŶƵŽƵƐ ƚĞĐŚŶŝĐĂů ŝŶŶŽǀĂƟŽŶ͕ ƚŚĂƚ ƐŝŶĐĞ ĞǀĞƌ ƌĞƉƌĞƐĞŶƚƐ ŽŶĞ ŽĨ ƚŚĞ ŵĂŝŶ ƐƚƌŽŶŐ ƉŽŝŶƚƐ ŽĨ ƚŚĞ ĐŽŵƉĂŶǇ͘ ĞƐŝĚĞƐ ƚŚĞ ĚĞƐŝŐŶ ĂŶĚ ƚŚĞ ĐŽŶƐƚƌƵĐƟŽŶ ƵƉ ƚŽ ƚŚĞ ͞ƚƵƌŶͲŬĞǇ͟ ƐƵƉƉůǇ ŽĨ ŝƚƐ ƐǇƐƚĞŵƐ͕ ĂŵĞĐ ŽīĞƌƐ Ă ϯϲϬΣ ƉĞƌƐŽŶĂůŝǌĞĚ ƐĞƌǀŝĐĞ ƐƵĐŚ ĂƐ ĨĞĂƐŝďŝůŝƚǇ ƐƚƵĚŝĞƐ͕ ϯ

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

ƐŝŵƵůĂƟŽŶ͕ ƌĞƐŝĚƵĂů ůŝĨĞ ĂŶĂůǇƐŝƐ ĂŶĚ ƌĞǀĂŵƉŝŶŐ͕ ĂŌĞƌ ƐĂůĞ ƐĞƌǀŝĐĞ͕ ĂůƐŽ ĨƌŽŵ ƌĞŵŽƚĞ͕ ĂƐ ǁĞůů ĂƐ ŽƌĚŝŶĂƌǇ ĂŶĚ ĞǆƚƌĂŽƌĚŝŶĂƌǇ ŵĂŝŶƚĞŶĂŶĐĞ͘ dŽ ƐƚĂǇ ĂŚĞĂĚ ŽĨ ƚŚĞ ĚĞǀĞůŽƉŝŶŐ ŵĂƌŬĞƚ ŽĨ /ƚĂůǇ͕ ďƵƚ ŵĂŝŶůǇ ŽĨ ƵƌŽƉĞ ĂŶĚ ďĞǇŽŶĚ͕ ĂŵĞĐ ŝƐ ĐŽŶƐƚĂŶƚůǇ ŝŶ ƐĞĂƌĐŚ ŽĨ ƚĞĐŚŶŽůŽŐŝĐĂů ĂůƚĞƌŶĂƟǀĞƐ ƚŚĂƚ ĐĂŶ ůĞĂĚ ƚŽ ŵŽƌĞ ĂŶĚ ŵŽƌĞ ĐŽŵƉĞƟƟǀĞ ƐŽůƵƟŽŶƐ͘ dŚĞ ĨĞĂƚŚĞƌ ŝŶ ƚŚĞ ĐĂƉ ŽĨ ƚŚĞ ĐŽŵƉĂŶǇ͕ ŝŶĚĞĞĚ͕ ŝƐ ŝƚƐ ĂƉƉƌŽĂĐŚ͗ ĂŵĞĐ ĚĞĂůƐ ǁŝƚŚ ͞ƚĂŝůŽƌͲŵĂĚĞ͟ ĞƋƵŝƉŵĞŶƚ͕ ƚŚƵƐ ĨĂĐŝŶŐ Ăůů ƚŚĞ ĐƵƐƚŽŵĞƌ͛Ɛ ŶĞĞĚƐ͘ dŚĂŶŬƐ ƚŽ Ăůů ƚŚĞƐĞ ƌĞĂƐŽŶƐ͕ ĨŽƌ Ϯϱ ǇĞĂƌƐ ĂŵĞĐ ŝƐ Ă ƐƚƌĂƚĞŐŝĐ ƉĂƌƚŶĞƌ Ăůů ŽǀĞƌ ƚŚĞ ǁŽƌůĚ͕ ŵĂŬŝŶŐ ĨƵůů ƵƐĞ ŽĨ ƉĂƐƐŝŽŶ ĂŶĚ ĐƌĞĂƟǀŝƚǇ ƚŽ ƉƌŽĚƵĐĞ ƚĞĐŚŶŝĐĂů ŝŶŶŽǀĂƟŽŶ͕ ďĞĐĂƵƐĞ ǁŚĞŶ ǇŽƵ ǁŽƌŬ ǁŝƚŚ ƉĂƐƐŝŽŶ͕ ƚŚĞ ĐƌĞĂƟǀŝƚǇ ďĞĐŽŵĞƐ ŝŶŶŽǀĂƟŽŶ ͙ďĞĐŽŵĞƐ ĂŵĞĐ͘

CAMEC SRL

NEWS

INDUSTRIAL TECHNOLOGY

OIL AND GAS, PETROCHEMICAL, AUTOMATION

NEWS

SEBA PROTEZIONE SRL

6HED 3URWH]LRQH VUO SURGXFHV DQG H[SRUWV JOREDO SHUVRQDO protection devices ŽĨ ŐůŽďĂů ƉĞƌƐŽŶĂů ƉƌŽƚĞĐƟŽŶ ĚĞǀŝĐĞƐ͘ tĞ ƉƌŽĚƵĐĞ ĂŶĚ ĞǆƉŽƌƚ ŐůŽďĂů ƉĞƌƐŽŶĂů ƉƌŽƚĞĐƟŽŶ ĚĞǀŝĐĞƐ͕ ƐƵĐŚ ĂƐ͗ ƐĂĨĞƚǇ ŐůŽǀĞƐ͕ ƐŚŽĞƐ͕ ĐůŽƚŚŝŶŐ͕ ƌĞƐƉŝƌĂƚŽƌǇ ƚƌĂĐƚ͕ ƉƌŽƚĞĐƟǀĞƐ ŐůĂƐƐĞƐ͕ ĨĂůů ƉƌŽƚĞĐƟŽŶ͕ ŚĞĂƌŝŶŐ ƉƌŽƚĞĐƟŽŶ͕ ĂƌƟĐůĞƐ ĨŽƌ ĐŽŶƐƚƌƵĐƟŽŶ ĂŶĚ ƉƌŽĚƵĐƚƐ ĨŽƌ ŵĂŝŶƚĞŶĂŶĐĞ͘ tĞ ĂƌĞ ůŽĐĂƚĞĚ ŝŶ ĞŶƚŽ ;&ĞƌƌĂƌĂͿ͕ ŝŶ ƚŚĞ EŽƌƚŚͲ ĂƐƚ /ƚĂůǇ ; ŵŝůŝĂ ZŽŵĂŐŶĂ͕ ǁĞůůͲ ŬŶŽǁŶ ĂƐ DŽƚŽƌ sĂůůĞǇͿ͘ dŚĞ ŽŵƉĂŶǇ͛Ɛ ĂĐƟǀŝƚǇ ŝƐ ďĂƐĞĚ ŽŶ ƚŚĞƐĞ ĨƵŶĚĂŵĞŶƚĂů ďƵƐŝŶĞƐƐ ƌƵůĞƐ͗ ƌĞůŝĂďŝůŝƚǇ͕ ƐĞƌǀŝĐĞ ĞĸĐŝĞŶĐǇ ĂŶĚ ^ WZKd d/KE ǁĂƐ ĨŽƵŶĚĞĚ ŝŶ ϭϵϲϴ ďǇ 'ŝĂŶĐĂƌůŽ ƵƉĚĂƚĞĚ ƚĞĐŚŶŽůŽŐŝĐĂů ƉƌŽĚƵĐƚ ĚĞǀĞůŽƉŵĞŶƚ ĂĐĐŽƌĚŝŶŐ DŝŶĂƌĞůůŝ͕ ǁŚŽ ďƌŽƵŐŚƚ ŝŶ ĨĂŵŝůǇ ĐŽŵƉŽŶĞŶƚƐ ;ŚŝƐ ƚŽ ƵƌŽƉĞĂŶ /ŶƚĞƌŶĂƟŽŶĂů ƐƚĂŶĚĂƌĚƐ͘ ǁŝĨĞ ĂŶĚ ŚŝƐ ƐŽŶƐͿ ĂůŽŶŐ ǁŝƚŚ ƐŽŵĞ ŝŵƉŽƌƚĂŶƚ͕ ƚƌƵƐƚĞĚ ĐŽůůĂďŽƌĂƚŽƌƐ͘ /Ŷ ŽƌĚĞƌ ƚŽ ŐƵĂƌĂŶƚĞĞ ŝƚƐ ĐůŝĞŶƚƐ ŐůŽďĂů ƐĞƌǀŝĐĞ ŵŝƌƌŽƌŝŶŐ ƚŚĞ ƋƵĂůŝƚǇ ŽĨ ƚŚĞ ƐĂĨĞƚǇ ĚĞǀŝĐĞƐ ƚŚĞŵƐĞůǀĞƐ͕ ^ ŚĂƐ dŚĞ ŽŵƉĂŶǇ ǁĂƐ ŽƌŝŐŝŶĂůůǇ ĐƌĞĂƚĞĚ ĂƐ Ă ǁŽƌŬ ƉƌŽƚĞĐƟǀĞ ŝŶƐƟƚƵƚĞĚ Ă ƐǇƐƚĞŵ ŽĨ YƵĂůŝƚǇ /ŶƐƵƌĂŶĐĞ ǁŚŽƐĞ ƌŽůĞ ŝƐ ƚŽ ŐůŽǀĞƐ ŵĂŶƵĨĂĐƚƵƌĞƌ ĂŶĚ ŽǀĞƌ ƚŚĞ ǇĞĂƌƐ ŚĂƐ ĞǆƉĂŶĚĞĚ ĐŽŶƚƌŽů ƚĞĐŚŶŝĐĂů͕ ŽƌŐĂŶŝƐĂƟŽŶĂů ĂŶĚ ŚƵŵĂŶ ĞůĞŵĞŶƚƐ ŝƚƐ ƉƌŽĚƵĐƚ ƌĂŶŐĞ ĂŶĚ ŝƚƐ ŵŝƐƐŝŽŶ͕ ďĞĐŽŵŝŶŐ Ă ƐƵƉƉůŝĞƌ ǁŚŝĐŚ ĐŚĂƌĂĐƚĞƌŝƐĞ ƌĞůĂƟŽŶƐŚŝƉƐ ǁŝƚŚ ŽƵƌ ĐůŝĞŶƚƐ͘

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

^ ĐŽŵƉĂŶǇ ƉŽůŝĐǇ ŝƐ ďĂƐĞĚ ŽŶ ĞĸĐŝĞŶƚ ŽƌĚĞƌ ĚŝƐƉĂƚĐŚ ĂŶĚ ĚĞůŝǀĞƌǇ ƟŵĞƐ͕ ŽŶ ŚŽŶĞƐƚǇ ǁŝƚŚ ŽƵƌ ŽǁŶ ĚŝƐƚƌŝďƵƚŽƌƐ ĂŶĚ ƐĂůĞ ĂŐĞŶƚƐ ŶĞƚǁŽƌŬ ĂŶĚ ŽŶ ŵĂǆŝŵƵŵ ƉŽƐƚͲƐĂůĞƐ ƐƵƉƉŽƌƚ ƚŽ ƐĂƟƐĨǇ Ăůů ƚĞĐŚŶŝĐĂů ƌĞƋƵŝƌĞŵĞŶƚƐ ĂƐƐŽĐŝĂƚĞĚ ǁŝƚŚ ^ ƉƌŽĚƵĐƚ ƵƐĞ͘ ^ ƐŚĂƌĞƐ ŝƚƐ ŝŶĐůŝŶĂƟŽŶ ĨŽƌ ĐŽŶƐƚĂŶƚ ƌĞƐĞĂƌĐŚ ŝŶ ĞƌŐŽŶŽŵŝĐƐ͕ ĐŽŵĨŽƌƚ ĂŶĚ ƐĂĨĞƚǇ ǁŝƚŚ ŝƚƐ ƐƵƉƉůŝĞƌ ŶĞƚǁŽƌŬ͘ ZĞƐĞĂƌĐŚ ŝŶǀĞƐƚŵĞŶƚƐ ŝŶǀŽůǀĞ ĂƉƉĂƌĂƚƵƐ ĂŶĚ ŝŶƚĞƌŶĂů ƚĞĐŚŶŽůŽŐŝĞƐ ĂŶĚ͕ ĂďŽǀĞ Ăůů͕ ƚŚĞ ĞĚƵĐĂƟŽŶ ĂŶĚ ďĞŶĞĮƚƐ ŽĨ ŚƵŵĂŶ ƌĞƐŽƵƌĐĞƐ͘ dŚĞƐĞ ĂůůŽǁ ^ ƚŽ ĐŽŶƟŶƵĞ ƚŽ ŽīĞƌ ŝŶŶŽǀĂƟǀĞ ƐŽůƵƟŽŶƐ ĨŽƌ ƐĂĨĞƚǇ ĚĞǀŝĐĞƐ ĂŶĚ ĨŽƌ ĂƌƟĐůĞƐ ĚĞƐŝŐŶĞĚ ĨŽƌ ǁŽƌŬĞƌ ƵƐĞ͘

NEWS

SEBA PROTEZIONE SRL

^ ĐƵƌƌĞŶƚůǇ ǁŽƌŬƐ ŽŶ ƚŚĞ ŶĂƟŽŶĂů ĂŶĚ ŝŶƚĞƌŶĂƟŽŶĂů ŵĂƌŬĞƚƐ ǁŝƚŚ Ă ƐƚƌƵĐƚƵƌĞ ŽĨ ĂƉƉƌŽǆŝŵĂƚĞůǇ Ϯϱ ĞŵƉůŽǇĞĞƐ ŝŶ ƚŚĞ /ƚĂůŝĂŶ ,ĞĂĚƋƵĂƌƚĞƌ͕ ϴϬ ƐĂůƐĞƐ ĂŐĞŶƚƐ ŝŶ ƵƌŽƉĞ ĂŶ ŽǀĞƌ ϰϬϬ ĞŵƉůŽǇĞĞƐ ŝŶ ƉƌŽĚƵĐƟŽŶ ĨĂĐƚŽƌŝĞƐ ĂďƌŽĂĚ͘ KƵƌ ĞǆƉŽƌƚ ŵĂƌŬĞƚƐ ĂƌĞ ƵƐƚƌŝĂ͕ ^ƉĂŝŶ͕ &ƌĂŶĐĞ͕ ĂůĐĂŶ WĞŶŝŶƐƵůĂ͕ 'ƌĞĞĐĞ͕ ǇƉƌƵƐ͕ ƐƚƌŝǀŝŶŐ ƚŽ ĞǆƚĞŶĚ ^ ƉƌĞƐĞŶĐĞ ŝŶ ŽƚŚĞƌ /ŶƚĞƌŶĂƟŽŶĂů DĂƌŬĞƚƐ͘ /Ŷ ŽƌĚĞƌ ƚŽ ŚĂǀĞ Ă ďĞƩĞƌ ƵŶĚĞƌƐƚĂŶĚŝŶŐ ŽĨ ŽƵƌ ĐŽŵƉĂŶǇ͕ ǇŽƵ ĐĂŶ ĮŶĚ ĨƵƌƚŚĞƌ ŝŶĨŽƌŵĂƟŽŶ ĂŶĚ ƚŚĞ ĐĂƚĂůŽŐƵĞ ŝŶ ŽƵƌ ǁĞďƐŝƚĞ͗ ǁǁǁ͘ƐĞďĂŐƌŽƵƉ͘ĞƵ

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

NEWS

PAPARELLI ALESSANDRO E FIGLIO SRL

Company specialized in screens for water wells W W Z >>/ > ^^ E ZK &/'>/K ^Z> ŚĂƐ ŝƚƐ ŽƌŝŐŝŶƐ ŝŶ ƚŚĞ ƉƌĞǀŝŽƵƐ ĨĂŵŝůǇ ďƵƐŝŶĞƐƐ͗ dŚĞ ƉƌŽĚƵĐƟŽŶ ŽĨ ƚŽŽůƐ͕ ƚŚĞ ďƵŝůĚŝŶŐ ĂŶĚ ƌĞƉĂŝƌŝŶŐ ŽĨ ŵĂĐŚŝŶĞƐ ĨŽƌ ĐĂƌƉĞŶƚƌǇ͕ ŵĞĐŚĂŶŝĐƐ ĂŶĚ ŚŽƵƐĞ ďƵŝůĚŝŶŐ͕ ƐƚĂƌƚĞĚ ŝŶ ƚŚĞ ĮƌƐƚ ĚĞĐĂĚĞ ŽĨ ƚŚĞ ϮϬƚŚ ĐĞŶƚƵƌǇ͘ >ĂƚĞƌ͕ Ăƚ ƚŚĞ ĞŶĚ ŽĨ ƚŚĞ ϱϬ͛Ɛ͕ ƚŚĂŶŬƐ ƚŽ ŚŝƐ ĐƌĞĂƟǀŝƚǇ͕ ƐŬŝůůƐ ĂŶĚ ďƵƐŝŶĞƐƐ ĞǆƉĞƌŝĞŶĐĞ͕ Dƌ͘ ůĞƐƐĂŶĚƌŽ ƐƚĂƌƚĞĚ ƚŚĞ ƉƌŽĚƵĐƟŽŶ ŽĨ ĐĂƐŝŶŐƐ ĂŶĚ ƐĐƌĞĞŶƐ ĨŽƌ ǁĂƚĞƌ ǁĞůůƐ͘ ƚ ƚŚĞ ĞŶĚ ŽĨ ϳϬ͛Ɛ ůĞƐƐĂŶĚƌŽ͛Ɛ ƐŽŶ͕ ^ĞƌŐŝŽ ;ĐƵƌƌĞŶƚ ŽǁŶĞƌͿ͕ ũŽŝŶĞĚ ƚŚĞ ĐŽŵƉĂŶǇ ĂŶĚ ŝŶ ƚŚĞ ĨŽůůŽǁŝŶŐ ĚĞĐĂĚĞ ďƌŽƵŐŚƚ ŝƚ ƚŽ Ă ĐŽŶƟŶƵŽƵƐ ŶĂƟŽŶĂů ĂŶĚ ŝŶƚĞƌŶĂƟŽŶĂů ŐƌŽǁƚŚ͘ EŽǁĂĚĂǇƐ W W Z >>/͛Ɛ ƉƌŽĚƵĐƚƐ ĂƌĞ ƐŽůĚ ŽŶ ƚŚĞ /ƚĂůŝĂŶ ƚĞƌƌŝƚŽƌǇ ĨŽƌ ƚŚĞ ϯϬй ĂŶĚ ŽŶ ƚŚĞ ŝŶƚĞƌŶĂƟŽŶĂů ŵĂƌŬĞƚƐ ĨŽƌ ƚŚĞ ƌĞŵĂŝŶŝŶŐ ϳϬй ŝŶĐůƵĚŝŶŐ ŝŶ ƵƌŽƉĞ͕ ƐŝĂ͕ ĨƌŝĐĂ ĂŶĚ ^ŽƵƚŚ ŵĞƌŝĐĂ͘ W W Z >>/͛Ɛ ĨĂĐƚŽƌǇ ƉƌĞƐĞŶƚůǇ ĐŽǀĞƌƐ ĂŶ ĂƌĞĂ ŽĨ ϳ͘ϮϬϬ ƐƋŵƚƐ ĂŶĚ ĂŶ ŽƵƚƐŝĚĞ ŽƉĞŶ ĂƌĞĂ ŽĨ ϭϱ͘ϬϬϬ ƐƋŵƚƐ͘ ,ĞƌĞ Ă ǁŝĚĞƌ ƌĂŶŐĞ ŽĨ ƉƌŽĚƵĐƚƐ ŝƐ ŵĂŶƵĨĂĐƚƵƌĞĚ͗ ƚƵďĞƐ͕ ĚŝīĞƌĞŶƚ ƚǇƉĞƐ ŽĨ ƐĐƌĞĞŶƐ͕ ƐƵĐŚ ĂƐ ƐŝŵƉůĞ ƐůŽƩĞĚ͕ ďƌŝĚŐĞ ƐůŽƩĞĚ͕ ƐƉŝƌĂů ƐĐƌĞĞŶ ;:ŽŚŶƐŽŶ ƚǇƉĞͿ ŽŶĞƐ͕ ĂĐĐĞƐƐŽƌŝĞƐ ĂŶĚ ĐƵƐƚŽŵŝǌĞĚ ƐƉĞĐŝĂů ƉĂƌƚƐ͘ dŚĞ ĐŽŵƉĂŶǇ ĂůƐŽ ŽīĞƌƐ͕ ƚŚĂŶŬƐ ƚŽ ŝƚƐ ůŽŶŐͲƟŵĞ ĞǆƉĞƌŝĞŶĐĞ͕ ƐƵƉƉŽƌƚ ƚŽ ƌĞƐĞĂƌĐŚ ĂŶĚ ĂƉƉůǇ ŶĞǁ ƚĞĐŚŶŝĐĂů ƐŽůƵƟŽŶƐ ĂĐĐŽƌĚŝŶŐ ƚŽ ƚŚĞ ŶĞĞĚƐ ŽĨ ƚŚĞ ĐƵƐƚŽŵĞƌƐ͘ ^ŝŶĐĞ DĂǇ ϭϵϵϴ͕ ƚŚĞ ŵĂŶĂŐĞŵĞŶƚ ƐǇƐƚĞŵ ŽĨ ƚŚĞ ĐŽŵƉĂŶǇ ŝƐ Es ĐĞƌƟĮĞĚ͕ ƉƌĞƐĞŶƚůǇ ĂĐĐŽƌĚŝŶŐ ƚŽ ƚŚĞ hE/ E ϵϬϬϭ͘ dŚĞ ƐǇƐƚĞŵ ŽĨ ƋƵĂůŝƚǇ ŝƐ ĂůƌĞĂĚǇ ĐŽŶĨŽƌŵĞĚ ƚŽ ƚŚĞ ƌĞŐƵůĂƟŽŶ ϵϬϬϭ͗ϮϬϭϱ͘ WĂƉĂƌĞůůŝ ŝƐ ǀĞƌǇ ĞŶǀŝƌŽŶŵĞŶƚĂůůǇ ĂǁĂƌĞ ĂŶĚ ƐĞŶƐŝďůĞ ƚŽ ƚŚĞ ŝƐƐƵĞ ŽĨ ĞŶĞƌŐǇ ƐĂǀŝŶŐ͘ /ƚ ŚĂƐ ŝŶ ĨĂĐƚ Ă ϮϮϴ <t ƉŚŽƚŽǀŽůƚĂŝĐ ƐǇƐƚĞŵ ĂŶĚ ĨƌŽŵ :ƵůǇ ϮϬϭϰ Ɵůů ƚŽĚĂǇ ŝƚ ŚĂƐ ƉƌŽĚƵĐĞĚ ĞŶĞƌŐǇ ĞƋƵĂů ƚŽ ϴϱϲ͘ϬϬϬ <ǁŚ ĂǀŽŝĚŝŶŐ Ă KϮ ƉƌŽĚƵĐƟŽŶ ĞƋƵĂů ƚŽ ϱϱϲ͘ϬϬϬ ŬŐ ;ĐŽƌƌĞƐƉŽŶĚŝŶŐ ƚŽ ϱϬϯ Žŝů ďĂƌƌĞůƐ͕ ϯϭϲϬ ƚƌĞĞƐͿ͘ W W Z >>/͛Ɛ ƉƌŽĚƵĐƚƐ ĐĂŶ ďĞ ƌĞĂůŝǌĞĚ ŝŶ ^ƚĂŝŶůĞƐƐ ^ƚĞĞů ;ǁŝƚŚ ďƌƵƐŚ tĞůĚĞĚ͕ WŝĐŬůĞĚ ĂŶĚ WĂƐƐŝǀĂƚĞĚ ϯϬϰͬϯϬϰ>͖ ϯϭϲ> ĞƚĐ͘Ϳ͕ ĂƌďŽŶ ^ƚĞĞů ;^ Ϯϯϱ :Z͕ tĂƚĞƌ WĂŝŶƚĞĚ͕ ,ŽƚͲ'ĂůǀĂŶŝǌĞĚ ĂƌďŽŶ ^ƚĞĞů ĂŶĚ ŝŶ ĞǀĞƌǇ ƋƵĂůŝƚǇ ŽĨ ƐƚĞĞůͿ͘ dŚĞ ƌĂŶŐĞ ŽĨ ƉƌŽĚƵĐƚƐ ŝŶĐůƵĚĞƐ͗ Ͳ^ƉŝƌĂů ƐĐƌĞĞŶƐ ĨƌŽŵ T ϯϰ ŵŵ ƚŽ T ϭϬϭϲ ŵŵ ŝŶ ůĞŶŐƚŚ Ɵůů ϭϮ͕ϬϬ Dƚ ;ǁŝƚŚ Žƌ ǁŝƚŚŽƵƚ ŝŶƐŝĚĞ ĐĂƐŝŶŐͿ͖ ŵŽƌĞŽǀĞƌ͕ ƚŽ ƉƌŽĚƵĐĞ ƐƉŝƌĂů ƐĐƌĞĞŶ͕ ŽƵƌ ƉƌŽĚƵĐƟŽŶ ĚĞƉĂƌƚŵĞŶƚ ǁŽƌŬ ŝŶ ǁŝƌĞͲĚƌĂǁŝŶŐ ĂŶĚ ǁŝƌĞͲƉƌŽĮůŝŶŐ ƉƌŽĐĞĚƵƌĞƐ͘ Ͳ ƌŝĚŐĞ ^ůŽƩĞĚ ^ĐƌĞĞŶƐ͖ ͲZŝƐĞƌ WŝƉĞƐ͖ Ͳ^ŝŵƉůĞ ^ůŽƩĞĚ ^ĐƌĞĞŶƐ͖ Ͳ>ŽŶŐƐƚĂŶĚŝŶŐ ĂƐŝŶŐƐ ĨŽƌ tĂƚĞƌ tĞůůƐ ĂŶĚ ĂƐŝŶŐ ĨŽƌ ŝŶƐƚĂůůĂƟŽŶ ŽĨ WƵŵƉƐ͖ Ͳ ŝīĞƌĞŶƚ WŝƉĞ hŶŝŽŶƐ͗ dŚƌĞĂĚƐ͕ ŽůůĂƌƐ͕ &ůĂŶŐĞƐ͕ tĞůĚ ZŝŶŐƐ͕ ZĞĚƵĐĞĚ &ůĂŶŐĞƐ ǁŝƚŚ ,ŽůĞƐ͕ tĞůĚ ZŝŶŐƐ ĞƚĐ͖͘ Ͳ ĞŶƚƌĂůŝǌĞƌƐ͖ ŽƩŽŵ ĂƉƐ ŝĞůĞĐƚƌŝĐ :ŽŝŶƚƐ͖ dŝĞƐ͖ ŽŶŝĐĂů ZĞĚƵĐƟŽŶƐ͕ ŚŽůĚŝŶŐ ĐůĂŵƉƐ͖ >ŝŌŝŶŐ dŚƌĞĂĚĞĚ ,ĞĂĚƐ͘ W W Z >>/ ĂůƐŽ ĚĞĂůƐ ŝŶ Ws ƚƵďĞƐ ĂŶĚ ƐĐƌĞĞŶƐ͕ ĂŶĚ ŐůĂƐƐ ďĞĂĚƐ ŽĨ ĚŝīĞƌĞŶƚ ĚŝĂŵĞƚĞƌƐ ƚŽ ĚƌĂŝŶ ƚŚĞ ǁĞůůƐ͘ dŽ ůĞĂƌŶ ŵŽƌĞ ĂďŽƵƚ ƚŚĞ ǁĂǇ ŽĨ ǁŽƌŬŝŶŐ ĂŶĚ ůĞĂƌŶ ĂďŽƵƚ ƚŚĞ ƉƌŝĐĞƐ͕ ƉůĞĂƐĞ ũƵƐƚ ƚƌǇ ƚŽ ĂƐŬ ƵƐ ĨŽƌ Ă ƋƵŽƚĂƟŽŶ ĂŶĚ ǁĞ ǁŝůů ďĞ ŚĂƉƉǇ ƚŽ ĂŶƐǁĞƌ ǇŽƵ ĂƐ ƐŽŽŶ ĂƐ ƉŽƐƐŝďůĞ ǁŝƚŚ ŽƵƌ ďĞƐƚ ƉƌŝĐĞƐ ǁŝƚŚŽƵƚ ĐŽŵŵŝƚŵĞŶƚ͘ sŝƐŝƟŶŐ ƚŚĞ ǁĞď ƐŝƚĞ ǁǁǁ͘ƉĂƉĂƌĞůůŝ͘ŝƚ ǇŽƵ ĐĂŶ ƐĞĞ Ăůů ƚŚĞ ƉƌŽĚƵĐƚ ƌĂŶŐĞ ďƵƚ ĚŽ ŶŽƚ ŚĞƐŝƚĂƚĞ ƚŽ ĐŽŶƚĂĐƚ ƵƐ ĨŽƌ ĂŶǇ ŶĞĞĚ͖ ďǇ ƉŚŽŶĞ нϯϵ ;ϬͿ ϯϭ ϳϵϬϲϬϭ;ĂƐŬ ĨŽƌ DƌƐ͘ ŶŐĞůĂ͕ Dƌ͘ DĂƌĐŽ͕ DŝƐƐ &ƌĂŶĐĞƐĐĂ͕Ϳ Žƌ ďǇ ŵĂŝů ǁƌŝƟŶŐ ƚŽ ŝŶĨŽΛƉĂƉĂƌĞůůŝ͘ŝƚ͘ tĞ ǁŝůů ďĞ ŐůĂĚ ƚŽ ĂŶƐǁĞƌ ǇŽƵ͘

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India’s Market For Nitrogen Is The World’s Fastest-Growing Major Industrial Gas Segment The Business Research Company

India’s market for nitrogen is growing at 11.2% a year, having recently accelerated from 7.5%. That places it ahead of the world’s second-fastest growing, Russia’s market, also for nitrogen, which was achieving 12.2% but has now slowed to 10.4%. China’s market for nitrogen is growing at a relatively leisurely 7.3% a year. In comparison with both China and the global average, in fact, all four of India’s major industrial gas segments – hydrogen, oxygen and carbon dioxide as well as nitrogen – are ahead in terms of annual growth. This finding comes from a report from The Business Research Company, The Global Industrial Gas Market 2018, which also shows that the global industrial gas market grew from $66.08 billion in 2013 to $73.52 billion in 2017 at a compound annual growth rate of 2.7%, held back by negative growth for most gases in the huge North American market. Demand for industrial gases in the emerging economies generally is increasing rapidly mainly due to rising manufacturing activity. For instance, oxygen and nitrogen, produced by the industrial gas industry to meet the demand from the iron and steel smelting industries of China and India, have helped drive the Asia Pacific market for these gases at over 6% a year for oxygen and nearly 7% for nitrogen, well ahead of the global average. By end user segments, India’s and China’s markets for industrial gases are distributed similarly, though China’s are much larger. Manufacturing, metallurgy and chemicals together absorb around 70% of industrial gases in both countries, in contrast to developed countries. Even in those like Germany, which still has a large manufacturing base, under 60% of all industrial gas sales are to heavy industry. Perhaps the most conspicuous contrast between the developed and developing economies, however, reflected in the chart, is in the proportion of industrial gas sales which go to healthcare – 5% and 4% in India and China, 15% and 20% in Germany and the UK.

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

Industrial Gases End Users Markets By Country Manufacturing

Metallurgy

Chemicals

Food & Beverages

Healthcare

India

China

Germany

Others

Source: The Business Research Company

Government Policies Impact on the Industrial Gas Market While break-neck industrialization is the biggest source of volume growth for industrial gases, government policies are also influential. Emerging market manufacturing companies, such as those in the semiconductor, medical equipment and oil and gas industries, have often received support in the form of incentives and subsidies from national and state governments, and their growth has bolstered the market for industrial gases. Similarly, government investments in infrastructure have also led to a rise in demand for industrial gases. For instance, the Indian government provides 50% of the cost for development of infrastructure in electronic manufacturing clusters. These companies use gases such as helium to manufacture hard drives and semiconductors. The infrastructure construction companies themselves use carbon dioxide for welding iron and steel components in construction sites, thus increasing the demand for that gas.

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

In the developed economies such as Japan, the USA, and some countries in the European Union, national and state governments are supporting environmentally-friendly alternatives to polluting products. For instance, Japan offers subsidies for hydrogen-powered cars, so driving demand for that gas. In 2015 the Tokyo Metropolitan government began subsidizing 80% of the costs of building hydrogen stations. Under the Tokyo Metropolitan Government’s plan, the city aims to have 100,000 hydrogen passenger vehicles, 100 hydrogen buses and 80 refueling stations by 2025. Buyers of fuel-cell vehicles in Tokyo will be entitled to about ¥1 million of subsidies, on top of the ¥2 million provided by Japan’s central government. The central government is planning hydrogen distribution facilities as it supports Toyota, which pioneered hybrid vehicles, to help popularize what the carmaker sees as the next generation of auto technology. Japan’s Prime Minister has said Japan intends to create a ‘hydrogen society’, with cells powered by the gas also powering homes and office buildings. A Regulated Market While some industrial gas producers benefit from government support, all are affected by government-imposed safety regulations and consequent costs. Most national and state governments have stringent laws associated with industrial gas manufacturing, storage and distribution in order to prevent accidents and contamination. For instance, the Current Good Manufacturing Practices (CGMPs) are regulations enforced by the US Food and Drug Administration to monitor the quality of medical gases. The CGMPs regulate proper monitoring and control of manufacturing processes and facilities in the medical gases industry. Again, the European Union safety regulation REACH (registration, evaluation, authorization, and restriction of chemicals) stipulates that all chemical substances must be registered. CLP (classification, labelling and packaging of substances and mixtures) is another European Union safety regulation that focuses on the safety of consumers and workers. Complying with these regulations increases operational costs for industrial gas companies, increases which are passed on in prices or affect their profit margins and capacity to re-invest for further expansion.

High-grade Industrial Gas Markets Healthcare is an example of an industry where it is demand for high-grade industrial gases that is expanding. In addition to oxygen, which is used in medical facilities in the treatment of hypoxemia and hypoxia, carbon dioxide is used for insufflation and is often combined with oxygen or air as a respiratory stimulant to promote deep breathing. Again, nitrous oxide, nitric oxide, and other industrial gases like hydrogen, helium and xenon are being prepared for clinical use in pharmaceutical products. Treatments and drug developments using induced pluripotent stem cells (IPS) will bring new opportunities to the industry through the application of systems using gases such as carbon dioxideÂ and liquid nitrogen, which are indispensable for the cultivation and preservation of cells and tissues. Similarly, population aging is leading to a rise in the incidence of medical conditions for which MRIs (magnetic resonance imaging machines) are used in diagnosis. MRIs contain helium to cool down superconductive magnets to a temperature below 10 Kelvin. Industrial Gases And Chemicals Market Compared Industrial gases are themselves a segment of the larger chemicals market. The gas segment has been growing much faster than the wider market, a trend that is expected to continue despite acceleration of the chemicals market growth.

Global Industrial Gas And Chemicals Markets Growth Comparison

2013-2017

2017-20121

Industrial Gases

Chemicals

Source: The Business Research Company

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BAGGI-LUX

Baggi-Lux, energy saving plant ĂŐŐŝͲ>Ƶǆ ƐƉĞĐŝĂůŝǌĞĚ ŝŶ ƚŚĞ ƉƌŽĚƵĐƟŽŶ ŽĨ ĮďĞƌŐůĂƐƐ ƌĞŝŶĨŽƌĐĞĚ ƉůĂƐƟĐ ƐŬǇůŝŐŚƚƐ ;&ZWͿ ĂŶĚ ĂĐƌǇůŝĐ ƌĞƐŝŶ ƐŬǇůŝŐŚƚƐ ;WDD Ϳ ĂŶĚ ƉŽůǇĐĂƌďŽŶĂƚĞ ƐŬǇůŝŐŚƚƐ ;W Ϳ͘ dŚĞ ĐŽŵƉĂŶǇ ŚĂƐ ďĞĞŶ ƐƉĞĐŝĂůŝƐĞĚ ŝŶ ƚŚĞ ƉƌŽĚƵĐƟŽŶ ŽĨ ͞ƐŵŽŬĞ ĂŶĚ ŚĞĂƚ ĞǀĂĐƵĂƟŽŶ ƐǇƐƚĞŵ͟ ; E& Ϳ ĂŶĚ ƚƌĂŶƐƉŽƌƚĂƟŽŶ ŽĨ ƐŽůĂƌ ůŝŐŚƚ ĨŽƌ ŝůůƵŵŝŶĂƟŽŶ ĨŽƌ ĞůĞĐƚƌŝĐŝƚǇ ƐĂǀŝŶŐ ŝŶ ƚŚĞ ďƵŝůĚŝŶŐƐ WŽǁĞƌƉŝƉĞͲ>hy ƐǇƐƚĞŵ ŝƐ ĂŶ ŝŶŶŽǀĂƟǀĞ ĚĞǀŝĐĞ ǁŝƚŚ Ă ĚŽŵĞ ƌĞŇĞĐƚŽƌ ĐŽůůĞĐƟŽŶ ĨƵƌŶŝƚƵƌĞ ǁŚŝĐŚ ŐƵĂƌĂŶƚĞĞƐ ƚŚĞ ŐƌĞĂƚĞƐƚ ůŝŐŚƚ ĐŽŶƚƌŝďƵƟŽŶ ƚŚƌŽƵŐŚŽƵƚ ƚŚĞ ĚĂǇ͘ dŚĞ ƚƌĂĐŬŝŶŐ ƐǇƐƚĞŵ ǁŝƚŚ 'W^ ŐƵŝĚĂŶĐĞ ůŽĐĂƚĞĚ ŽŶ ƚŚĞ ƐŬǇůŝŐŚƚ ƚŚĂƚ ĐŽŶƟŶƵŽƵƐůǇ ŵŽǀĞƐ ƚŚĞ ƌĞŇĞĐƚŽƌ ŝŶ ƚŚĞ ďĞƐƚ ƉŽƐŝƟŽŶ ƚŽ ŽďƚĂŝŶ ƚŚĞ ďĞƐƚ ƌĞŇĞĐƟŽŶ ŽĨ ůŝŐŚƚ ŝŶƐŝĚĞ ĞĂĐŚ ŝŶĚŝǀŝĚƵĂů ĚĞǀŝĐĞ͘ >ŝŐŚƚ ĐĂƚĐŚŝŶŐ ĚŽŵĞ ;hE/ E ϭϴϳϯ͗ ϮϬϬϲͿ ŝƐ ŵĂĚĞ ŽĨ ĐŽŵƉĂĐƚ ƐŚŽĐŬƉƌŽŽĨ ƉŽůǇŵĞƚŚǇůŵĞƚŚĂĐƌǇůĂƚĞ ;WDD Z ^/^dͿ͖ ƚŚĞ ĞǆƉŽƐĞĚ ƉĂƌƚ ŝƐ ŶĂƚƵƌĂůůǇ ƉƌŽƚĞĐƚĞĚ ĂŐĂŝŶƐƚ hs ƌĂǇƐ͘ dŚŝƐ ƐǇƐƚĞŵ ŝƐ ĂďůĞ ƚŽ ŽīĞƌ͗ ͻ ŽŶƐŝĚĞƌĂďůĞ ĞůĞĐƚƌŝĐŝƚǇ ƐĂǀŝŶŐ ŝĨ ĐŽŵďŝŶĞĚ ǁŝƚŚ Ă ƚǁŝůŝŐŚƚ ĐŽŶƚƌŽů ŵĂŶĂŐĞŵĞŶƚ ƐǇƐƚĞŵ͘ ͻWŽƐƐŝďŝůŝƚǇ ŽĨ ůŝŐŚƚ ĞŶŐŝŶĞĞƌŝŶŐ ƌĞƉŽƌƚ ǁŝƚŚ ĐĂůĐƵůĂƟŽŶ ŽĨ ƚŚĞ ĂǀĞƌĂŐĞ ƐƵƉƉůŝĞĚ >hy ĂƐ ƌĞƋƵŝƌĞĚ ďǇ ƚŚĞ ŶĞǁ & ;ĂǀĞƌĂŐĞ ĚĂǇůŝŐŚƚ ĨĂĐƚŽƌͿ ƐƚĂŶĚĂƌĚ ƚŚĂƚ ƌĞƋƵŝƌĞƐ ƚŚĞ ĂŵŽƵŶƚ ŽĨ >hy ƉƌŽĚƵĐĞĚ͘ ^ƵŶ^ŵŽŬĞϮϬϬϬsͲ sK ŝƐ ƚŚĞ ƐŵŽŬĞ ĂŶĚ ŚĞĂƚ ĞǀĂĐƵĂƚŽƌ ĐƌĞĂƚĞĚ ďǇ ĂŐŐŝͲ>Ƶǆ ƚŚĂƚ ŽƉĞŶƐ ĂƵƚŽŵĂƟĐĂůůǇ ŝŶ ĐĂƐĞ ŽĨ ƐŵŽŬĞ ĨƌŽŵ ƚŚĞ ĮƌĞ͘ /ƚ ŝƐ ƵƐĞĨƵů ƚŽ ŐĞƚ ƉĞŽƉůĞ ŽƵƚ ƋƵŝĐŬůǇ ĨƌŽŵ ƚŚĞ ƉƌĞŵŝƐĞƐ ďĞĐĂƵƐĞ ƚŚĞǇ ĐĂŶ ƐĞĞ͕ ŝƚ ŝƐ ƵƐĞĨƵů ĨŽƌ ƚŚĞ ĮƌĞĮŐŚƚĞƌƐ ǁŚŽ ŝŶƚĞƌǀĞŶĞ ƐĞĞŝŶŐ ƵƐ ĂŶĚ ƚŚĞ ƐƚƌƵĐƚƵƌĞƐ ƌĞŵĂŝŶ ĐŽůĚĞƌ͘ dŚĞ EĂƚƵƌĂů ^ŵŽŬĞ ĂŶĚ ,ĞĂƚ ǆŚĂƵƐƚ ǀĞŶƟůĂƚŽƌ ^͘,͘ ͘s͘ ͞^ƵŶ^ŵŽŬĞ ϮϬϬϬsͲ sK͕͟ ŵĂĚĞ ǁŝƚŚ ƚŚĞ ĐŚĂƌĂĐƚĞƌŝƐƟĐƐ ƐƉĞĐŝĮĞĚ ŝŶ ƚŚĞ ƐƚĂŶĚĂƌĚ ;hE/ E ϭϮϭϬϭͲϮ͗ ϮϬϬϰͿ͕ ǁŝƚŚ ĞƌƟĮĐĂƚĞ EŽ͘ Ϭϰϵϳͬ WZͬϰϰϱϰ ƉƵƌƐƵĂŶƚ ƚŽ ƚŚĞ ŽŶƐƚƌƵĐƟŽŶ WƌŽĚƵĐƚƐ ŝƌĞĐƟǀĞ ϴϵͬϭϬϲͬ ͕ ĂƐ ĂŵĞŶĚĞĚ ďǇ ƚŚĞ ŝƌĞĐƟǀĞ ; W Ϳ ϵϯͬϲϴͬ ͕ ƵƌŽƉĞĂŶ ZĞŐƵůĂƟŽŶ ; WZͿ ϯϬϱͬϮϬϭϭͬ h͕ ͻ ůĂƐƐŝĮĐĂƟŽŶ͗ ZĞůŝĂďŝůŝƚǇ ZĞϯϬϬ͕ KƉĞŶŝŶŐ ƵŶĚĞƌ ůŽĂĚ ^>ϵϬϬ͕ >Žǁ ĞŶǀŝƌŽŶŵĞŶƚ ƚĞŵƉĞƌĂƚƵƌĞ d ;ϬϬͿ͕ tŝŶĚ ůŽĂĚ t>ϭϱϬϬ͕ ,ĞĂƚ ƌĞƐŝƐƚĂŶĐĞ ϯϬϬ &Žƌ ŵŽƌĞ ŝŶĨŽƌŵĂƟŽŶ͗ ǁǁǁ͘ďĂŐŐŝůƵǆƚĞĐŶŝĐĂ͘ĐŽŵ ƉĂŽůŽΛďĂŐŐŝͲůƵǆ͘ĐŽŵ

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

BAGGI-LUX

NEWS

INDUSTRIAL TECHNOLOGY

OIL AND GAS, PETROCHEMICAL, AUTOMATION

NEWS

FMB

FMB, LQGXVWULDO EDQGVDZV DQG GULOOLQJ machines

dŽ ŐĂŝŶ ĐƵƐƚŽŵĞƌ ůŽǇĂůƚǇ ǇŽƵ ĚŽ ŶŽƚ ŶĞĞĚ ƐƉĞĐŝĂů ĞīĞĐƚƐ͘ zŽƵ ũƵƐƚ ŶĞĞĚ Ă ƋƵĂůŝƚǇ ƉŽůŝĐǇ͘ ZĞůŝĂďŝůŝƚǇ͕ ƚĞĐŚŶŽůŽŐǇ ĂŶĚ ƐŽůŝĚŝƚǇ͘ &D ĨŽĐƵƐĞĚ ŽŶ ƚŚĞƐĞ ƐŝŵƉůĞ ůĞǀĞƌƐ͗ ĞƌŐĂŵŽ͛Ɛ ĞŶƚƌĞƉƌĞŶĞƵƌŝĂů ƌĞĂůŝƚǇ ƚŚĂƚ ƐŝŶĐĞ ϭϵϴϮ ĐŽŶƐƚĂŶƚůǇ ƐƚƌĞŶŐƚŚĞŶĞĚ ŝƚƐ ƉƌĞƐĞŶĐĞ ĂŶĚ ĂƵƚŚŽƌŝƚǇ ŽŶ ƚŚĞ ŝŶƚĞƌŶĂƟŽŶĂů ďĂŶĚ ƐĂǁ ĂŶĚ ĚƌŝůůŝŶŐ ŵĂĐŚŝŶĞƐ ŵĂƌŬĞƚ͘ KƵƌ ƚĞĐŚŶŝĐĂů ĚĞƉĂƌƚŵĞŶƚ ŝƐ ƚŚĞ ŚĞĂƌƚ ŽĨ ŽƵƌ ĐŽŵƉĂŶǇ͗ ŚĞƌĞ ĂƌŝƐĞƐ ƚŚĞ ĐĂƌĞĨƵů ƉůĂŶŶŝŶŐ ŽĨ ŽƵƌ ŵĂĐŚŝŶĞƐ͕ ďƵŝůƚ ĂŶĚ ƚĞƐƚĞĚ ƚŽ ŐƵĂƌĂŶƚĞĞ ƵŶŵĂƚĐŚĞĚ ƉĞƌĨŽƌŵĂŶĐĞƐ͘ ĚĂƉƟŶŐ ƚŚĞ ŐĞŶĞƌŝĐ ĨĞĂƚƵƌĞƐ ŽĨ ƚŚĞ ŵĂĐŚŝŶĞ ƚŽ ƚŚĞ ƐƉĞĐŝĮĐ ĞŶĚ ƵƐĞƌ ƌĞƋƵŝƌĞŵĞŶƚƐ ŚĂƐ ďĞĞŶ͕ ƐŝŶĐĞ ƚŚĞ ďĞŐŝŶŶŝŶŐ͕ ƚŚĞ ĞůĞŵĞŶƚ ƚŚĂƚ ŚĂƐ ĂůůŽǁĞĚ &D ƚŽ ƐŽŽŶ ĞƐƚĂďůŝƐŚ ŝƚƐĞůĨ ĂƐ Ă ŵĂũŽƌ ƉůĂǇĞƌ ŽŶ ƚŚĞ /ƚĂůŝĂŶ ĂŶĚ ĨŽƌĞŝŐŶ ŵĂƌŬĞƚ͘ ĂĐŚ ƐƚĞƉ ŽĨ ƉƌŽĚƵĐƟŽŶ ʹ ƌƵůĞĚ ďǇ ƚĞĐŚŶŽůŽŐŝĐĂů ĂŶĚ ĐǇďĞƌ ƐǇƐƚĞŵƐ ʹ ĞŶĚƐ ǁŝƚŚ ĞůĞĐƚƌŽŵĞĐŚĂŶŝĐĂů ƚĞƐƚƐ ĂŵŽŶŐ ƚŚĞ ƐƚƌŝĐƚĞƐƚ ŝŶ ŽƵƌ ƐĞĐƚŽƌ͘ 'ƵĂƌĂŶƚĞĞŝŶŐ Ă ĮŶĂů ĞǆĐĞůůĞŶƚ ƉƌŽĚƵĐƚ ŝƐ Ă ƚĂƌŐĞƚ͕ ďƵƚ ŶŽƚ ƚŚĞ ŽŶůǇ ŽŶĞ ĨŽƌ &D ͘ KƵƌ ĞŶƚĞƌƉƌŝƐĞ ƉŚŝůŽƐŽƉŚǇ ŝƐ ŽƌŝĞŶƚĞĚ ƚŽ ĞŶǀŝƌŽŶŵĞŶƚĂů ƐƵƐƚĂŝŶĂďŝůŝƚǇ͕ ƚĞƌƌŝƚŽƌǇ ĂŶĚ ŚƵŵĂŶ ƌĞƐŽƵƌĐĞƐ ƉƌŽŵŽƟŽŶ͘ ŐĂŝŶƐƚ ƚŚĞ ůŽŐŝĐ ďĂƐĞĚ ĞǆĐůƵƐŝǀĞůǇ ŽŶ ƚŚĞ ƉŽǁĞƌ ŽĨ ƉƌŝĐĞ͕ &D ĐŚŽƐĞ Ă ŵŽƌĞ ĨĂƌƐŝŐŚƚĞĚ ƉŽůŝĐǇ͕ ĂŝŵĞĚ Ăƚ ƚŚĞ ƉƌŽŵŽƟŽŶ ŽĨ Ă ŐĞŶƵŝŶĞ ŵĂĚĞ ŝŶ /ƚĂůǇ ďĂƐĞĚ ŽŶ ŚŝŐŚ

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

ƋƵĂůŝƚǇ ĐŽŵƉŽŶĞŶƚƐ ĂŶĚ ƐŬŝůůĞĚ ůĂďŽƵƌ͘ ƵƐƚŽŵĞƌ͛Ɛ ůŽǇĂůƚǇ ŝƐ ŶŽǁ Ă ƌĞĂĐŚĞĚ ŐŽĂů͕ ƚŚĂŶŬƐ ƚŽ ŽƵƌ ƚƌĂĚĞ ƉŽůŝĐǇ ŐĞĂƌĞĚ ƚŽǁĂƌĚƐ ͞ĐƵƐƚŽŵĞƌ͛Ɛ ƐĂƟƐĨĂĐƟŽŶ͘͟ ŐůŽďĂů͕ ĐĂƉŝůůĂƌǇ ƐĂůĞƐ ŶĞƚǁŽƌŬ ĂŶĚ Ă ƉƌŽŵƉƚ ĂŶĚ ĞĸĐŝĞŶƚ ŚĞůƉůŝŶĞ͕ ƉĞƌŵŝƚ ƚŽ ĐŽŶƐŽůŝĚĂƚĞĚ ĂŶĚ ŶĞǁ ĐƵƐƚŽŵĞƌƐ ƚŽ ŶĞǀĞƌ ĨĞĞů ĂůŽŶĞ͘ dŚĞ ƐĞƌŝŽƵƐŶĞƐƐ ŽĨ ŽƵƌ ĐŽŵƉĂŶǇ ĐĂŶ ďĞ ĞĂƐŝůǇ ŵĞĂƐƵƌĞĚ ƚŚƌŽƵŐŚ ĂŶŽƚŚĞƌ ƉĂƌĂŵĞƚĞƌ͗ ŝƚ ŝƐ ƉŽƐƐŝďůĞ ƚŽ ƋƵŝĐŬůǇ ŽďƚĂŝŶ ŽĸĐŝĂů ƐƉĂƌĞ ƉĂƌƚƐ ĨŽƌ ŽƵƚĚĂƚĞĚ ĂŶĚ ŶŽ ůŽŶŐĞƌ ŝŶ ƉƌŽĚƵĐƟŽŶ ŵĂĐŚŝŶĞƐ͘ dŚĞ ĐƵƐƚŽŵĞƌ͛Ɛ ĐĞŶƚƌĂůŝƚǇ ŝƐ ƉƌŽǀĞĚ ďǇ ƐƉĞĐŝĮĐ ĂƐƐŝƐƚĂŶĐĞ ƉƌŽŐƌĂŵƐ ĐĂƌƌŝĞĚ ŽƵƚ Ăƚ ŽƵƌ ŚĞĂĚƋƵĂƌƚĞƌ͕ ĨŽƌ ŵĂŝŶƚĞŶĂŶĐĞ ŝŶƚĞƌǀĞŶƟŽŶ ĂŶĚ ƐƉĞĐŝĮĐ ƚƌĂŝŶŝŶŐ͘ /ƚ ŝƐ ŝŶ ƚŚĞ ƐŚĂƌŝŶŐ ŽĨ ŬŶŽǁͲŚŽǁ ďĞƚǁĞĞŶ ĐŽŵƉĂŶǇ ĂŶĚ ĐƵƐƚŽŵĞƌ ƚŚĂƚ ůŝĞƐ͕ ĨŽƌ &D ͕ Ă ǀŝƌƚƵŽƵƐ ƉƌĂĐƟĐĞ ƚŽ ďĞ ƉĞƌƉĞƚƌĂƚĞĚ ĚĂǇ ďǇ ĚĂǇ͘ dŚĞƐĞ ĂƌĞ ƚŚĞ W>h^ ƚŚĂƚ ĨŽƌ ϯϱ ǇĞĂƌƐ ŚĂǀĞ ŵĂĚĞ ƚŚĞ ĚŝīĞƌĞŶĐĞ ŝŶ &D ͘

NEWS

FRIDLE GROUP

Fridle Group, a leading Italian FRPSDQ\ LQ WKH GLVWULEXWLRQ RI sealing solutions

&ƌŝĚůĞ 'ƌŽƵƉ ŝƐ Ă ůĞĂĚŝŶŐ /ƚĂůŝĂŶ ĐŽŵƉĂŶǇ ŝŶ ƚŚĞ ĚŝƐƚƌŝďƵƟŽŶ ŽĨ ƐĞĂůŝŶŐ ƐŽůƵƟŽŶƐ͕ ŇƵŝĚ ĐŽŶŶĞĐƚŽƌƐ ĂŶĚ ŚǇĚƌĂƵůŝĐ ĐŽŵƉŽŶĞŶƚƐ ƵƐĞĚ ŝŶ ƚŚĞ ŵŽƐƚ ĚŝǀĞƌƐĞ ŝŶĚƵƐƚƌŝĂů ƐĞĐƚŽƌƐ͕ ŝŶĐůƵĚŝŶŐ͗ DĞĐŚĂŶŝĐƐ͕ &ŽŽĚ Θ ĞǀĞƌĂŐĞ͕ ŚĞŵŝĐĂů͕ WŚĂƌŵĂĐĞƵƟĐĂů Θ ŝŽŵĞĚŝĐĂů ĂŶĚ Kŝů Θ 'ĂƐ͘ tŝƚŚ ƚŚĞ Ăŝŵ ŽĨ ƉƌŽǀŝĚŝŶŐ ƐƵƉƉůŝĞƐ ƚŽ ŽǀĞƌ Ϯ͕ϱϬϬ ĐƵƐƚŽŵĞƌƐ ǁŽƌůĚǁŝĚĞ ĂŶĚ Ă ƋƵĂůŝĮĞĚ ƚĞĐŚŶŝĐĂů ĐŽŶƐƵůƟŶŐ ƐĞƌǀŝĐĞ ŐĞĂƌĞĚ ƚŽ ƚŚĞ ƐƉĞĐŝĮĐ ŶĞĞĚƐ ŽĨ ƚŚĞ ĐƵƐƚŽŵĞƌ͕ &ƌŝĚůĞ 'ƌŽƵƉ ĞŵƉůŽǇƐ Ă ƚĞĂŵ ŽĨ ϳϱ ŵĞŵďĞƌƐ ŽĨ ƐƚĂī ǁŚŽ ĂƌĞ ĚŝǀĞƌƐŝĮĞĚ ďǇ ƐƉĞĐŝĂůŝƐĂƟŽŶ͕ ŝŶ ŽƌĚĞƌ ƚŽ ƐƵŐŐĞƐƚ ƚŚĞ ŵŽƐƚ ƐƵŝƚĂďůĞ ĂŶĚ ĞīĞĐƟǀĞ ƚĞĐŚŶŝĐĂů ƐŽůƵƟŽŶ ƚŚĂƚ ĨƵůůǇ ŵĞĞƚƐ ƚŚĞ ĐƵƐƚŽŵĞƌ͛Ɛ ŶĞĞĚƐ͘ dŚĞ ƐŽůƵƟŽŶƐ ƐƵŐŐĞƐƚĞĚ ďǇ &ƌŝĚůĞ 'ƌŽƵƉ ƚŽ ƚŚĞ ŝŶĚƵƐƚƌŝĂů ŵĂƌŬĞƚ ĚĞƌŝǀĞ ĨƌŽŵ Ă ƚŚŽƌŽƵŐŚ ƐĞůĞĐƟŽŶ ŽĨ ŝƚƐ ƐƚƌĂƚĞŐŝĐ ƉĂƌƚŶĞƌƐ ƚŚƌŽƵŐŚŽƵƚ ƚŚĞ ĐŽŵƉĂŶǇ͛Ɛ ϰϬ ǇĞĂƌƐ ŽĨ ďƵƐŝŶĞƐƐ͕ ĐŽŶƐŝƐƟŶŐ ŽĨ ǁŽƌůĚͲůĞĂĚŝŶŐ ŵĂŶƵĨĂĐƚƵƌŝŶŐ ĐŽŵƉĂŶŝĞƐ ǁŝƚŚ ǁŚŝĐŚ &ƌŝĚůĞ 'ƌŽƵƉ ŚĂƐ ĞƐƚĂďůŝƐŚĞĚ ĂŶĚ ĐŽŶƐŽůŝĚĂƚĞĚ ŝŵƉŽƌƚĂŶƚ ƉĂƌƚŶĞƌƐŚŝƉƐ͘

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

KŶĞ ŽĨ &ƌŝĚůĞ 'ƌŽƵƉ͛Ɛ ƐƚƌĞŶŐƚŚƐ ŝƐ ŝƚƐ ǀĂƐƚ͕ ĨƵůůǇ ĂƵƚŽŵĂƚĞĚ ǁĂƌĞŚŽƵƐĞ ĂƌĞĂƐ͘ dŚĞ ƐƚŽƌĂŐĞ ĂŶĚ ƐŽƌƟŶŐ ĨĂĐŝůŝƟĞƐ ĐŽŶƚĂŝŶ ŽǀĞƌ ϭϮϬ͕ϬϬϬ ƉƌŽĚƵĐƚ ƌĞĨĞƌĞŶĐĞƐ ĂŶĚ ĂƌŽƵŶĚ ϭϱ ŵŝůůŝŽŶ ƉŝĞĐĞƐ ƚŚĂƚ ŵĂŬĞ ƚŚĞ &ƌŝĚůĞ 'ƌŽƵƉ ǁĂƌĞŚŽƵƐĞ ƚŚĞ ŵŽƐƚ ĂƐƐŽƌƚĞĚ ŝŶ ƵƌŽƉĞ ǁŝƚŚ Ă ǀĂůƵĞ ĞƋƵŝǀĂůĞŶƚ ƚŽ ŽǀĞƌ ϱ ŵŝůůŝŽŶ ĞƵƌŽƐ͘ dŚĂŶŬƐ ƚŽ ĂŶ ĞĸĐŝĞŶƚ ŝŶƚĞŐƌĂƚĞĚ /d ƐǇƐƚĞŵ͕ ƚŚĞ ĐŽŵƉĂŶǇ ŝƐ ĂďůĞ ƚŽ ŵĂŶĂŐĞ ƚŚĞ ĐƵƐƚŽŵĞƌ͛Ɛ ŽƌĚĞƌ ŝŶ ƌĞĂů ƟŵĞ ĂŶĚ ƉƌŽŵƉƚůǇ ŽƌŐĂŶŝƐĞ ŝƚƐ ƐŚŝƉŵĞŶƚ ƚŽ ĂŶǇǁŚĞƌĞ ŝŶ ƚŚĞ ǁŽƌůĚ͘ ǁǁǁ͘ĨƌŝĚůĞ͘ŝƚ

A WORLD OF SEALING SOLUTIONS, FLUID CONNECTORS AND HYDRAULIC COMPONENTS Fridle Group brand tours around the world Operators of all industries located int the UAE, have recognized Fridle Group as a competent, well organized and extremely fast DISTRIBUTOR.

> over 15.000.000 pieces ready for shipment > over 120.000 different product references > a fully integrated logistic system allow Fridle Group to manage orders in real time and organize shipments all over the world, with the simplicity and speed of deliveries next door.

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FRIDLE GROUP

Hydraulic seals

High performance rotary seals

Wd& ƐĞĂůƐ

^ĞĂůŝŶŐ ƐŽůƵƟŽŶƐ ĨŽƌ W/, Kŝů Θ 'ĂƐ ĂŶĚ ůŽǁ ƚĞŵƉĞƌĂƚƵƌĞ ĂƉƉůŝĐĂƟŽŶƐ

Hydraulic hoses

&ŝƫŶŐƐ ĂŶĚ ƋƵŝĐŬ ƌĞůĞĂƐĞ ĐŽƵƉůŝŶŐƐ

DĞĂƐƵƌŝŶŐ ƐŽůƵƟŽŶƐ

Hydraulic components

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

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TOSI F.LLI

Tosi F.lli and MMV produce small EUDVV SDUWV RQ FXVWRPHU GUDZLQJV

dŽƐŝ &͘ůůŝ ĂŶĚ DDs ƉƌŽĚƵĐĞ ƐŵĂůů ďƌĂƐƐ ƉĂƌƚƐ ŽŶ ĐƵƐƚŽŵĞƌ ĚƌĂǁŝŶŐƐ͘ dŚĞ ƉƌŽĚƵĐƟŽŶ ƐƚĂƌƚƐ ĨƌŽŵ ďƌĂƐƐ ďĂƌƐ ĂŶĚ ŝƚ ŝƐ ƉĞƌĨŽƌŵĞĚ ǁŝƚŚ ŚŝŐŚͲƚĞĐŚ ŵĂĐŚŝŶĞƌǇ ĐŽŶĚƵĐƚĞĚ ďǇ ƐƉĞĐŝĂůŝǌĞĚ ƚĞĐŚŶŝĐŝĂŶƐ ƚŚĂƚ ĂůůŽǁ Ă ŚŝŐŚ ƉƌŽĚƵĐƟŽŶ ĐĂƉĂĐŝƚǇ ƐƵƉƉŽƌƚĞĚ ďǇ ĂŶ ĞĸĐŝĞŶƚ ĂŶĚ ƐǇƐƚĞŵĂƟĐ ƋƵĂůŝƚǇ ĐŽŶƚƌŽů ĂĐĐŽƌĚŝŶŐ ƚŽ ƚŚĞ hE/ E /^K ϵϬϬϭ ƐƚĂŶĚĂƌĚƐ ĂŶĚ ƚĞĐŚŶŝĐĂů ƐƉĞĐŝĮĐĂƟŽŶ /^K d^ ϭϲϵϰϵ ǁŝƚŚ ƚŚĞ ĂŝĚ ŽĨ ĞůĞĐƚƌŽŶŝĐ ŝŶƐƚƌƵŵĞŶƚƐ͘ dŚĞ ƚǁŽ ĐŽŵƉĂŶŝĞƐ ƌĞƉƌĞƐĞŶƚ ĂŶ ŝŵƉŽƌƚĂŶƚ ƌĞĂůŝƚǇ ŝŶ ƚŚĞ ƉƌŽĚƵĐƟŽŶ ŽĨ ƐŵĂůů ŵĞƚĂů ƉĂƌƚƐ ǁŝƚŚ Ă ƚŽƚĂů ƚƵƌŶŽǀĞƌ ŽĨ ŽǀĞƌ ϯϬ ŵŝůůŝŽŶ ĞƵƌŽƐ͕ ĞŵƉůŽǇ ϭϲϮ ƉĞŽƉůĞ ŽŶ ƚǁŽ ƉƌŽĚƵĐƟŽŶ ƐŝƚĞƐ ŝŶ sĂƌĂůůŽ ĂŶĚ ^ĐŽƉĂ͕ ĚŝƌĞĐƚ ƉƌĞƐĞŶĐĞ ŝŶ 'ĞƌŵĂŶǇ͕ WŽůĂŶĚ ĂŶĚ ZƵƐƐŝĂ ĂƐ ǁĞůů ĂƐ ĂŶ ĞǆƚĞŶƐŝǀĞ ŝŶƚĞƌŶĂƟŽŶĂů ŶĞƚǁŽƌŬ ŽĨ ƌĞƉƌĞƐĞŶƚĂƟǀĞƐ͕ ĂŐĞŶƚƐ ĂŶĚ ĚŝƐƚƌŝďƵƚŽƌƐ͘ &ĂƌƐŝŐŚƚĞĚŶĞƐƐ ĂŶĚ ĞŶƚƌĞƉƌĞŶĞƵƌŝĂů ƐƉŝƌŝƚ ůĞĚ ƚŽ ƚŚĞ ĞǆƉůŽƌĂƟŽŶ ŽĨ ŽƚŚĞƌ ŝŶĚƵƐƚƌŝĂů ƐĞĐƚŽƌƐ͕ ŝĚĞŶƟĨǇŝŶŐ ƚŚĂƚ ŽĨ ƵƚŽŵŽƟǀĞ ŽŵƉŽŶĞŶƚƐ ĂƐ Ă ƉŽƐƐŝďůĞ ŝŶƚĞƌĞƐƚ ĨŽƌ ƚŚĞ ĞǆƉĂŶƐŝŽŶ ŽĨ ĐŽŵƉĂŶǇ ĂĐƟǀŝƟĞƐ͘ dŚĞ ƌĞƐĞĂƌĐŚ ůĞĚ ŝŶ ϮϬϬϬ ƚŽ ƚŚĞ ĂĐƋƵŝƐŝƟŽŶ ŽĨ ƚŚĞ ^ŝƌŝƚ ĐŽŵƉĂŶǇ͕ ǁŚŝĐŚ ƉƌŽĚƵĐĞƐ ĮƫŶŐƐ ĨŽƌ ďƌĂŬŝŶŐ ƐǇƐƚĞŵƐ ĨŽƌ ŝŶĚƵƐƚƌŝĂů ǀĞŚŝĐůĞƐ͘ ^ŝƌŝƚ ƌĞƉƌĞƐĞŶƚƐ ƚŚĞ ŐƌĞĂƚĞƐƚ ŽƉƉŽƌƚƵŶŝƚǇ ĨŽƌ ƚŚĞ ĨƵƚƵƌĞ ŽĨ ƚŚĞ 'ƌŽƵƉ͕ ŚĂǀŝŶŐ ŝŶ ĨĂĐƚ Ă ĚĞĚŝĐĂƚĞĚ ZΘ ĚĞƉĂƌƚŵĞŶƚ ƚŚĂƚ ĞǀŽůǀĞƐ ƚŚĞ ƉƌŽĚƵĐƚƐ ŝŶ ŽƌĚĞƌ ƚŽ ŵĂŬĞ ƚŚĞŵ ĐŽŵƉĞƟƟǀĞ͘

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

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SCHULER PRESSEN GMBH

Smart, fast and safe: the MSP 400

Schuler’s newly developed and fully networked VHUYR SUHVV FDQ LQFUHDVH HƯFLHQF\ DQG HƪHFWLYHQHVV LQ SURGXFWLRQ

^ĐŚƵůĞƌ͛Ɛ ŶĞǁ D^W ϰϬϬ ŽīĞƌƐ ŵĂŶǇ ƐŵĂƌƚ ĨƵŶĐƟŽŶƐ͕ ŚŝŐŚ ƉƌŽĚƵĐƟǀŝƚǇ͕ ƉƌŽĐĞƐƐ ƌĞůŝĂďŝůŝƚǇ ĂŶĚ ŝŶƚƵŝƟǀĞ ŽƉĞƌĂďŝůŝƚǇ Göppingen, 07/12/2018 ʹ WƌĞƐƐ ƉůĂŶƚƐ ĂƌĞ ĨĂĐŝŶŐ ĐŽŶƐƚĂŶƚůǇ ŝŶĐƌĞĂƐŝŶŐ ĐŚĂůůĞŶŐĞƐ ǁŝƚŚ ƌĞŐĂƌĚƐ ƚŽ Ă ŚŝŐŚĞƌ ĞĸĐŝĞŶĐǇ ĂŶĚ ĞīĞĐƟǀĞŶĞƐƐ ŝŶ ƉƌŽĚƵĐƟŽŶ ʹ ƚŚŝƐ ŝƐ ƚŚĞ ĐĂƐĞ ĨŽƌ ďŽƚŚ ĂƵƚŽŵŽďŝůĞ ŵĂŶƵĨĂĐƚƵƌĞƌƐ ĂŶĚ ƚŚĞ ƐƵƉƉůŝĞƌ ŝŶĚƵƐƚƌǇ͘ ^ĐŚƵůĞƌ͛Ɛ ŶĞǁ D^W ϰϬϬ ƐĞƌǀŽ ƉƌĞƐƐ ŽīĞƌƐ Ă ƐŽůƵƟŽŶ ĨŽƌ ŵĂŶǇ ĐĂƐĞƐ͘ dŚĞ ϰϬϬ ƚŽŶ ƉƌĞƐƐ͕ ǁŚŝĐŚ ŝƐ ƐƵŝƚĂďůĞ ĨŽƌ ďŽƚŚ ƉƌŽŐƌĞƐƐŝǀĞ ĂŶĚ ƚƌĂŶƐĨĞƌ ŵŽĚĞ͕ ĐĂŶ ƚƌĂǀĞů Ăƚ ĂŶ ŽƐĐŝůůĂƟŶŐ ƐƚƌŽŬĞ ŽĨ ƵƉ ƚŽ ϳϬ ƐƚƌŽŬĞƐ ƉĞƌ ŵŝŶƵƚĞ ƚŚĂŶŬƐ ƚŽ ƚŚĞ ŚŝŐŚůǇ ĚǇŶĂŵŝĐ ƐĞƌǀŽ ĚƌŝǀĞƐ͕ ĂŶĚ ƚŚƵƐ ŽīĞƌƐ ŚŝŐŚ ƉĞƌĨŽƌŵĂŶĐĞ ŝŶ ƚŚŝƐ ƉƌŝĐĞ ƐĞŐŵĞŶƚ͘ ^ĐŚƵůĞƌ ŚĂƐ ĚĞƐŝŐŶĞĚ ƚŚĞ ĐŽŶƚƌŽů ŽĨ ƚŚĞ ŵĂĐŚŝŶĞ ŝŶ ƚŚĞ ƐƚǇůĞ ŽĨ ĂŶ ŝŶƚƵŝƟǀĞ ƐŵĂƌƚƉŚŽŶĞ ĂƉƉ͗ ŽƉĞƌĂƚŽƌƐ ĐĂŶ ƐĞůĞĐƚ ĨƌŽŵ ƉƌĞĚĞĮŶĞĚ ŵŽǀĞŵĞŶƚ ƉƌŽĮůĞƐ Žƌ ƉƌŽŐƌĂŵ ƚŚĞŵ ĨƌĞĞůǇ͘ dŚŝƐ ƐŝŐŶŝĮĐĂŶƚůǇ ƌĞĚƵĐĞƐ ƚŚĞ ŝŶŚŝďŝƟŽŶ ƚŚƌĞƐŚŽůĚ ĨŽƌ ĞǆƉůŽŝƟŶŐ ƚŚĞ ŵĂĐŚŝŶĞ͛Ɛ ƉŽƚĞŶƟĂů͘ dŚĂŶŬƐ ƚŽ ƚŚĞ ŬŝŶĞŵĂƟĐƐ ŽĨ ƚŚĞ ŬŶƵĐŬůĞͲũŽŝŶƚ ĚƌŝǀĞ͕ ĨŽƌŵŝŶŐ Ăƚ ƚŚĞ ďŽƩŽŵ ĚĞĂĚ ĐĞŶƚĞƌ ŝƐ ĂůƐŽ ƐůŽǁĞƌ ŝŶ ŝƚƐĞůĨ͘ dŚŝƐ ŵĞĂŶƐ ƚŚĂƚ ƌĞĂĚũƵƐƚŵĞŶƚ ǀŝĂ ƚŚĞ ƐĞƌǀŽ ĚƌŝǀĞ ŝƐ ŶŽƚ ĂůǁĂǇƐ ŶĞĐĞƐƐĂƌǇ͘ dŚĞ ͞^ŵĂƌƚ ƐƐŝƐƚ͟ ƐŽŌǁĂƌĞ ŐƵŝĚĞƐ ƚŚĞ ŽƉĞƌĂƚŽƌ ƐƚĞƉͲďǇͲ ƐƚĞƉ ƚŚƌŽƵŐŚ ƚŚĞ ƐĞƚƵƉ ƉƌŽĐĞƐƐ͕ ƐƵƉƉŽƌƚĞĚ ďǇ ƐŵĂůů ǀŝĚĞŽƐ ĂŶĚ ƚĞǆƚ ŵŽĚƵůĞƐ͘ dŚĞ ĞůĞĐƚƌŽŶŝĐ ĂƐƐŝƐƚĂŶƚ ŽƉƟŵŝǌĞƐ ƚŚĞ ƚƌĂŶƐĨĞƌ ĂŶĚ ƐůŝĚĞ ƉƌŽĮůĞƐ ƚŽ ŵĂǆŝŵƵŵ ŽƵƚƉƵƚ ĚĞƉĞŶĚŝŶŐ dŚĞ ͞^ŵĂƌƚ ƐƐŝƐƚ͟ ƐŽŌǁĂƌĞ ŐƵŝĚĞƐ ƚŚĞ ŽƉĞƌĂƚŽƌ ƐƚĞƉͲ ŽŶ ƚŚĞ ĐůĞĂƌĂŶĐĞ ƉƌŽĮůĞƐ ʹ Ă ĐŽŵƉůĞǆ ƉƌŽĐĞƐƐ ƚŚĂƚ ƵƐĞĚ ďǇͲƐƚĞƉ ƚŚƌŽƵŐŚ ƚŚĞ ƐĞƚƵƉ ƉƌŽĐĞƐƐ͕ ƐƵƉƉŽƌƚĞĚ ďǇ ǀŝĚĞŽƐ ƚŽ ƚĂŬĞ Ă ůŽƚ ŽĨ ƟŵĞ͘ ĂŶĚ ƚĞǆƚ͘ (photos credit by Schuler)

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

WƌŽĐĞƐƐ ŵŽŶŝƚŽƌ ŝŶƚĞŐƌĂƚĞĚ ŝŶ ƚŚĞ ĐŽŶƚƌŽů ƵŶŝƚ dŚĞ ƉƌŽĐĞƐƐ ŵŽŶŝƚŽƌ ŝŶƚĞŐƌĂƚĞĚ ŝŶ ƚŚĞ ĐŽŶƚƌŽů ƵŶŝƚ ŽīĞƌƐ ĞǆƚĞŶƐŝǀĞ ŵŽŶŝƚŽƌŝŶŐ ŽƉƟŽŶƐ͘ dŚŝƐ ĞŶƐƵƌĞƐ ŽǀĞƌůŽĂĚ ƉƌŽƚĞĐƟŽŶ ĂĐƌŽƐƐ ƚŚĞ ĞŶƟƌĞ ĐŽƵƌƐĞ ŽĨ ƚŚĞ ƉƌĞƐƐ ĨŽƌĐĞ ƉƌŽĮůĞ ĂŶĚ ƚŚĞ ĞŶƟƌĞ ŵŽǀĞŵĞŶƚ ƉƌŽĮůĞ͖ Ă ŵŝŶŝŵƵŵ ĂŶĚ ŵĂǆŝŵƵŵ ĨŽƌĐĞ ĐĂŶ ďĞ ĚĞĮŶĞĚ ĨŽƌ ĞīĞĐƟǀĞ ƉƌŽƚĞĐƟŽŶ ŽĨ ƚŚĞ ĚŝĞ͘ dŚĞ ƌĞƐƉŽŶƐĞ ƟŵĞƐ ŽĨ ƚŚĞ ĞůĞĐƚƌŽŶŝĐĂůůǇ ĚĞƐŝŐŶĞĚ ŽǀĞƌůŽĂĚ ƉƌŽƚĞĐƟŽŶ ĚĞǀŝĐĞ ĂƌĞ ŝŶ ƚŚĞ ƌĂŶŐĞ ŽĨ Ă ĨĞǁ ŵŝůůŝƐĞĐŽŶĚƐ͕ ǁŚŝĐŚ ŝƐ ĨĂƐƚĞƌ ƚŚĂŶ ǁŝƚŚ Ă ŚǇĚƌĂƵůŝĐ ŽǀĞƌůŽĂĚ ƉƌŽƚĞĐƟŽŶ ĚĞǀŝĐĞ͘ dŚĞ ƉƌĞƐƐ ĐĂŶ ďĞ ƵƐĞĚ ĂŐĂŝŶ ŝŵŵĞĚŝĂƚĞůǇ ĂŌĞƌ ĂŶ ŽǀĞƌůŽĂĚ ŚĂƐ ďĞĞŶ ĚĞƚĞĐƚĞĚ͘

ďŽƵƚ ƚŚĞ ^ĐŚƵůĞƌ 'ƌŽƵƉ ʹ ǁǁǁ͘ƐĐŚƵůĞƌŐƌŽƵƉ͘ĐŽŵ Schuler is the technological and global market leader in ƚŚĞ ĮĞůĚ ŽĨ ĨŽƌŵŝŶŐ ƚĞĐŚŶŽůŽŐǇ͘ dŚĞ ĐŽŵƉĂŶǇ ƉƌŽǀŝĚĞƐ ƉƌĞƐƐĞƐ͕ ĂƵƚŽŵĂƟŽŶ ƐŽůƵƟŽŶƐ͕ ĚŝĞƐ͕ ƉƌŽĐĞƐƐ ĞǆƉĞƌƟƐĞ ĂŶĚ ƐĞƌǀŝĐĞ ĨŽƌ ƚŚĞ ĞŶƟƌĞ ŵĞƚĂůǁŽƌŬŝŶŐ ŝŶĚƵƐƚƌǇ ĂŶĚ ĨŽƌ ůŝŐŚƚǁĞŝŐŚƚ ĂƵƚŽŵŽďŝůĞ ĐŽŶƐƚƌƵĐƟŽŶ͘ /ƚƐ ĐƵƐƚŽŵĞƌƐ ŝŶĐůƵĚĞ ĂƵƚŽŵŽƟǀĞ ŵĂŶƵĨĂĐƚƵƌĞƌƐ ĂŶĚ ƐƵƉƉůŝĞƌƐ͕ ĂƐ ǁĞůů ĂƐ ĐŽŵƉĂŶŝĞƐ ŝŶ ƚŚĞ ĨŽƌŐŝŶŐ͕ ŚŽƵƐĞŚŽůĚ ĂƉƉůŝĂŶĐĞ͕ packaging, energy and electronics industries. Schuler is Ă ůĞĂĚŝŶŐ ƐƵƉƉůŝĞƌ ŽĨ ŵŝŶƟŶŐ ƉƌĞƐƐĞƐ ĂŶĚ ŝŵƉůĞŵĞŶƚƐ ƐǇƐƚĞŵ ƐŽůƵƟŽŶƐ ĨŽƌ Ă ǁŝĚĞ ƌĂŶŐĞ ŽĨ ĚŝīĞƌĞŶƚ ŚŝŐŚͲƚĞĐŚ ƐĞĐƚŽƌƐ͘ /Ŷ ƚŚĞ ϮϬϭϳ ĮƐĐĂů ǇĞĂƌ͕ ^ĐŚƵůĞƌ ŐĞŶĞƌĂƚĞĚ ƐĂůĞƐ ŽĨ ϭ͘Ϯϯϯ ďŝůůŝŽŶ ĞƵƌŽƐ͘ dŚĞ ĐŽŵƉĂŶǇ ŚĂƐ Ă ƉƌĞƐĞŶĐĞ ŝŶ ĂƉƉƌŽǆŝŵĂƚĞůǇ ϰϬ ĐŽƵŶƚƌŝĞƐ ǁŝƚŚ ƌŽƵŐŚůǇ ϲ ϲϬϬ ĞŵƉůŽǇĞĞƐ͘ ^ĐŚƵůĞƌ ŝƐ ŵĂũŽƌŝƚǇͲŽǁŶĞĚ ďǇ ƚŚĞ ƵƐƚƌŝĂŶ E Z/d 'ƌŽƵƉ͘

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SCHULER PRESSEN GMBH

dŚĞ ŝŶƚĞŐƌĂƟŽŶ ŽĨ ĂĚĚŝƟŽŶĂů ƐĞŶƐŽƌƐ ʹ Ğ͘Ő͘ ĨŽƌ ĂĐĐĞůĞƌĂƟŽŶ͕ ŽƐĐŝůůĂƟŽŶ Žƌ ƉƌĞƐƐƵƌĞ ʹ ĞŶĂďůĞƐ ĐŽŵƉƌĞŚĞŶƐŝǀĞ ĐŽŶĚŝƟŽŶ ŵŽŶŝƚŽƌŝŶŐ ŽĨ ƚŚĞ ƐǇƐƚĞŵ͕ ǁŚŝĐŚ ĐĂŶ ďĞ ĚŝƐƉůĂǇĞĚ ŝŶ ƚŚĞ ĐŽŶƚƌŽů ƐǇƐƚĞŵ͛Ɛ ǀŝƐƵĂůŝǌĂƟŽŶ͘ dŚĞ ďĂƐŝƐ ĨŽƌ ƚŚŝƐ ŝƐ ĨƌĞƋƵĞŶĐǇ ƐƉĞĐƚƌĂ ƚŚĂƚ ƉƌŽǀŝĚĞ ŝŶĨŽƌŵĂƟŽŶ ĂďŽƵƚ ƉŽƐƐŝďůĞ ǁĞĂƌ ŝŶ ƚŚĞ ŐĞĂƌŝŶŐ͕ ďĞĂƌŝŶŐ Žƌ ŵŽƚŽƌ͘ dŚŝƐ ƉƌĞǀĞŶƚƐ ƵŶƉůĂŶŶĞĚ ĚŽǁŶƟŵĞ ĂŶĚ ŝŶĐƌĞĂƐĞƐ ƚŚĞ &Žƌ ŵŽƌĞ ŝŶĨŽƌŵĂƟŽŶ͗ ƉƌŽĚƵĐƟǀŝƚǇ ŽĨ ƚŚĞ ƐǇƐƚĞŵ͘ &ƵƌƚŚĞƌŵŽƌĞ͕ ƚŚĞ ƉƌŽĐĞƐƐ ĂŶĚ ƐŝŵŽŶ͘ƐĐŚĞƌƌĞŶďĂĐŚĞƌΛƐĐŚƵůĞƌŐƌŽƵƉ͘ĐŽŵ ĐŽŶĚŝƟŽŶ ĚĂƚĂ ĂůůŽǁ ĨŽƌ ĐŽŵƉůĞƚĞ ƋƵĂůŝƚǇ ĐŽŶƚƌŽů ŽĨ ƚŚĞ ǁǁǁ͘ƐĐŚƵůĞƌŐƌŽƵƉ͘ĐŽŵͬƉƌ ƉƌŽĚƵĐĞĚ ĐŽŵƉŽŶĞŶƚƐ͘

INDUSTRIAL TECHNOLOGY

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

NEWS

IMT INTERMATO

Taylor made solutions ZLWK GLƪHUHQW DFFHVVRULHV and automatics lines /Dd /ŶƚĞƌŵĂƚŽ ^͘Ɖ͘ ͘ sŝĂ ĂƌĞŐž ϭϰ ϮϭϬϮϬ ƌŽƐŝŽ ĚĞůůĂ sĂůůĞ ;s Ϳ sĂƌĞƐĞ͕ /ƚĂůǇ dĞů͘ нϯϵ ϬϯϯϮ ϵϲϲ ϭϭϬ &Ăǆ нϯϵ ϬϯϯϮ ϵϲϲ Ϭϯϯ ĐŽŵŵĞƌĐΛŝŵƟŶƚĞƌŵĂƚŽ͘ŝƚ ǁǁǁ͘ŝŵƟŶƚĞƌŵĂƚŽ͘ĐŽŵ /Dd /ŶƚĞƌŵĂƚŽ ^͘Ɖ͘ ͘ ƐƚĂƌƚĞĚ ŝŶ ϭϵϴϯ ŝƚƐ ĂĐƟǀŝƚǇ ŽĨ ĚĞƐŝŐŶ ĂŶĚ ĐŽŶƐƚƌƵĐƟŽŶ ŽĨ ǀĞƌƟĐĂů ůĂƚŚĞƐ ĨŽƌ ƚŚĞ ŵĂĐŚŝŶŝŶŐ ŽĨ ĂůƵŵŝŶƵŵ ĂůůŽǇ ǁŚĞĞůƐ͘ KǀĞƌ ƚŚĞ ǇĞĂƌƐ͕ ƚŚĞ ŽŵƉĂŶǇ ŚĂƐ ĐŽŶƐƚĂŶƚůǇ ĞǀŽůǀĞĚ ǁŝƚŚ ƚŚĞ ŝŶƚƌŽĚƵĐƟŽŶ ŽĨ ƚŚĞ ŵĂĐŚŝŶĞƐ ƐĞƌŝĞƐ ĨŽƌ ŵĞĐŚĂŶŝĐĂů ŵĂĐŚŝŶŝŶŐ ŝŶ ŐĞŶĞƌĂů ĂŶĚ ǁŝƚŚ ƚŚĞ ĞŶƚƌǇ͕ ĮƌƐƚ ŝŶ ƚŚĞ ƐŝĂŶ DĂƌŬĞƚ ĂŶĚ ƚŚĞŶ ŝŶ ƚŚĞ ŐůŽďĂů ŽŶĞ͘ WƌŽĚƵĐƟŽŶ ĂŶĚ ƚƵƌŶŽǀĞƌ ŚĂǀĞ ĐŽŶƐƚĂŶƚůǇ ŐƌŽǁŶ ĂƐ ǁĞůů ĂƐ ƚŚĞ ƉƌŽĚƵĐƟŽŶ ƐŝƚĞ͘ ƵƌƌĞŶƚůǇ͕ /Dd /ŶƚĞƌŵĂƚŽ ^͘Ɖ͘ ƐƉƌĞĂĚƐ ŽǀĞƌ ĂŶ ĂƌĞĂ ŽĨ ĂďŽƵƚ ϭϱ͘ϬϬϬ ƐƋƵĂƌĞ ŵĞƚĞƌƐ͕ ŚĂƐ Ă ƚƵƌŶŽǀĞƌ ŽĨ ĂƌŽƵŶĚ ϱϬ ŵŝůůŝŽŶ ƵƌŽƐ ƉĞƌ ǇĞĂƌ ĂŶĚ

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

ĞŵƉůŽǇƐ ϭϮϬ ƉĞŽƉůĞ ŝŶ ƚŚĞ ǀĂƌŝŽƵƐ ĚĞƉĂƌƚŵĞŶƚƐ͕ ĂƐ ǁĞůů ĂƐ ƐƉĞĐŝĂůŝǌĞĚ ĐŽůůĂďŽƌĂƚŽƌƐ͘ DĞĐŚĂŶŝĐĂů͕ ƐŽŌǁĂƌĞ͕ ĞůĞĐƚƌŝĐĂů ĂŶĚ ƉůĂŶƚ ĚĞƐŝŐŶ͕ ƉƌŽĚƵĐƟŽŶ͕ ĂƐƐĞŵďůǇ ĂŶĚ ƚĞƐƟŶŐ ĂƌĞ Ăůů ƉŚĂƐĞƐ ĐĂƌƌŝĞĚ ŽƵƚ ŝŶ ŽƵƌ ŚĞĂĚƋƵĂƌƚĞƌƐ ŝŶ ƌŽƐŝŽ ĚĞůůĂ sĂůůĞ͕ ǁŚŝůĞ ŽƚŚĞƌ ŽŵƉĂŶŝĞƐ͕ ĂůǁĂǇƐ ŽŶ ƚŚĞ /ƚĂůŝĂŶ ƚĞƌƌŝƚŽƌǇ ĂŶĚ ŽĨ ǁŚŝĐŚ /Dd /ŶƚĞƌŵĂƚŽ ^͘Ɖ͘ ͘ ŝƚ ŝƐ ƚŚĞ ŵŽƚŚĞƌ ĐŽŵƉĂŶǇ͕ ƌĞĂůŝǌĞ ĂŶĐŝůůĂƌǇ ŵĂĐŚŝŶŝŶŐ ĂŶĚ ƐŽŵĞ ŬĞǇ ĐŽŵƉŽŶĞŶƚƐ͘ KƵƌ ƉƌŽĚƵĐƚƐ ĂƌĞ ƚŚĞƌĞĨŽƌĞ ĨƵůůǇ ŵĂĚĞ ŝŶ /ƚĂůǇ͘ dŚĞ ŝŶƚĞƌŶĂƟŽŶĂů ƉƌĞƐĞŶĐĞ ŝƐ ŐƵĂƌĂŶƚĞĞĚ ďǇ ŽƵƌ ƐĞƌǀŝĐĞ ĂŶĚ ƐƉĂƌĞ ƉĂƌƚƐ ƉŽŝŶƚƐ͕ ĚŝƌĞĐƚůǇ ŵĂŶĂŐĞĚ ďǇ ƵƐ ;/ŶĚŽŶĞƐŝĂ ĂŶĚ 'ĞƌŵĂŶǇͿ Žƌ ƚŚƌŽƵŐŚ ŽƵƌ ĐůŽƐĞ ĐŽůůĂďŽƌĂƚŽƌƐ͕ ĞƐƉĞĐŝĂůůǇ ŝŶ ^ŚĂŶŐŚĂŝ͕ ŚŝŶĂ͕ ǁŚĞƌĞ ǁĞ ŚĂǀĞ Ă ůŽŶŐͲ ƐƚĂŶĚŝŶŐ ĐŽͲŽƉĞƌĂƟŽŶ ǁŝƚŚ ŚŝŐŚůǇ ƋƵĂůŝĮĞĚ dĞĐŚŶŝĐŝĂŶƐ ĂŶĚ ƐƉĂƌĞ ƉĂƌƚƐ ǁĂƌĞŚŽƵƐĞ͘ tĞ ĂƌĞ ƚŚĞƌĞĨŽƌĞ ĂďůĞ ƚŽ ŽƉĞƌĂƚĞ ƋƵŝĐŬůǇ ŽŶ ƚŚĞ ĮǀĞ ĐŽŶƟŶĞŶƚƐ͕ ďŽƚŚ ǁŝƚŚ ƌĞĨĞƌĞŶĐĞ ƚŽ ŵĂŝŶƚĞŶĂŶĐĞ ŝŶƚĞƌǀĞŶƟŽŶƐ ĂŶĚ ĨŽƌ ƚŚĞ ƐƵƉƉůǇ ŽĨ ƐƉĂƌĞ ƉĂƌƚƐ͘ dŽĚĂǇ /Dd /ŶƚĞƌŵĂƚŽ ^͘Ɖ͘ ͘ ŝƐ Ă ^ƵƉƉůŝĞƌ ŽĨ ĐŽŵƉůĞƚĞ ƚƵƌŶŝŶŐ ƐŽůƵƟŽŶƐ͕ ĂďůĞ ƚŽ ĂƐƐŝƐƚ ƚŚĞ ƵƐƚŽŵĞƌ ŝŶ ƚŚĞ ĚĞĮŶŝƟŽŶ ŽĨ ƚŚĞ ƚĞĐŚŶŝĐĂů ƐƉĞĐŝĮĐĂƟŽŶƐ ĂŶĚ ƚŽ ƉƌŽƉŽƐĞ Ă ƌĂŶŐĞ ŽĨ ƚĂŝůŽƌͲŵĂĚĞ ƉƌŽĚƵĐƚƐ͕ ďǇ ĞŶƐƵƌŝŶŐ Ăƚ ƚŚĞ ƐĂŵĞ ƟŵĞ ŚŝŐŚ ƉƌŽĚƵĐƟǀŝƚǇ ǁŝƚŚ ŚŝŐŚ ƋƵĂůŝƚǇ ƐƚĂŶĚĂƌĚƐ͘ ůƚŚŽƵŐŚ ŵĂŝŶƚĂŝŶŝŶŐ ŝƚƐ ĐŽƌĞ ďƵƐŝŶĞƐƐ ŝŶ ƚŚĞ ĮĞůĚ ŽĨ

ůŝŐŚƚ ĂůůŽǇ ǁŚĞĞů ŵĂĐŚŝŶŝŶŐ͕ ƚŚĞ ƉƌŽĚƵĐƟŽŶ ŽĨ /Dd /ŶƚĞƌŵĂƚŽ ^͘Ɖ͘ ͘ ǀĞƌƟĐĂů ůĂƚŚĞƐ ŝƚ ŝƐ ĂŝŵĞĚ Ăƚ ƚŚĞ ǀĂƌŝŽƵƐ ƉƌŽĚƵĐƟŽŶ ƐĞĐƚŽƌƐ͗ ĂƵƚŽŵŽƟǀĞ͕ ĂĞƌŽƐƉĂĐĞ͕ ƌĂŝůǁĂǇ͕ ŚĞĂǀǇ ŵĞĐŚĂŶŝĐƐ͕ Žŝů Θ ŐĂƐ͕ ŶƵĐůĞĂƌ ĂŶĚ ĞŶĞƌŐĞƟĐ ĮĞůĚƐ͕ ǁŝƚŚ ƐŽůƵƟŽŶƐ ĨŽƌ ƉŝĞĐĞƐ ĨƌŽŵ Ă ĨĞǁ ƚĞŶƐ ŽĨ ŵŝůůŝŵĞƚĞƌƐ ŽĨ ĚŝĂŵĞƚĞƌ ƵƉ ƚŽ ϲ ŵĞƚĞƌƐ ĂŶĚ ŵŽƌĞ͘ tĞ ŽīĞƌ ƐĞǀĞƌĂů ƐĞƌŝĞƐ ŽĨ ŵĂĐŚŝŶĞƐ͕ ĞĂĐŚ ŽĨ ǁŚŝĐŚ ĚĞǀĞůŽƉĞĚ ĨŽƌ Ă ƐƉĞĐŝĮĐ ƐĞĐƚŽƌ͘ dŚĞ :t ĂŶĚ Zt ƐĞƌŝĞƐ ĂƌĞ ĚĞƐƟŶĞĚ ƚŽ ƚŚĞ ŵĂĐŚŝŶŝŶŐ ŽĨ ƚŚĞ ůŝŐŚƚ ĂůůŽǇ ǁŚĞĞůƐ ĂŶĚ ƚŚĞǇ ĂƌĞ ƐƚƵƌĚǇ͕ ĨĂƐƚ͕ ƌĞůŝĂďůĞ ĂŶĚ ƉƌĞĐŝƐĞ ŵĂĐŚŝŶĞƐ͕ ďŽƌŶ ĨƌŽŵ ƚŚĞ ĐŽŶƐƚĂŶƚ ĚĞǀĞůŽƉŵĞŶƚ ĂŶĚ ĨƌŽŵ ƚŚĞ ŽǀĞƌ ƚŚŝƌƚǇ ǇĞĂƌƐ ŽĨ ĞǆƉĞƌŝĞŶĐĞ ŽĨ /Dd /ŶƚĞƌŵĂƚŽ͘ ^ƵŵŵĂƌǇ ŽĨ ƚŚĞ ƉƌŽĚƵĐƟŽŶ ĨŽƌ ƚŚŝƐ ƐĞĐƚŽƌ ĂƌĞ ŽƵƌ ĂƵƚŽŵĂƚĞĚ ƉƌŽĚƵĐƟŽŶ ĐĞůůƐ͕ ǁŚĞƌĞ ƚŚĞ ĐŽŵďŝŶĂƟŽŶ ŽĨ ŚŝŐŚ ƉĞƌĨŽƌŵĂŶĐĞ ŵĂĐŚŝŶĞƐ͕ ĂƵƚŽŵĂƟŽŶƐ ĚĞǀĞůŽƉĞĚ ďǇ ƵƐ ĂŶĚ ĂĚǀĂŶĐĞĚ ƉƌŽĐĞƐƐ ŵĂŶĂŐĞŵĞŶƚ͕ ĂůůŽǁ ƵƐ ƚŽ ĂĐŚŝĞǀĞ ƐƵƌƉƌŝƐŝŶŐ ƌĞƐƵůƚƐ ŝŶ ƚĞƌŵƐ ŽĨ ƉƌŽĚƵĐƟǀŝƚǇ͕ ƋƵĂůŝƚǇ ĂŶĚ ŇĞǆŝďŝůŝƚǇ͘ &Žƌ ƚŚĞ ĂƵƚŽŵŽƟǀĞ ƐĞĐƚŽƌ͕ ƚŚĞ ŵĂĐŚŝŶĞƐ ŽĨ sZ ƐĞƌŝĞƐ ŚĂǀĞ ďĞĞŶ ĚĞǀĞůŽƉĞĚ͘ dŚĞǇ ĂƌĞ ǀĞƌƟĐĂů ůĂƚŚĞƐ ǁŝƚŚ ĐĂƉĂĐŝƚǇ ƵƉ ƚŽ ĂƌŽƵŶĚ ϰϬϬ ŵŵ ŽĨ ĚŝĂŵĞƚĞƌ͕ ǁŝƚŚ ƉŽƐƐŝďŝůŝƚǇ ŽĨ ƐĞůĨͲůŽĂĚŝŶŐ ĐŽŶĮŐƵƌĂƟŽŶ͕ ĨŽƌ ƚƵƌŶŝŶŐ͛Ɛ ŵĂĐŚŝŶŝŶŐ ĂŶĚ ƉŽƐƐŝďůĞ ĚƌŝůůŝŶŐͬŵŝůůŝŶŐ ŽƉĞƌĂƟŽŶƐ ŽĨ ƚŚĞ ǀĂƌŝŽƵƐ ĐŽŵƉŽŶĞŶƚƐ ƐƵĐŚ ĂƐ ďĞĂƌŝŶŐƐ͕ ǁŚĞĞů ŚƵďƐ͕ ďƌĂŬĞƐ͕ ŇǇǁŚĞĞůƐ ĂŶĚ ĐůƵƚĐŚĞƐ͘ Ǉ ŝŶĐƌĞĂƐŝŶŐ ŝŶ ƐŝǌĞ͕ ǁĞ ŵĞĞƚ ƚŚĞ s> ƐĞƌŝĞƐ ǁŝƚŚ ƚŚĞ ůĂƚŚĞƐ ŵŽĚĞů s>ϴ͕ s>ϱϬ ĂŶĚ s>ϲϬ ĚĞĚŝĐĂƚĞĚ ƚŽ ƚŚĞ ŵĂĐŚŝŶŝŶŐ ŝŶ ǀĂƌŝŽƵƐ ĂƉƉůŝĐĂƟŽŶ ƐĞĐƚŽƌƐ ŽĨ ƐƚĞĞů ĂŶĚ ŽƚŚĞƌ ŵĞƚĂůƐ͕ ǁŝƚŚ Ă ƚƵƌŶŝŶŐ ĐĂƉĂĐŝƚǇ ƵƉ ƚŽ ϭϮϬϬ ŵŵ ĂŶĚ ĐŽŶĮŐƵƌĂƟŽŶƐ ǁŝƚŚ ƚƵƌƌĞƚ Žƌ ŚĞĂĚ͘ /Ŷ ƚŚĞ ƐĂŵĞ ƌĂŶŐĞ ŽĨ ĚŝŵĞŶƐŝŽŶƐ͕ ǁĞ ŚĂǀĞ ƚŚĞ ŵĂĐŚŝŶĞƐ ŽĨ ƚŚĞ ^ ĂŶĚ W ƐĞƌŝĞƐ͕ ƚŽƚĂůůǇ ŵŽĚƵůĂƌ ĂŶĚ ĐƵƐƚŽŵŝǌĂďůĞ͕ ƚŚĂƚ ĐĂŶ ďĞ ĚĞƐŝŐŶĞĚ ĂŶĚ ŵĂŶƵĨĂĐƚƵƌĞĚ ĂĐĐŽƌĚŝŶŐ ƚŽ ƚŚĞ

ƐƉĞĐŝĮĐ ƌĞƋƵŝƌĞŵĞŶƚƐ ŽĨ ŽƵƌ ƵƐƚŽŵĞƌƐ͕ ďǇ ƐƵƉƉůǇŝŶŐ Ă ŚŝŐŚ ƉĞƌĨŽƌŵĂŶĐĞ ƉƌŽĚƵĐƚ͘ /Ŷ ƚŚĞ ƐĞĐƚŽƌ ŽĨ ƚŚĞ ďŝŐ ǀĞƌƟĐĂů ůĂƚŚĞƐ͕ ǁĞ ŚĂǀĞ ĚĞǀĞůŽƉĞĚ ƚŚĞ ŵŽŶŽͲĐŽůƵŵŶ ŽĨ EdD ƐĞƌŝĞƐ ĂŶĚ ĚŽƵďůĞͲĐŽůƵŵŶ ŽĨ s D ƐĞƌŝĞƐ ǁŝƚŚ ĐĂƉĂĐŝƚǇ ƌĞƐƉĞĐƟǀĞůǇ ƵƉ ƚŽ Ϯ ŵĞƚĞƌƐ ĂŶĚ ƵƉ ƚŽ ϲ ŵĞƚĞƌƐ ĂŶĚ ŵŽƌĞ ǁŝƚŚ ŵŽďŝůĞ ĐƌŽƐƐƌĂŝů ĂŶĚ ŚǇĚƌŽƐƚĂƟĐ ŵŽǀĞŵĞŶƚƐ͘ dŚĞƐĞ ŵĂĐŚŝŶĞƐ ĂůƐŽ͕ ĐĂŶ ďĞ ĐƵƐƚŽŵŝǌĞĚ ǁŝƚŚ ŵƵůƟƉůĞ ĐŽŶĮŐƵƌĂƟŽŶƐ ĂŶĚ ĂĐĐĞƐƐŽƌŝĞƐ͕ ƐƵĐŚ ĂƐ ƉĂůůĞƚ ĞǆĐŚĂŶŐĞ ƐǇƐƚĞŵƐ͕ ƚŽŽůƐ ŵĂŐĂǌŝŶĞ͕ ĚŽƵďůĞ ƌĂŵ͕ ǀĞƌƐŝŽŶƐ ĨŽƌ ŵŝůůŝŶŐ ŽƉĞƌĂƟŽŶ͕ ŐƌŝŶĚŝŶŐ ŽƉĞƌĂƟŽŶ͕ ĂŶŐƵůĂƌ ŚĞĂĚƐ ĂŶĚ ƐŽ ŽŶ͘

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IMT INTERMATO

dŚĞ ƉŽƐƐŝďŝůŝƚǇ ŽĨ ĐƵƐƚŽŵŝǌĂƟŽŶƐ ĂůůŽǁƐ ĨŽƌ ŚĂǀŝŶŐ Ă ǁŝĚĞ ƌĂŶŐĞ ŽĨ ƉƌŽĚƵĐƚƐ ƚŚĂƚ ĂƌĞ ǁĞůů ƐƵŝƚĞĚ ƚŽ ƚŚĞ ŵŽƐƚ ǀĂƌŝĞĚ ŶĞĞĚƐ ŽĨ ƚŚĞ ǀĂƌŝŽƵƐ ƉƌŽĚƵĐƟǀĞ ƐĞĐƚŽƌƐ͕ ǁŚŝĐŚ ŝŶ ƐŽŵĞ ĐĂƐĞƐ ƌĞƋƵŝƌĞ ůĂƌŐĞ ƉŽǁĞƌƐ ĂŶĚ ĐŽŶƐŝĚĞƌĂďůĞ ƌĞŵŽǀĂů ĐĂƉĂĐŝƚǇ ĂŶĚ͕ ŽŶ ƚŚĞ ŽƚŚĞƌ ŚĂŶĚ͕ ŝŶ ŽƚŚĞƌ ĂƉƉůŝĐĂƟŽŶƐ͕ ƌĞƋƵŝƌĞ ĞǆƚƌĞŵĞ ƉƌĞĐŝƐŝŽŶƐ ĂŶĚ ĂĚǀĂŶĐĞĚ ƚĞĐŚŶŽůŽŐŝĞƐ͘ dŚĞ ĐŽŵŵŽŶ ĚĞŶŽŵŝŶĂƚŽƌ ŽĨ Ăůů ƚŚĞ ŵĂĐŚŝŶĞƐ ŝƐ ƚŚĞ ƉŚŝůŽƐŽƉŚǇ ŽĨ /Dd /ŶƚĞƌŵĂƚŽ͗ ƚƵƌŶŬĞǇ ƐŽůƵƟŽŶƐ ƐƉĞĐŝĮĐĂůůǇ ĚĞƐŝŐŶĞĚ ĨŽƌ ƚŚĞ ƵƐƚŽŵĞƌ͕ ǁŚŝĐŚ ĂůůŽǁ ƚŚĞ ĂĐŚŝĞǀĞŵĞŶƚ ŽĨ ŚŝŐŚ ƉƌŽĚƵĐƟŽŶ ŽďũĞĐƟǀĞƐ ĐŽŵďŝŶĞĚ ǁŝƚŚ ŚŝŐŚ ƋƵĂůŝƚǇ͘

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

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FEMM

Italian manufacturer specialized in metal and plastic components and accessories for metal can industry

& DD ŝƐ ĂŶ /ƚĂůŝĂŶ ŵĂŶƵĨĂĐƚƵƌĞƌ ƐƉĞĐŝĂůŝǌĞĚ ŝŶ ŵĞƚĂů ĂŶĚ ƉůĂƐƟĐ ĐŽŵƉŽŶĞŶƚƐ ĂŶĚ ĂĐĐĞƐƐŽƌŝĞƐ͕ ƚĂƌŐĞƚĞĚ Ăƚ ƚŚĞ ƉĂĐŬĂŐŝŶŐ ŝŶĚƵƐƚƌǇ ;ŐĞŶĞƌĂů ůŝŶĞ ĨŽƌ ĐŚĞŵŝĐĂů ƉƌŽĚƵĐƚƐ͕ ůƵďƌŝĐĂŶƚƐ ĂŶĚ ƉĂŝŶƚƐͿ͘ dŚƌŽƵŐŚ ŝƚƐ ϰϬ ǇĞĂƌƐ ůŽŶŐ ŚŝƐƚŽƌǇ͕ ƚŚĞ ĐŽŵƉĂŶǇ ŚĂƐ ďĞĐŽŵĞ Ă ƌĞĨĞƌĞŶĐĞ ĨŽƌ ƚŚĞ ŝŶĚƵƐƚƌǇ͘ WƌŽǀŝĚĞĚ ǁŝƚŚ Ă ďĂĐŬŐƌŽƵŶĚ ŝŶ ƚŚĞ ƟŶ ĐĂŶƐ ŵĂŶƵĨĂĐƚƵƌĞ ƐĞĐƚŽƌ͕ ƚŚĞ ĨŽƵŶĚĞƌ ŵŝůŝŽ 'ĂŶĂƉŝŶŝ ƌĞĂůŝǌĞĚ ƐŽŽŶ ŚŽǁ ƐƚƌĂƚĞŐŝĐĂů ĐŽƵůĚ ŚĂǀĞ ďĞĞŶ ĂŶ ŽīĞƌ ŽĨ ƉƌŽĚƵĐƚƐ ĂŶĚ ƐĞƌǀŝĐĞƐ ĐƵƐƚŽŵŝǌĞĚ ŽŶ ƚŚĞ ŶĞĞĚƐ ŽĨ ƚŚĞ ŵĞƚĂů ƉĂĐŬĂŐŝŶŐ ŝŶĚƵƐƚƌǇ͘ &ƌŽŵ ƚŚĞƌĞ ŚĞ ĚĞĐŝĚĞĚ ƚŽ ƐƚĂƌƚ ŚŝƐ ŽǁŶ ďƵƐŝŶĞƐƐ͕ ĂůŽŶŐƐŝĚĞ Ă ĨĞǁ ƐĞůĞĐƚĞĚ ƉĂƌƚŶĞƌƐ͘ dŚĞ ŽƌŝŐŝŶĂů ƚĞĂŵ ŝƐ ƐƟůů ĂĐƟǀĞ ŝŶ ƚŚĞ ĐŽŵƉĂŶǇ͕ ĂƐƐŝƐƟŶŐ ƚŚĞ ͚ƐĞĐŽŶĚ ŐĞŶĞƌĂƟŽŶ͛ ƚŚĂƚ ŚĂƐ ŶŽǁĂĚĂǇƐ ƚĂŬĞŶ ƚŚĞ ƌĞŝŶƐ Ăƚ ƚŚĞ ŚĞĂĚ ŽĨ ƚŚĞ ĐŽŵƉĂŶǇ͘

tĞ ƐƵƉƉůǇ Ă ǁŝĚĞ ƌĂŶŐĞ ŽĨ ŝƚĞŵƐ͕ ƐƉƌĞĂĚŝŶŐ ĨƌŽŵ ǁŝƌĞ ŚĂŶĚůĞƐ͕ ƚŽ ǁĞůĚŝŶŐ ƉůĂƚĞƐ ;ĐŽƵƉůŝŶŐƐ ĂŶĚ ĐůŝƉƐͿ͕ ĞĂƌůƵŐƐ͕ ƌŝǀĞƚƐ͕ ďŽƚŚ ŝŶũĞĐƚĞĚ ĂŶĚ ĞǆƚƌƵĚĞĚ ƉůĂƐƟĐ ŚĂŶĚůĞƐ͕ ƐĞĂůŝŶŐ ƌŝŶŐƐ͕ ǁŚŝĐŚ Ăůů ƐƵŝƚ ƚŽ ƟŶ ƉůĂƚĞ ͬ ďůĂĐŬ ƐƚĞĞů ĐĂŶƐ͕ ƉĂŝůƐ ĂŶĚ ĚƌƵŵƐ͘ KƵƌ ŝŶƚĞƌŶĂů ƉƌŽĐĞƐƐĞƐ ĂƌĞ ĐĞƌƚŝĨŝĞĚ ĂĐĐŽƌĚŝŶŐ ƚŽ /^K ϵϬϬϭ ƌĞŐƵůĂƚŝŽŶ͘ EŽŶĞƚŚĞůĞƐƐ͕ ŽƵƌ ĞĨĨŽƌƚ ƚŽ ĐŽŵƉůǇ ǁŝƚŚ ĐƵƐƚŽŵĞƌ ŶĞĞĚƐ ŐŽĞƐ ĨƵƌƚŚĞƌ͘ tĞ ƵŶĐĞĂƐŝŶŐůǇ ƐƚƌŝǀĞ ƚŽ ĞŶŚĂŶĐĞ ƚŚĞ ůĞǀĞů ŽĨ ƉĞƌĨŽƌŵĂŶĐĞ ŝŶ ƚĞƌŵƐ ŽĨ ƐƵƉƉŽƌƚ ŽĨĨĞƌĞĚ ƚŽ ŽƵƌ ĐůŝĞŶƚƐ͘ ,ŝŐŚ ĚĞŐƌĞĞ ŽĨ ƌĞůŝĂďŝůŝƚǇ͕ ƌĞƐƉĞĐƚ ŽĨ ƌĞƋƵĞƐƚĞĚ ĚĞĂĚůŝŶĞƐ͕ ĨůĞǆŝďŝůŝƚǇ ŝŶ ůŽŐŝƐƚŝĐ͕ ƉƌŽŵƉƚ ŝŶĨŽƌŵĂƚŝŽŶ ĨůŽǁ ŝƐ ĂŵŽŶŐ ŽƵƌ ĚŝƐƟŶŐƵŝƐŚŝŶŐ ƉůƵƐĞƐ͘ &Žƌ ŵŽƌĞ ŝŶĨŽƌŵĂƟŽŶ͗ ǁǁǁ͘ĨĞŵŵ͘ŝƚ ͮ ŝŶĨŽΛĨĞŵŵ͘ŝƚ

ōrǻ ĵ ŗ^ ƻĵ ǢǻÝN ƻ Nħ µÝŗµ NŷōƻŷŗrŗǻǢ ō ŗȕ® NǻȕǊrǊ

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

METAL AND PLASTIC PACKAGING COMPONENTS MANUFACTURER

• perfect integration with the customers’ supply chain • excellent reactivity time and fast delivery service • empathetic and proactive customer service • high-quality standards • ISO 9001 process certiﬁcation • product customization upon request • acknowledged partner of the world's leading manufacturers of industrial packaging machinery

FEMM s.r.l. Via don P. Borghi, 1 - Z.I. Ovest 42025 Cavriago (RE) - Italy Phone: +39.0522.371332 e-mail: info@femm.it website: www.femm.it

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CONSORZIO INDUSTRIALE LUCANO

CIL provide goods and services to companies operating in petrochemical and industrial sectors

/Ŷ ϮϬϬϵ ǁĂƐ ďŽƌŶ ƚŚĞ /ŶĚƵƐƚƌŝĂů ŽŶƐŽƌƟƵŵ >ƵĐĂŶŽ ;ŚĞƌĞŝŶĂŌĞƌ ƌĞĨĞƌƌĞĚ ƚŽ ĂƐ />Ϳ͕ ƚŚĞ ƵŶŝŽŶ ŽĨ ĐŽŵƉĂŶŝĞƐ ŽƉĞƌĂƟŶŐ ŝŶ ĚŝīĞƌĞŶƚ ƐĞĐƚŽƌƐ͕ ƚŚĞ ƐƚƌŽŶŐ ƉŽŝŶƚ ŝƐ ďĞŝŶŐ ĂďůĞ ƚŽ ŽīĞƌ͕ ĂĚĚƌĞƐƐŝŶŐ Ă ƐŝŶŐůĞ ƐƵďũĞĐƚ͕ ƚŚĞ ŶĞĐĞƐƐĂƌǇ ƉƌŽĨĞƐƐŝŽŶĂůŝƐŵ ŝŶ Ăůů ĮĞůĚƐ͕ ƚŽ ĐŽŵƉĂŶŝĞƐ ŽƉĞƌĂƟŶŐ ŝŶ ƚŚĞ ƉĞƚƌŽĐŚĞŵŝĐĂů ĂŶĚ ŝŶĚƵƐƚƌŝĂů ƐĞĐƚŽƌƐ͘

ŝŶĚƵƐƚƌŝĂů ͬ ƌĞƐŝĚĞŶƟĂů ďƵŝůĚŝŶŐƐ͖ ĚƌŝůůŝŶŐ͖ ŵŝĐƌŽƉŝůĞƐ͕ ĞůĞĐƚƌŝĐĂů͕ ŝŶƐƚƌƵŵĞŶƚĂů ĂŶĚ ĂƵƚŽŵĂƟŽŶ͖ ƉƌĞĐŝƐŝŽŶ ŵĞĐŚĂŶŝĐƐ͖ ĐŽůůĞĐƟŽŶ͕ ƚƌĂŶƐƉŽƌƚ͕ ĚŝƐƉŽƐĂů ŽĨ ƐƉĞĐŝĂů ĂŶĚ ŚĂǌĂƌĚŽƵƐ ůŝƋƵŝĚ ǁĂƐƚĞ͕ ĐůĞĂŶŝŶŐ ƵƉ ͬ ĐŽŵŵŝƐƐŝŽŶŝŶŐ ƐĂĨĞƚǇ ŽĨ ĐŽŶƚĂŵŝŶĂƚĞĚ ƐŝƚĞƐ ǁŝƚŚ ĂƩĂĐŚĞĚ ĞŶǀŝƌŽŶŵĞŶƚĂů ƌĞƐƚŽƌĂƟŽŶ͖ &ŝƌĞ ŝŶĚƵƐƚƌŝĂů ƐƵƉƉůǇ͕ ĮƌĞ ĞǆƟŶŐƵŝƐŚĞƌƐ͕ ƚĞĐŚŶŝĐĂů ŐĂƐĞƐ͕ ǀĂůǀĞƐ͕ ƐĞĂůƐ͕ ĮůƚĞƌƐ͕ ĐŚĞŵŝĐĂůƐ͕ ŐĞŶĞƌĂů dŚĞ ĂĐƟǀŝƟĞƐ ŽīĞƌĞĚ ĂƌĞ͗ ŶŐŝŶĞĞƌŝŶŐ Θ DĂŶĂŐĞŵĞŶƚ ƉĞƚƌŽĐŚĞŵŝĐĂů ŝŶĚƵƐƚƌŝĂů ƐƵƉƉůǇ͘ ^ĞƌǀŝĐĞ ŝŶ Ă ǁŝĚĞ ƌĂŶŐĞ ŽĨ ĞŶŐŝŶĞĞƌŝŶŐ ƐĞĐƚŽƌƐ ƐƵĐŚ dŚĞ ͘/͘>͘ /ƚ ĐĞƌƟĮĞĚ ĨŽƌ ƋƵĂůŝƚǇ ĐŽŵƉĂŶŝĞƐ ĂĐĐŽƌĚŝŶŐ ƚŽ ĂƐ ďƵŝůĚŝŶŐ ;Đŝǀŝů ĂŶĚ ŝŶĚƵƐƚƌŝĂůͿ͕ ŝŶĨƌĂƐƚƌƵĐƚƵƌĞ͕ ƉůĂŶƚ /^K ϵϬϬϭ͗ ϮϬϭϱ͘ ĞŶŐŝŶĞĞƌŝŶŐ ĂŶĚ ĞŶĞƌŐǇ ;Kŝů Θ 'ĂƐ ƐƉĞĐŝĂůŝƐƚƐͿ͕ ŝŶĚƵƐƚƌŝĂů ^ƵƉƉůŝĞƐ͕ ƉŝƉŝŶŐ͕ ĮƫŶŐƐ͕ ĂŶĚ ĞůĞĐƚƌŝĐĂů ŝŶƐƚƌƵŵĞŶƚĂƟŽŶ͖ ŽŶƐŽƌǌŝŽ /ŶĚƵƐƚƌŝĂůĞ >ƵĐĂŶŽ ĚƌŝůůŝŶŐ ĂŶĚ ǁŽƌŬŽǀĞƌ ƌŝŐƐ͖ ŝŶƐƚĂůůĂƟŽŶƐ ƚƌĞĂƚŵĞŶƚ ŽĨ DĂŝů͗ ŝŶĨŽΛĐŽŶƐŽƌǌŝŽŝŶĚƵƐƚƌŝĂůĞůƵĐĂŶŽ͘ĐŽŵ ƉƌŽĐĞƐƐ ǁĂƚĞƌ͖ ǁĂƐƚĞǁĂƚĞƌ ƚƌĞĂƚŵĞŶƚ ƉůĂŶƚƐ͖ ŐĞŽůŽŐŝĐĂů WĞĐ͗ ŝŶĨŽΛƉĞĐ͘ĐŽŶƐŽƌǌŝŽŝŶĚƵƐƚƌŝĂůĞůƵĐĂŶŽ͘ĐŽŵ ƐƵƌǀĞǇƐ͖ ŵĞĐŚĂŶŝĐĂů ĂƐƐĞŵďůǇ ĂŶĚ ŵĂŝŶƚĞŶĂŶĐĞ͖ tĞď͗ ǁǁǁ͘ĐŽŶƐŽƌǌŝŽŝŶĚƵƐƚƌŝĂůĞůƵĐĂŶŽ͘ĐŽŵ

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

CONSORZIO INDUSTRIALE LUCANO

NEWS

INDUSTRIAL TECHNOLOGY

OIL AND GAS, PETROCHEMICAL, AUTOMATION

NEWS

ENI ADDITIVES

(QL /XEH $GGLWLYHV a smart choice for \RXU EXVLQHVV Ŷŝ ŽƉĞƌĂƚĞƐ ŝŶ ƚŚĞ >ƵďƌŝĐĂŶƚƐ ĂŶĚ ĚĚŝƟǀĞƐ ŵĂƌŬĞƚ ƚŚƌŽƵŐŚ ĂŶ ŝŶƚĞŐƌĂƚĞĚ ĐǇĐůĞ ŝŶĐůƵĚŝŶŐ ZĞƐĞĂƌĐŚ Θ ĞǀĞůŽƉŵĞŶƚ ŽĨ ĚĚŝƟǀĞƐ ĂŶĚ ƚŚĞŝƌ ƉƌŽĚƵĐƟŽŶ͕ ŵĂŶƵĨĂĐƚƵƌŝŶŐ ŽĨ ďĂƐĞ ƐƚŽĐŬƐ͕ ZĞƐĞĂƌĐŚ ĂŶĚ ĞǀĞůŽƉŵĞŶƚ ŽĨ ƐĞǀĞƌĂů ĚŝīĞƌĞŶƚ ƌĂǁ ŵĂƚĞƌŝĂůƐ ĂŶĚ ůƵďƌŝĐĂŶƚƐ ĚĞǀĞůŽƉŵĞŶƚ ĂŶĚ ƚŚĞŝƌ ƉƌŽĚƵĐƟŽŶ ŝŶ Ŷŝ ďůĞŶĚŝŶŐ ƉůĂŶƚƐ͘ Ŷŝ ĂĚĚŝƟǀĞƐ ĂƌĞ ƉƌŽĚƵĐĞĚ Ăƚ ƚŚĞ ZŽďĂƐƐŽŵĞƌŽ ƉůĂŶƚ ƉůĂĐĞĚ ŝŶ ƚŚĞ ;EŽƌƚŚǁĞƐƚ ŽĨ /ƚĂůǇͿ ǁŚŝĐŚ ŵĞĞƚƐ ǀĞƌǇ ŚŝŐŚ ƉƌŽĚƵĐƟŽŶ ƋƵĂůŝƚǇ ƐƚĂŶĚĂƌĚƐ ;hE/ E /^K ϵϬϬϭͿ ŚĞĂůƚŚ Θ ƐĂĨĞƚǇ ;K,^ ^ ϭϴϬϬϭ͗ϮϬϬϳͿ ĂŶĚ ĞŶǀŝƌŽŶŵĞŶƚĂů ;hE/ E /^K ϭϰϬϬϭͿ ŽŶĞƐ͘ ĚĚŝƟǀĞ ƉĂĐŬĂŐĞƐ ĂŶĚ ƌĞůĂƚĞĚ ůƵďƌŝĐĂŶƚƐ ĂƌĞ ĚĞǀĞůŽƉĞĚ ŝŶ ĐŽŵƉůŝĂŶĐĞ ǁŝƚŚ ĂŶĚ d/ > ĐŽĚĞƐ ŽĨ ƉƌĂĐƟĐĞ͘ Ŷŝ ŽīĞƌƐ Ă ǁŝĚĞ ƐĞƚ ŽĨ ůƵďƌŝĐĂŶƚ ĂĚĚŝƟǀĞƐ ĨƌŽŵ ƐŝŶŐůĞ ĐŽŵƉŽŶĞŶƚƐ ; ĞƚĞƌŐĞŶƚƐ͕ ŝƐƉĞƌƐĂŶƚƐ͕ sŝƐĐŽƐŝƚǇ DŽĚŝĮĞƌƐ ĂŶĚ WŽƵƌ WŽŝŶƚ ĞƉƌĞƐƐĂŶƚƐͿ ƚŽ ĂĚĚŝƟǀĞ ƉĂĐŬĂŐĞƐ ;WĂƐƐĞŶŐĞƌ Ăƌ ĂŶĚ ,ĞĂǀǇ ƵƚǇ DŽƚŽƌ KŝůƐ͕ DŽƚŽƌĐǇĐůĞ͕ DĂƌŝŶĞ ĂŶĚ /ŶĚƵƐƚƌŝĂů ůƵďƌŝĐĂŶƚƐͿ͘ Ŷŝ ĂĚĚŝƟǀĞ ƉĂĐŬĂŐĞƐ ŵĞĞƚ ƚŚĞ ŵŽƐƚ ƵƉĚĂƚĞĚ ƵƌŽƉĞĂŶ ; ϮϬϭϲͿ ĂŶĚ ǁŽƌůĚǁŝĚĞ ; W/ ^E͕ />^ '&ͲϱͿ ƐƉĞĐŝĮĐĂƟŽŶƐ ĂŶĚ ƚŚĞǇ ĂƌĞ ĐŽŶƐƚĂŶƚůǇ ƌĞǀŝƐĞĚ ƚŚĂŶŬƐ ƚŽ Ŷŝ͛Ɛ ŽǁŶ ZĞƐĞĂƌĐŚ Θ ĞǀĞůŽƉŵĞŶƚ >ĂďŽƌĂƚŽƌŝĞƐ ďĂƐĞĚ ŝŶ DŝůĂŶ͕ /ƚĂůǇ ǁŚĞƌĞ ŶĞǁ ƚĞĐŚŶŽůŽŐŝĞƐ ĂƌĞ ƐƚƵĚŝĞĚ ĂŶĚ ĚĞǀĞůŽƉĞĚ ƵƐŝŶŐ ƚŚĞ ŵŽƐƚ ŝŶŶŽǀĂƟǀĞ ŵĞƚŚŽĚŽůŽŐŝĞƐ ĂŶĚ ƚĞƐƚƐ͘ dŚĞ ŶƵŵĞƌŽƵƐ ƉĂƚĞŶƚƐ ĂŶĚ ƉƌĞƐĞŶƚĂƟŽŶƐ ŝŶ ƚŚĞ ŵŽƐƚ ŝŵƉŽƌƚĂŶƚ ƐǇŵƉŽƐŝĂ ƉƌŽǀĞ ƚŚĞ ĐŽŶƟŶƵŽƵƐ ĐŽŵŵŝƚŵĞŶƚ ŽĨ Ŷŝ ŝŶ ƚŚĞ ůƵďƌŝĐĂŶƚƐ ƐĞĐƚŽƌ͘

&Žƌ ŵŽƌĞ ŝŶĨŽƌŵĂƟŽŶ ƉůĞĂƐĞ ĐŽŶƚĂĐƚ ŽƵƌ ƐĂůĞƐ ĚĞƉĂƌƚŵĞŶƚ Ăƚ ĞŶŝĂĚĚŝƟǀĞƐΛĞŶŝ͘ĐŽŵ͘

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

Ŷŝ ĚĚŝƟǀĞƐ ^ĂůĞƐ ĞƉĂƌƚŵĞŶƚ ŚĂƐ ďĞĞŶ ƐĞůůŝŶŐ ůƵďĞ ĂĚĚŝƟǀĞƐ ĂŶĚ ĐŽŵƉŽŶĞŶƚƐ ƐŝŶĐĞ ϭϵϴϯ ŝŶ ŵŽƌĞ ƚŚĂŶ ϯϬ ĐŽƵŶƚƌŝĞƐ Ăůů ŽǀĞƌ ƚŚĞ ǁŽƌůĚ ŵĞĞƟŶŐ ƚŚĞ ŶĞĞĚƐ ŽĨ ďŽƚŚ ƐŵĂůů ĂŶĚ ůĂƌŐĞ ƵƐƚŽŵĞƌƐ͕ ĂĐƟŶŐ ĂƐ Ă ƌĞůŝĂďůĞ ƉĂƌƚŶĞƌ ŝŶ ĚĞǀĞůŽƉŝŶŐ ƚĂŝůŽƌͲŵĂĚĞ ƉƌŽĚƵĐƚƐ͘ &ƵƌƚŚĞƌŵŽƌĞ͕ Ŷŝ ŐƵĂƌĂŶƚĞĞƐ dĞĐŚŶŝĐĂů ĂƐƐŝƐƚĂŶĐĞ ĂŶĚ ĐƵƐƚŽŵĞƌ ĐĂƌĞ͘

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SMART PROTECTIONS

Leading company in high technical thermoplastic extrusion products and hydraulic protections ŽƌŶ ĂƐ Ă ͞ƐƉŝŶ Žī͟ ŽĨ ĂŶ ŚŝƐƚŽƌŝĐĂů /ƚĂůŝĂŶ ŵĂŶƵĨĂĐƚƵƌĞƌ ůĞĂĚĞƌ ŝŶ ƚŚĞ ĞǆƚƌƵƐŝŽŶ ŽĨ ƚŚĞƌŵŽƉůĂƐƟĐ ƚƵďŝŶŐ͕ ^ŵĂƌƚ WƌŽƚĞĐƟŽŶƐ ƐƚĂƌƚĞĚ ŝƚƐ ŵĂŶƵĨĂĐƚƵƌŝŶŐ ŽƉĞƌĂƟŽŶƐ ŝŶ DĂƌĐŚ ϮϬϭϱ ĂŶĚ ŵŽǀĞĚ ƚŽ Ă ďƌĂŶĚ ŶĞǁ ƐŝƚĞ ŝŶ :ĂŶƵĂƌǇ ϮϬϭϲ͘ ^ŵĂƌƚ WƌŽƚĞĐƟŽŶƐ ŝƐ Ă ůĞĂĚŝŶŐ ĐŽŵƉĂŶǇ ŝŶ ŵĂŶƵĨĂĐƚƵƌŝŶŐ ŚŝŐŚ ƚĞĐŚŶŝĐĂů ƚŚĞƌŵŽƉůĂƐƟĐ ĞǆƚƌƵƐŝŽŶ ƉƌŽĚƵĐƚƐ Θ ŚǇĚƌĂƵůŝĐ ƉƌŽƚĞĐƟŽŶƐ͘ dŚĞ ƚĞĐŚŶŝĐĂů ďĂĐŬŐƌŽƵŶĚ͕ ƚŚĞ ďƵŝůĚ ŝŶ ŬŶŽǁͲŚŽǁ ĂĐƋƵŝƌĞĚ ďǇ ^ŵĂƌƚ WƌŽƚĞĐƟŽŶƐ͕ ǁŝƚŚ ƉĂƌƟĐƵůĂƌ ĨŽĐƵƐ ƚŽ ƋƵĂůŝƚǇ͕ ŵĂŶƵĨĂĐƚƵƌŝŶŐ ĐĂƉĂďŝůŝƚǇ Θ ŝŶƚĞƌŶĂů ZΘ ƚĞƐƟŶŐ ůĂď͕ ĂƌĞ ƐŽŵĞ ŽĨ ƚŚĞ ƐƚƌĞŶŐƚŚ ŽĨ ƚŚŝƐ ͞ĂŐĞĚ͟ ƐƚĂƌƚƵƉ͘

dŚĞ ƌĂŶŐĞ ŽĨ ƉƌŽĚƵĐƚƐ ĨŽƌ ƉŶĞƵŵĂƟĐ ĂƉƉůŝĐĂƟŽŶƐ ŝŶĐůƵĚĞƐ dƵďŝŶŐ ŝŶ WŽůǇĂŵŝĚĞ ϭϮ͕ WŽůǇƵƌĞƚŚĂŶĞ͕ WŽůǇĞƚŚǇůĞŶĞ͕ WŽůǇĂŵŝĚĞ Θ WŽůǇƵƌĞƚŚĂŶĞ ƌĞĐŽŝůƐ Θ ĐƵƐƚŽŵ ŵĂĚĞ ƚƵďŝŶŐ ŵĂĚĞ ĂĐĐŽƌĚŝŶŐůǇ ƚŽ ĐƵƐƚŽŵĞƌ͛Ɛ requirements. dŚĞ ƌĂŶŐĞ ŽĨ ƉƌŽĚƵĐƚƐ ĨŽƌ ƚŚĞ ,ǇĚƌĂƵůŝĐ ĂƉƉůŝĐĂƟŽŶƐ ŝŶĐůƵĚĞƐ Ă ĐŽŵƉůĞƚĞ ƌĂŶŐĞ ŽĨ ƉƌŽƚĞĐƟŽŶƐ ĨŽƌ ŇĞǆŝďůĞ ŚŽƐĞƐ͘ <ŽǀĞƌƚĞĐ͕ Ă ƐƉŝƌĂů ǁƌĂƉ ĨŽƌ ĂďƌĂƐŝŽŶ ƉƌŽƚĞĐƟŽŶ͖ dĞǆƐůĞĞǀĞ͕ Ă ƚĞǆƟůĞ ƐůĞĞǀĞ ƚŽ ĐŽŶƚĂŝŶ Žŝů ƐƉŝůůƐ͖ ^ŚŝƚĞĐ Θ ^ŚŝůƚĂƉĞ͕ Ă ĮƌĞ ƉƌŽŽĨ ƐůĞĞǀĞ ŵĂĚĞ ŽĨ ĮďĞƌ ŐůĂƐƐ Θ ƐŝůŝĐŽŶ͘ DŽƐƚ ƉƌŽĚƵĐƚƐ ŝŶ ƚŚŝƐ ƌĂŶŐĞ ĂƌĞ D^, ĂƉƉƌŽǀĞĚ͘

TEXSLEEVE

TEXSLEEVE® textile sleeve

TEXWRAPTM field assembling sleeve for medium high temperatures

TEXSTRIPTM multiple hose or cable containing belts

SHILTEK

SHILTEK fiberglass, silicone coated sleeve

SHILCUT fiberglass cloth, silicone coated “flame cutting”

SHILTAPETM field wrapping fiberglass, silicone coated tape

KOVERTEC PSATM antiabrasive, plastic spiral

KOVERTEC HDTM antiabrasive, plastic spiral for “Heavy duty” applications

FLEXWRAPTM flat, plastic spiral for light applications

KOVERTEC

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

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SEALCORE

The SEALCORE Network active for many years in the production of customized articles

F.lli PARIS

dŚĞ ^ > KZ EĞƚǁŽƌŬ ŝƐ ƚŚĞ ƌĞƐƵůƚ ŽĨ ƚŚĞ ƵŶŝŽŶ ŽĨ ƐŽŵĞ ĞŶƚƌĞƉƌĞŶĞƵƌŝĂů /ƚĂůŝĂŶ ŽŵƉĂŶŝĞƐ ĂĐƟǀĞ ĨŽƌ ŵĂŶǇ ǇĞĂƌƐ ŝŶ ƚŚĞ ƉƌŽĚƵĐƟŽŶ ŽĨ ĐƵƐƚŽŵŝǌĞĚ ĂƌƟĐůĞƐ ƚŽ ĚƌĂǁŝŶŐ ĂŶĚ ƚĞĐŚŶŝĐĂů ĐŽŵƉŽŶĞŶƚƐ ĨŽƌ ǀĂƌŝŽƵƐ ŝŶĚƵƐƚƌŝĂů ƐĞĐƚŽƌƐ͘ dŚĞ ŽŵƉĂŶŝĞƐ ŽĨ ƚŚĞ ^ > KZ EĞƚǁŽƌŬ ĂƌĞ ĂĐƟǀĞ ǁŽƌůĚǁŝĚĞ ŝŶ ƚŚĞ ĨŽůůŽǁŝŶŐ ŝŶĚƵƐƚƌŝĂů ĂƌĞĂƐ͗ ĞƌŽƐƉĂĐĞ Ͳ tŝŶĚ ʹ DŝŶŝŶŐ Θ ĂƌƚŚ DŽǀŝŶŐ ƋƵŝƉŵĞŶƚ Ͳ WƌŝŵĂƌǇ DĞƚĂůƐ ʹ WƵůƉ Θ WĂƉĞƌ Ͳ EĂǀĂů Θ DĂƌŝŶĞ Ͳ &ŽŽĚ Ͳ ƵƚŽŵŽƟǀĞ Ͳ ƵƚŽŵĂƟŽŶ Ͳ ŚĞŵŝĐĂůƐ Ͳ WĞƚƌŽĐŚĞŵŝĐĂůƐ Ͳ WŚĂƌŵĂĐĞƵƟĐĂů Ͳ ,ǇĚƌĂƵůŝĐ͕ ,ĞĂƟŶŐ Θ ^ĂŶŝƚĂƌǇ ^ǇƐƚĞŵƐ Ͳ ǇŶĂŵŝĐ Θ ^ƚĂƟĐ ^ĞĂůŝŶŐ Ͳ ,ĞĂǀǇ ƵƚǇ ĂŶĚ 'ĞŶĞƌĂů /ŶĚƵƐƚƌǇ͘ dŚĞ ^ > KZ EĞƚǁŽƌŬ ŝƐ ŵĂĚĞ ŽĨ ϭϮ ŽŵƉĂŶŝĞƐ ŐƌŽƵƉĞĚ ƵŶĚĞƌ ϳ ŵĂŝŶ ƉƌŽĚƵĐƟŽŶ ĚŝǀŝƐŝŽŶƐ ĨŽƌ Ă ƚŽƚĂů ŽĨ ϲϱϮ ĞŵƉůŽǇĞĞƐ ĂŶĚ ϭϯϬ ŵŝůůŝŽŶ Φ ŝŶ ƐĂůĞƐ ŝŶ ƚŚĞ ǇĞĂƌ ϮϬϭϳ͘ ďŽƵƚ ϰϰ ŵŝůůŝŽŶ Φ ŚĂǀĞ ďĞĞŶ ŝŶǀĞƐƚĞĚ ďĞƚǁĞĞŶ ƚŚĞ ǇĞĂƌ ϮϬϭϱ ĂŶĚ ƚŚĞ ǇĞĂƌ ϮϬϭϳ ŝŶ ƚĞĐŚŶŽůŽŐǇ͕ ŝŶĨƌĂƐƚƌƵĐƚƵƌĞ͕ ƉĞŽƉůĞ͕ ƚƌĂŝŶŝŶŐ ĂŶĚ ĞƋƵŝƉŵĞŶƚ͕ ĂŶĚ ĨƵƌƚŚĞƌ Ϯϭ ŵŝůůŝŽŶ Φ ĂƌĞ ƉůĂŶŶĞĚ ĨŽƌ ŝŶǀĞƐƚŵĞŶƚƐ ŝŶ ǇĞĂƌ ϮϬϭϴ͘ dŚĞ ůĞĂŶ ŵĂŶĂŐĞŵĞŶƚ ĂŶĚ Ă ĨŽĐƵƐ ŽŶ ƚŚĞ ƐĞƌǀŝĐĞ ƚŽ ƚŚĞ ĐƵƐƚŽŵĞƌ͕ ŝŶ ĂĚĚŝƟŽŶ ƚŽ Ă ŐƵĂƌĂŶƚĞĞĚ ƋƵĂůŝƚǇ DĂĚĞ ŝŶ /ƚĂůǇ ĂƌĞ ƚŚĞ ƐƚƌĞŶŐƚŚ ŽĨ ƚŚĞ ^ > KZ EĞƚǁŽƌŬ ĂŶĚ ŝƚƐ ƐĞǀĞŶ ŵĂŝŶ ƉƌŽĚƵĐƟŽŶ ĚŝǀŝƐŝŽŶƐ͗

ŵĞƚŚŽĚ ;ǁǁǁ͘ŽƌŝŶŐŽŶĞ͘ĐŽŵͿ͘ EŽƌƐŽŬ DͲϳϭϬ ĞĚ͘ ϯ ĂƉƉƌŽǀĞĚ ŵĂƚĞƌŝĂůƐ ĂǀĂŝůĂďůĞ͖ Ͳ h /͗ KͲZŝŶŐƐ ŝŶ ǀĂƌŝŽƵƐ ĐŽŵƉŽƵŶĚƐ ǁŝƚŚ ŵĂŶǇ ĂƉƉƌŽǀĂůƐ ĂŶĚ ĐĞƌƟĮĐĂƚĞƐ ŽĨ ƋƵĂůŝƚǇ͘ &ƌŽŵ ƚŚĞ ĂƵƚŽŵŽƟǀĞ ƚŽ ƚŚĞ ŚǇĚƌĂƵůŝĐ ĂŶĚ ƚŚĞ ĨŽŽĚ ŝŶĚƵƐƚƌǇ ;ǁǁǁ͘ĚƵĐŝŐƵĂƌŶŝǌŝŽŶŝ͘ ĐŽŵͿ͘ /^K d^Ͳϭϲϵϰϵ ĐĞƌƟĮĞĚ͖ Ͳ h W/͗ DŽůĚƐ ĚĞƐŝŐŶ ĂŶĚ ŵĂŶƵĨĂĐƚƵƌŝŶŐ͘ WƌŽĚƵĐƟŽŶ ŽĨ /ŶũĞĐƟŽŶ ŵŽůĚĞĚ ĐƵƐƚŽŵͲŵĂĚĞ ĂƌƟĐůĞƐ ŝŶ ǀĂƌŝŽƵƐ ƚĞĐŚŶŽͲ ƉŽůǇŵĞƌƐ ĂŶĚ ůŝƋƵŝĚ ƐŝůŝĐŽŶ ;ǁǁǁ͘ĚƵĞƉŝƐƚĂŵƉŝ͘ĐŽŵͿ͖ Ͳ&>hKZd E͗ Wd& ͘ W < ĂŶĚ ,ŝŐŚ WĞƌĨŽƌŵĂŶĐĞ dĞĐŚŶŽͲ ƉŽůǇŵĞƌƐ͘ ^ƚŽĐŬ ƐŚĂƉĞƐ ĂŶĚ ĐƵƐƚŽŵŝǌĞĚ ĞŶŐŝŶĞĞƌĞĚ ĐŽŵƉŽŶĞŶƚƐ ;ǁǁǁ͘ŇƵŽƌƚĞŶ͘ĐŽŵͿ͘ EŽƌƐŽŬ DͲϳϭϬ ĞĚ͘ ϯ ĂŶĚ W/ ϲ ĂƉƉƌŽǀĞĚ ŵĂƚĞƌŝĂůƐ ĂǀĂŝůĂďůĞ͘ /^K EϵϭϬϬ͗ϮϬϬϵ ĐĞƌƟĮĐĂƟŽŶ ĨŽƌ ĂĞƌŽƐƉĂĐĞ ĂǀĂŝůĂďůĞ͖ Ͳ&͘>>/ W Z/^͗ ZŽƚĂƌǇ ^ŚĂŌ Kŝů ^ĞĂůƐ ĂŶĚ ĐƵƐƚŽŵͲ ŵĂĚĞ ĂƌƟĐůĞƐ ƚŽ ĚƌĂǁŝŶŐ ŝŶ ĞůĂƐƚŽŵĞƌ ĂŶĚ ƌƵďďĞƌͲƚŽͲ ŵĞƚĂů ;ǁǁǁ͘ĨƉƉĂƌŝƐ͘ĐŽŵͿ͖ Ͳ d^͗ ^ƉĞĐŝĂů ĂŶĚ ůĂƌŐĞ ƐŝǌĞ ƌŽƚĂƌǇ ƐŚĂŌ Žŝů ƐĞĂůƐ ĨŽƌ ĂƉƉůŝĐĂƟŽŶƐ ŝŶ ƚŚĞ ŚĞĂǀǇͲĚƵƚǇ ŝŶĚƵƐƚƌǇ͕ ĂŶĚ ĐƵƐƚŽŵ ŵĂĚĞ ŽǀĞƌƐŝǌĞ ƉĂƌƚƐ ƚŽ ĚƌĂǁŝŶŐ ;ǁǁǁ͘ĂƚƐŽŝůƐĞĂůƐ͘ĐŽŵͿ͖ Ͳ^>/ /d >z͗ ^ĞůĨͲůƵďƌŝĐĂƟŶŐ ďƵƐŚŝŶŐƐ ĂŶĚ ǁĂƐŚĞƌƐ ĨŽƌ ǀĂůǀĞƐ ĂŶĚ ŽƚŚĞƌ ĂƉƉůŝĐĂƟŽŶƐ ŝŶ ƚŚĞ ŚǇĚƌĂƵůŝĐ͕ ĞŶĞƌŐǇ ĂŶĚ ŵĞƚĂů ŝŶĚƵƐƚƌǇ ;ǁǁǁ͘ƐůŝďŝƚĂůǇ͘ĐŽŵͿ͘

ůů ƚŚŝƐ ŝƐ ŵƵĐŚ ŵŽƌĞ ŝƐ ^ > KZ EĞƚǁŽƌŬ͘ ͲKZ/E'KE ͗ >ĂƌŐĞ ƐŝǌĞ ĂŶĚ ŶĚůĞƐƐ KͲZŝŶŐƐ ŝŶ ǀĂƌŝŽƵƐ ŝƐĐŽǀĞƌ ƵƐ ƵŶĚĞƌ ǁǁǁ͘ƐĞĂůĐŽƌĞ͘ŶĞƚ Žƌ ĚŽǁŶůŽĂĚ ŽƵƌ ĐŽŵƉŽƵŶĚƐ͕ ƉƌŽĚƵĐĞĚ ǁŝƚŚ ĂŶ ŝŶŶŽǀĂƟǀĞ ƐƚĞƉͲŵŽůĚŝŶŐ ^ > KZ WW ĨƌŽŵ ƚŚĞ 'ŽŽŐůĞ ƐƚŽƌĞ͘

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

“Think Sealing with our quality made in Italy”

sealcore.net

NEWS

PRESS

BP and Johnson Matthey license innovative ZDVWH WR IXHOV WHFKQRORJ\ WR ELRIXHOV producer Fulcrum BioEnergy.

London, 25 September 2018- BP and Johnson Matthey (JM) have signed an agreement with Fulcrum BioEnergy to license their Fischer Tropsch (FT) technology to support Fulcrum’s drive to convert municipal solid waste into biojet fuel. BP and JM have developed a simple-to-operate and cost-advantaged FT technology that can operate both at large and small scale to economically convert synthesis gas, generated from sources such as municipal solid waste and other renewable biomass, into long-chain hydrocarbons suitable for the production of diesel and jet fuels. Fulcrum will use the BP and JM technology in their new Sierra BioFuels Plant located in Storey County, Nevada, approximately 20 miles east of Reno. The Sierra plant will be the first commercial-scale plant in the US to convert municipal solid waste feedstock, or household garbage that would otherwise be landfilled, into a low-carbon, renewable transportation fuel. When the plant begins commercial operation, planned for the first quarter of 2020, Sierra is expected to convert approximately 175,000 tons of household garbage into approximately 11 million gallons of fuel each year: equivalent to the fuel needed for more than 180 return flights between London and New York. Angelo Amorelli, BP’s technology vice-president of group research, said: “Through our partnership with Johnson Matthey, we have developed a robust high-quality technology built on great science and great engineering. Our technology can help deliver innovative low carbon fuels that can play an important role in the energy transition. We see this first licence as a stepping stone to other similar opportunities.” Eugene McKenna, Business Development and Innovation Director at JM added: “JM is a leader in science that makes the world cleaner and healthier and in bringing this latest technology to market, we continue to apply our expertise to tackle some of the world’s biggest challenges. We are delighted that Fulcrum has selected this technology to support their ambitions in supplying renewable fuels at significant scale. This is an important step in decarbonising transportation fuels and we will continue to use our science and engineering skills to facilitate wider adoption of this technology.” Both BP and JM have been developing FT technology for over 30 years and in 1996 joined forces to incubate and further develop the technology. Together they have developed a system that delivers three times the productivity of a conventional multi-tubular fixed bed reactor and halves the capital expenditure when compared to traditional FT reactors. The technology also delivers significant environmental and operational benefits. Working together, BP and JM won both the Research Project Award and the Oil and Gas Award at the prestigious IChemE Awards in November 2017 for their work on FT technology. “We have been following BP and Johnson Matthey’s progress for several years, including the demonstrated performance and reliability of their innovative design. We are pleased to partner with them and license this improved FT technology for our Sierra BioFuels Plant,” said Jim Macias, Fulcrum BioEnergy President and Chief Executive Officer. “The BP/JM technology enhances the value of Fulcrum’s process for converting waste to low-carbon, drop-in fuels. We look forward to working with BP and JM as we build out our large development program.”

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

Raytech , located near Milano, the most important economic-financial area in Italy, is the company with the widest range of accessories and components for electrical cables in the world in terms of production. Passion for design and innovation has allowed Raytech to evolve and adapt to the needs of constantly expanding national and international market standards, as well as to meet the challenge of satisfying and surprising end users with new or improved products extremely rapidly, without ever skimping on the same scrupulous quality which has always distinguished them in the production field. The performance specifications of Raytech products have been tested and certified inside our laboratories to ensure maximum reliability to even our most demanding installers, who can find our products in 36 countries worldwide through an established and highly qualified distribution network. In an increasingly competitive and fast market, Raytech is known as a precursor of the best and most inventive technologies, for its integrity and passion which are the cornerstones of its twenty years in the business.

Little joint

IP68, gel pre-ﬁlled micro joint, space-saver complete with connectors and with minimal aesthetic impact.

•Equipped with cable glands to avoid accidental cable traction •Complete with screw connectors •Pre-ﬁlled with non-toxic, non-classiﬁed gel •Very compact and ready to use •Always re-enterable •Halogen free & UV resistant

Raytech +39 02/33500147 r.a. info@raytech.it Via Enrico Fermi 11,13,17 20019 Settimo Milanese Milano

NEWS

ISS INTERNATIONAL

ISS International SpA is an Italian multidisciplinary engineering & integrated services company

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INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

ƉƌŽĨĞƐƐŝŽŶĂů ĐŽŵŵŝƚŵĞŶƚ ĂŶĚ ƚĞĐŚŶŽůŽŐŝĐĂů ŝŶŶŽǀĂƟŽŶ ďǇ ƉƵƌƐƵŝŶŐ Ă ĐŽŶƟŶƵŽƵƐ ŝŵƉƌŽǀĞŵĞŶƚ ŝŶ ŝƚƐ ĐĂƉĂďŝůŝƟĞƐ ĨŽƌ ĐƵƐƚŽŵĞƌƐ͛ ďƵƐŝŶĞƐƐ ƐƵĐĐĞƐƐ͘ /^^ /ŶƚĞƌŶĂƟŽŶĂů ^ƉĂ ĐŽŵŵŝƚŵĞŶƚ ŝƐ ƚŽ ƐƚƌŝǀĞ Ăůů ƟŵĞ ƚŽ ĚĞůŝǀĞƌ ŚŝŐŚ ƋƵĂůŝƚǇ ĂŶĚ ƐĂĨĞůǇ ƐĞƌǀŝĐĞƐ ďǇ ĨŽĐƵƐŝŶŐ ŽŶ ŝƚƐ ĐŽƌĞ ǀĂůƵĞƐ͗ ƌĞƐƉŽŶƐŝǀĞŶĞƐƐ͕ ŚŽŶĞƐƚǇ͕ ŝŶƚĞŐƌŝƚǇ͕ ƌĞƐƉĞĐƚ ĂŶĚ ĨĂŝƌŶĞƐƐ͘ hƉ ƚŽ ŶŽǁ ƚŚĞ 'ƌŽƵƉ ĐŽŶƐŝƐƚƐ ŽĨ Ɛŝǆ ŽŵƉĂŶŝĞƐ ;/^^ /ŶƚĞƌŶĂƟŽŶĂů ^ƉĂ͕ /^^ tŽƌůĚ tŝĚĞ >ŽŐŝƐƟĐ ^ĞƌǀŝĐĞƐ͕ /^^ /ŶƚĞƌŶĂƟŽŶĂů YĂƚĂƌ ǁůů͕ <ĂŝƌŽƐϯ ͕ E K͕ ϮWŝŐƌĞĐŽ Ϳ͕ ƚǁŽ ŝǀŝƐŝŽŶƐ ;/^^ /ŶƚĞƌŶĂƟŽŶĂů dƌĂŝŶŝŶŐ ĞŶƚĞƌ͕ W Z^KE ΠͿ ĂŶĚ ĞŝŐŚƚ ƌĂŶĐŚĞƐ ǁŝƚŚ ŽĸĐĞƐ ŝŶ /ƚĂůǇ͕ h ͕ YĂƚĂƌ͕ ŐǇƉƚ͕ ŽŶŐŽ͕ <ĂǌĂŬŚƐƚĂŶ͕ EŝŐĞƌŝĂ͕ ůŐĞƌŝĂ͕ DŽǌĂŵďŝƋƵĞ͕ DĞǆŝĐŽ ĂŶĚ ƌĞŐŝƐƚĞƌĞĚ ƉĂƌƚŶĞƌƐŚŝƉƐ ŝŶ /ƌĂƋ͕ sĞŶĞǌƵĞůĂ͕ ŶŐŽůĂ͕ WŽůĂŶĚ͕ /ŶĚŽŶĞƐŝĂ͕ <ƵǁĂŝƚ͕ ZƵƐƐŝĂ ĂŶĚ ŝŶ ƚŚĞ ŵĂŝŶ ĐŽƵŶƚƌŝĞƐ ŽĨ ƚŚĞ ' ĂƌĞĂ͘ /^^ /ŶƚĞƌŶĂƟŽŶĂů ^Ɖ ŝƐ ĐĞƌƟĮĞĚ /^K ϵϬϬϭ ϯϰͲϯϱͲϯϳ͕ /^K ϭϰϬϬϭ͕ K^, ^ ϭϴϬϬϭ͕ /^K ϯϳϬϬϭ ĂŶĚ ŝƚ ŝƐ ĮƌŵůǇ ĐŽŵŵŝƩĞĚ ƚŽ ƉƌĞǀĞŶƚ ,ĞĂůƚŚ͕ ^ĂĨĞƚǇ ĂŶĚ ŶǀŝƌŽŶŵĞŶƚĂů ƌŝƐŬƐ ĂƌŝƐŝŶŐ ĨƌŽŵ ǁŽƌŬ ĂĐƟǀŝƟĞƐ͗ ŝŶ ƚŚĞ ůĂƐƚ ϭϬ ǇĞĂƌƐ ƚŚĞ ŽŵƉĂŶǇ ǁŽƌŬĞĚ ŵŽƌĞ ƚŚĂŶ ϯϬϬ͘ϬϬϬ ŚŽƵƌƐ ƉĞƌ ǇĞĂƌ ǁŝƚŚŽƵƚ ĂĐĐŝĚĞŶƚ͘ /Ŷ ϮϬϭϳ ƚŚĞ ŽŵƉĂŶǇ ŽďƚĂŝŶĞĚ͕ ĂŵŽŶŐ ƚŚĞ ĮƌƐƚ ϭϬϬ ĐŽŵƉĂŶŝĞƐ ŝŶ ƚŚĞ ǁŽƌůĚ͕ ƚŚĞ /^K ϯϳϬϬϭ ĞƌƟĮĐĂƟŽŶ͕ ͞^ǇƐƚĞŵ ĨŽƌ ƚŚĞ WƌĞǀĞŶƟŽŶ ŽĨ ŽƌƌƵƉƟŽŶ͕͟ ĐŽŶĮƌŵŝŶŐ ƚŚĞ ĐƵůƚƵƌĞ ŽĨ ůĞŐĂůŝƚǇ ƚŚĂƚ ŚĂƐ ĂůǁĂǇƐ ĐŚĂƌĂĐƚĞƌŝǌĞĚ /^^ /ŶƚĞƌŶĂƟŽŶĂů ^Ɖ ͘ dŚĞ ŽŵƉĂŶǇ ĂůƐŽ ĂĐŚŝĞǀĞĚ ĐŚŝůůĞƐ &W > ĂŶĚ WŽǁĞƌΘdĞĐŚ ĐĞƌƟĮĐĂƟŽŶ͘

Process & Production Engineering

Excellence in Energy and Oil&Gas Services

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EPIC/SKIDs

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Maintenance Engineering & Asset Integrity

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Technical Assistance โ On Siteโ

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Multidisciplinary Design Engineering

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JUST FOR YOUR BUSINESS www.iss-international.it

Headhunting and Recruitment Services

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Expertise and innovation in material handling and production logistics

' E Z > KE& Ed/ ŽǁŶƐ Ă ƉƌŽǀĞŶ ĞǆƉĞƌŝĞŶĐĞ ŝŶ ĚĞǀĞůŽƉŵĞŶƚ ŽĨ ƐƉĞĐŝĮĐ ƐŽůƵƟŽŶƐ ŝŶ ƚŚĞ ƐĞŐŵĞŶƚ ŽĨ ŵĂƚĞƌŝĂů ŚĂŶĚůŝŶŐ ĂŶĚ ƉƌŽĚƵĐƟŽŶ ůŽŐŝƐƟĐƐ͘ KƵƌ ĐŽŵƉĂŶǇ ƐƚĂī ŚĂƐ ƚŚĞ Ăŝŵ ƚŽ ƉůĂŶ ƚŚĞ ŵŽƐƚ ĞīĞĐƟǀĞ ƐƚƌĂƚĞŐŝĞƐ ŝŶ ŽƌĚĞƌ ƚŽ ĨĂĐŝůŝƚĂƚĞ ŵĂƚĞƌŝĂů ŚĂŶĚůŝŶŐ ǁŝƚŚ ƚŚĞ ĐŽŶƐĞƋƵĞŶƚ ŽƉƟŵŝǌĂƟŽŶ ŽĨ ƉƌŽĐĞƐƐ ƟŵŝŶŐ͕ ĂůůŽǁŝŶŐ ŝŶ ƚŚŝƐ ǁĂǇ ƚŽ ŽƵƌ ĐůŝĞŶƚƐ ƚŽ ŝŶĐƌĞĂƐĞ ƚŚĞ ƉƌŽĮƚĂďŝůŝƚǇ ŽĨ ƚŚĞŝƌ ĂĐƟǀŝƟĞƐ͕ ŐƵĂƌĂŶƚĞĞŝŶŐ ŵĂǆŝŵƵŵ ůĞǀĞů ƋƵĂůŝƚǇ ĂŶĚ ƐĂĨĞƚǇ ƐƚĂŶĚĂƌĚƐ͘ ǆƉĞƌƟƐĞ ĂŶĚ ŝŶŶŽǀĂƟŽŶ ŝŶ ĞǀĞƌǇ ďƌĂŶĐŚ ŽĨ ĂĐƟǀŝƚǇ ĂƌĞ ƚŚĞ ŬĞǇ ǁŽƌĚƐ ŽĨ KE& Ed/ ĚĞƐŝŐŶ ĂŶĚ ĚĞǀĞůŽƉŵĞŶƚ͘ KƵƌ ƌĂŶŐĞ ŽĨ ƉƌŽĚƵĐƚƐ ƌĞƉƌĞƐĞŶƚƐ ƚŚĞ ŽƉƟŵŝǌĞĚ ƌĞƐƉŽŶƐĞ ƚŽ Ăůů ƌĞƋƵŝƌĞŵĞŶƚƐ ŽĨ ƚŚĞ ĐůŝĞŶƚƐ͗ ĨƌŽŵ ŵĂƚĞƌŝĂů ŚĂŶĚůŝŶŐ ƚŽ ĞƋƵŝƉŵĞŶƚ ĨĞĞĚŝŶŐ͕ ĨƌŽŵ ǁĂƌĞŚŽƵƐŝŶŐ ƚŽ ƉƌŽĐĞƐƐ ĐŽŶƚƌŽů ĂŶĚ ŵŽŶŝƚŽƌŝŶŐ͘ KE& Ed/ ŝƐ ŝŶǀŽůǀĞĚ ŝŶ ĚĞƐŝŐŶ͕ ƉƌŽĚƵĐƟŽŶ ĂŶĚ ŝŶƐƚĂůůĂƟŽŶ ŽĨ͗ ͻůŝŌŝŶŐ ĞƋƵŝƉŵĞŶƚ͕ ͻŵĂƚĞƌŝĂů ŚĂŶĚůŝŶŐ ĂŶĚ ƐƚŽƌŝŶŐ ĞƋƵŝƉŵĞŶƚ͕ ͻ^t ĂƉƉůŝĐĂƟŽŶƐ ĂŶĚ ƐǇƐƚĞŵƐ͘ KE& Ed/ ĂůƐŽ ƉƌŽǀŝĚĞƐ ĐŽŶƐƵůƚĂŶĐǇ ĂŶĚ ƚƵƌŶͲŬĞǇ ƉƌŽũĞĐƚƐ ŝŶ W ŽƌŐĂŶŝǌĂƟŽŶ ; ŶŐŝŶĞĞƌŝŶŐ͕ WƌŽĐƵƌĞŵĞŶƚ ĂŶĚ ŽŶƐƚƌƵĐƟŽŶͿ ĨŽƌ ƚŚĞ ƐƵƉƉůǇ ŽĨ ĐŽŵƉůĞƚĞ ĨĂĐƚŽƌŝĞƐ ĂŶĚ ƐǇƐƚĞŵƐ͘ KƵƌ ƉƌŽĚƵĐƚ ƌĂŶŐĞ ŝŶĐůƵĚĞƐ͗ ͻƐƚĂŶĚĂƌĚ ůŝŌŝŶŐ ĞƋƵŝƉŵĞŶƚ ;ŵĂŶͲŽƉĞƌĂƚĞĚͿ͕ ͻŽƚŚĞƌ ŵĂƚĞƌŝĂů ŚĂŶĚůŝŶŐ ŵĂĐŚŝŶĞƐ ĂŶĚ ƐǇƐƚĞŵƐ͕ ͻĂƵƚŽŵĂƟĐ ǁĂƌĞŚŽƵƐĞƐ͕

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

ͻƉƌŽĐĞƐƐ ŵŽŶŝƚŽƌŝŶŐ ĂŶĚ ĐŽŶƚƌŽů͕ ͻŐĞŶĞƌĂů ĞŶŐŝŶĞĞƌŝŶŐ͘ KE& Ed/ ŚĂƐ Ă ĚĞĚŝĐĂƚĞĚ ůŝŶĞ ŽĨ ƉƌŽĚƵĐƚƐ ĨŽƌ ĚŝīĞƌĞŶƚ ŝŶĚƵƐƚƌŝĂů ƐĞĐƚŽƌƐ͕ ŽīĞƌŝŶŐ ƉƌŽĚƵĐƚƐ ƚŚĂƚ ǀĂƌǇ ĨƌŽŵ ƌĞůĂƟǀĞůǇ ƐŝŵƉůĞ ŵĂŝŶƚĞŶĂŶĐĞ ĐƌĂŶĞƐ ĂŶĚͬŽƌ ŽƚŚĞƌ ůŝŌŝŶŐ ĞƋƵŝƉŵĞŶƚ ƵƉ ƚŽ ƐƉĞĐŝĮĐ ƉƌŽĐĞƐƐ Žƌ ŚĞĂǀǇ ĚƵƚǇ ĞƋƵŝƉŵĞŶƚ ǁŝƚŚ ĐĂƉĂĐŝƟĞƐ ƵƉ ƚŽ Ă ϰϬϬƚ͘ KE& Ed/ ^d E Z ^ E Yh >/dz KE& Ed/ ĞƋƵŝƉŵĞŶƚ ŝƐ ĚĞƐŝŐŶĞĚ ƵƐŝŶŐ & D ĂŶĚ /^K ƐƚĂŶĚĂƌĚƐ ŝŶ ĂĐĐŽƌĚĂŶĐĞ ǁŝƚŚ ƚŚĞ D ,/E Zz /Z d/s ĨŽƌ ŵĂƌŬŝŶŐ͘ dŚĞŝƌ ĚŝŵĞŶƐŝŽŶŝŶŐ͕ ďĞƐŝĚĞƐ ƚŚĞ ƐƚĂŶĚĂƌĚƐ͕ ƚĂŬĞƐ ŝŶƚŽ ĂĐĐŽƵŶƚ ďŽƚŚ ƚŚĞ ƉĂƌƟĐƵůĂƌŝƟĞƐ ŽĨ ƚŚĞ ƐĞƌǀŝĐĞ ĂƐ ǁĞůů ĂƐ ƚŚĞ ĐŽŶĚŝƟŽŶƐ ƉƌĞƐĞŶƚ ŝŶ ƚŚĞ ǁŽƌŬ ĂƌĞĂ ǁŚĞƌĞ ƚŚĞǇ ĂƌĞ ŐŽŝŶŐ ƚŽ ďĞ ƵƐĞĚ͘ ^ŝŶĐĞ ůŽŶŐ ƟŵĞ ĂůƌĞĂĚǇ KE& Ed/ ŚĂƐ ďĞĞŶ ŽƉĞƌĂƟŶŐ ƵŶĚĞƌ ƚŚĞ ĐŽŶƚƌŽů ĂŶĚ ƋƵĂůŝƚǇ ĂƐƐƵƌĂŶĐĞ ƌĞŐŝŵĞ ĐĞƌƟĮĞĚ /^K ϵϬϬϭ ĨŽƌ ƚŚĞ ĨŽůůŽǁŝŶŐ ĂĐƟǀŝƚǇ ĮĞůĚƐ͗ ĚĞƐŝŐŶ͕ ĨĂďƌŝĐĂƟŽŶ͕ ŝŶƐƚĂůůĂƟŽŶ͕ ĐŽŵŵŝƐƐŝŽŶŝŶŐ ĂŶĚ ĂŌĞƌ ƐĂůĞƐ ƐƵƉƉŽƌƚ͘ WĂǇŝŶŐ ŵĂǆŝŵƵŵ ĂƩĞŶƟŽŶ ƚŽ ƚŚĞ ƐƚĂŶĚĂƌĚŝǌĂƟŽŶ ŽĨ ƐƉĂƌĞ ƉĂƌƚƐ ĂŶĚ ƉƌŽƉŽƐŝŶŐ ^ƉĂƌĞ WĂƌƚ <ŝƚƐ ĐĂƌĞĨƵůůǇ ĐŚŽƐĞŶ͕ KE& Ed/ ŽīĞƌƐ ƚŽ ƚŚĞ ůŝĞŶƚƐ ƚŚĞ ŽƉƉŽƌƚƵŶŝƚǇ ƚŽ ĐŽŶƚĂŝŶ ƚŚĞ ĐŽƐƚƐ ŽĨ ƚŚĞŝƌ ƐƵƉƉůǇ ĂŶĚ ƚŽ ŵŝŶŝŵŝǌĞ ƚŚĞ ƌĞƉĂƌĂƟŽŶ ƟŵĞƐ ;ĂŶĚ ƉƌŽĚƵĐƟŽŶ ůŽƐƐ ƟŵĞƐͿ ƚŚĂƚ͕ ĐŽŶƐĞƋƵĞŶƚůǇ͕ ŐĞŶĞƌĂƚĞ ĐŽƐƚƐ ŵƵĐŚ ŚŝŐŚĞƌ ƚŚĂŶ ƚŚŽƐĞ ĚĞĚŝĐĂƚĞĚ ƚŽ ƐƉĂƌĞ ƉĂƌƚƐ͘ KƵƌ ŵŝƐƐŝŽŶ ŝƐ ƚŽ ŽīĞƌ ĞǆƉĞƌƟƐĞ ĂŶĚ ƉƌŽĚƵĐƚƐ ƚŽ ƚŚĞ ĐůŝĞŶƚƐ ǁŚŽƐĞ ŵĂŝŶ ŽďũĞĐƟǀĞ ŝƐ ƚŚĞ ŝŶĐƌĞĂƐĞ ŽĨ ƉƌŽĮƚĂďŝůŝƚǇ ŽĨ

ƚŚĞŝƌ ĐŽŵƉĂŶǇ ĂĐƟǀŝƟĞƐ ĂŶĚ ŽĨ ŝŶƚĞƌŶĂů ůŽŐŝƐƟĐƐ ĞĸĐŝĞŶĐǇ͘ KE& Ed/ &KZ ^d > Ͳ , Yh/WD Ed /Ŷ ŽƌĚĞƌ ƚŽ ƉƌŽǀŝĚĞ ǀĂůŝĚ ƌĞƉůŝĞƐ ƚŽ ůŝĞŶƚ ƌĞƋƵĞƐƚƐ ĨŽƌ ĂůǁĂǇƐ ďŝŐŐĞƌ ƉƌŽĚƵĐƟǀŝƚǇ͕ KE& Ed/ ŚĂƐ ĚĞǀĞůŽƉĞĚ ƚŚĞ ͞, ͟ ƌĂŶŐĞ ŽĨ ƉƌŽĚƵĐƚƐ ĚĞĚŝĐĂƚĞĚ ƚŽ ƐƚĞĞů ŝŶĚƵƐƚƌǇ͕ ĂďůĞ ƚŽ ƐĂƟƐĨǇ ĂůǁĂǇƐ ŵŽƌĞ ĐŽŵƉůĞǆ ŽƉĞƌĂƟŽŶĂů ƌĞƋƵŝƌĞŵĞŶƚƐ ǁŝƚŚ ƚŚĞ ŝŶĐƌĞĂƐĞ ŽĨ ƵƉƟŵĞ ĂŶĚ ƌĞĚƵĐƟŽŶ ŽĨ ƟŵĞ ůŽƐƐĞƐ͘ dŚĞ ͞, ͟ ĞƋƵŝƉŵĞŶƚ ŝƐ ƐƚƵĚŝĞĚ ƚŽ ƌĞƐƉŽŶĚ ƚŽ ƚŚĞ ƐƉĞĐŝĮĐ ƌĞƋƵŝƌĞŵĞŶƚƐ ŽĨ ƚŚŝƐ ĞǆƚƌĞŵĞůǇ ŚĞĂǀǇ ĚƵƚǇ ƐĞĐƚŽƌ ƐƵĐŚ ĂƐ͗ ͻƐĂĨĞƚǇ͕ ͻƌĞůŝĂďŝůŝƚǇ͕ ͻŚŝŐŚĞƐƚ ƉĞƌĨŽƌŵĂŶĐĞ ůĞǀĞůƐ͘ dŚŝƐ ƌĂŶŐĞ ŽĨ ƉƌŽĚƵĐƚƐ ĐŽŶƐĞŶƚƐ ƚŽ ĐŽǀĞƌ Ăůů ƚŚĞ ƉƌŽĚƵĐƟŽŶ ƉƌŽĐĞƐƐ ŚĂŶĚůŝŶŐ ƐƚĂƌƟŶŐ ĨƌŽŵ ƌŽǁ ŵĂƚĞƌŝĂůͬŵŝŶĞƌĂůͬ ƐĐƌĂƉ ŐŽŝŶŐ Ăůů ƚŚĞ ǁĂǇ ƚŽ ƚŚĞ ĮŶĂů ƉŚĂƐĞƐ ĚĞĚŝĐĂƚĞĚ ƚŽ ƐƚŽƌĂŐĞ ĂŶĚ ĚŝƐƉĂƚĐŚ ĂƌĞĂƐ͘ ^ŝŶĐĞ ĞǀĞƌǇ ĂƉƉůŝĐĂƟŽŶ ŝŶƐŝĚĞ ƚŚĞ ƐƚĞĞůǁŽƌŬƐ ƉƌĞƐĞŶƚƐ ŝƚƐ ŽǁŶ ƉĂƌƟĐƵůĂƌŝƟĞƐ͕ ƌĞƋƵŝƌŝŶŐ ƐƉĞĐŝĂůůǇ ĚĞƐŝŐŶĞĚ ƐŽůƵƟŽŶƐ͕ KE& Ed/ ŚĂƐ ĚŝǀĞƌƐŝĮĞĚ ŝƚƐ ͞, ͟ ƌĂŶŐĞ ďĂƐĞĚ ŽŶ ǀĂƌŝŽƵƐ ƐƚĂŐĞƐ ŽĨ ƚŚĞ ƉƌŽĚƵĐƟŽŶ ƉƌŽĐĞƐƐ͘ ĞŝŶŐ ŽƌŝĞŶƚĂƚĞĚ ƚŽǁĂƌĚ ĐŽŶƟŶƵŽƵƐ ŝŵƉƌŽǀĞŵĞŶƚ͕ ƚŚĞ ƐŽůƵƟŽŶƐ ĂƉƉůŝĞĚ ŽŶ ͞, ͟ ĞƋƵŝƉŵĞŶƚ ŐĞƚ ĐŽŶƐƚĂŶƚůǇ ƵƉĚĂƚĞĚ ƚŽ ŵĂŬĞ ƚŚĞŵ ĂůǁĂǇƐ ŵŽƌĞ ƐƵŝƚĂďůĞ ƚŽ ƐŽůǀĞ ƐƉĞĐŝĮĐ ŝƐƐƵĞƐ ƌĞůĂƚĞĚ ƚŽ ƚŚŝƐ ƐĞĐƚŽƌ ƐƵĐŚ ĂƐ͗ ͻƉƌĞƐĞŶĐĞ ŽĨ ŚĞĂƚ ƐŽƵƌĐĞƐ ĂŶĚ ĚƵƐƚƐ͕ ͻŵĂŶĂŐĞŵĞŶƚ ŽĨ ůŝŵŝƚĞĚ ŵĂŝŶƚĞŶĂŶĐĞ ƉĞƌŝŽĚƐ͕ ͻŽƉĞƌĂƚŽƌƐ ƐĂĨĞƚǇ͘ dŚĞ ĚĞƐŝŐŶ ďĂƐŝƐ ŽĨ ͞, ͟ ĞƋƵŝƉŵĞŶƚ ĂƐƐƵŵĞƐ ŵĂǆŝŵƵŵ ĐĂƌĞ ƚŽ ƚŚĞ ĂƐƉĞĐƚ ŽĨ ƐƚĂŶĚĂƌĚŝǌĂƟŽŶ ŽĨ ŵĞĐŚĂŶŝĐĂů ĂŶĚ ĞůĞĐƚƌŝĐĂů ƉĂƌƚƐ ŝŶ ŽƌĚĞƌ ƚŽ ŵĂŬĞ ůĞƐƐ ďƵƌĚĞŶƐŽŵĞ ƚŚĞ ƐƵƉƉůǇ ŽĨ ƐƉĂƌĞ ƉĂƌƚƐ͘ ůů ƚŚŝƐ ĐŽŶƐĞŶƚƐ ƚŽ ƉƌŽǀŝĚĞ ƚŽ ƚŚĞ ĞŶĚ ƵƐĞƌƐ ƚŚĞ ĞǆƉĞƌŝĞŶĐĞ ĂŶĚ ƉƌŽĚƵĐƚƐ ǁŚŽƐĞ ŵĂŝŶ ŽďũĞĐƟǀĞƐ ĂƌĞ ƚŚĞ ŝŶĐƌĞĂƐĞ ŽĨ ƉƌŽĚƵĐƟǀŝƚǇ ĂŶĚ ůŽŐŝƐƟĐ ĞĸĐŝĞŶĐǇ ǁŝƚŚ ƉĂƌƟĐƵůĂƌ ƌĞŐĂƌĚ ƚŽ ƚŚĞ ŝŶĐƌĞĂƐĞ ŽĨ ƐĂĨĞƚǇ ĂŶĚ ƚŽ ƌĞĚƵĐƟŽŶ ŽĨ ƚŚĞ ŵĂŝŶƚĞŶĂŶĐĞ ĐŽƐƚƐ͘ KE& Ed/ &KZ , d dZ dD Ed Ͳ ,d hdKD d/ Yh/WD Ed dŚĞ ͞,d͟ ĞƋƵŝƉŵĞŶƚ ĂƌĞ ĚĞƐŝŐŶĞĚ ƚŽ ŵĂŶĂŐĞ hdKD d/ ŚĂŶĚůŝŶŐ ĂŶĚ ƐƚŽƌŝŶŐ ĂĐƟǀŝƟĞƐ ĨŽƌ ƚŚĞ &ŽƌŐŝŶŐͬ,ĞĂƚ ƚƌĞĂƚŵĞŶƚ ƉƌŽĐĞƐƐĞƐ͘ dŚĞ ƚǇƉŝĐĂů ĚĞƐƟŶĂƟŽŶƐ ĂƌĞ͗ ĨŽƌŐŝŶŐ͕ ǁŝƌĞǁŽƌŬƐ͕ ĨĂƐƚĞŶĞƌ ĂŶĚ ďŽůƚƐ ƉƌŽĚƵĐƟŽŶƐ͘ dŚĞ ŵŽĚƵůĂƌŝƚǇ ŽĨ ƚŚĞ ͞,d͟ ƐŽůƵƟŽŶƐ ƉĞƌŵŝƚƐ ƚŽ ƌĞĂůŝǌĞ Ă ĐŽŵƉůĞƚĞ ĞŶŐŝŶĞĞƌŝŶŐ ŽĨ ƚŚĞ ůŽŐŝƐƟĐ ƉƌŽĐĞƐƐĞƐ͘ dŚĞ ŵĂŝŶ ĨĞĂƚƵƌĞƐ ĂƌĞ͗ ͻĂŶƟͲƐǁĂǇ ŵĞĐŚĂŶŝĐĂů ƐǇƐƚĞŵ ƚŽ ĂǀŽŝĚ ĂŶǇ ŽƐĐŝůůĂƟŽŶ ĚƵƌŝŶŐ ƚŚĞ ĞǆĞĐƵƟŽŶ ŽĨ ƚŚĞ ŚĂŶĚůŝŶŐͬƐƚŽƌŝŶŐ ƉƌŽĐĞƐƐ͕ ͻĂƵƚŽŵĂƟĐ ŝĚĞŶƟĮĐĂƟŽŶ ŽĨ ƚŚĞ ŵĂƚĞƌŝĂů ƚŽ ďĞ ŚĂŶĚůĞƐ͕ ͻĚŝŵĞŶƐŝŽŶĂů ǀĞƌŝĮĐĂƟŽŶ ŽĨ ƚŚĞ ŵĂƚĞƌŝĂů͕ ͻĂƵƚŽŵĂƟĐ ƉŽƐŝƟŽŶŝŶŐ ŽĨ ƚŚĞ ŵĂƚĞƌŝĂů ;ƚŽ ďĞ ƚƌĞĂƚĞĚ ĂŶĚ ƚƌĞĂƚĞĚͿ ŝŶ Ă ĐŽŵƉůĞƚĞ ƉƌŽĐĞƐƐ ĂƌĞĂ ŝŶĐůƵĚŝŶŐ ƚŚĞ ůŽĂĚŝŶŐ ŽĨ ƚŚĞ ĨƵƌŶĂĐĞƐ͕ ŽĨ ƚŚĞ ĂŶŶĞĂůŝŶŐ ǁĂƚĞƌ ďĂƚŚƐ ĂŶĚ ŽĨ ƚŚĞ ĐŽŽůŝŶŐ ƉůĂƞŽƌŵƐ͘ ͻĂƵƚŽŵĂƟĐ ƐƚŽƌŝŶŐ ŝŶ t/W tĂƌĞŚŽƵƐĞƐ ĨŽƌ ƚŚĞ ŵĂƚĞƌŝĂů ƚŽ ďĞ ƚƌĞĂƚĞĚ ĂŶĚ ƚƌĞĂƚĞĚ͕ ͻĂƵƚŽŵĂƟĐ ĞǀĂĐƵĂƟŽŶ ŽĨ ƚŚĞ ƚƌĞĂƚĞĚ ŵĂƚĞƌŝĂů ĨƌŽŵ ƚŚĞ ǁŽƌŬŝŶŐ ĂƌĞĂ͕ ͻƉƌŽĐĞƐƐ ĚĂƚĂ ĞǆĐŚĂŶŐĞ ǁŝƚŚ ZW ĂŶĚ D ^ ĞǆƚĞƌŶĂů ĂƉƉůŝĐĂƟŽŶƐ͘

KE& Ed/ &KZ W/ <>/E' Ͳ ͞WW͟ hdKD d/ Yh/WD Ed dŚĞ ͞WW͟ ĞƋƵŝƉŵĞŶƚ ƉĞƌŵŝƚƐ Ă ĨƵůůǇ ƵƚŽŵĂƟĐ ŵĂŶĂŐĞŵĞŶƚ ŽĨ ƚŚĞ ŵĂƚĞƌŝĂů ŚĂŶĚůŝŶŐ ĨŽƌ ƚŚĞ ƉŝĐŬůŝŶŐ ƉůĂŶƚƐ͘ dŚĞ ƚǇƉŝĐĂů ĚĞƐƟŶĂƟŽŶƐ ĂƌĞ͗ tŝƌĞǁŽƌŬƐ͕ &ĂƐƚĞŶĞƌ ĂŶĚ ďŽůƚƐ ƉƌŽĚƵĐƟŽŶƐ͘ dŚĞ ŵĂŝŶ ĨĞĂƚƵƌĞƐ ŽĨ ƚŚĞƐĞ ƐǇƐƚĞŵƐ ĂƌĞ͗ ͻĚĞƐŝŐŶĞĚ ĂŶĚ ƉƌŽĚƵĐĞĚ ƚŽ ŽƉĞƌĂƚĞ ŝŶ ĐŽƌƌŽƐŝǀĞ ĂŶĚ ŚĞĂǀǇ ĞŶǀŝƌŽŶŵĞŶƚƐ ƚǇƉŝĐĂů ŽĨ ƚŚĞ ƉŝĐŬůŝŶŐ ƉůĂŶƚƐ͕ ͻĂŶƟͲƐǁĂǇ ŵĞĐŚĂŶŝĐĂů ƐǇƐƚĞŵ ƚŽ ĂǀŽŝĚ ĂŶǇ ŽƐĐŝůůĂƟŽŶ ĚƵƌŝŶŐ ƚŚĞ ĞǆĞĐƵƟŽŶ ŽĨ ƚŚĞ ŚĂŶĚůŝŶŐ ƉƌŽĐĞƐƐ͕ ͻĐŽŵƉůĞƚĞ ŵĂŶĂŐĞŵĞŶƚ ŽĨ ƚŚĞ ǁŽƌŬŝŶŐ ĐǇĐůĞƐ͕ ͻĂƵƚŽŵĂƟĐ ƉŽƐŝƟŽŶŝŶŐ ĂŶĚ ĞǆĞĐƵƟŽŶ ŽĨ ƚŚĞ ŵŽǀĞŵĞŶƚƐ ŽĨ ƚŚĞ ŵĂƚĞƌŝĂů ďĞƚǁĞĞŶ ƚŚĞ ƉŝĐŬůŝŶŐ ƚĂŶŬƐ͕ ͻĐŽŵƉůĞƚĞ ĐŽŶƚƌŽů ĂŶĚ ĐĞƌƟĮĐĂƟŽŶ ŽĨ ƚŚĞ ĚŝƉƉŝŶŐ ƟŵĞƐ͕ ͻĚŝīĞƌĞŶƚ ǁŽƌŬŝŶŐ ĐǇĐůĞƐ ŝŶ ďĂƐĞ ŽĨ ĚŝīĞƌĞŶƚ ŬŝŶĚ ŽĨ ŵĂƚĞƌŝĂů͕ ͻƉŽƐƐŝďŝůŝƚǇ ƚŽ ŚĂŶĚůĞ͕ Ăƚ ƚŚĞ ƐĂŵĞ ƟŵĞ͕ ĚŝīĞƌĞŶƚ ŬŝŶĚ ŽĨ ŵĂƚĞƌŝĂůƐ͘

NEWS

BONFANTI

KE& Ed/ &KZ ^dKZ/E' Ͳ ͞t^͟ hdKD d/ Yh/WD Ed dŚĞ ͞t^͟ ĞƋƵŝƉŵĞŶƚ ĂƌĞ ĚĞƐŝŐŶĞĚ ƚŽ ŵĂŶĂŐĞ ƚŚĞ hdKD d ƐƚŽƌŝŶŐ ŽĨ ŵĂƚĞƌŝĂů ŚĂǀŝŶŐ ďŝŐ ĚŝŵĞŶƐŝŽŶƐ ĂŶĚͬŽƌ ŚĞĂǀǇ ǁĞŝŐŚƚ ;ůŝŬĞ ^ƚĞĞů ĂŶĚ ůƵŵŝŶŝƵŵ ĐŽŝůƐ͕ ƐƚĞĞů ďŝůůĞƚƐ͕ ďƌĂƐƐ ďŝůůĞƚƐ ĂŶĚ ƉƌŽĮůĞƐ͕ ůƵŵŝŶŝƵŵ ĂŶĚ ƐƚĞĞů ƉůĂƚĞƐ͕ ƉƌŽĮůĞƐ͕ ďĂƌƐͿ͘ dŚĞ ŵĂŝŶ ĨĞĂƚƵƌĞƐ ĂƌĞ͗ ͻĂŶƟͲƐǁĂǇ ŵĞĐŚĂŶŝĐĂů ƐǇƐƚĞŵ ƚŽ ĂǀŽŝĚ ĂŶǇ ŽƐĐŝůůĂƟŽŶ ĚƵƌŝŶŐ ƚŚĞ ĞǆĞĐƵƟŽŶ ŽĨ ƚŚĞ ƐƚŽƌŝŶŐ ƉƌŽĐĞƐƐ͕ ͻĂƵƚŽŵĂƟĐ ŚĂŶĚůŝŶŐ ;ĂĞƌŝĂů ǁŝƚŚ ĂƵƚŽŵĂƟĐ ƐƚĂĐŬĞƌ ĐƌĂŶĞƐ ĂŶĚ ŐƌŽƵŶĚ ǁŝƚŚ ĐŽŵďŝŶĂƟŽŶ ŽĨ ĐŽŶǀĞǇŽƌƐ ĂŶĚ ƐŚƵƩůĞƐ ĂĐĐŽƌĚŝŶŐ Ăƚ ƚŚĞ ůŽŐŝƐƟĐ ĂŶĚ ĐǇĐůĞ ĐŽŶƐƚƌĂŝŶƐ ŽĨ ƚŚĞ ĂƉƉůŝĐĂƟŽŶͿ ŽĨ ƚŚĞ ŵĂƚĞƌŝĂů ĚƵƌŝŶŐ ƚŚĞ ƌĞĐĞŝǀŝŶŐ ;ŝŶƉƵƚͿ͕ ƐƚŽƌŝŶŐ ĂŶĚ ƌĞůĞĂƐŝŶŐ ;ŽƵƚƉƵƚͿ ŽĨ ƚŚĞ ŵĂƚĞƌŝĂů͕ ͻĂƵƚŽŵĂƟĐ ǀĞƌŝĮĐĂƟŽŶ ŽĨ ƚŚĞ ŵĂƚĞƌŝĂů ĚŝŵĞŶƐŝŽŶƐ ďĞĨŽƌĞ ƚŚĞ ƐƚŽƌŝŶŐ͕ ͻĂƵƚŽŵĂƟĐ ƐƚŽƌŝŶŐ ŽĨ ƚŚĞ ŵĂƚĞƌŝĂů ŝŶ ďĂƐĞ ŽĨ ƚŚĞ ĂǀĂŝůĂďŝůŝƚǇ ŽĨ ƚŚĞ ƐƉĂĐĞ ŝŶƐŝĚĞ ƚŚĞ ǁĂƌĞŚŽƵƐĞ ĂŶĚ ŝŶ ďĂƐĞ ŽĨ ƚŚĞ ƉƌĞĐŽŶĮŐƵƌĞĚ ƐƚŽƌŝŶŐ ůŽŐŝĐƐ͕ ͻĐŽŵƉůĞƚĞ ŵĂŶĂŐĞŵĞŶƚ ŽĨ ĞǆƉŽƌƚ ;ƉŝĐŬƵƉͿ ůŝƐƚƐ ŝŶ ŽƌĚĞƌ ƚŽ ĂƵƚŽŵĂƟĐĂůůǇ ƉƌŽǀŝĚĞ ƚŚĞ ŵĂƚĞƌŝĂů ŝŶ ƚŚĞ ŽƵƚƉƵƚ ďĂǇƐ ŝŶ ďĂƐĞ ŽĨ ƚŚĞ ƌĞƋƵŝƌĞĚ ƌĞƚƌŝĞǀĂů ůŝƐƚ͕ ͻĂƵƚŽŵĂƟĐ ƌĞŽƌĚĞƌŝŶŐ ŽĨ ƚŚĞ ǁĂƌĞŚŽƵƐĞ ŝŶ ŽƌĚĞƌ ƚŽ ŽƉƟŵŝǌĞ ƚŚĞ ƐƉĂĐĞ ƵƐĞ ĂŶĚ ƚŽ ŵŝŶŝŵŝǌĞ ƚŚĞ ĨƵƚƵƌĞ ƐƚŽƌŝŶŐͬƌĞƚƌŝĞǀĂů ĐǇĐůĞƐ͕ ͻĚĂƚĂ ĞǆĐŚĂŶŐĞ ǁŝƚŚ ZW ĂŶĚ D ^ ƐǇƐƚĞŵƐ ĨŽƌ ƚŚĞ ƌĞĐĞŝǀŝŶŐ ŽĨ ƚŚĞ ŵĂƚĞƌŝĂů ĚĂƚĂ͕ ƚŚĞ ƉŝĐŬŝŶŐ ůŝƐƚ ĂŶĚ ĨŽƌ ƚŚĞ ƚƌĂŶƐŵŝƐƐŝŽŶ ŽĨ ƚŚĞ ǁĂƌĞŚŽƵƐĞ ƐƚŽƌŝŶŐ ĐĞůůƐ ĂŶĚ ƚŚĞ /ͬK ŵŝƐƐŝŽŶƐ͘ KE& Ed/ &KZ W> ^d/ KE& Ed/ ŝƐ ŵĂƌŬĞƚ ůĞĂĚĞƌ ĨŽƌ ƵƚŽŵĂƟĐ ŚĂŶĚůŝŶŐ͕ ƐƚŽƌŝŶŐ ĂŶĚ ƉĂĐŬĂŐŝŶŐ ƐǇƐƚĞŵƐ ĨŽƌ ƚŚĞ WůĂƐƟĐ &ŝůŵ WƌŽĚƵĐƟŽŶ͘ ĐŽŵƉůĞƚĞ ƌĂŶŐĞ ŽĨ ĞƋƵŝƉŵĞŶƚ ĂŶĚ ƐǇƐƚĞŵƐ ŝƐ ĂǀĂŝůĂďůĞ ƚŽ ƐĂƟƐĨǇ ĂŶǇ ƉƌŽĐĞƐƐ ƌĞƋƵŝƌĞŵĞŶƚ ŝŶ ƚŚŝƐ ƉƌŽĚƵĐƟŽŶ ƉƌŽĐĞƐƐ͘ DŽƌĞ ŝŶĨŽƌŵĂƟŽŶ ŝƐ ĂǀĂŝůĂďůĞ ŽŶ ƚŚĞ KE& Ed/ ǁĞďƐŝƚĞ ;ǁǁǁ͘ďŽŶĨĂŶƟ͘ŝƚͿ͘

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

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SIDERPIGHI

Siderpighi, innovative products and services The Successful Story goes on ^ŝĚĞƌƉŝŐŚŝ ^͘Ɖ͘ ͕͘ ǁŝƚŚ ŵŽƌĞ ƚŚĂŶ ϲϬ ǇĞĂƌƐ ŽĨ ƐƵĐĐĞƐƐĨƵů ƐƚŽƌǇ͕ ƉƵƚƐ /ƚƐĞůĨ ŝŶ ƚŚĞ ůĞĂĚŝŶŐ ƉŽƐŝƟŽŶ ŽĨ ƚŚĞ ƐƚĞĞů ƉŝƉĞƐ ĚŝƐƚƌŝďƵƟŽŶ͘ tŝƚŚ ĂŶ ŝŶĚƵƐƚƌŝĂů ĂŶĚ ĐŽŵŵĞƌĐŝĂů ĂƌĞĂ ŽĨ ϱϱ͘ϬϬϬ ƐƋƵĂƌĞ ŵĞƚĞƌƐ͕ ĂŶĚ ĂŶ ĂǀĞƌĂŐĞ ƐƚŽĐŬ ĂǀĂŝůĂďŝůŝƚǇ ŽĨ Ϯϱ͘ϬϬϬ ƚŽŶƐ ŽĨ ůŽŶŐŝƚƵĚŝŶĂů ǁĞůĚĞĚ ƉŝƉĞƐ ĂŶĚ ŚŽƚ ƌŽůůĞĚ ƐĞĂŵůĞƐƐ ƉŝƉĞƐ͕ ^ŝĚĞƌƉŝŐŚŝ ŝŶƚƌŽĚƵĐĞƐ /ƚƐĞůĨ ǁŝƚŚ Ă ďƌĂŶĚ ŶĞǁ ŝŵĂŐŝŶĞ͕ ĨŽĐƵƐĞĚ ŽŶ ƐĞƌǀŝĐĞƐ͕ ŝŶ ŽƌĚĞƌ ƚŽ ĐŽǀĞƌ ĂŶĚ ƐĂƟƐĨǇ Ăůů ƚŚĞ ĚŝīĞƌĞŶƚ ƌĞƋƵŝƌĞŵĞŶƚƐ ĂŶĚ ĐŚĂůůĂŶŐĞƐ ŽĨ ƚŚĞ ŵŽĚĞƌŶ ŵĂƌŬĞƚ͘ YƵĂůŝƚǇ WŽůŝĐǇ dŚĞ ŵĂŝŶƚĞŶĂŶĐĞ ĂŶĚ ĚĞǀĞůŽƉŵĞŶƚ ŽĨ ƚŚĞ ůĞĂĚĞƌƐŚŝƉ ŽĨ ƚŚĞ ^ŝĚĞƌƉŝŐŚŝ ^͘Ɖ͘ ͘ ŝŶ ƚŚĞ ƐĂůĞ ŽĨ ƐƚĞĞů ƉŝƉĞƐ ĨŽƌ ŵĞĐŚĂŶŝĐĂů ĂŶĚ ƐƚƌƵĐƚƵƌĂů ĂƉƉůŝĐĂƟŽŶƐ͕ ŝƚ ƉĂƐƐĞƐ ƚŚƌŽƵŐŚ ƚŚĞ ĐŽŵƉůĞƚĞ ƐĂƟƐĨĂĐƟŽŶ ŽĨ ƚŚĞ ŶĞĞĚƐ ŽĨ ĐƵƐƚŽŵĞƌƐ ĂŶĚ ŽƚŚĞƌ ŝŶƚĞƌĞƐƚĞĚ ƉĂƌƟĞƐ ; ƵƐƚŽŵĞƌ͕ ƉƌŽƉĞƌƚǇ͕ ƐƵƉƉůŝĞƌƐ͕ ŚƵŵĂŶ ƌĞƐŽƵƌĐĞƐ͕ ĐŽŵŵƵŶŝƚǇͿ͘ ĞƌƟĮĞĚ ƉƌŽĚƵĐƚ ^dZh dhZ > t > Ͳ W/ Ͳ ^,^ ͬ Z,^ Ͳ ,KE Ͳ ^ D> ^^ Ͳ ZKhE Z ^ŝĚĞƌƉŝŐŚŝ͕ ŽīĞƌƐ Ă ĐŽŵƉůĞƚĞ ƐŝǌĞ ƌĂŶŐĞ ŽĨ ǁĞůĚĞĚ ĂŶĚ ƐĞĂŵůĞƐƐ ƐƚĞĞů ƉŝƉĞƐ͕ ĨŽƌ ƐƚƌƵĐƚƵƌĂů ĂŶĚ ŵĞĐŚĂŶŝĐĂů ĂƉƉůŝĐĂƟŽŶƐ͘ KŶ ĚĞŵĂŶĚ ŝƚ ŵĂǇ ƐƵƉƉůǇ ƐƉĞĐŝĮĐ ĚŝĂŵĞƚĞƌƐ͕ ǁĂůů ƚŚŝĐŬŶĞƐƐĞƐ ĂŶĚ ƚŽůĞƌĂŶĐĞƐ ŶŽƚ ŝŶĐůƵĚĞĚ ŝŶ ƚŚĞ ƚĂďůĞ͕ ŝƚ ŵĂǇ ĞǆĞĐƵƚĞ ƉĂƌƟĐƵůĂƌ ĐŚĞĐŬƐ ĂƐ ǁĞůů ĂƐ ĂŶǇ ŬŝŶĚ ŽĨ ŵĞƚĂůůŽŐƌĂƉŚŝĐ ŝŶǀĞƐƟŐĂƟŽŶ͘ ŽŚĞƌĞŶƚ ǁŝƚŚ ŽƵƌ ĐŽŶƟŶƵŽƵƐ ŝŵƉƌŽǀĞŵĞŶƚ ƐƚƌĂƚĞŐǇ͕ ƚŚĞ ƉƌŽĚƵĐƚƐ ĂƌĞ ƉƵƌĐŚĂƐĞĚ ŽŶ ƚŚĞ ďĂƐŝƐ ŽĨ ƚĞĐŚŶŝĐĂů ƌĞƋƵŝƌĞŵĞŶƚƐ ƚŚĂƚ ĂƌĞ ŵŽƌĞ ƐƚƌŝŶŐĞŶƚ ƚŚĂŶ WƌŽĚƵĐƚ ^ƚĂŶĚĂƌĚƐ ƐƵĐŚ ĂƐ ƚŚĞ ŶŽƌŵĂůŝǌĞĚ ĚĞůŝǀĞƌǇ ĐŽŶĚŝƟŽŶƐ͕ ƚŚĞ ŶŽŶͲĚĞƐƚƌƵĐƟǀĞ ƚĞƐƚƐ͕ ƚŚĞ ĚŝŵĞŶƐŝŽŶĂů ƚŽůĞƌĂŶĐĞƐ ƌĞƐƚƌŝĐƟŽŶƐ͕ ĞƚĐ͘ ,Žƚ ƌŽůůĞĚ ƐĞĂŵůĞƐƐ ƐƚĞĞů ƉŝƉĞƐ dƌŝƉůĞ ŵĂƌŬĞĚ ĂŶĚ ŶŽƌŵĂůŝǌĞĚ ŚŽƚ ƌŽůůĞĚ ƐĞĂŵůĞƐƐ ƉŝƉĞƐ ; ϯϱϱͬ^ϯϱϱ:Ϯ,ͬWϯϱϱEͿ ĂǀĂŝůĂďůĞ ĨƌŽŵ ƐƚŽĐŬ͘ ƐƚĞĞů ŐƌĂĚĞ ϰϳϬ ĂƐ ǁĞůů ĂƐ ŚŝŐŚ ǇŝĞůĚ ƐƚƌĞŶŐŚƚ Žƌ Yнd ƉŝƉĞƐ ŽŶ ĚĞŵĂŶĚ ; ϱϵϬ<Ϯ ͬ WϲϵϬY ͬ ϰϮ ƌDŽϰ ĞƚĐͿ ͻ^ŝǌĞ ƌĂŶŐĞ͗ ĨƌŽŵ ĚŝĂŵ͘ ϯϯ͕ϳ ŵŵ ƚŽ ĚŝĂŵ͘ϳϭϭ ŵŵ ͻYƵĂůŝƚǇ͗ ϯϱϱ ͬ ϰϳϬ ͬ ^ϯϱϱ:K, ͬ ^ϯϱϱ:Ϯ, ͬ WϯϱϱE ͻ^ƚĂŶĚĂƌĚ͗ E ϭϬϮϵϳͲϭͬ E ϭϬϮϭϬ ϭͲϮͬ E ϭϬϮϭϲͲϯ >ŽŶŐŝƚƵĚŝŶĂů ǁĞůĚĞĚ W/ ƉŝƉĞƐ ^ŝĚĞƌƉŝŐŚŝ ĐĂŶ ƉƌŽǀŝĚĞ ĨƌŽŵ ƐƚŽĐŬ Ă ǁŝĚĞ ƌĂŶŐĞ ŽĨ ŚŝŐŚ ǇŝĞůĚ ƐƚƌĞŶŐƚŚ ^ t ůŽŶŐŝƚƵĚŝŶĂů ǁĞůĚĞĚ ƉŝƉĞƐ ĨŽƌ ƉŝƉĞůŝŶĞƐ͕ ŽīƐŚŽƌĞ ĂŶĚ ƉĞƚƌŽĐŚĞŵŝĐĂů ĂƉƉůŝĐĂƟŽŶƐ͘ dŚĞ WĂƌƚŶĞƌƐŚŝƉ ǁŝƚŚ ŽŶĞ ŽĨ ƚŚĞ ŵŽƐƚ ŝŵƉŽƌƚĂŶƚ ǁŽƌůĚ ƉƌŽĚƵĐĞƌ͕ ͞E/WWKE ^d > Θ ^hD/dKDK D d > KZWKZ d/KE͕͟ ĂůůŽǁƐ ƚŽ ƐĂƟƐĨǇ Ăůů ƚŚĞ ŵŽƐƚ ĐŽŵƉůŝĐĂƚĞĚ ƌĞƋƵĞƐƚƐ͘

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

ͻ^ŝǌĞ ƌĂŶŐĞ͗ ĨƌŽŵ ĚŝĂŵ͘ ϰϱϳ ŵŵ ƚŽ ĚŝĂŵ͘ ϭϮϭϵ ŵŵ ͻYƵĂůŝƚǇ͗ >ϯϲϬ ͬ yϱϮ ͬ >ϰϭϱ ͬ yϲϬ ͬ >ϰϱϬ ͬ yϲϱ ͬ >ϰϴϱ ͬ yϳϬ ͬ >ϱϱϱ ͬ yϴϬ >ŽŶŐŝƚƵĚŝŶĂů ǁĞůĚĞĚ ƉŝƉĞƐ ĨŽƌ ƐƚƌƵĐƚƵƌĂů ĂƉƉůŝĐĂƟŽŶƐ Zt ĂŶĚ ^ t ůŽŶŐŝƚƵĚŝŶĂů ǁĞůĚĞĚ ƉŝƉĞƐ͕ ĨƌŽŵ ƵƌŽƉĞĂŶ ƉƌŽĚƵĐƟŽŶ͕ ĨŽƌ ƐƚƌƵĐƚƵƌĂů ĂƉƉůŝĐĂƟŽŶƐ ;ŚĞĂǀǇ ŝŶĚƵƐƚƌŝĂů͕ Đŝǀŝů ĂŶĚ ŽīƐŚŽƌĞ ƐƚĞĞů ƐƚƌƵĐƚƵƌĞƐͿ͘ ͻ^ŝǌĞ ƌĂŶŐĞ Zt͗ ĨƌŽŵ ĚŝĂŵ͘Ϯϭϵ͕ϭ ŵŵ ƚŽ ĚŝĂŵ͘ϲϭϬ ŵŵ͘

ŵĂĐŚŝŶĞƐ ĂůůŽǁ ƚŽ ƉƌŽĚƵĐĞ ƐŚŽƌƚ ĂŶĚ ůŽŶŐ ƐĞƌŝĞƐ ƵƉ ƚŽ ϳϭϭŵŵ K͘ ͘

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SIDERPIGHI

ŽƌŝŶŐ ŚŽŶŝŶŐ dŚŝƐ ƐĞƌǀŝĐĞ ŝƐ ĂǀĂŝůĂďůĞ ŝŶ ƚŚĞ ŵĞĐŚĂŶŝĐĂů ƉŝƉĞƐ ƐŝǌĞ ƌĂŶŐĞ ƵƉ ƚŽ ƚŚĞ ϲϬϬ ŵŵ /͘ ͘ ƐƵŝƚĂďůĞ ĨŽƌ ŚǇĚƌĂƵůŝĐ ǇůŝŶĚĞƌƐ͘ ,ĞĂƚ ƚƌĞĂƚŵĞŶƚƐ &Žƌ ƐƉĞĐŝĂů ĂƉƉůŝĐĂƟŽŶƐ͕ Ăůů ƚŚĞ ƐƚŽĐŬ ƉŝƉĞƐ ĐĂŶ ďĞ ŚĞĂƚ ƚƌĞĂƚĞĚ ĂŌĞƌǁĂƌĚƐ͕ ĂĐĐŽƌĚŝŶŐ ƚŽ ƚŚĞ ĐƵƐƚŽŵĞƌ͛Ɛ ŶĞĞĚƐ͘ ^ƚƌĂŝŐŚƚĞŶŝŶŐ dŚĞ ^ƚƌĂŝŐŚƚĞŶŝŶŐ ƐĞƌǀŝĐĞ ĨŽƌ ƐƉĞĐŝĂů ŵĞĐŚĂŶŝĐĂů ĂƉƉůŝĐĂƟŽŶƐ ĐĂŶ ďĞ ĞǆĞĐƵƚĞĚ ǁŝƚŚ ŵŽƌĞ ƌĞƐƚƌŝĐƚĞĚ ƚŽůĞƌĂŶĐĞƐ ĐŽŵƉĂƌĞĚ ƚŽ ƚŚĞ ƐƚĂŶĚĂƌĚƐ͘ ͻ^ŝǌĞ ƌĂŶŐĞ ^ t͗ ĨƌŽŵ ĚŝĂŵ͘ ϲϭϬ ŵŵ ƚŽ ĚŝĂŵ͘ϭϮϭϵ ŵŵ͘ ͻYƵĂůŝƚǇ͗ ^Ϯϳϱ:Ϭ, ͬ ^ϯϱϱ:Ϭ, ͬ ^ϯϱϱ:Ϯ, ͻ^ƚĂŶĚĂƌĚƐ͗ E ϭϬϮϭϵ ϭͲϮ

^ƵƌĨĂĐĞ ƚƌĞĂƚŵĞŶƚƐ dŚĞ ƉŝƉĞƐ ĐĂŶ ďĞ ƐĂŶĚďůĂƐƚĞĚ ĂŶĚ ĚĞůŝǀĞƌĞĚ ǁŝƚŚŽƵƚ ƌŽůůŝŶŐ ŝŵƉƵƌŝƟĞƐ͕ ŝŶ ŽƌĚĞƌ ƚŽ ƌĞĚƵĐĞ ƚŚĞ ƐƵďƐĞƋƵĞŶƚ ǁŽƌŬŝŶŐ ƵƐƚĂŐĞƐ͘

^ƋƵĂƌĞ ĂŶĚ ƌĞĐƚĂŶŐƵůĂƌ ŚŽůůŽǁ ƐĞĐƟŽŶƐ ĨŽƌ ƐƚƌƵĐƚƵƌĂů ĂƉƉůŝĐĂƟŽŶƐ dŽ ĐŽŵƉůĞƚĞ ƚŚĞ ƉƌŽĚƵĐƚ ƌĂŶŐĞ͗ ^ƋƵĂƌĞ ĂŶĚ ƌĞĐƚĂŶŐƵůĂƌ ƐĞĂŵůĞƐƐ ĂŶĚ ǁĞůĚĞĚ ;ŚŽƚ ĂŶĚ ĐŽůĚ ĨŽƌŵĞĚͿ ŚŽůůŽǁ ƐĞĐƟŽŶƐ ĨŽƌ ƐĞǀĞƌĂů ƐƚƌƵĐƚƵƌĂů ĂƉƉůŝĐĂƟŽŶƐ ;ƐƚĞĞů ƐƚƌƵĐƚƵƌĞƐ͕ ĐƌĂŶĞ ƉƌŽĚƵĐƟŽŶ͕ ĚƌŝůůŝŶŐ ƚŽǁĞƌƐ͕ ĞƚĐ͘Ϳ

dĞĐŚŶŝĐĂů ƐŬŝůůƐ dŚĞ ŚŝŐŚ ƚĞĐŚŶŝĐĂů ƐŬŝůůĞĚ ƉĞŽƉůĞ ;ĐŽŶƟŶŽƵƐůǇ ƵƉĚĂƚĞĚ ǁŝƚŚ ƉĞƌŝŽĚŝĐĂů ƐƚĂŐĞƐ ďǇ ƚŚĞ ŵŽƐƚ ƉƌĞƐƟŐŝŽƵƐ ŵŝůůƐͿ ŐƵĂƌĂŶƚĞĞ ŚŝŐŚ ĂŶĚ ĐŽŵƉůĞƚĞ ƚĞĐŚŶŝĐĂů ĂĚǀŝĐĞƐ͘

ͻYƵĂůŝƚǇ͗ ^ϯϱϱ:Ϯ, ͻZĞĨĞƌĞŶĐĞ ƐƚĂŶĚĂƌĚƐ͗ E ϭϬϮϭϬ ϭͲϮ ͬ E ϭϬϮϭϵ ϭͲϮ ĂƌďŽŶ ƐƚĞĞů ƌŽƵŶĚ ďĂƌ

/ŶƚĞƌŶĂƟŽŶĂů ƉĂƌƚŶĞƌƐŚŝƉƐ dŚĞ ƐƚƌŽŶŐ ĂŶĚ ůŽŶŐůĂƐƟŶŐ ƌĞůĂƟŽŶƐŚŝƉ ǁŝƚŚ ƚŚĞ ŵĂŝŶ ƵƌŽƉĞĂŶ ĂŶĚ tŽƌůĚ ƉƌŽĚƵĐĞƌƐ ƉƵƚƐ ^/ ZW/',/ ŽŶ ƚŚĞ ƚŽƉ ŽĨ ĞǆĐĞůůĞŶĐĞ ŝŶ ƚŚĞ ŵŽĚĞƌŶ ŵĂƌŬĞƚ ƚŚĂƚ ŝŶĐƌĞĂƐŝŶŐůǇ ĚĞŵĂŶĚƐ ŵŽƌĞ ĂŶĚ ŵŽƌĞ ĐĞƌƟĮĞĚ ƉƌŽĚƵĐƚƐ͘

ͻ^ŝǌĞ ƌĂŶŐĞ͗ ĨƌŽŵ Ɔ ϮϬ ŵŵ͘ ƚŽ Ɔ ϯϱϬ ŵŵ͘ ͻ^ƚĂŶĚĂƌĚƐ͗ E ϭϬϬϴϯͲϮ Ͳ ϰϱ ͬ E ϭϬϬϮϱͲϮ ^ϯϱϱ:Ϯ

&ĂƐƚ ĚĞůŝǀĞƌŝĞƐ dŚĂŶŬƐ ƚŽ /ƚƐ ŽǁŶ ƚƌƵĐŬƐ ĂŶĚ ƚŽ ƚŚĞ ƉĂƌƚŶĞƌƐŚŝƉƐ ǁŝƚŚ

KƵƌ ƐĞƌǀŝĐĞƐ ^ŝĚĞƌƉŝŐŚŝ͕ ĂƐ ǁĞůů ĂƐ ŽīĞƌŝŶŐ Ă ĐŽŵƉůĞƚĞ ƐŝǌĞ ƌĂŶŐĞ ǁŝƚŚ ŚĞĂǀǇ ƐƚŽĐŬ ĂǀĂŝůĂďŝůŝƚǇ͕ ŝƐ ĨŽĐƵƐŝŶŐ ŽŶ ĚŝīĞƌĞŶƚ ĂŶĚ ĐƵƐƚŽŵŝǌĞĚ ƐŽůƵƟŽŶƐ ĂŶĚ ƐĞƌǀŝĐĞƐ dŚĞ ŶĞǁ ͘Z͘W͘ ƐǇƐƚĞŵ ƚƌĂĐŬƐ Ăůů ƚŚĞ ƐƚŽĐŬĞĚ ƉƌŽĚƵĐƚƐ ĂŶĚ ŐŝǀĞƐ Ăůů ƚŚĞ ŶĞĞĚĞĚ ZĞĂů dŝŵĞ /ŶĨŽ ;ƋƵĂůŝƚǇ͕ ůĞŶŐƚŚƐ͕ ƐƵƉƉůŝĞƌƐ͕ ĞƚĐ͘Ϳ

ƚŚĞ ŵĂŝŶ ƚƌĂŶƐƉŽƌƚ ĐŽŵƉĂŶŝĞƐ͕ ^/ ZW/',/ ŐƵĂƌĂŶƚĞĞĚ ĨĂƐƚ ĚĞůŝǀĞƌŝĞƐ Ăůů ĂƌŽƵŶĚ ƚŚĞ ƵƌŽƉĞ͘ dŚĞ ŚŝŐŚ ƋƵĂůŝƚǇ ƉĂĐŬĂŐŝŶŐ ĐŽŵƉůĞƚĞƐ ƚŚĞ ƐƵƉƉůǇ͘ &Žƌ ŵŽƌĞ ŝŶĨŽƌŵĂƟŽŶ͗ ǁǁǁ͘ƐŝĚĞƌƉŝŐŚŝ͘ŝƚ

Ƶƚ ƚŽ Įǆ ůĞŶŐƚŚƐ dŚĞ ŶĞǁ ŐĞŶĞƌĂƟŽŶ ĂƵƚŽŵĂƟĐ E ĐŽŶƚƌŽů ďĂŶĚƐĂǁŝŶŐ

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

NEWS

HYTEK

Hytek S.r.l. world leader in the marketing of products for the primary treatment of water >ĞĂĚĞƌ ,ǇƚĞŬ ^͘ƌ͘ů͘ ǁŽƌůĚ ůĞĂĚĞƌ ŝŶ ƚŚĞ ŵĂƌŬĞƟŶŐ ŽĨ ƉƌŽĚƵĐƚƐ ĨŽƌ ƚŚĞ ƉƌŝŵĂƌǇ ƚƌĞĂƚŵĞŶƚ ŽĨ ǁĂƚĞƌ͕ ŚĂƐ ďĞĞŶ ŝŶ ŽƉĞƌĂƟŽŶ ĨŽƌ ĂůŵŽƐƚ ϯϬ ǇĞĂƌƐ ĂŶĚ ŝƐ ǁŝĚĞůǇ ĂƉƉƌĞĐŝĂƚĞĚ ĂŶĚ ƌĞĐŽŐŶŝƐĞĚ ďǇ ƚŚĞ ŵĂƌŬĞƚ ĂŶĚ ďǇ ƚŚĞ ŝŶƐƚĂůůĂƟŽŶ ƐĞĐƚŽƌ͘ /Ŷ ƚŚĞ ǁŽƌůĚ ,ǇƚĞŬ ^͘ƌ͘ů͘ ŝƐ ƉƌĞƐĞŶƚ Ăůů ŽǀĞƌ ƚŚĞ ǁŽƌůĚ ƚŚĂŶŬƐ ƚŽ ƚŚĞ ŵĂŶǇ ƉĂƌƚŶĞƌƐ͕ ŽĸĐĞƐ ĂŶĚ ǁĂƌĞŚŽƵƐĞƐ ;^ĞƌďŝĂ͕ ŐǇƉƚ͕ dƵƌŬĞǇ͕ ^ĂƵĚŝ ƌĂďŝĂͿ ĞŶƐƵƌŝŶŐ Ă ƐƚƌŽŶŐ ƉƌĞƐĞŶĐĞ ǁŝƚŚ ƉƌŽĚƵĐƚƐ ĂŶĚ ƚĞĐŚŶŝĐĂů ŬŶŽǁͲŚŽǁ͘ DŝƐƐŝŽŶ dŚĂŶŬƐ ƚŽ ĞǆƚĞŶƐŝǀĞ ŝŶǀĞƐƚŵĞŶƚ ŝŶ ƌĞĐĞŶƚ ǇĞĂƌƐ ,ǇƚĞŬ ŚĂƐ ƉůĂĐĞĚ ĐƵƐƚŽŵĞƌ ƐĂƟƐĨĂĐƟŽŶ ĂƐ ŝƚƐ ƉƌŝŵĂƌǇ ŽďũĞĐƟǀĞ͘ /Ŷ ůŝƐƟŶŐ ƚŚĞ ĞĐŽŶŽŵŝĐ ĞīŽƌƚƐ ƚĂŬĞŶ ƵƉ ;ƚŚĞ ƐĞĂƌĐŚ ĨŽƌ ƉƌŽĚƵĐƚƐ ĂŶĚ ƋƵĂůŝĮĞĚ ƐƵƉƉůŝĞƌƐ͕ ĨƌĞƋƵĞŶĐǇ ĂŶĚ ƐƉĞĞĚ ŽĨ ĚĞůŝǀĞƌŝĞƐ͕ ŇĞǆŝďŝůŝƚǇ͕ Ă ĐŽŵƉĞƚĞŶƚ ƐĞƌǀŝĐĞ ŽĨ ƚĞĐŚŶŝĐĂůͬƉůĂŶŶŝŶŐ ĂƐƐŝƐƚĂŶĐĞ͕ Ă ŵĂƐƐŝǀĞ ǁĂƌĞŚŽƵƐĞ ŽĨ ĂďŽƵƚ ϰϱϬϬ ƐƋƵĂƌĞ ŵĞƚƌĞƐͿ͕ ǁĞ ĨĞĞů ŽƵƌƐĞůǀĞƐ͕ ƐŽŵĞǁŚĂƚ ĂŵďŝƟŽƵƐůǇ ĂŶĚ ŶŽƚ ǁŝƚŚŽƵƚ ƉƌŝĚĞ͕ ƚŽ ďĞ ƚŚĞ ďĞĂƌĞƌƐ ĂŶĚ ĚĞĮŶĞƌƐ ŽĨ Ă ǀŽŝĐĞ ŝŶ ĂŶ ĞǀĞƌ ŵŽƌĞ ĚĞŵĂŶĚŝŶŐ ŵĂƌŬĞƚ͕ ƚŚĂƚ ǁĂŶƚƐ ƚŽ ŐŝǀĞ ĂĚĚĞĚ ǀĂůƵĞ ƚŽ ƉƌŽĚƵĐƚƐ ƉƵƌĐŚĂƐĞĚ Ăƚ ĐŽŵƉĞƟƟǀĞ ƉƌŝĐĞƐ͘ Partners ŶĚ ŝƚ ŝƐ ƉƌŽďĂďůǇ ĨŽƌ ƚŚŝƐ ƌĞĂƐŽŶ ƚŚĂƚ ůĂƌŐĞ ƉƌŽĚƵĐĞƌƐ͕ ůĞĂĚĞƌƐ ŝŶ ƚŚĞ ǁĂƚĞƌ ƚƌĞĂƚŵĞŶƚ ƐĞĐƚŽƌ͕ ůŝŬĞ Žǁ ŚĞŵŝĐĂůƐ ; ŽǁĞǆ ŝŽŶŝĐ ĞǆĐŚĂŶŐĞ ƌĞƐŝŶ ĂŶĚ &ŝůŵƚĞĐ ŵĞŵďƌĂŶĞƐ ĨŽƌ ŝŶǀĞƌƐĞ ŽƐŵŽƐŝƐ ƉƌŽĐĞƐƐĞƐͿ͕ ŽĚĞ>ŝŶĞ ;ƉƌĞƐƐƵƌĞ ǀĞƐƐĞůƐ ĨŽƌ ŝŶǀĞƌƐĞ ŽƐŵŽƐŝƐ ŵĞŵďƌĂŶĞƐͿ͕ WĞŶƚĂŝƌ tĂƚĞƌ /Ŷƚ͘ ;^ƚƌƵĐƚƵƌĂů ĮďĞƌŐůĂƐƐ ƚĂŶŬ͕ ^ŝĂƚĂ ĂŶĚ &ůĞĐŬ ǀĂůǀĞƐͿ͕ &ĞĚĐŽ WƵŵƉƐ ;ůĞĂĚĞƌ ŝŶ ƚŚĞ ĚĞƐŝŐŶ͕ ŵĂŶƵĨĂĐƚƵƌĞ͕ ŽĨ ŚŝŐŚ ƉƌĞƐƐƵƌĞ ƉƵŵƉƐ ĂŶĚ ŶĞƌŐǇ ƌĞĐŽǀĞƌǇ ĨŽƌ ďƌĂĐŬŝƐŚ ĂŶ ƐĞĂǁĂƚĞƌ ZK ƐǇƐƚĞŵƐͿ͕ 'ƌƵŶĚĨŽƐ ; ĸĐŝĞŶƚ ƉƵŵƉ ƐŽůƵƟŽŶƐ ĨŽƌ Ăůů ƉƵƌƉŽƐĞƐͿ͕ &ŝƌƐƚ >ŝŐŚƚ dĞĐŚŶŽůŽŐŝĞƐ͕ /ŶĐ͘ ;ůĞĂĚŝŶŐ ŵĂŶƵĨĂĐƚƵƌĞƌ ŽĨ ďŽƚŚ ůŽǁ Ͳϭϴϱ ĂŶĚ ϮϱϰŶŵ ǁĂǀĞůĞŶŐƚŚƐ Ͳ ĂŶĚ ŵĞĚŝƵŵ ƉƌĞƐƐƵƌĞ hs ůĂŵƉƐͿ ĂŶĚ E > K ;ůĞĂĚĞƌ ŝŶ ƚŚĞ ZK ĐŚĞŵŝĐĂů ƉƌŽĚƵĐƚƐͿ ŚĂǀĞ ďĞůŝĞǀĞĚ ŝŶ ,ǇƚĞŬ͕ ƚƌƵƐƟŶŐ ƵƐ ǁŝƚŚ ƚŚĞŝƌ ĚŝƐƚƌŝďƵƟŽŶ ĂŶĚ ƚŚƵƐ ĨŽƌŐŝŶŐ Ă ƉĂƌƚŶĞƌƐŚŝƉ ŽŶ ƚŚĞ ŚŝŐŚĞƐƚ ůĞǀĞů͘

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

,zd < ^Z> sŝĂ ZĂīĂĞůůŽ ^ĂŶǌŝŽ ϲ͕ ϰϯϬϰϱ ZŝĐĐž Ěŝ &ŽƌŶŽǀŽ ;WĂƌŵĂͿ͕ /ƚĂůǇ dĞů͘ нϯϵ͘ϬϱϮϱ͘ϰϬϭϬϵϭ &Ăǆ нϯϵ͘ϬϱϮϱ͘ϰϬϭϭϬϭ

ŵĂŝů͗ ŝŶĨŽΛŚǇƚĞŬŝŶƚů͘ĐŽŵ ͮ ǁǁǁ͘ŚǇƚĞŬŝŶƚů͘ĐŽŵ

NEWS

MEPOL

Mepol Group, the expert team of the circular economy of plastics dŚĞ ŐƌĞĞŶ ĞĐŽŶŽŵǇ ƐƵƉƉŽƌƚƐ ĂŶ ŝŵƉŽƌƚĂŶƚ ŵĂƌŬĞƚ ǁŝƚŚ ŐƌĞĂƚ ƉƌŽƐƉĞĐƚƐ ĨŽƌ ŐƌŽǁƚŚ͕ ǁŝƚŚ ƌĞŐĂƌĚ ƚŽ ƉůĂƐƟĐƐ ŝŶ ƉĂƌƟĐƵůĂƌ͘ dŚĞ ͞ǀĂůƵĞ ĐŚĂŝŶ͕͟ ŽŶ ǁŚŝĐŚ ƚŚĞ ƵƌŽƉĞĂŶ ŽŵŵŝƐƐŝŽŶ ĂŶĚ ƚŚĞ ǁŽƌůĚ͛Ɛ ƉŽůŝĐŝĞƐ ƌĞůǇ͕ ƌĞƋƵŝƌĞƐ ĐŽŶƐƚĂŶƚ ĚĞǀĞůŽƉŵĞŶƚ ĂŶĚ ĂǁĂƌĞŶĞƐƐ ƚŽ ͞ĐůŽƐĞ ƚŚĞ ĐŝƌĐůĞ͟ ŽĨ ƚŚĞ ĐŝƌĐƵůĂƌ ĞĐŽŶŽŵǇ͘ DĞƉŽů 'ƌŽƵƉ ŚĂƐ ĂĚŽƉƚĞĚ ĂŶ ĞĐŽŶŽŵŝĐ ŵŽĚĞů ĨŽƌ ǁŚŝĐŚ ǁŚĂƚ ŝƐ ƵŶƵƐĂďůĞ ĨƌŽŵ ŽŶĞ ďĞĐŽŵĞƐ Ă ƌĞƐŽƵƌĐĞ ĨŽƌ ƐŽŵĞŽŶĞ ĞůƐĞ͕ ƐƉĞĐŝĂůŝǌŝŶŐ ŝŶ ƚŚĞ ƌĞͲƵƐĞ ŽĨ ĞŶĚͲŽĨͲǁĂƐƚĞ ŵĂƚĞƌŝĂůƐ͕ ďǇͲƉƌŽĚƵĐƚƐ ĂŶĚ ƐŽƵƌĐĞ ƌĞĚƵĐƟŽŶ͕ ŝŶ ŽƌĚĞƌ ƚŽ ďĞ ĨĂŝƚŚĨƵů ƚŽ ŝƚƐ ĐŽƌƉŽƌĂƚĞ ŵŝƐƐŝŽŶ͗ ďĞŝŶŐ ĂďůĞ ƚŽ ďĞ ƚƌƵĞ ƉĂƌƚŶĞƌƐ ĨŽƌ ŝƚƐ ĐƵƐƚŽŵĞƌƐ͕ ƚŚƌŽƵŐŚ Ă ĐĂƌĞĨƵů ĂŶĚ ƐƉĞĐŝĮĐ ĐŽƵŶƐĞůůŝŶŐ ƚŚĂƚ ůĞĂĚƐ ƚŽ ƚŚĞ ƌĞĂůŝƐĂƟŽŶ ŽĨ ĐƵƐƚŽŵŝǌĞĚ ƉƌŽũĞĐƚƐ͘ dŚŝƐ ĐŝƌĐƵůĂƌ ƉƌŽĐĞƐƐ ƐƚĂƌƚƐ ǁŝƚŚ ƚŚĞ ĚĞƐŝŐŶ͗ ĂƐ ĐŽŵƉŽƵŶĚĞƌƐ͕ DĞƉŽů ĂŶĚ ŝƚƐ ƐƵďƐŝĚŝĂƌǇ /d/ WŽůĂŶĚ ƐƵƉƉŽƌƚ ƚŚĞŝƌ ĐƵƐƚŽŵĞƌƐ ŝŶ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚ ŽĨ ƐƉĞĐŝĮĐ ƉƌŽĚƵĐƚƐ͕ ŵĂŶƵĨĂĐƚƵƌŝŶŐ ƉĞƌƐŽŶĂůŝǌĞĚ ĐŽŵƉŽƵŶĚƐ ƚŚĂƚ ŵĞĞƚ ƚŚĞ ƚĞĐŚŶŝĐĂů ĂŶĚ ĂĞƐƚŚĞƟĐ ƌĞƋƵŝƌĞŵĞŶƚƐ ŽĨ ƚŚĞ ĮŶĂů ƵƐĞƌ͘ dŚĞ ZΘ ůĂďŽƌĂƚŽƌŝĞƐ ĂƌĞ ĞƋƵŝƉƉĞĚ ǁŝƚŚ ĐƵƫŶŐͲĞĚŐĞ ƚĞĐŚŶŽůŽŐǇ ĂŶĚ ĐĂƌƌǇ ŽƵƚ Ăůů ƚŚĞ ƌĞƋƵŝƌĞĚ ƚĞƐƚƐ ĂŶĚ ĂŶĂůǇƐĞƐ ƚŽ ŝĚĞŶƟĨǇ ƚŚĞ ŵĂƚĞƌŝĂů͕ ƚŽ ĚĞƐŝŐŶ ĂŶĚ ĚĞǀĞůŽƉ ŶĞǁ ƉƌŽĚƵĐƚƐ͕ ĂŶĚ ƚŽ ƉƌŽǀŝĚĞ ĨĂƐƚ ĂŶĚ ĐŽŵƉůĞƚĞ ƐŽůƵƟŽŶƐ ĨŽƌ ƚŚĞŝƌ ĐƵƐƚŽŵĞƌƐ͘ dŚĞ ƌĂŶŐĞ ŽĨ ƉƌŽĚƵĐƚƐ ŝŶĐůƵĚĞƐ Ă ǁŝĚĞ ƐĞůĞĐƟŽŶ ŽĨ ŚŝŐŚͲƚĞĐŚ ƚŚĞƌŵŽƉůĂƐƟĐ ĐŽŵƉŽƵŶĚƐ ;DĞƉůĞŶ Ͳ WW͕ DĞƉůĂĐ Ͳ ^͕ DĞǇƚĞů Ͳ W Ϳ ĂŶĚ ĞĐŽͲƐƵƐƚĂŝŶĂďůĞ ĐŽŵƉŽƵŶĚƐ ;ŽƵƌ K ĐŽŵƉŽƵŶĚƐ͕ ǁŝƚŚ Ăƚ ůĞĂƐƚ ϯϬй ƌĞĐǇĐůĞĚ ŵĂƚĞƌŝĂůƐ ŝŶ ŝƚƐ ĨŽƌŵƵůĂƟŽŶ ĂŶĚ ƌĞĐǇĐůĞĚ ^/ ĐĞƌƟĮĞĚͿ ŽŶ Ă WW͕ W ͕ W ͕ ^ ďĂƐŝƐ ͕ W Ͳ ^͕ W^ ĐŚĂƌŐĞĚ ǁŝƚŚ ŐůĂƐƐ ĮďƌĞ͕ ĐĂůĐŝƵŵ ĐĂƌďŽŶĂƚĞ͕ ƚĂůĐƵŵ ĂŶĚ ŵĂŶǇ ĚŝīĞƌĞŶƚ ĮůůĞƌƐ͘ dŚĞ ͞ŝŶĚƵƐƚƌŝĂů ƐǇŵďŝŽƐŝƐ͟ ŝŶ ǁŚŝĐŚ ǁĂƐƚĞ͕ ƐĞĐŽŶĚĂƌǇ

D/Z K D > dK ͮ WƌĞƐŝĚĞŶƚ ŽĨ D WK> 'ZKhW

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

ƌĂǁ ŵĂƚĞƌŝĂůƐ Žƌ ďǇͲƉƌŽĚƵĐƚƐ ƉƌŽĚƵĐĞĚ ďǇ ĂŶǇ ŝŶĚƵƐƚƌǇ ďĞĐŽŵĞ ƚŚĞ ŝŶƉƵƚ ĨŽƌ ĂŶŽƚŚĞƌ ƉƌŽĚƵĐƟŽŶ ƉƌŽĐĞƐƐ͕ ŚĂƐ ďĞĞŶ ĐŽŶƐŽůŝĚĂƚĞĚ ďǇ ƚŚĞ ĨŽƵŶĚĂƟŽŶ ŽĨ WŽůĂƌ͕ ƚŚĞ ĐŽŵƉĂŶǇ ŽĨ DĞƉŽů 'ƌŽƵƉ ƚŚĂƚ ŚĂƐ ĚĞǀĞůŽƉĞĚ ŝƚƐ ĂĐƟǀŝƚǇ ŝŶ ƚŚĞ ƉƌŽĐĞƐƐŝŶŐ ĂŶĚ ŝŶ ƚŚĞ ƚƌĂĚĞ ŽĨ ƉůĂƐƟĐ ŵĂƚĞƌŝĂůƐ ĚĞƌŝǀŝŶŐ ĨƌŽŵ ŝŶĚƵƐƚƌŝĂů ĂŶĚ ƉŽƐƚͲĐŽŶƐƵŵĞƌ ǁĂƐƚĞ͕ ĐĞƌƟĮĞĚ ĂĐĐŽƌĚŝŶŐ ƚŽ hE/ ϭϬϲϲϳͲϭ͘ ĂƐĞĚ ŝŶ &ĞƌƌĂƌĂ͕ WŽůĂƌ ƉƌŽĚƵĐĞƐ ƌͲƉŽůǇŵĞƌƐ ĂŶĚ ĚŝƐƚƌŝďƵƚĞƐ ƉůĂƐƟĐƐ ďŽƚŚ ŝŶ /ƚĂůǇ ĂŶĚ ĂďƌŽĂĚ͘ ^ŽŵĞƟŵĞƐ͕ ŚŽǁĞǀĞƌ͕ ƚŚĞ ĂƉƉůŝĐĂƟŽŶ ĨŽƌ ƚŚĞ ĮŶĂů ƌĞƐƵůƚ Žƌ ĨŽƌ ƚŚĞ ůĞŐĂů ƌĞƋƵŝƌĞŵĞŶƚƐ ;ƐƵĐŚ ĂƐ ĨŽƌ ƚŚĞ ĨŽŽĚ ŝŶĚƵƐƚƌǇ Žƌ ƚŚĞ ŵĞĚŝĐĂů ƐĞĐƚŽƌͿ ĚŽĞƐ ŶŽƚ ĂůůŽǁ ƚŚĞ ƵƐĞ ŽĨ Ă ŵĂƚĞƌŝĂů ƚŚĂƚ ŚĂƐ ĂůƌĞĂĚǇ ƵŶĚĞƌŐŽŶĞ Ă ĐǇĐůĞ ŽĨ ƵƐĞ ďƵƚ ŝƚ ŝƐ ŶĞĐĞƐƐĂƌǇ ƚŽ ƵƐĞ Ă ƐŽͲĐĂůůĞĚ ͞ǀŝƌŐŝŶ͟ Žƌ ĮƌƐƚ ĐŚŽŝĐĞ ŵĂƚĞƌŝĂů͘ dŚĞ ĐŽŵƉŽƵŶĚŝŶŐ ƉƌŽĐĞƐƐ ƐƵƉƉŽƌƚƐ ƚŚĞƐĞ ƌĞƋƵŝƌĞŵĞŶƚƐ ƚŚƌŽƵŐŚ ƐƚƵĚǇŝŶŐ ĂŶĚ ƚĞƐƟŶŐ ƚŚĞ ŵĂƚĞƌŝĂůƐ ƉƌŽĚƵĐĞĚ ŝŶ ĂĐĐŽƌĚĂŶĐĞ ǁŝƚŚ ƐƉĞĐŝĮĐ ĐĞƌƟĮĐĂƟŽŶƐ ; ZĞŐ͘ ͞Z ,͟ EŽ͘ ϭϵϬϳͬϮϬϬϲ͕ ŝƌ͘ ͞ZŽ,^͟ ϮϬϬϮͬϵϱ ͬ ͕ tZ ^͕ ^͕ ͘͘͘ Ϳ͕ ĂŶĚ ƚŚĞ ƐƵďƐŝĚŝĂƌǇ /d/ WŽůǇŵĞƌƐ ŚĂƐ ŵĂŶĂŐĞĚ ƚŽ ĐƌĞĂƚĞ Ă ŶĞƚǁŽƌŬ ďĞƚǁĞĞŶ ƚŚĞ ŵĂũŽƌ ƉƌŝŵĂƌǇ ƉƌŽĚƵĐĞƌƐ ŽĨ ƉůĂƐƟĐƐ ĂŶĚ ƚŚĞ ĞŶĚ ĐƵƐƚŽŵĞƌ ǁŚŽ ŶĞĞĚ Ă ƚĂƌŐĞƚĞĚ ĂŶĚ ƉƌŽĨĞƐƐŝŽŶĂů ĚŝƐƚƌŝďƵƟŽŶ͘ dŚĞ ƌĂŶŐĞ ŽĨ ƉƌŽĚƵĐƚƐ ĚŝƐƚƌŝďƵƚĞĚ ŝƐ ǀĞƌǇ ǁŝĚĞ ĂŶĚ ŝŶĐůƵĚĞƐ ƚŚĞ ĞŶƟƌĞ ŵĂƚĞƌŝĂů ƉŽƌƞŽůŝŽ ŽĨ ƚŚĞ DK> ŐƌŽƵƉ ;ǁŚŝĐŚ ŚĂƐ ŵĞƌŐĞĚ ^ůŽǀŶĂŌ ĂŶĚ ds<Ϳ͕ ƚŚĞ ƉŽůǇƐƚǇƌĞŶĞ ŽĨ ^ǇŶƚŚŽƐ͕ ƚŚĞ ƉŽůǇƉƌŽƉǇůĞŶĞ ŽĨ ŚĞǀƌŽŶ WŚŝůŝƉƐ ĂŶĚ͕ ŽŶůǇ ĨŽƌ /ƚĂůǇ͕ ƚŚĞ ĞŶƟƌĞ ƌĂŶŐĞ ŽĨ ZƵŝĐŚĞŵ ƟƚĂŶŝƵŵ ĚŝŽǆŝĚĞ͘ /Ŷ ƚŚŝƐ ǁĂǇ ŽĨ ǁŽƌŬŝŶŐ͕ ƚŚĞ ĐƵƐƚŽŵĞƌ ĂŶĚ ƚŚĞ ƐƵƉƉůŝĞƌ ďĞĐŽŵĞ ƉĂƌƚ ŽĨ Ă ƐǇƐƚĞŵ ƚŚĂƚ ƉƌŽƚĞĐƚƐ ƚŚĞŵ ĨƌŽŵ ƚŚĞ ůĞŐĂů ƉŽŝŶƚ ŽĨ ǀŝĞǁ ĂŶĚ ƐƵƉƉŽƌƚƐ ƚŚĞŵ ŝŶ ƚŚĞŝƌ ĂƉƉƌŽĂĐŚ ƚŽ Ă ƐƵƐƚĂŝŶĂďůĞ ĞĐŽŶŽŵǇ ƚŚĂƚ ƉĂǇƐ ĂƩĞŶƟŽŶ ƚŽ ƚŚĞ ƋƵĂůŝƚǇ ŽĨ ƚŚĞ ƉƌŽĚƵĐƚ ĂŶĚ ƚŚĞ ƌĞƐƉĞĐƚ ĨŽƌ ƚŚĞ ĞŶǀŝƌŽŶŵĞŶƚ͘

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ARTICLE

The future of hydrocarbons: is the demand increasing due to economic growth or decreasing due to renewable sources?

Valeria Menecchini Journalist

It all began in 1956 when an American geophysicist from the Shell Oil Company research lab, Marion King Hubbert, published the results of a model simulating the production rate of an exhaustible or non-renewable fossil resource. Given the extraction data of a single well or of those of an entire region, and the resulting economic factors, the so-called "Hubbert curve" calculates the production peak output beyond which production can only decline. Hubbert's peak theory predicted that oil production in the USA would peak around 1970. And so it was. Over the years, however, this model has been enriched with new data and more complex calculations shifting the peak around 2020, according to scholars. We are almost there. Recently, the publication of two reports have updated the Hubbert peak theory and analysed possible future scenarios. According to ExxonMobil's report, "Outlook for Energy: A View to 2040", the world population will reach 9 billion over the next 25 years, with an increase of developing economies and an expansion of the global middle class. Better living conditions will encourage better education and healthcare, new households, appliances and cars, and more generally new demands for energy. The world will see a 25% increase in energy demand by 2040, 45% of which account for India and China alone, considering the best consumption efficiency that can be achieved. According to ExxonMobil, in 20 years the world's energy demand will be satisfied by a mix of sources, including: 32% oil, 25% gas, 20% coal, 7% nuclear, 4% wind, solar and biofuels, and 12% other energy. Even though these data refer to the total energy, and not only the energy generating electricity, such a low percentage of renewable sources is in stark contrast with the forecasts of many

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

experts, who predict a rapid price drop and a growing implementation of wind and solar energy due to the possibility of renewable sources to supply energy in remote and off-grid areas as well. This is not the only difference between the various forecasts made in recent years. In 2017, the Boston Consulting Group (BCG), one of the most influential American consulting firms in the world with over 90 offices in 50 countries, published a report that analyses three possible scenarios taking into consideration two main factors: an increased energy efficiency and an increased availability of renewable sources of energy. These two factors could limit the growth of energy demand on the one hand and, if the price per barrel of crude oil will increase, could lead to a drastic fall in oil demand on the other. The first scenario analyses the case in which fossil fuel cars are replaced by electric vehicles, a not-so-remote possibility since many car manufacturers are making huge investments in this direction. By assuming a scenario in which the cost of an individual battery falls close to $100 per kilowatt hour, infrastructure investment enables faster charging, and batteries become more durable, we could see electric vehicles account for 90% of the developed market car fleet by 2040 and a similar proportion of the emerging market fleet by 2050. The outcome of this scenario would be peak oil demand between 2025 and 2030 with a decrease of 13% in 2040.

The third scenario postulates a forecast assuming a decrease in the cost of gas dropping below the threshold of $1 for every 60 kWh produced. The consequences of this hypothesis would be: the substitution of oil with natural gas in heavy transport, a conversion of industrial electricity production from coal-fired power plants to gas-fired power plants, a radical industrial transformation of chemical products based on ethane rather than oil. Moreover, heavy transport could opt for gas if the price of oil were to rise to over $60 a barrel. The outcome of this scenario would be peak oil demand in 2025 followed by a steady period, with a decrease of 8% in 2040. All these forecasts agree that oil demand should peak around 2025, but some issues remain outstanding. The first issue relates to climate change mitigation and all the initiatives that international governments could carry out urged by an increasingly aware public opinion. Another issue concerns the development of extraction technologies, i.e. the miraculous tight oil in Texas, which has not turned out to be very profitable but has made Texas one of the world's largest oil producers in the world.

Another issue regards energy security. In fact, it is necessary to evaluate the risks that the flow of energetic raw materials runs along the distribution route, taking into account, for example, that some locations such as the Strait of Hormuz (at the eastern end of the Persian Gulf, between Iran and the Arabian Peninsula), the Strait of Bab el-Mandeb (between the Gulf of Aden and the Red Sea) and the Suez Canal are strategic passages in the routes of the oil ships towards Europe. In addition to the technical risks of possible disruptions due to malfunctioning or structural damage, there are threats of potential hostile activities by terrorists or pirates. Another possible disruption may be caused by a crisis between a producing state and a transit state, as happened a few years ago during the secessionist conflict in Ossetia, when the Georgian government cut off the supply of natural gas. The unequivocal fact is that oil is a finite resource - we may not see it exhausted in a short time, but it is necessary to take all the necessary measures to ensure the amount of energy that our development model requires at a reasonable price.

INDUSTRIAL TECHNOLOGY editorial office

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TECO

Teco spa, the perfect partner for the industrial sector

d, Z > yW Zd /E d, /^dZ/ hd/KE͕ /E^d >> d/KE s >h Ͳ d, /&& Z E >/ ^ /E d, yd E^/s E D /Ed E E K& d ,E/ > Yh/WD Ed K&& Z E 'Z d yW Z/ E /E d, /E h^dZ/ > ^ dKZ dĞĐŽ ^ƉĂ ŝƐ Ă ƌĞĂů ƉŽŝŶƚ ŽĨ ƌĞĨĞƌĞŶĐĞ ŝŶ ƚŚĞ ĮĞůĚ ŽĨ ƚĞĐŚŶŝĐĂů ƉƌŽĚƵĐƚƐ ĨŽƌ ƚŚĞ ŝŶĚƵƐƚƌŝĂů ƐĞĐƚŽƌ͗ ƚŚĞ ĐŽŵƉĂŶǇ͕ ďĂƐĞĚ ŝŶ 'Z d dd Ed/KE E Z ƌĞƐĐŝĂ͕ ŚĂƐ ďĞĞŶ ĂďůĞ ƚŽ ďƵŝůĚ ŽǀĞƌ ƟŵĞ Ă ůĞĂĚŝŶŐ ƌŽůĞ dŚĞ ĂƩĞŶƟŽŶ ƚŽ ƋƵĂůŝƚǇ ŝƐ ĞǆƚƌĞŵĞůǇ ŚŝŐŚ ĂŶĚ Ăůů ƚŚĞ ŝƚĞŵƐ ŝŶ ƚŚŝƐ ŵĂƌŬĞƚ͕ ƚŚĂŶŬƐ ƚŽ ĂŶ ĞǆƚĞŶƐŝǀĞ ĂŶĚ ŝŶŶŽǀĂƟǀĞ ŝŵƉŽƌƚĞĚ ĨŽƌ /ƚĂůǇ ĐŽŵĞ ĨƌŽŵ /^KϵϬϬϭ ĐĞƌƟĮĞĚ ĐŽŵƉĂŶŝĞƐ ŽīĞƌ͕ ĂŶĚ ŐƌĞĂƚ ĞǆƉĞƌŝĞŶĐĞ ŐĂŝŶĞĚ ŝŶ ŽǀĞƌ ĨŽƌƚǇͲĮǀĞ ǇĞĂƌƐ ŽĨ ƚŚĞ ŵĂũŽƌ ŝŶĚƵƐƚƌŝĂů ĐŽƵŶƚƌŝĞƐ ŝŶ ƚŚĞ ǁŽƌůĚ͘ ůƐŽ ƚŚĞ ŽĨ ĂĐƟǀŝƚǇ͘ dŚĞ ĐŽŵƉĂŶǇ͛Ɛ ĂĚĚĞĚ ǀĂůƵĞ ůŝĞƐ ŝŶ ƚŚĞ ĨĂĐƚ ĐƵƐƚŽŵĞƌ ĐĂƌĞ ŝƐ ŽĨ ŚŝŐŚ ůĞǀĞů͗ ĨŽƌ ƚŚŝƐ ƌĞĂƐŽŶ͕ ƚŚĞ ĐůŝĞŶƚƐ ƚŚĂƚ ŝƚ ŶŽƚ ŽŶůǇ ŽƉĞƌĂƚĞƐ ŝŶ ƚŚĞ ĞǆĐůƵƐŝǀĞ ĚŝƐƚƌŝďƵƟŽŶ ŽĨ ǁŚŽ ƚƵƌŶ ƚŽ dĞĐŽ ^ƉĂ ĐĂŶ ĮŶĚ ĐŽŶĐƌĞƚĞ ĂŶƐǁĞƌƐ ĂŶĚ ƚĞĐŚŶŝĐĂů ĞƋƵŝƉŵĞŶƚ ĨŽƌ ƚŚĞ ŵĞĐŚĂŶŝĐĂů ĂŶĚ ŝŶĚƵƐƚƌŝĂů ƉƌĂĐƟĐĂů ƐŽůƵƟŽŶƐ ƚŚƌŽƵŐŚ Ă ƉĞƌƐŽŶĂůŝǌĞĚ͕ ƚĂŝůŽƌͲŵĂĚĞ ƐĞĐƚŽƌƐ ďƵƚ ĂůƐŽ ƚŚĂƚ ƚŚĞŝƌ ƉƌŽĚƵĐƚƐ ŵĞĞƚ ƚŚĞ ĐƵƐƚŽŵĞƌ͛Ɛ ƐĞƌǀŝĐĞ͖ ƚŚĞǇ ĐĂŶ ĂůƐŽ ĐŽƵŶƚ ŽŶ Ă ǁĞůůͲƐƚŽĐŬĞĚ ǁĂƌĞŚŽƵƐĞ ƌĞƋƵŝƌĞŵĞŶƚƐ ĨƌŽŵ ƚŚĞ ŝŶŝƟĂů ŝŶƐƚĂůůĂƟŽŶ ƚŚƌŽƵŐŚ ǁŝƚŚ ĂŶ ŝŵƉƌĞƐƐŝǀĞůǇ ƌŝĐŚ ƐƚŽĐŬ ǁŚŝĐŚ ŵĂŬĞƐ ƚŚĞ ǁŚŽůĞƐĂůĞͬ ŽƌĚŝŶĂƌǇ ĂŶĚ ĞǆƚƌĂŽƌĚŝŶĂƌǇ ŵĂŝŶƚĞŶĂŶĐĞ͘ ĂƐƐŝƐƚĂŶĐĞ ƉŚĂƐĞ ĞĂƐŝĞƌ͘ dŚĞ ǁĂƌĞŚŽƵƐĞ ĂůƐŽ ŝŶĐůƵĚĞƐ ƐƉĂƌĞ ƉĂƌƚƐ ĨŽƌ ƚŚĞ ŵŽƐƚ ĐŽŵŵŽŶ ƚǇƉĞƐ ŽĨ ŝŶĚƵƐƚƌŝĂů

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

NEWS

TECO

ďĂůů ďĞĂƌŝŶŐƐ͕ ƌŽůůĞƌ ďĞĂƌŝŶŐƐ͕ ŶĞĞĚůĞ ďĞĂƌŝŶŐƐ͕ ƌŽůůŝŶŐ ďĞĂƌŝŶŐƐ͘ ŶĚ ŵŽƌĞ͗ ďĞůƚƐ ƐůĞĞǀĞƐ ĂŶĚ ƚŽŽƚŚĞĚ ďĞůƚƐ͕ ƐŵŽŽƚŚ ĂŶĚ ĐŽŐŐĞĚ sͲďĞůƚƐ ĂŶĚ ƐĞůĨͲĂůŝŐŶŝŶŐ ďĞĂƌŝŶŐ ƐƵƉƉŽƌƚƐ͕ ũƵƐƚ ƚŽ ŵĞŶƟŽŶ ƐŽŵĞ ŽĨ ƚŚĞ ŵĂŶǇ ƉƌŽĚƵĐƚƐ ŽŶ ƚŚĞ ůŝƐƚ ŽĨ dĞĐŽ ^ƉĂ͘ ,ŽǁĞǀĞƌ͕ ŽŶĞ ƚŚŝŶŐ ƌĞŵĂŝŶƐ ƵŶŝƋƵĞ͗ Ăůů ƚŚĞƐĞ ƉƌŽĚƵĐƚƐ ĂƌĞ Ăƚ ƚŚĞ ĨŽƌĞĨƌŽŶƚ͘ /Ŷ ĨĂĐƚ͕ ƚŚĞ ĐŽŵƉĂŶǇ ĐŽŶƐƚĂŶƚůǇ ůŽŽŬƐ Ăƚ ƚŚĞ ŵĂƌŬĞƚ ĚĞǀĞůŽƉŵĞŶƚƐ ŝŶ ϰϱ ʹ d, KDW Ez E KhEd KE ϰϱ z Z^ K& ŽƌĚĞƌ ƚŽ ŬĞĞƉ ƵƉ ǁŝƚŚ ƚŚĞ ƟŵĞƐ͘ yW Z/ E /E d, &/ > K& D , E/ > /E h^dZz WZKs E Yh >/dz hd KtE d, KZ Z WZK ^^/E' d/D /Ŷ ĂĚĚŝƟŽŶ ƚŽ ŝŵƉŽƌƟŶŐ ŝŶĚƵƐƚƌŝĂů ƉƌŽĚƵĐƚƐ ĨƌŽŵ ƚŚĞ /Ŷ ĂĚĚŝƟŽŶ ƚŽ ƚŚŝƐ͕ ƚŚĞ ĐŽŵƉĂŶǇ ĂůƐŽ ŽīĞƌƐ ĂŶ ĞǆƚƌĞŵĞůǇ ďĞƐƚ ŝŶƚĞƌŶĂƟŽŶĂů ďƌĂŶĚƐ͕ dĞĐŽ ^ƉĂ ŵĂŶĂŐĞƐ ĂŶ ŝŶͲŚŽƵƐĞ ĞĸĐŝĞŶƚ ƐŚŝƉƉŝŶŐ ƐĞƌǀŝĐĞ͕ ǁŚŝĐŚ ĐĂŶ ĐŽǀĞƌ ŝŶ Ă ǀĞƌǇ ƐŚŽƌƚ ĚĞƉĂƌƚŵĞŶƚ ƐƉĞĐŝĮĐĂůůǇ ĞƋƵŝƉƉĞĚ ƚŽ ŽďƚĂŝŶ ĨƌŽŵ ƐƚĂŶĚĂƌĚ ƟŵĞ ŶŽƚ ŽŶůǇ ƌĞƐĐŝĂ ĂŶĚ ŝƚƐ ƉƌŽǀŝŶĐĞ ďƵƚ ƚŚĞ ĞŶƟƌĞ ƌŽůůƐ ŽĨ ĐŚĂŝŶ͕ ƐĞĐƟŽŶƐ Žƌ ƌŝŶŐƐ ŽĨ ƚŚĞ ůĞŶŐƚŚ ĚĞƐŝƌĞĚ ďǇ /ƚĂůŝĂŶ ŶĂƟŽŶĂů ƚĞƌƌŝƚŽƌǇ͕ ŝŶĐůƵĚŝŶŐ ƚŚĞ ŝƐůĂŶĚƐ͘ ǀĞŶ ƚŚĞ ƚŚĞ ĐƵƐƚŽŵĞƌ ĂŶĚ Ă ĚĞƉĂƌƚŵĞŶƚ ĞƋƵŝƉƉĞĚ ƚŽ ŽďƚĂŝŶ ĨƌŽŵ ŽƌĚĞƌ ƉƌŽĐĞƐƐŝŶŐ ƟŵĞƐ ĂƌĞ ǀĞƌǇ ĨĂƐƚ͗ dĞĐŽ ŚĂƐ ŝŶ ĨĂĐƚ ǁŚŽůĞ ƐůĞĞǀĞƐ͕ ĐŽŐŐĞĚ ďĞůƚƐ ŝŶ ƌƵďďĞƌ Žƌ ƉŽůǇƵƌĞƚŚĂŶĞ ĚĞǀĞůŽƉĞĚ Ă ƐǇƐƚĞŵ ƚŚĂƚ ƐŝŐŶŝĮĐĂŶƚůǇ ƌĞĚƵĐĞƐ ƚŚĞ ƟŵĞ ŽĨ ƚŚĞ ĚĞƐŝƌĞĚ ǁŝĚƚŚ͘ WƌŽǀĞŶ ƋƵĂůŝƚǇ ƉƌŽĚƵĐƚƐ ĐŽŵďŝŶĞĚ ƚŚĂƚ ŽĐĐƵƌƐ ďĞƚǁĞĞŶ ƚŚĞ ĮƌƐƚ ĐŽŶƚĂĐƚ ĂŶĚ ƚŚĞ ĚĞůŝǀĞƌǇ͕ ǁŝƚŚ ŚŝŐŚůǇ ĐƵƐƚŽŵŝǌĂďůĞ ƐĞƌǀŝĐĞ ƉĂĐŬĂŐĞƐ ĂŶĚ ƐƵƉƉůŝĞƐ ďĞŝŶŐ ǁĞůů ĂǁĂƌĞ ƚŚĂƚ ŝŶ Ă ĐŽŶƐƚĂŶƚůǇ ĞǀŽůǀŝŶŐ ŵĂƌŬĞƚ͕ ĐƌĞĂƚĞ Ă ƉĞƌĨĞĐƚ ŵŝǆ͕ ǁŚŝĐŚ ŝƐ Ă ŬĞǇ ƉĂƌƚ ŽĨ ƚŚĞ ĐŽŵƉĂŶǇ͛Ɛ ŝŶ ǁŚŝĐŚ ƐƉĞĞĚ ĂŶĚ ƋƵĂůŝƚǇ ĂƌĞ ĞƐƐĞŶƟĂů͕ ƌĞƐƵŵŝŶŐ ƐƵĐĐĞƐƐ ŝŶ ƚŚĞ /ƚĂůŝĂŶ ŵĂƌŬĞƚ ĂŶĚ ĂďƌŽĂĚ͘ ǁŽƌŬ ŝŶ ƚŚĞ ƐŚŽƌƚĞƐƚ ƟŵĞ ŝƐ ĂŶ ĞůĞŵĞŶƚ ŽĨ ĨƵŶĚĂŵĞŶƚĂů ŝŵƉŽƌƚĂŶĐĞ͘ tŝƚŚ ƚŚŝƐ ŝŶŶŽǀĂƟǀĞ ĂƉƉƌŽĂĐŚ͕ dĞĐŽ ^ƉĂ ŝƐ &Žƌ ŵŽƌĞ ŝŶĨŽƌŵĂƟŽŶ͗ ƚŚĞ ŝĚĞĂů ƉĂƌƚŶĞƌ ĨŽƌ Ăůů ƚŚĞ ƉƌŽĨĞƐƐŝŽŶĂůƐ ŝŶ ƚŚĞ ƐĞĐƚŽƌ͗ ǁǁǁ͘ƚĞĐŽƐƉĂ͘ŝƚ ŝŶ ĂĚĚŝƟŽŶ ƚŽ ŽīĞƌŝŶŐ Ă ǁŝĚĞ ƌĂŶŐĞ ŽĨ ƐĞƌǀŝĐĞƐ͕ ŝŶ ĨĂĐƚ͕ ƚĞĐŽΛƚĞĐŽŐƌŽƵƉ͘ŝƚ ƐƵŝƚĂďůĞ ƚŽ ĐŽǀĞƌ Ăůů ŶĞĞĚƐ͕ ƚŚĞ ƵƐĞ ŽĨ Ă ƐŝŶŐůĞ ĐŽŶƚĂĐƚ ĨŽƌ ƚŚĞ ƉƵƌĐŚĂƐĞ ŽĨ ƐƉĂƌĞ ƉĂƌƚƐ͕ ƐŚŝƉƉŝŶŐ͕ ĚĞůŝǀĞƌǇ͕ ĂƐƐĞŵďůǇ ĂŶĚ ŵĂŝŶƚĞŶĂŶĐĞ͕ ŝƐ ĂŶ ĂĚĚĞĚ ǀĂůƵĞ ƚŚĂƚ ŚĂƐ Ă ƐŝŐŶŝĮĐĂŶƚ ŝŵƉĂĐƚ ŽŶ ĐŽƐƚ ƐĂǀŝŶŐƐ ĂŶĚ ƉƌŽĐĞƐƐŝŶŐ ƟŵĞ͘ ƚƌĂŶƐŵŝƐƐŝŽŶƐ͕ ŵĂŬŝŶŐ dĞĐŽ ƚŚĞ ŝĚĞĂů ƉĂƌƚŶĞƌ ŝŶ ĐĂƐĞ ŽĨ ƌĞƉůĂĐĞŵĞŶƚ ŽĨ ĨƵŶĚĂŵĞŶƚĂů ĞůĞŵĞŶƚƐ ĨŽƌ ŝŶĚƵƐƚƌŝĂů ŵĂĐŚŝŶĞƌǇ͘ ŶĚ ƚŚĂƚ͛Ɛ ŶŽƚ Ăůů͗ ďǇ ĐŽŶŶĞĐƟŶŐ ĚŝƌĞĐƚůǇ ƚŽ ƚŚĞ ĐŽŵƉĂŶǇ͛Ɛ ǁĞďƐŝƚĞ ;ǁǁǁ͘ƚĞĐŽƐƉĂ͘ŝƚͿ ǇŽƵ ĐĂŶ ĂĐĐĞƐƐ ƚŚĞ ŽŶůŝŶĞ ƐŚŽƉ͕ ǁŚŝĐŚ ĂůůŽǁƐ ǇŽƵ ƚŽ ƉƵƌĐŚĂƐĞ ǁŝƚŚ ũƵƐƚ Ă ĨĞǁ ĐůŝĐŬƐ Ăůů ƚŚĞ ƉƌŽĚƵĐƚƐ ŽīĞƌĞĚ ďǇ ƚŚĞ ĐŽŵƉĂŶǇ͘

d, K&& Z ͮ W Z& d D/y WZK h d^ E ^ Zs/ ^ &KZ Ez E /ŶĚƵƐƚƌŝĂů ĐŚĂŝŶƐ ĂŶĚ ĂĐĐĞƐƐŽƌŝĞƐ͕ ŐĞĂƌƐ͕ ĞůĞĐƚƌŝĐ ŵŽƚŽƌƐ͕

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

NEWS

HEILA CRANES

Heila Cranes, UHGHƬQHV OLIWLQJ LQGXVWU\

/Ŷ Ă ŵĂƌŬĞƚ ǁŝƚŚ ƐĂƚƵƌĂƚĞĚ ĂŶĚ ƌĞƉĞƟƟǀĞ ĐƌĂŶĞ ĚĞƐŝŐŶ ĐŚĂƌĂĐƚĞƌŝƐƟĐƐ ƚŽ ǁŝƚŚƐƚĂŶĚ ŚĞĂǀǇ ĚƵƚǇ ŽƉĞƌĂƟŽŶƐ͕ ŝŶĐƌĞĂƐĞĚ ůŝŌŝŶŐ ƉĞƌĨŽƌŵĂŶĐĞ͕ ƐƚĂďŝůŝƚǇ͕ ĂŶĚ ůŝŵŝƚĞĚ ƉĂƌŬŝŶŐ ƉŽƐŝƟŽŶ ĂƌĞ ŵŽƌĞ ŽŌĞŶ ƌĞƋƵŝƌĞĚ ƚŽ ďĞ ƉƌŽǀŝĚĞĚ͘ ĚĞǀĞůŽƉŵĞŶƚ ŽĨ ĨĞĂƚƵƌĞƐ ƚŚĂƚ ƐŚŽƵůĚ ďƌŝŶŐ ƚŽ ƐŚŝƉ ŽǁŶĞƌƐ ĂĚĚŝƟŽŶĂů ǀĂůƵĞ͘ ĞŝŶŐ ƚŚŝƐ Ă ĐŽŵŵŽŶ ĐŚĂůůĞŶŐĞ ĨŽƌ ĐƌĂŶĞ ŵĂŬĞƌƐ͕ ĨŽƌ ,ĞŝůĂ ŝŶƐƚĞĂĚ͕ ƵƐĞĚ ƚŽ ƐƵƉƉůǇ ƚĂŝůŽƌ ŵĂĚĞ ĐƌĂŶĞƐ ĂƐ ƚŚĞŝƌ ƉĞĐƵůŝĂƌŝƚǇ ĨŽƌ ƉƌŽƉĞƌ ĮƫŶŐ ŽŶ ĞĂĐŚ ǀĞƐƐĞů͘ ǀĞƌǇ ƐŝŶŐůĞ ĐƌĂŶĞ ŝƐ ͞ĞƋƵĂůůǇ ĚŝīĞƌĞŶƚ͘͟ dŚŝƐ ŝƐ ǁŚĞƌĞ ƚŚĞ , /> ŬŶƵĐŬůĞ ƚĞůĞƐĐŽƉĞ ĐƌĂŶĞƐ ĐĂŶ ŽǀĞƌĐŽŵĞ ƚŚĞ ŶĞĞĚ ĂŶĚ ƉƌŽǀŝĚĞ Ă ŐƌŝƉ ƚŽ ƚŚĞƐĞ ƌĞƋƵŝƌĞŵĞŶƚƐ͘

ϳϬd ŬŶƵĐŬůĞ ƚĞůĞƐĐŽƉŝĐ ďŽŽŵ ĐƌĂŶĞ͘ dŚŝƐ ĐƌĂŶĞ ŝƐ ƚŚĞ ůĂƚĞƐƚ ďƌĂŶĚ ŶĞǁ ƐĞŝǌĞĚ ĚĞƐŝŐŶ ĐŽŶĐĞƉƚ ŝŶ ƚŚĞ ĞŶƟƌĞ ŵĂƌŝŶĞ ŵĂƌŬĞƚ͘ tŝƚŚ ŽŶůǇ ϲϬdŽŶ ŽĨ ĚĞĂĚǁĞŝŐŚƚ͕ ƚŚŝƐ ĐƌĂŶĞ ĐĂŶ ďĞ ŝŶƐƚĂůůĞĚ ŽŶ ƚŚĞ ƐŵĂůůĞƐƚ ƐŚŝƉ ǁŝƚŚŽƵƚ ŝŵƉĂĐƟŶŐ ŽŶ ƚŚĞ ƐƚĂďŝůŝƚǇ͕ ǁŝƚŚ Ă ůŽǁ ƉŽǁĞƌ ĐŽŶƐƵŵƉƟŽŶ ŽĨ ũƵƐƚ ϯϮϬŬt ƚŽ ĨƵƌƚŚĞƌ ĚĞĐƌĞĂƐĞ ƚŚĞ ĚĞŵĂŶĚ ƚŽ ƚŚĞ ǀĞƐƐĞů͛Ɛ ŐĞŶƐĞƚ͘ dĞůĞƐĐŽƉŝĐ ĂƌŵƐ ƵƉ ƚŽ ϯϬ ŵĞƚĞƌƐ ƌĂĚŝƵƐ͕ ǁŝƚŚ ǀĞƌǇ ůŝŵŝƚĞĚ ƉĂƌŬŝŶŐ ƐƉĂĐĞ͖ KŶůǇ ϲ ŵĞƚĞƌƐ ƌĞƋƵŝƌĞĚ͕ ƐƵŝƚĂďůĞ ĨŽƌ ĮƫŶŐ ŽĨ Ă ϰϬŵ ǀĞƐƐĞůƐ ůĞŶŐƚŚ ĂŶĚ ŵŽƐƚ ƐƉĂĐĞͲƐĞŶƐŝƟǀĞ Kŝů Θ 'ĂƐ ƉůĂƞŽƌŵ͖ &ƵŶĚŝŶŐ ƚŚĞƐĞ ŝŵƉƌŽǀĞŵĞŶƚƐ ŚĂƐ ƌĞůŝĞĚ ŽŶ Ă ĐŽƐƚͲƐŚĂƌŝŶŐ ĨŽƌŵƵůĂ ĨŽƌ ĚĞƉĞŶĚŝŶŐ ƉƌŽũĞĐƚƐ͘ ZĞĮƚ sƐ EĞǁďƵŝůĚ ƵŶŝƚƐ dŚŝƐ ǀĞƌƐĂƟůŝƚǇ ǁŝůů ĞŶĂďůĞ ƚŚĞ ŽǁŶĞƌƐ ƚŽ ďŝĚ ĨŽƌ ĚŝīĞƌĞŶƚ hƉŐƌĂĚŝŶŐ Žƌ ĐŽŶǀĞƌƟŶŐ ŽĨ ĂŶ ĞǆŝƐƟŶŐ ǀĞƐƐĞů ĐĂŶ ďĞ ĐŚĂƌƚĞƌƐ͕ ;ƉůĂƞŽƌŵ ƐƵƉƉůǇ ǀĞƐƐĞůƐͿ ;ZKs ůŝŌŝŶŐ͕ ďƵŽǇ͕ ĐŽŵƉĞƟƟǀĞ ǁŝƚŚ ŶĞǁďƵŝůĚ ŽƉƟŽŶƐ ŝĨ ƉƌĞƉĂƌĞĚ ĂŶĚ ŶĐŚŽƌ ŚĂŶĚůŝŶŐͿ ŵĂŶĂŐĞĚ ǁĞůů͘ ŽƐƚ ƐĂǀŝŶŐ ĨƌŽŵ ƚŚĞ ŶĞĐĞƐƐŝƚǇ ŽĨ ŶĞǁďƵŝůĚŝŶŐ ƉƵƌĐŚĂƐŝŶŐ ĂƐ Ă ƐƵďƐƚĂŶƟĂů ŝŶǀĞƐƚŵĞŶƚ ƚŚĂƚ ůůŽǁŝŶŐ ƚŚĞ ŽǁŶĞƌ ƚŽ͗ ŽŌĞŶ ƚĂŬĞƐ ;ƚŽŽͿ ŵƵĐŚ ƟŵĞ ƚŽ ŽďƚĂŝŶ ŵĂǆŝŵƵŵ ďĞŶĞĮƚ ͲĞŶŐĂŐĞ ƚŚĞ ĞǆŝƐƟŶŐ ƵŶŝƚ ĨŽƌ ŵƵůƟͲƉƵƌƉŽƐĞ ĐŚĂƌƚĞƌŝŶŐ͕ ĨƌŽŵ ĂŶ ĞŵĞƌŐŝŶŐ ŽƉƉŽƌƚƵŶŝƚǇ͘ ͲĂǀŽŝĚŝŶŐ ĐƌĂŶĞ ƌĞƉůĂĐĞŵĞŶƚƐ ĚƵĞ ƚŽ ĐŚĂƌƚĞƌ ƌĞƋƵŝƌĞŵĞŶƚ͕ ĐĐŽŵƉůŝƐŚŝŶŐ ƚŚĞ ŶĞĞĚĞĚ ŵĂŝŶƚĞŶĂŶĐĞ ĂŶĚ ͲĐƵƚ Žī ŵŽďŝůŝǌĂƟŽŶ ƟŵĞ͕ ďĞ ŵŽƌĞ ĐŽŵƉĞƟƟǀĞ ĂŶĚ ŵŽĚĞƌŶŝǌĂƟŽŶ ŝƐ ĞƐƐĞŶƟĂů ƚŽ ĐƌĞĂƟŶŐ Ă ĐŽŵƉĞƟƟǀĞ ŝŶĐƌĞĂƐĞ ƚŚĞ ŶƵŵďĞƌƐ ŽĨ ĂǁĂƌĚĞĚ ĐŚĂƌƚĞƌ ĚƵƌŝŶŐ ďŝĚĚŝŶŐ͕ ŵĂƌŝƟŵĞ ĐĂƉĂďŝůŝƚǇ͘ ͲĐƵƚ Žī ǀĞƐƐĞů ĚŽǁŶƟŵĞ͕ ƐĂǀŝŶŐ ŵŽŶĞǇ ,ĞŝůĂ ĐŽǀĞƌƐ Ăůů ƉŚĂƐĞƐ ŽĨ ƉƌŽũĞĐƚ ĚĞǀĞůŽƉŵĞŶƚ ĨƌŽŵ /ŵƉƌŽǀĞĚ ĞĸĐŝĞŶĐǇ ďǇ ƉƌŽǀĞŶ ĚĞƐŝŐŶ Ɛ Ă ƌĞƐƵůƚ ŽĨ ϯϲ ǇĞĂƌ ŚŝƐƚŽƌǇ ĞǆƉĞƌƟǌĞ͕ ŝŶ :ƵŶĞ ϮϬϭϳ͕ ĞŶŐŝŶĞĞƌŝŶŐ ƚŽ ƐĞƌǀŝĐĞ ĂƐƐŝƐƚĂŶĐĞ͕ ŚĂǀŝŶŐ ĞǀĞƌǇ ĐƌĂŶĞ ,ĞŝůĂ ŚĂƐ ƐŝŐŶĞĚ ĂŶ ŽƌĚĞƌ ĨŽƌ ƚŚĞ ĐŽŶƐƚƌƵĐƟŽŶ ŽĨ Ă ŐŝĂŶƚ ĮƩĞĚ ǁŝƚŚ ƚŚĞ ůĂƚĞƐƚ ƚĞĐŚŶŽůŽŐǇ ĂŶĚ ŬŶŽǁͲŚŽǁ͕ ǁŝƚŚŽƵƚ

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HEILA CRANES losing the focus of what we can do best. Fit the crane on each owner’s vessel.

ďĞ ƵƟůŝǌĞĚ ĨŽƌ ŽƚŚĞƌ ƐĐŚĞĚƵůĞ ĂĐƟǀŝƟĞƐ͘ Ǉ ƐŝŵƉůĞ ƐĞůĞĐƟŽŶ ŝŶ ƚŚĞ ĐŽŶƚƌŽůƐ ƚŚŽƐĞ ĐƌĂŶĞƐ ĂƌĞ capable of being operated both by winch or crane hook. Made coincide the reference point of the crane hook with the operator, through this design, allow the ship owner ƚŽ ĚĞĐƌĞĂƐĞ ƚŚĞ ŽƉĞƌĂƟŽŶĂů ƟŵŝŶŐ͕ ŝŶĐƌĞĂƐŝŶŐ ĞĸĐŝĞŶĐǇ͕ and money. tŝƚŚ ƚŚĞ ŝŵƉůĞŵĞŶƚĂƟŽŶ ŽĨ ƚŚĞ ƌĂĚŝŽ ƌĞŵŽƚĞ ĐŽŶƚƌŽů ƚŚĞ ŽƉĞƌĂƚŽƌ ǁŝůů ŚĂǀĞ ƚŚĞ ďĞƐƚ ĐŽŵďŝŶĂƟŽŶ ŽĨ ůŝŌŝŶŐ ƉĞƌĨŽƌŵĂŶĐĞ ĂŶĚ ǀŝƐŝďŝůŝƚǇ ƐƉĞĐƚƌƵŵ ĨŽƌ ƚŚĞ ŵŽƐƚ ĞĸĐŝĞŶƚ ůŝŌŝŶŐ ŽƉĞƌĂƟŽŶƐ͘

Widening the bidding prospects by wide crane ĂƉƉůŝĐĂƟŽŶ ƚĞĐŚŶŽůŽŐǇ ƚŚĂƚ ĐĂŶ ŽīĞƌ ĐŽŶƐŝĚĞƌĂďůĞ ĂĚǀĂŶƚĂŐĞƐ ďǇ ǁŝĚĞŶŝŶŐ ƚŚĞ ƐƉĞĐƚƌƵŵ ŽĨ ƚŚĞ ĂĐƟǀŝƟĞƐ ǁŝƚŚ Ă ĐŽŶƐĞƋƵĞŶƚ ƌŝƐĞ ĨŽƌ ǀĞƐƐĞů ĐŚĂƌƚĞƌ ŽƉĞƌĂƟŽŶƐ͘ dŚŝƐ ĐŽŵďŝŶĂƟŽŶ ǁŝůů ďƌŝŶŐ ƚŽ ŽǁŶĞƌƐ ŝŶĐƌĞĂƐĞĚ ŇĞĞƚƐ ŽƉƟŵŝǌĂƟŽŶ ŽŶ ƚŚĞ ŝŶƐƚĂůůĞĚ ĨĞĂƚƵƌĞƐ ǁŝƚŚ ĐŽŶƐĞƋƵĞŶƟĂů raise of asset value and increased turnover prospect. This means higher revenue for the ship owners. Providing to ƚŚĞ ŽƉĞƌĂƚŽƌ ŬĞǇ ĨĞĂƚƵƌĞƐ ƚŚĂƚ ĂůůŽǁ ƚŽ ƵƟůŝǌĞ ƚŚŝƐ ĐƌĂŶĞ ŽŶƟŶƵŽƵƐ 'ƌŽǁƚŚ ŝŶ ƐĞǀĞƌĂů ĂƉƉůŝĐĂƟŽŶƐ͘ &ŽůůŽǁŝŶŐ ƚŚĞ ĐŽŵƉĂŶǇ ƐƚƌƵĐƚƵƌĞ ƌĞͲŽƌŐĂŶŝǌĂƟŽŶ ŽŶ ϮϬϭϭ͕ ,ĞŝůĂ ŚĂƐ ĐŽůůĞĐƚĞĚ Ă ƐĞƌŝĂů ĂǁĂƌĚ ŽĨ ƉƌĞƐƟŐŝŽƵƐ Be simple be fast projects: Our strong skills in tailor made cranes are our peculiarity; ͲƐƵƉƉůǇ ŽĨ ϰ >ZƐ ůĂƐƐĞĚ ƌĂŶĞƐ ĨŽƌ <ƵǁĂŝƚ Kŝů ŽŵƉĂŶǇ͕ ĚĞƐŝŐŶĞĚ ĂŶĚ ďƵŝůƚ ŝŶ Ă ǀĞƌǇ ĐŽŵƉĞƟƟǀĞ ƟŵĞ ƚŚŽƐĞ says Waled Gaber “A master achievement”. ĐƵƐƚŽŵƐ ďƵŝůƚ ĐƌĂŶĞƐ ĚŽ ƉĞƌĨĞĐƚůǇ Įƚ ĂŶĚ ĂŶƐǁĞƌ ƚŽ ƚŚĞ ͲƐƵƉƉůǇ ŽĨ ĐƌĂŶĞ ĨŽƌ EKKZϮ ƉƌŽũĞĐƚ͕ ƚŚĞ ďŝŐŐĞƐƚ ƐŽůĂƌ ĐƵƐƚŽŵĞƌ͛Ɛ ƌĞƋƵĞƐƚ͘ ƉŽǁĞƌ ƉůĂŶƚ ǁŽƌůĚǁŝĚĞ ďƵŝůƚ ŝŶ DŽƌŽĐĐŽ͘ ƌĂŶĞ ŝŶƐƚĂůůĞĚ Less required maintenance on a 265meters tower. tŝƚŚ ƚŚĞ ĐŽŶƟŶƵŽƵƐ ĚĞŵĂŶĚ ĨŽƌ ŚĞĂǀǇ ĚƵƚǇ ŽƉĞƌĂƟŽŶ in most harsh environment, during the years Heila dŝůů ƚŚĞ ƌĞĐĞŶƚ ĚĞůŝǀĞƌǇ ŽĨ ƚǁŽ ƵŶŝƚƐ ĐĞƌƟĮĞĚ ǁŝƚŚ Es'> ŚĂƐ ĚĞǀĞůŽƉĞĚ Ă ƐƉĞĐŝĮĐ ĂŶƟͲĐŽƌƌŽƐŝŽŶ ƉƌŽŐƌĂŵ ƚŚĂƚ ĚĞƐƟŶĞĚ ƚŽ ŽīƐŚŽƌĞ ŽƉĞƌĂƟŽŶ ĨŽƌ ƚŚĞ ĮƌƐƚ ǁŽƌůĚǁŝĚĞ describes the complete process that every crane ƉŝůŽƚ ƉƌŽũĞĐƚ ŽĨ ƐƵďŵĞƌƐŝďůĞ ĮƐŚŝŶŐ ƉůĂƞŽƌŵ͘ dŚĞ ĐƌĂŶĞƐ ƉƌŽĚƵĐĞĚ ŐŽĞƐ ƚŚƌŽƵŐŚ͕ ŽīĞƌŝŶŐ ƚŽ ŽƉĞƌĂƚŽƌƐ ĂƐ ǁĞůů are provided with the more complex safety features ƐŽůƵƟŽŶ ĨŽƌ ŝŵƉƌŽǀŝŶŐ ĐƌĂŶĞ ůŝĨĞƟŵĞ ĂŶĚ ĚĞĐƌĞĂƐĞ ĂĐĐŽƌĚŝŶŐ ƚŽ EŽƌǀĞŐŝĂŶ ŵĂƌŝƟŵĞ ĚŝƌĞĐƚŽƌĂƚĞ ĂŶĚ maintenance schedule program, with return investment ůĂƐƐŝĮĐĂƟŽŶ ƐŽĐŝĞƚǇ͘ ĨŽƌ ƐŚŝƉͲŽǁŶĞƌƐ͘ ͞dĂƌŐĞƟŶŐ ĞǆĐĞůůĞŶĐĞ͘͟ DĂǆŝŵŝǌŝŶŐ WŽƚĞŶƟĂů Accomplishing the needed maintenance and ŵŽĚĞƌŶŝǌĂƟŽŶ ŝƐ ĞƐƐĞŶƟĂů ƚŽ ĐƌĞĂƟŶŐ Ă ĐŽŵƉĞƟƟǀĞ ŵĂƌŝƟŵĞ ĐĂƉĂďŝůŝƚǇ͘ dŚŝƐ ĐŽŵďŝŶĂƟŽŶ ǁŝůů ďƌŝŶŐ ƚŽ ŽǁŶĞƌƐ ŝŶĐƌĞĂƐĞĚ ŇĞĞƚƐ ŽƉƟŵŝǌĂƟŽŶ ŽŶ ƚŚĞ ŝŶƐƚĂůůĞĚ ĨĞĂƚƵƌĞƐ ǁŝƚŚ ĐŽŶƐĞƋƵĞŶƟĂů ƌĂŝƐĞ ŽĨ ĂƐƐĞƚ ǀĂůƵĞ ĂŶĚ ŝŶĐƌĞĂƐĞĚ turnover prospect. This means higher revenue for the ship owners. Providing to the operator key features that ĂůůŽǁ ƚŽ ƵƟůŝǌĞ ƚŚŝƐ ĐƌĂŶĞ ŝŶ ƐĞǀĞƌĂů ĂƉƉůŝĐĂƟŽŶƐ͘ ZĞĚƵĐƟŽŶ ŽĨ ŽƉĞƌĂƟŽŶĂů ƟŵĞ Time is important. The more can be saved, the more can

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Spina Group The solution for your project ^ƉŝŶĂ 'ƌŽƵƉ ŝƐ ĂŶ /ƚĂůŝĂŶ ůĞĂĚŝŶŐ ŝŶĚƵƐƚƌŝĂů ĐŽŶƚƌĂĐƚŽƌ ƚŚĂƚ ƉƌŽǀŝĚĞƐ ĐŽŵƉůĞƚĞ ƐŽůƵƟŽŶƐ ĨŽƌ ŝŶĚƵƐƚƌŝĂů ƉůĂŶƚƐ ĨƌŽŵ ŝŶͲŚŽƵƐĞ ƉƌŽĚƵĐƟŽŶ ƚŽ ŵĂŝŶƚĞŶĂŶĐĞ͘ dŚĞ ĐŽŵƉĂŶǇ ŽƉĞƌĂƚĞƐ ŝŶƚĞƌŶĂƟŽŶĂůůǇ ŝŶ ƉĞƚƌŽĐŚĞŵŝĐĂů͕ ŝŶĚƵƐƚƌŝĂů͕ ĞŶĞƌŐǇ͕ Kŝů Θ 'ĂƐ ĂŶĚ ŝŶĨƌĂƐƚƌƵĐƚƵƌĞƐ ƐĞĐƚŽƌƐ͘ ^ƉŝŶĂ 'ƌŽƵƉ ŝƐ Ă ĨĂŵŝůǇͲŽǁŶĞĚ ďƵƐŝŶĞƐƐ ĨŽƵŶĚĞĚ ŝŶ ϭϵϵϬ ďǇ &ƌĂŶĐŽ ^ƉŝŶĂ ǁŚŽ ŝƐ ĞŶĐŽƵƌĂŐŝŶŐ ƚŚĞ ŐĞŶĞƌĂƟŽŶ ĐŚĂŶŐĞ ƚŽ ŚŝƐ ƐŽŶ DĂƌĐŽ͘ dŚĞ ĐŽŵƉĂŶǇ ǁĂƐ ďŽƌŶ ĂƐ Ă ƌĞƉƌĞƐĞŶƚĂƟǀĞ ĂŐĞŶĐǇ ŽĨ ĞůĞĐƚƌŽͲŵĞĐŚĂŶŝĐĂů ŵĂƚĞƌŝĂů͘ KǀĞƌ ƚŚĞ ǇĞĂƌƐ ŝƚ ŚĂƐ ďĞĞŶ ĞǆƉĂŶĚŝŶŐ ĂƐ Ă ŶĞƚǁŽƌŬ ŽĨ ŚŝŐŚůǇ ƐƉĞĐŝĂůŝǌĞĚ ƉƌŽĚƵĐƟǀĞ ĂŶĚ ƐĞůůŝŶŐ ĐŽŵƉĂŶŝĞƐ͕ ƵŶƟů ^ƉŝŶĂ 'ƌŽƵƉ ĚĞĐŝĚĞĚ ƚŽ ŵĞƌŐĞ ƚŚĞ ƚŚƌĞĞ ƉƌŽĚƵĐƟǀĞ ƉůĂŶƚƐ ĂŶĚ ƚŚĞŝƌ ƐƉĞĐŝĮĐ ŬŶŽǁͲŚŽǁ ƵŶĚĞƌ Ă ƵŶŝƋƵĞ ĐŽŵƉĂŶǇ ŝŶ ϮϬϭϲ͘ ^ĐŚŝĂǀĞƫ dĞŬŶŽ͕ ůĞĂĚĞƌ ŝŶ ƚŚĞ ƉƌŽĚƵĐƟŽŶ ŽĨ ĐĂďůĞ ƚƌĂǇ ƐǇƐƚĞŵ͕ ƵƌŽĐĂǀŝ͕ ƐƉĞĐŝĂůŝǌĞĚ ŝŶ ƐƚĂŶĚĂƌĚ ĂŶĚ ĐƵƐƚŽŵŝǌĞĚ ĐĂďůĞƐ ĂŶĚ ƚĞǆ͕ ƉƌŽĚƵĐŝŶŐ ĞǆƉůŽƐŝŽŶ ƉƌŽŽĨ ŵĂƚĞƌŝĂůƐ ĂƌĞ ŶŽǁ ƉĂƌƚ ŽĨ ĂŶ ŝŶƚĞƌŶĂƟŽŶĂů ƌĞĂůŝƚǇ ĐŽŵƉŽƐĞĚ ŽĨ ŵŽƌĞ ƚŚĂŶ ϳϬ ĞŵƉůŽǇĞĞƐ͕ ϱ ďƌĂŶĐŚĞƐ ŝŶ DĞǆŝĐŽ͕ EĞƚŚĞƌůĂŶĚƐ͕ h ͕ EŝŐĞƌŝĂ ĂŶĚ ŐǇƉƚ͕ ŽīĞƌŝŶŐ ϭϭ ƉƌŽĚƵĐƚ ĐĂƚĞŐŽƌŝĞƐ͕ ŵŽƌĞ ƚŚĂŶ ϭϮ͕ϬϬϬ ŵƋ ŽĨ ŽǁŶĞĚ ƉƌŽĚƵĐƟŽŶ ƐŝƚĞ ĂŶĚ ǁĂƌĞŚŽƵƐĞ͘ ^ŝŶĐĞ ϭϵϵϬ ƚŚĞ ĐŽŵƉĂŶǇ͛Ɛ ĐŽƌĞ ďƵƐŝŶĞƐƐ ŝƐ ĂďŽƵƚ ĞŶƐƵƌŝŶŐ ƐŽůƵƟŽŶƐ ĨŽƌ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚ ŽĨ ŽŶƐŚŽƌĞ ĂŶĚ ŽīƐŚŽƌĞ ƉůĂƞŽƌŵƐ͕ ƌĞĮŶĞƌŝĞƐ͕ ƉŝƉĞůŝŶĞ ĐŽŵƉĂŶŝĞƐ͕ ŶĂǀĂů͕ ĂĞƌŽ ĂŶĚ ƌĂŝůǁĂǇ ƐǇƐƚĞŵƐ͕ ŚǇĚƌŽĞůĞĐƚƌŝĐ ĂŶĚ ƚŚĞƌŵŽƐͲĞůĞĐƚƌŝĐ ƉŽǁĞƌ ƐƚĂƟŽŶƐ͕ ĨƌŽŵ ƚŚĞ ǀĞƌǇ ďĞŐŝŶŶŝŶŐ ŽĨ ƚŚĞ ǁŽƌŬŝŶŐ ƉƌŽĐĞƐƐ ǁŚŝĐŚ ƐƚĂƌƚƐ ǁŝƚŚ ƚŚĞ ƐƚƵĚǇ ĂŶĚ ĂŶĂůǇƐŝƐ ŽĨ ƚŚĞ ƉƌŽũĞĐƚ ďǇ ĞǆƉĞƌƚ ĞŶŐŝŶĞĞƌƐ ƵƉ ƚŽ ƚŚĞ ĮŶĂů ƚŽƵĐŚ ŽŶ ƉĂĐŬĂŐŝŶŐ ĂŶĚ ƐŚŝƉƉŝŶŐ ŽĨ ƚŚĞ ŚŝŐŚͲƉĞƌĨŽƌŵŝŶŐ ƉƌŽĚƵĐƚƐ͘ &ƵƌƚŚĞƌŵŽƌĞ͕ ^ƉŝŶĂ 'ƌŽƵƉ ŚĂƐ ďĞĞŶ ƐŝŐŶŝŶŐ ŵĂƐƚĞƌ ĂŐƌĞĞŵĞŶƚƐ ǁŝƚŚ ƚŚĞ ŵŽƐƚ ŝŵƉŽƌƚĂŶƚ /ƚĂůŝĂŶ ƵƟůŝƚǇ ĐŽŵƉĂŶŝĞƐ͘ tŝƚŚ ŽǀĞƌ Ϯϱ ǇĞĂƌƐ ŽĨ ĞǆƉĞƌŝĞŶĐĞ͕ ^ƉŝŶĂ 'ƌŽƵƉ ŝƐ Ă ƌĞůŝĂďůĞ ƉĂƌƚŶĞƌ ŝŶ ƚŚĞ ƉƌŽũĞĐƚ ŵĂŶĂŐĞŵĞŶƚ ĂŶĚ ƉƌŽƉŽƐĞƐ ƚŚĞ ŵŽƐƚ ĞĸĐŝĞŶƚ ĂŶĚ ĞŶǀŝƌŽŶŵĞŶƚĂůůǇ ĐŽŶƐĐŝŽƵƐ ƚĂŝůŽƌĞĚ ƐŽůƵƟŽŶƐ ƚŽ ƐƵƉƉŽƌƚ ĞǀĞƌǇ ĐŽŵŵŝƚŵĞŶƚ ƉŚĂƐĞ͕ ďǇ ǁŽƌŬŝŶŐ ŚĂŶĚͲŝŶͲŚĂŶĚ ǁŝƚŚ ƚŚĞ ĐůŝĞŶƚ ƚŚƌŽƵŐŚ ƚƌĂŶƐƉĂƌĞŶĐǇ͕ ƚƌƵƐƚ ĂŶĚ ƌĞƐƉĞĐƚ͘ &ƌĂŶĐŽ ^ƉŝŶĂ͛Ɛ ǁŽƌĚƐ͗ ͞/͛ǀĞ ďĞĞŶ ĚƌŝǀĞŶ ďǇ ƉĂƐƐŝŽŶ ĞǀĞƌǇ ĚĂǇ ƐŝŶĐĞ ǁŚĞŶ / ĞƐƚĂďůŝƐŚĞĚ ŵǇ ĐŽŵƉĂŶǇ͘ dŽĚĂǇ / Ăŵ ƐƵƌĞ ƚŚĂƚ ƉĂƐƐŝŽŶ ŝƐ ƚŚĞ ĞƐƐĞŶƟĂů ĞůĞŵĞŶƚ ƚŚĂƚ ŐŝǀĞƐ ůŝĨĞ ƚŽ ĞǀĞƌǇ ŶĞǁ ŝĚĞĂ ĂŶĚ ƚŚĂƚ ĐŽŵƉůĞƚĞƐ Ăůů ƉƌŽũĞĐƚƐ͘ KƵƌ ŐŽĂů ŝƐ ƚŽ ŵĂŬĞ ǁŚĂƚ ǁĞ ĚŽ ĞǆĐŝƟŶŐ͕ ƉƵƫŶŐ ĞŶĞƌŐǇ ŝŶƚŽ ĞǀĞƌǇƚŚŝŶŐ͘ ^Ž ǁĞ ŽƉĞƌĂƚĞ ƐŝŶĐĞ ϭϵϵϬ͊͟

OIL AND GAS, PETROCHEMICAL, AUTOMATION

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RODITOR & PHILADELPHIA

Roditor & Philadelphia, one of the most important manufactures of products in the world ,ŝƐƚŽƌǇ ZŽĚŝƚŽƌ Θ WŚŝůĂĚĞůƉŚŝĂ ŝƐ ƚŽĚĂǇ ŽŶĞ ŽĨ ƚŚĞ ŵŽƐƚ ŝŵƉŽƌƚĂŶƚ ŵĂŶƵĨĂĐƚƵƌĞƐ ŽĨ ƉƌŽĚƵĐƚƐ ĨŽƌ ƌŽďŽƟĐ ĂŶĚ ŵĂŶƵĂů ƉŽůŝƐŚŝŶŐ ĂŶĚ ŵĞƚĂů ƐƵƌĨĂĐĞ ƚƌĞĂƚŵĞŶƚ ŝŶ ƚŚĞ ǁŽƌůĚ͘ dŚĞ ŚŝƐƚŽƌŝĐ ĐŽŵƉĂŶǇ͕ ŽŶĨĞǌŝŽŶŝ ŝƐĐŚŝ ZŽĚŝƚŽƌ͕ ǁĂƐ ďŽƌŶ ŝŶ ϭϵϱϴ ŝŶ sĞƌŽůĂŶƵŽǀĂ ǁŝƚŚ ƚŚĞ ŽďũĞĐƟǀĞ ŽĨ ƐƵƉƉůǇŝŶŐ ƚŚĞ ůŽĐĂů ĐƵƐƚŽŵĞƌƐ ŝŶ ƚŚĞ ŵĞƚĂů ƉŽůŝƐŚŝŶŐ͘ ƵƌŝŶŐ ƚŚĞ ǇĞĂƌƐ ZŽĚŝƚŽƌ Θ WŚŝůĂĚĞůƉŚŝĂ ŐĂŝŶĞĚ ŐƌĞĂƚĞƌ ƐƚĂƚƵƌĞ ĂŶĚ ƉŽƉƵůĂƌŝƚǇ ŽŶ ƚŚĞ ŶĂƟŽŶĂů ŵĂƌŬĞƚ͕ ĂŶĚ ƚŚĞ ƉƌŽĚƵĐƚƐ ďĞŐĂŶ ƚŽ ďĞ ƵƐĞĚ ďǇ Ă ŐƌŽǁŝŶŐ ŶƵŵďĞƌ ŽĨ ĐŽŵƉĂŶŝĞƐ͘ ƚ ƚŚĞ ďĞŐŝŶŶŝŶŐ ŽĨ ƚŚĞ ϳϬ͛Ɛ͕ ƚŽ ƐĂƟƐĨǇ ƚŚĞ ƌĞƋƵŝƌĞŵĞŶƚƐ ŽĨ ƚŚĞ ĐƵƐƚŽŵĞƌƐ͕ ZŽĚŝƚŽƌ Θ WŚŝůĂĚĞůƉŚŝĂ ĚĞĐŝĚĞƐ ƚŽ ĐŽŵƉůĞƚĞ ƚŚĞ ƉƌŽĚƵĐƟŽŶ ƌĂŶŐĞ ŽĨ ďƵīƐ ŝŶƚƌŽĚƵĐŝŶŐ ƚŚĞ ƉƌŽĚƵĐƟŽŶ ŽĨ ƚŚĞ ĂďƌĂƐŝǀĞ ĐŽŵƉŽƵŶĚƐ͕ ǁŝƚŚ ƚŚĞ ĂƐƐŝƐƚĂŶĐĞ ŽĨ ĂŶ ĞǆƉĞƌƚ ŵĂŶƵĨĂĐƚƵƌĞ ǁŚŽ ǁĂƐ ŽƉĞƌĂƟŶŐ ŝŶƚŽ ƚŚĞ ůŽĐĂů ŵĂƌŬĞƚ͘ /Ŷ ϭϵϳϮ͕ ƚŚĞ ƉĂƌƚŶĞƌƐŚŝƉ ďĞƚǁĞĞŶ Dƌ͘ 'ŝŽǀĂŶŶŝ WƵŐŶĞƫ ĂŶĚ ŽŶĨĞǌŝŽŶŝ ŝƐĐŚŝ ZŽĚŝƚŽƌ͕ ĨŽƌŵƐ ƚŚĞ ĐŽŵƉĂŶǇ WŚŝůĂĚĞůƉŚŝĂ ŚĞŵŝĐĂů͕ ƚŚĞ ŶĂŵĞ ƚŽŽŬ ŝƚƐ ďĂƐŝƐ ĨƌŽŵ ƚŚĞ ƐƚƌĞĞƚ ƚŚĞ ĐŽŵƉĂŶǇ ǁĂƐ ƐĞƚ ƵƉ͘ /Ŷ ϭϵϴϬ ƚŚĞ ŵĞƌŐĞƌ ďĞƚǁĞĞŶ ŽŶĨĞǌŝŽŶŝ ŝƐĐŚŝ ZŽĚŝƚŽƌ ĂŶĚ WŚŝůĂĚĞůƉŚŝĂ ŚĞŵŝĐĂů ĐƌĞĂƚĞĚ ZŽĚŝƚŽƌ Θ WŚŝůĂĚĞůƉŚŝĂ ďŝƌƚŚ͘ /Ŷ ϭϵϵϭ ZŽĚŝƚŽƌ Θ WŚŝůĂĚĞůƉŚŝĂ ƉƵƚ ƚŽŐĞƚŚĞƌ ƚŚĞ ƉƌŽĚƵĐƟŽŶ ĚĞƉĂƌƚŵĞŶƚ ŽĨ ďƵīƐ ĂŶĚ ĂďƌĂƐŝǀĞ ĐŽŵƉŽƵŶĚƐ ĂŶĚ ŝŶ ϭϵϵϵ ĐŽŵďŝŶĞ ƚŚĞ ƉƌŽĚƵĐƟŽŶ͕ ƚŚĞ ŵĂŶĂŐĞŵĞŶƚ ĂŶĚ ƚŚĞ ƐĂůĞƐ ŽĸĐĞƐ ŝŶƚŽ

ƚŚĞ ƐĂŵĞ ĨĂĐŝůŝƚǇ ůŽĐĂƚĞĚ ŝŶ ƚŚĞ ƉƌĞƐĞŶƚ ŚĞĂĚƋƵĂƌƚĞƌ ŝŶ sŝĂ ^ĂŶ ŽŶŶŝŶŽ ϭϯ sĞƌŽůĂŶƵŽǀĂ ; ^Ϳ͘ /Ŷ ϮϬϬϮ ƚŚĞ ĐŽŵƉĂŶǇ ŽďƚĂŝŶƐ ƚŚĞ ĞƌƟĮĐĂƟŽŶ hE/ E /^K ϵϬϬϭ ĨŽƌ ŝƚƐ YƵĂůŝƚǇ DĂŶĂŐĞŵĞŶƚ ĂŶĚ ŝŶ ϮϬϭϲ ƚŚĞ ĐĞƌƟĮĐĂƟŽŶ K,^ ^ ϭϴϬϬϭ ĨŽƌ ŝƚƐ KĐĐƵƉĂƟŽŶĂů ,ĞĂůƚŚ ĂŶĚ ^ĂĨĞƚǇ DĂŶĂŐĞŵĞŶƚ ^ǇƐƚĞŵ͘ dŽĚĂǇ ZŽĚŝƚŽƌ Θ WŚŝůĂĚĞůƉŚŝĂ ƐŽůƵƟŽŶƐ ĨŽƌ ƚŚĞ ƐƵƌĨĂĐĞ ƚƌĞĂƚŵĞŶƚ ĂŶĚ ŵĞƚĂů ĮŶŝƐŚŝŶŐ ĂƌĞ ƵƐĞĚ Ăůů ŽǀĞƌ ƚŚĞ ǁŽƌůĚ͘

^ƚĞĞů tŝƌĞ ƌƵƐŚĞƐ

ƌƵƐŚĞƐ ĂŶĚ ǇůŝŶĚĞƌƐ

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

WŚŝůŽƐŽĨǇ ĂŶĚ ƋƵĂůŝƚǇ dŚĞ ĐŽŶƟŶƵŽƵƐ ĂŶĚ ƐƚĞĂĚǇ ƌĞƐĞĂƌĐŚ͕ ƚŚĞ ƚĞĐŚŶŝĐĂů ŝŵƉƌŽǀĞŵĞŶƚƐ ŽĨ ŽƵƌ ĞƋƵŝƉŵĞŶƚƐ͕ ƚŚĞ ƵƐĞ ŽĨ ŚŝŐŚ ƋƵĂůŝƚǇ ƌĂǁ ŵĂƚĞƌŝĂůƐ ĂƌĞ ƚŚĞ ďĂƐŝĐ ƉƌŝŶĐŝƉůĞƐ ŽĨ ƚŚĞ ĐŽŵƉĂŶǇ ƉŚŝůŽƐŽƉŚǇ͘ dŚĂŶŬƐ ƚŽ ƚŚŝƐ ǁĂǇ ǁĞ ŚĞůƉ ŽƵƌ ĐƵƐƚŽŵĞƌƐ ƚŽ ƌĞĂĐŚ ŽƉĞƌĂƟŽŶĂů ĂĚǀĂŶƚĂŐĞƐ͕ ƐƵĐŚ ĂƐ ƚŚĞ ƵƉŐƌĂĚŝŶŐ ĮŶŝƐŚŝŶŐ͕ ƚŚĞ ƉƌŽŐƌĞƐƐ ŽĨ ŽƵƚƉƵƚ ƌĞƐƵůƚƐ͕ ƚŚĞ ĐŽƐƚ ŽƉƟŵŝǌĂƟŽŶ͕ ƚŚĞ ǁŽƌŬŝŶŐ ĐǇĐůĞƐ ƐŝŵƉůŝĮĐĂƟŽŶ͘ dŚĞ ŝŶĐƌĞĂƐĞ ŽĨ ƌĞƐĞĂƌĐŚ ĂŶĚ ĚĞǀĞůŽƉŵĞŶƚ ĂĐƟǀŝƟĞƐ͖ ƚŚĞ ƌĂŝƐĞ ŽĨ ƚŚĞ ƐƚĂŶĚĂƌĚ ƉƌŽĚƵĐƟŽŶ ĂŶĚ ƚŚĞ ůĞǀĞů ŽĨ ĐƵƐƚŽŵĞƌ͛Ɛ ƐĂƟƐĨĂĐƟŽŶ͖ ƚŚĞ ŝŶǀĞƐƚŵĞŶƚ ŝŶ ƚŚĞ ƉƌŽĚƵĐƟŽŶ ĂŶĚ ƐƚŽƌŝŶŐ ĂƌĞĂƐ͖ ƚŚĞ ŝŶǀĞƐƚŵĞŶƚ ŝŶ ŶĞǁ ĂŶĚ ƵƉͲƚŽͲĚĂƚĞ ŵĂĐŚŝŶĞƌŝĞƐ ĂƌĞ ƚŚĞ ŵĂŝŶ ĐŽŶĐĞƉƚƐ ŽĨ ƚŚĞ ƋƵĂůŝƚǇ ƉŽůŝĐǇ ŽĨ ŽƵƌ ĐŽŵƉĂŶǇ͕ ǁŚŝĐŚ ŝƐ ŽƌŝĞŶƚĞĚ ƚŽ ƚŚĞ ƐƵĐĐĞƐƐ ŽĨ ŽƵƌ ƵƐƚŽŵĞƌƐ͘

Metal Cleaning and Industrial Polishing

ventilated buffs Our production range includes liquid and solid abrasive compounds IRU SROLVKLQJ Ã&#x20AC;QLVKLQJ DQG PLUURU Ã&#x20AC;QLVKLQJ RSHUDWLRQV RI PHWDOV

a wide range of production checkout our website www.roditor-rph.it Roditor & Philadelphia s.r.l. Via San Donnino, 13 I-25028 Verolanuova (BS) ITALY Tel. +39.030.931211 Fax +39.030.931768 E-mail: info@roditor-rph.it

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An ITALIAN leader in the industry of national and international market with a wide range of products

ƐƚĂďůŝƐŚĞĚ ŝŶ ϭϵϱϵ͕ EKZd,KE dƌĂƐŵŝƐƐŝŽŶŝ Ɛƌů ĂůƐŽ ŬŶŽǁŶ ĂƐ dZ E^ͲDKdK ^ƌů ŝƐ ĐƵƌƌĞŶƚůǇ ĂŶ /d >/ E ůĞĂĚĞƌ ŝŶ ƚŚĞ ŝŶĚƵƐƚƌǇ ĂŶĚ ŝƐ ƉƌĞƐĞŶƚ ŽŶ ƚŚĞ ŶĂƟŽŶĂů ĂŶĚ ŝŶƚĞƌŶĂƟŽŶĂů ŵĂƌŬĞƚ ǁŝƚŚ Ă ǁŝĚĞ ƌĂŶŐĞ ŽĨ ƉƌŽĚƵĐƚƐ ;ĂůƐŽ d y ĐĞƌƟĮĞĚͿ ŝĚĞŶƟĮĞĚ ďǇ ƚŚĞ EKZd,KE ƚƌĂĚĞŵĂƌŬ͗ ĞůĂƐƟĐ ĐŽƵƉůŝŶŐƐ͕ ŐĞĂƌ ĐŽƵƉůŝŶŐƐ͕ ĚŝƐĐ ĐŽƵƉůŝŶŐƐ ĂŶĚ ŐĞĂƌ ƐƉŝŶĚůĞ͘ /Ŷ ĂĚĚŝƟŽŶ ƚŽ ƐƚĂŶĚĂƌĚ ǀĞƌƐŝŽŶƐ͕ ƚŚĞƐĞ ĂƌĞ ĂůƐŽ ƉƌŽĚƵĐĞĚ ŝŶ ƐƉĞĐŝĂů ǀĞƌƐŝŽŶƐ ƚŽ ŵĞĞƚ ƚŚĞ ĐƵƐƚŽŵĞƌ͛Ɛ ŶĞĞĚƐ͘ dŚĞ ƐƵƉƉůǇ ĐŽŵƉƌŝƐĞƐ ĐŽƵƉůŝŶŐƐ ŝŶ Ă ƚŽƌƋƵĞ ƌĂŶŐĞ ďĞƚǁĞĞŶ ϭϬ ĂŶĚ ϭϱ͕ϳϬϬ͕ϬϬϬ Eŵ͘ KƵƌ ĐŽƵƉůŝŶŐƐ ĂƌĞ ƵƐĞĚ ŝŶ ƚŚĞ ĂůŵŽƐƚ Ăůů ŝŶĚƵƐƚƌŝĂů ďƌĂŶĐŚĞƐ͗ ŝƌŽŶ ĂŶĚ ƐƚĞĞů͕ ĞŶĞƌŐǇ͕ ĞĐŽůŽŐŝĐĂů͕ ŵŝŶŝŶŐ͕ ƉĂĐŬĂŐŝŶŐ͕ ĨŽŽĚ͕ ŽīƐŚŽƌĞ͕ ƉĞƚƌŽĐŚĞŵŝĐĂů͕ ĂǀŝĂƟŽŶ͕ Ăŝƌ ĐŽŵƉƌĞƐƐŽƌƐ͕ ƌƵďďĞƌ ŵĂŶƵĨĂĐƚƵƌŝŶŐ ĂŶĚ Ăůů ŝŶĚƵƐƚƌŝĂů ƐǇƐƚĞŵƐ ŝŶ ŐĞŶĞƌĂů͘ KƵƌ ŚŝƐƚŽƌǇ ŝŶĐůƵĚĞƐ ŵƵůƟƉůĞ ĐŽůůĂďŽƌĂƟŽŶƐ ǁŝƚŚ ƐĞǀĞƌĂů ǁŽƌůĚ ůĞĂĚĞƌƐ ŝŶ ƐƚĞĞů ƌŽůůŝŶŐ͕ ŝŶ ĂůƵŵŝŶŝƵŵ ĞǆƚƌƵƐŝŽŶ͕ ŝŶ ƌƵďďĞƌ ƉƌŽĐĞƐƐŝŶŐ ĂŶĚ ŝŶ ƚŚĞ ŵĂŶƵĨĂĐƚƵƌĞ ŽĨ ŐĞĂƌďŽǆĞƐ͘ ůů ĐŽŵƉŽŶĞŶƚƐ ĂƌĞ ĚĞƐŝŐŶĞĚ ĂŶĚ ƉƌŽĚƵĐĞĚ ŝŶ ŽƵƌ ƉůĂŶƚƐ͘ dŚĞ ƉƌŽĚƵĐƟŽŶ ŝƐ ĐŽŶƐƚĂŶƚůǇ ĐŚĞĐŬĞĚ ĐŽŵƉůǇŝŶŐ ǁŝƚŚ ƚŚĞ ĚŝƌĞĐƟǀĞƐ ŽĨ ƚŚĞ /^K ϵϬϬϭ͗ϮϬϭϱ ĐĞƌƟĮĐĂƟŽŶ͕ ĞŶƐƵƌŝŶŐ ƚŚĞ ƋƵĂůŝƚǇ ŽĨ ƚŚĞ ĐŽƵƉůŝŶŐ͘ dŚĞ ƌĂǁ ŵĂƚĞƌŝĂůƐ ƵƐĞĚ ĂƌĞ Ăůů ĐĞƌƟĮĞĚ ƋƵĂůŝƚǇ͘ dŚĞ ĐŽƵƉůŝŶŐƐ ĂƌĞ ƉƌŽĚƵĐĞĚ ŝŶ ŽƵƌ sŝůůĂ ĂƌĐŝŶĂ ƉůĂŶƚ ŶĞĂƌ ƌĞƐĐŝĂ͕ ǁŚĞƌĞ ǁĞ ŚĂǀĞ Ă ůĂƌŐĞ ĂŶĚ ŵŽĚĞƌŶ ŇĞĞƚ ŽĨ E ŵĂĐŚŝŶĞƌǇ ĨŽƌ ǁŽƌŬŝŶŐ Ăůů ĐŽŵƉŽŶĞŶƚƐ͕ ƚŚƵƐ ĞŶƐƵƌŝŶŐ ƚŚĞ ƉƌĞĐŝƐŝŽŶ ŽĨ ĞǆĞĐƵƟŽŶ ŽǀĞƌ ƟŵĞ͘ ͘ ŝŶĨŽΛŶŽƌƚŚŽŶͲƚƌĂƐŵŝƐƐŝŽŶŝ͘ŝƚ

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Versalis, a new technological partner in town sĞƌƐĂůŝƐ ĞΠ͕ d, s Z^ >/^ ^W / >dz K/>&/ > , D/ >^ WKZd&K>/K Versalis ŽīĞƌƐ Ă ĐŽŵƉƌĞŚĞŶƐŝǀĞ ƐƉĞĐŝĂůƚǇ ŽŝůĮĞůĚ ĐŚĞŵŝĐĂůƐ ƉŽƌƞŽůŝŽ ĂŶĚ ƌĞůĂƚĞĚ ƐƉĞĐŝĂůŝǌĞĚ ĞǆƉĞƌƟƐĞ͕ ĞŶĂďůŝŶŐ ƚŚĞ ĚĞƐŝŐŶ͕ ŵĂŶĂŐĞŵĞŶƚ ĂŶĚ ŽƉƟŵŝǌĂƟŽŶ ŽĨ ĐŚĞŵŝĐĂů ƚƌĞĂƚŵĞŶƚƐ ĨŽƌ ƚŚĞ Žŝů ĂŶĚ ŐĂƐ ŝŶĚƵƐƚƌǇ Ăƚ Ă ŐůŽďĂů ůĞǀĞů͘ WƌŽĚƵĐƟŽŶ ĂŶĚ ƐƟŵƵůĂƟŽŶ ĐŚĞŵŝĐĂůƐ ĂŶĚ ƉĞƌĨŽƌŵĂŶĐĞ ĚƌŝůůŝŶŐ ĐŚĞŵŝĐĂůƐ ĐĂŶ ďĞ ƉƌŽǀŝĚĞĚ ŽǀĞƌ Ă ǁŝĚĞ ƌĂŶŐĞ ŽĨ ĐŽŵŵŽĚŝƚǇ ĐŚĞŵŝĐĂůƐ͘

sĞƌƐĂůŝƐ ; ŶŝͿ ŝƐ ƚŚĞ ůĂƌŐĞƐƚ /ƚĂůŝĂŶ ĐŚĞŵŝĐĂů ĐŽŵƉĂŶǇ͘ dŚĞ ĐŽŵƉĂŶǇ ŵĂŶƵĨĂĐƚƵƌĞƐ ĂŶĚ ŵĂƌŬĞƚƐ ĂŶ ĞǆƚĞŶƐŝǀĞ ƉŽƌƞŽůŝŽ ŽĨ ƉĞƚƌŽĐŚĞŵŝĐĂů ƉƌŽĚƵĐƚƐ ĂŶĚ ŝƐ Ă ůĞĂĚŝŶŐ ƉƌŽĚƵĐĞƌ ŽĨ ŝŶƚĞƌŵĞĚŝĂƚĞƐ͕ ƉŽůǇĞƚŚǇůĞŶĞ͕ ƐƚǇƌĞŶŝĐƐ͕ ĞůĂƐƚŽŵĞƌƐ ĂŶĚ ďŝŽͲďĂƐĞĚ ĐŚĞŵŝĐĂůƐ ĂŶĚ ƉŽůǇŵĞƌƐ͘ ŽƌĞ ĞůĞŵĞŶƚ ŝŶ ƚŚĞ ĐŽŵƉĂŶǇ ƐƚƌĂƚĞŐǇ ŝƐ ƚŚĞ ĞǆƉĂŶƐŝŽŶ ŽĨ ƚŚĞ ƉƌŽĚƵĐƚ ƉŽƌƞŽůŝŽ ǁŝƚŚ ĂĚĚĞĚͲ ǀĂůƵĞ ĂŶĚ ƉƌĞŵŝƵŵ ƉƌŽĚƵĐƚƐ͘ ĚĚŝƟŽŶĂůůǇ͕ ƚŚĞ ĐŽŵƉĂŶǇ ĂŝŵƐ ƚŽ ĂĐŚŝĞǀĞ Ă ůĞĂĚĞƌƐŚŝƉ ƉŽƐŝƟŽŶ ŝŶ ĨĂƐƚͲ ŐƌŽǁŝŶŐ ŵĂƌŬĞƚƐ ďǇ ůĞǀĞƌĂŐŝŶŐ ŝƚƐ ƚĞĐŚŶŽůŽŐŝĐĂů ĂŶĚ ŝŶĚƵƐƚƌŝĂů ĞǆƉĞƌƟƐĞ ŽŶ Ă ŐůŽďĂů ƐĐĂůĞ͗ Versalis ŝƐ ĐƵƌƌĞŶƚůǇ ƉƌĞƐĞŶƚ ŝŶ ƵƌŽƉĞ͕ ƐŝĂ͕ ĨƌŝĐĂ ĂŶĚ ƚŚĞ ŵĞƌŝĐĂƐ͘

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WZK h d/KE , D/ >^ '>K > ^ Zs/ ƌƵĚĞ Žŝů ĂŶĚ ŶĂƚƵƌĂů ŐĂƐ ƉƌŽĚƵĐƟŽŶ ŝƐ ĐŚĂƌĂĐƚĞƌŝǌĞĚ ďǇ ǀĂƌŝĂďůĞ ƉƌŽĚƵĐƟŽŶ ƌĂƚĞƐ ĂŶĚ ƵŶƉƌĞĚŝĐƚĂďůĞ ĐŚĂŶŐĞƐ ŝŶ ƚŚĞ ƋƵĂůŝƚǇ ŽĨ ƚŚĞ ŇƵŝĚƐ ĞǆƚƌĂĐƚĞĚ͘ /ƚ ŝƐ ŝŵƉĞƌĂƟǀĞ ƚŽ ďĂůĂŶĐĞ ƵŶƉƌĞĚŝĐƚĂďŝůŝƚǇ ĂŶĚ ƉƌŽǀŝĚĞ ĞǆĐĞůůĞŶƚ ƉĞƌĨŽƌŵĂŶĐĞ͕ ǁŝƚŚ ĂŶ ĞǇĞ ƚŽ ŽƉƟŵŝǌĂƟŽŶ ĂŶĚ ƐƵƐƚĂŝŶĂďŝůŝƚǇ͘ Versalis ĐĂŶ ƉƌŽǀŝĚĞ ƐƉĞĐŝĮĐ ŬŶŽǁͲŚŽǁ ǁŝƚŚŝŶ ƚŚĞ ƐĐŽƉĞ ŽĨ ĚĞǀĞůŽƉŵĞŶƚ͕ ƋƵĂůŝƚǇ ĂŶĚ ,^ ͘ dŚĞ ^ƉĞĐŝĂůƚǇ KŝůĮĞůĚ ŚĞŵŝĐĂůƐ dĞĂŵ ŝƐ ŽƌŐĂŶŝǌĞĚ ƚŽ ƉƌŽǀŝĚĞ Ă ǀĂůƵĂďůĞ ŐůŽďĂů ƐĞƌǀŝĐĞ ĂŶĚ ĐŽŵŵŝƩĞĚ ƚŽ ĞǆĐĞĞĚŝŶŐ ĐƵƐƚŽŵĞƌƐ͛ ĞǆƉĞĐƚĂƟŽŶƐ ŝŶ ƚĞƌŵƐ ŽĨ ĞŶǀŝƌŽŶŵĞŶƚĂů ƉƌŽƚĞĐƟŽŶ͕ ƌĞůŝĂďůĞ ŇŽǁ ĂƐƐƵƌĂŶĐĞ͕ ĞĸĐŝĞŶƚ Žŝůͬ ǁĂƚĞƌ ƐĞƉĂƌĂƟŽŶ͕ ĂŶĚ ůŽŶŐͲƚĞƌŵ ĂƐƐĞƚ ŝŶƚĞŐƌŝƚǇ͘ Versalis ĞΠ ƉŽƌƞŽůŝŽ ŝƐ ĚĞƐŝŐŶĞĚ ƚŽ ŚĞůƉ ĚŝƐĐŽǀĞƌ ĂŶĚ ĨŽƐƚĞƌ ŶĞǁ ƐŽůƵƟŽŶƐ ĨŽƌ ĐŚĂůůĞŶŐĞƐ ĞŶĐŽƵŶƚĞƌĞĚ ŝŶ ƚŚĞ ŽŝůĮĞůĚ ŝŶĚƵƐƚƌǇ͕ ǁŝƚŚ Ă ƉƌŽǀĞŶ ƚƌĂĐŬ ƌĞĐŽƌĚ ĨŽƌ ŝŶŶŽǀĂƟŽŶ͕ ƐƵƐƚĂŝŶĂďůĞ ƐŽůƵƟŽŶƐ ĂŶĚ ĐŽŶƐŝƐƚĞŶƚ ƉƌŽĚƵĐƚ ƋƵĂůŝƚǇ͘ ŝŶĨŽ͘ŽŝůĮĞůĚΛǀĞƌƐĂůŝƐ͘ĞŶŝ͘ĐŽŵ ǁǁǁ͘ǀĞƌƐĂůŝƐ͘ĞŶŝ͘ĐŽŵ

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Oil and Gas Climate Initiative sets first FROOHFWLYH PHWKDQH WDUJHW IRU PHPEHU co m p a n i e s

New York City, September 24, 2018 – The Oil and Gas Climate Initiative (OGCI) today announced a target to reduce by 2025 the collective average methane intensity of its aggregated upstream gas and oil operations by one fifth to below 0.25%, with the ambition to achieve 0.20%, corresponding to a reduction by one third. The methane intensity refers to the methane that gets lost in the atmosphere when producing oil and gas, as a percentage of the gas sold. This effort represents a significant milestone in tackling a key issue in the fight against climate change and underlines OGCI’s stance in working together to support the goals of the Paris Agreement. Achieving the agreed intensity target of 0.25% by the end of 2025 would reduce collective emissions by 350,000 tonnes of methane annually, compared to the baseline of 0.32% in 2017.1 OGCI will seek to go beyond this target, to achieve as much as one-third reduction in the same timeframe. “Our aim is to work towards near zero methane emissions from the full gas value chain in support of achieving the goals of the Paris Agreement. We have worked to make our ambition concrete, ac-tionable and measurable, helping to ensure that natural gas can realize its full potential in a low-emissions future,” the heads of the OGCI member companies said. To reduce the OGCI’s collective methane emissions intensity, member companies will target key emissions sources. OGCI members are also engaging with other companies in the industry to help ensure that methane emissions are addressed across the full gas value chain. This methane target comes as OGCI welcomes Chevron Corporation, Exxon Mobil Corporation, and Occidental Petroleum, three US majors that together represent 5% of global oil and gas production, to the initiative. The new OGCI members support the collective methane reduction target and are aligned with OGCI collective goals, including recognition and support of the Paris Agreement, collective reporting, and a commitment to the aims of Zero Routine Flaring by 2030. They reinforce the capacity of OGCI’s work programs and share OGCI’s focus on developing a collective roadmap on carbon capture, use and storage. In addition, each will commit $100 million to the OGCI Climate Investments fund. Through its $1 billion investment fund OGCI Climate Investments, OGCI aims to increase the ambition, speed and scale of initiatives to reduce greenhouse gases. Today, OGCI Climate Investments announced its 2018 investments, focused on recycling and storing CO2 and on reducing methane emissions. Deployment of these technical solutions will support OGCI’s mandate. In order to expand its global impact, OGCI Climate Investments today jointly announced with CNPC (the Chinese National Petroleum Corporation) that they are partnering to create OGCI Climate Investments China, an investment fund focused on China. 1: OGCI baseline in 2017 is 0.32% for the existing 10 member companies and accounts for total upstream methane emissions from all operated gas and oil assets. Emissions intensity is calculated as a share of marketed gas. The reduction is calculated on the basis of the volume of natural gas that reached the market in 2017. It should be noted that the 0.32% baseline and the collective annual reduction of 350,000 tonnes of methane emissions to reach the collective methane intensity target do not reflect the contribution of the three new US member companies (Chevron Corporation, Exxon Mobil Corporation, and Occidental Petroleum), that officially joined OGCI today. The detailed methodology and assumptions are publicly available on the OGCI website.

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CARRARA SPA

Carrara Spa *OREDO 6HDOLQJ 6ROXWLRQV

^ŝŶĐĞ ϭϵϲϭ͕ ĂƌƌĂƌĂ ^ĞĂůŝŶŐ ^ŽůƵƟŽŶƐ ŝƐ ŽŶĞ ŽĨ ƚŚĞ ůĂƌŐĞƐƚ ƵƌŽƉĞĂŶ ŵĂŶƵĨĂĐƚƵƌĞƌ ŽĨ ƐĞĂůŝŶŐ ĐŽŵƉŽŶĞŶƚƐ ĨŽƌ ǀĂůǀĞƐ͕ ƉƵŵƉƐ ĂŶĚ ŇĂŶŐĞƐ͘ ĂƌƌĂƌĂ ŝƐ Ă ĐŽŵƉĞƚĞŶƚ͕ ŇĞǆŝďůĞ ĂŶĚ ŝŶŶŽǀĂƟǀĞ ƌĞƐŽƵƌĐĞ ƚŚĂƚ ŝƐ ĂůǁĂǇƐ ĨŽĐƵƐƐĞĚ ŽŶ ĐƵƐƚŽŵĞƌƐ ƚŽ ƉƌŽǀŝĚĞ ƐŽůƵƟŽŶƐ ƚŽ ŝŵƉƌŽǀĞ ƚŚĞ ƌĞůŝĂďŝůŝƚǇ͕ ĞĸĐŝĞŶĐǇ ĂŶĚ ĐŽŶĨŽƌŵŝƚǇ ŽĨ ƚŚĞŝƌ ƉƌŽĐĞƐƐĞƐ͘ >ŽǁͲ ŵŝƐƐŝŽŶ KƌŝĞŶƚĞĚ ĂƌƌĂƌĂ ŚĂƐ ǁŽƌŬĞĚ ŝŶ ƚŚĞ ůŽǁͲĞŵŝƐƐŝŽŶ ĐŽŵƉŽŶĞŶƚ ƐĞĐƚŽƌ ĨŽƌ ĚĞĐĂĚĞƐ͕ ĂŶĚ ƚŽĚĂǇ ŽīĞƌƐ Ă ƉƌŽĚƵĐƚ ƌĂŶŐĞ ƚŚĂƚ ŝŶĐůƵĚĞƐ ůŽǁͲĞŵŝƐƐŝŽŶ ƉƌŽĚƵĐƚƐ ĨŽƌ ǀĂůǀĞ ƐƚĞŵƐ͕ ďŽŶŶĞƚƐ ĂŶĚ ƐĞĂƚƐ ĂƐ ǁĞůů ĂƐ > Z ĞŶǀŝƌŽŶŵĞŶƚĂů ƐĞƌǀŝĐĞƐ͘ • WĂĐŬŝŶŐƐ ĂŶĚ 'ĂƐŬĞƚƐ • Valve Components • ŶǀŝƌŽŶŵĞŶƚĂů ^ĞƌǀŝĐĞƐ Ͳ W/ϲϮϮ͘/^Kϭϱϴϰϴ͘ d >h&d s /ϮϰϰϬ ůŽǁͲĞŵŝƐƐŝŽŶ ĂƉƉƌŽǀĞĚ ŐƌĂƉŚŝƚĞ ƉĂĐŬŝŶŐƐ ĨŽƌ ǀĂůǀĞƐ͕ ŇĂƚ ŐƌĂƉŚŝƚĞ ŐĂƐŬĞƚƐ ĂŶĚ ƐƉŝƌĂů ǁŽƵŶĚ ŐĂƐŬĞƚƐ Ͳ D ĂƉƉƌŽǀĞĚ ĨŽƌ KǆǇŐĞŶ ƐĞƌǀŝĐĞƐ ŐƌĂƉŚŝƚĞ ƉĂĐŬŝŶŐ͕ ŇĂƚ ŐƌĂƉŚŝƚĞ͕ ƐƉŝƌĂů ǁŽƵŶĚ͕ ďƌĂŝĚĞĚ Wd& ƉĂĐŬŝŶŐ ĂŶĚ ĐŚĞǀƌŽŶ Wd& ƉĂĐŬŝŶŐ ͲƉƌĞƐƐƵƌĞ ƐĞĂů ŐƌĂƉŚŝƚĞ ŐĂƐŬĞƚƐ ĂŶĚ ŚŝŐŚͲƉƌĞƐƐƵƌĞ ŐƌĂƉŚŝƚĞ ƐƚĞŵ ƉĂĐŬŝŶŐ ͲŇĂŶŐĞ ŐĂƐŬĞƚƐ ƌŝŶŐ ũŽŝŶƚ͕ ĐĂŵƉƌŽĮůĞ ĂŶĚ ƐƉŝƌĂů ǁŽƵŶĚ ŐĂƐŬĞƚƐ ͲŚĞĂƚ ĞǆĐŚĂŶŐĞƌ ŐĂƐŬĞƚƐ ĚŽƵďůĞ ũĂĐŬĞƚĞĚ ŐĂƐŬĞƚƐ ͲĮƌĞͲƐĂĨĞ ĂŶĚ ŐƌĂƉŚŝƚĞ ŐĂƐŬĞƚƐ ĨŽƌ ďĂůů ǀĂůǀĞ ƐĞĂƚƐ

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

ͲǀĂůǀĞ ƐĞĂƚƐ ƐĞĂƚƐ ĨŽƌ ƐŽŌ ŝŶƐĞƌƚĞĚ ĂŶĚ ŵĞƚĂů ƚŽ ŵĞƚĂů ďĂůů ǀĂůǀĞƐ͕ ƐĞĂƚƐ ĨŽƌ ƚŚƌŽƵŐŚ ĐŽŶĚƵŝƚ ŐĂƚĞ ǀĂůǀĞƐ͕ ƐƉĞĐŝĂů ǀĂůǀĞ ĐŽŵƉŽŶĞŶƚƐ ͲŝŶƐƵůĂƟŽŶ Ŭŝƚ ĨŽƌ ŇĂŶŐĞƐ 'Z ƐƚĞĞů ĐŽƌĞ ŝŶƐĞƌƚĞĚ ŝŶƐƵůĂƟŽŶ ŬŝƚƐ͕ ĨƵůůǇ ĞƋƵŝƉƉĞĚ ǁŝƚŚ ƐůĞĞǀĞƐ ĂŶĚ ǁĂƐŚĞƌƐ ĨŽƌ ŚŝŐŚͲƉƌĞƐƐƵƌĞ ĂƉƉůŝĐĂƟŽŶƐ Ͳ> Z ĂŶĚ ^D Zd > Z ŝŶƐƉĞĐƟŽŶ ƉƌŽƚŽĐŽůƐ ĨŽƌ ƚŚĞ ĚĞƚĞĐƟŽŶ ŽĨ ĨƵŐŝƟǀĞ ĞŵŝƐƐŝŽŶƐ ŽĨ ǀŽůĂƟůĞ ĐŽŵƉŽƵŶĚƐ ;sK Ϳ ĂĐĐŽƌĚŝŶŐ ƚŽ W DĞƚŚŽĚ Ϯϭ ĂŶĚ /Z K'/ ĂŵĞƌĂ ;KƉƟĐĂů 'ĂƐ /ŵĂŐŝŶŐͿ ƚĞĐŚŶŝƋƵĞƐ͘

12-15 November

ĂƌƌĂƌĂ ^ƉĂ ͮ 'ůŽďĂů ^ĞĂůŝŶŐ ^ŽůƵƟŽŶƐ sŝĂ WƌŽǀŝŶĐŝĂůĞ ϭ ͮ ϮϱϬϯϬ ĚƌŽ ͮ /ƚĂůǇ WŚŽŶĞ нϯϵϬϯϬϳϰϱϭϭϮϭ ͮ &Ăǆ нϯϵϬϯϬϳϰϱϭϭϯϬ ŵĂŝů͗ ŝŶĨŽΛĐĂƌƌĂƌĂ͘ŝƚ ͮ tĞďƐŝƚĞ͗ ǁǁǁ͘ĐĂƌƌĂƌĂ͘ŝƚ

Hall 2 | Stand 2310

VAL VES

BLABO® Tank Cleaning MoClean® ATS Tank Cleaning SLOPO® Oil Recovery

Supplier of market-leading tank cleaning technology

CHOOSE A PARTNER WITH A PROVEN 60-YEAR TRACK RECORD Oreco no-man entry tank cleaning and oil recovery systems provide high-technology solutions for tanks – with safe working conditions, minimised emissions and visible cost beneﬁt to your enterprise. Discover the advantages of an innovative partnership.

Learn more at www.oreco.com www.oreco.com

No. 1 in tank cleaning technology since 1957

VALVES, PIPES, TANKS

COGEIM EUROPE SRL

Since 1970 COGEIM EUROPE s.r.l. has EHHQ GHVLJQLQJ DQG PDQXIDFWXULQJ surface treatment plants ^ŝŶĐĞ ϭϵϳϬ K' /D hZKW Ɛ͘ƌ͘ů͘ ŚĂƐ ďĞĞŶ ĚĞƐŝŐŶŝŶŐ ĂŶĚ ŵĂŶƵĨĂĐƚƵƌŝŶŐ ƐƵƌĨĂĐĞ ƚƌĞĂƚŵĞŶƚ ƉůĂŶƚƐ ŝŶĐůƵĚŝŶŐ ƐŚŽƚ ďůĂƐƟŶŐ͕ ƐƚƌŝƉƉŝŶŐ͕ ƐŚŽƚ ƉĞĞŶŝŶŐ ĂŶĚ ƐĂŶĚďůĂƐƟŶŐ ĞƋƵŝƉŵĞŶƚƐ͕ ŵĞƌĐŚĂŶĚŝƐŝŶŐ ƚŚĞŵ Ăůů ŽǀĞƌ ƚŚĞ ǁŽƌůĚ͘ dŚĞ ďůĂƐƟŶŐ ƉƌŽĐĞĚƵƌĞ ĞŶƐƵƌĞƐ ƚŚĞ ĐůĞĂŶŝŶŐ ĂŶĚ ĐŽŶĚŝƟŽŶŝŶŐ ŽĨ ďŽƚŚ ŵĞƚĂů ƐƵƌĨĂĐĞƐ ĂŶĚ ƐƚŽŶĞ Žƌ ĐĞŵĞŶƚ ƉƌŽĚƵĐƚƐ͘ K' /D ƚĞĐŚŶŽůŽŐŝĞƐ ĐĂŶ ďĞ ĞŵƉůŽǇĞĚ ŝŶ Ă ůĂƌŐĞ ŶƵŵďĞƌ ŽĨ ĂƉƉůŝĐĂƟŽŶƐ͗ ŝŶ ƚŚĞ ŵĞĐŚĂŶŝĐĂů ŝŶĚƵƐƚƌǇ ƚŚĞǇ ĐĂŶ ďĞ ƵƐĞĚ ŝŶ ƐƚĞĞůǁŽƌŬƐ͕ ĨŽƵŶĚƌŝĞƐ͕ ĐĂƌƉĞŶƚƌŝĞƐ͕ ŝŶĚƵƐƚƌŝĂů ƉĂŝŶƟŶŐ ĂŶĚ ĨŽƌŐŝŶŐ ĨĂĐƚŽƌŝĞƐ͕ ǁŚŝůĞ ŝŶ ƚŚĞ ƐƚŽŶĞ ƐĞĐƚŽƌ ƚŚĞǇ ĐĂŶ ďĞ ĂƉƉůŝĞĚ ŝŶ ĨĂĐƚŽƌŝĞƐ ƉƌŽĐĞƐƐŝŶŐ ŐƌĂŶŝƚĞ͕ ŵĂƌďůĞ ĂŶĚ ĐŽŶĐƌĞƚĞ͘ dŚĞ ĐŽŵƉĂŶǇ ŝƐ ďĂƐĞĚ ŝŶ ĂƐŽƌĞǌǌŽ ;DŝůĂŶͿ ĂŶĚ ƌƵŶƐ ƚǁŽ ŵĂŶƵĨĂĐƚƵƌŝŶŐ ƉůĂŶƚƐ ƚŚĂƚ ŽĐĐƵƉǇ Ă ƚŽƚĂů ŽĨ ϭϰϬϬϬ ƐƋŵ͕ ĂŶĚ ĐŽƵŶƚƐ ŵŽƌĞ ƚŚĂŶ ϵϬ ĞŵƉůŽǇĞĞƐ͘ ůů K' /D ŵĂĐŚŝŶĞƌŝĞƐ ĂƌĞ ƚŚŽƌŽƵŐŚůǇ ŵĂŶƵĨĂĐƚƵƌĞĚ ŝŶ ŽƵƌ ĨĂĐŝůŝƟĞƐ ƐƚĂƌƟŶŐ ĨƌŽŵ ƚŚĞ ƉƌŽĚƵĐƟŽŶ ŽĨ ƚŚĞ ƌĂǁ ďĂƐŝĐ ŵĂƚĞƌŝĂůƐ ;ƐƵĐŚ ĂƐ ŵĞƚĂů ƐŚĞĞƚƐ ĂŶĚ ƐĞĐƟŽŶ ďĂƌƐͿ ƚŽ ƚŚĞ ƚĞƐƟŶŐ ŽĨ ƚŚĞ ĮŶŝƐŚĞĚ ƐǇƐƚĞŵ͕ ŐŽŝŶŐ ƚŚƌŽƵŐŚ ǁĞůĚŝŶŐ͕ ƐĞƫŶŐͲ ƵƉ͕ ƉĂŝŶƟŶŐ͕ ŝŶƐƚĂůůĂƟŽŶ ŽĨ ƚŚĞ ĞůĞĐƚƌŝĐĂů ƐǇƐƚĞŵ͕ ĞƚĐ͘͘͘ Ŷ ĂĐĐƵƌĂƚĞ ƋƵĂůŝƚǇ ĐŽŶƚƌŽů ŝƐ ĐŽŶƐƚĂŶƚůǇ ĐĂƌƌŝĞĚ ŽƵƚ ƚŚƌŽƵŐŚŽƵƚ ƚŚĞ ĞŶƟƌĞ ƉƌŽĐĞƐƐ͕ ŝŶ ŽƌĚĞƌ ƚŽ ŐƵĂƌĂŶƚĞĞ ŚŝŐŚͲƋƵĂůŝƚǇ ƐǇƐƚĞŵƐ ǁŚŝĐŚ ŚĞůƉ ŽƵƌ ĐƵƐƚŽŵĞƌƐ ƚŽ ƌĞĚƵĐĞ ŵĂŝŶƚĞŶĂŶĐĞ ĐŽƐƚƐ͕ ǁŚŝůĞ ĞŶƐƵƌŝŶŐ Ă ƐƚƌŽŶŐ ĂŶĚ ĚƵƌĂďůĞ ŵĂĐŚŝŶĞƌǇ ǁŝƚŚ Ă ŚŝŐŚ ƉƌŽĚƵĐƟŽŶ ĞĸĐŝĞŶĐǇ͘ ƚ K' /D ĞǀĞƌǇ ƉƌŽĚƵĐƟŽŶ ƐƚĂŐĞ ŝƐ ŵŽŶŝƚŽƌĞĚ ďǇ Ă ŚŝŐŚͲƚĞĐŚ ŵĂŶĂŐĞŵĞŶƚ ƐŽŌǁĂƌĞ ǁŚŝĐŚ ƚƌĂĐŬƐ ŝŶ ƌĞĂů ƟŵĞ ƚŚĞ ƉƌŽŐƌĞƐƐ ŽĨ ƚŚĞ ǁŽƌŬ ĂŶĚ ĚĞĮŶĞƐ ĂĐĐƵƌĂƚĞ ĚĞůŝǀĞƌǇ ƐĐŚĞĚƵůĞƐ͘ DŽƌĞŽǀĞƌ͕ ŝŶ ϭϵϵϵ ƚŚĞ ĐŽŵƉĂŶǇ ŚĂƐ ďĞĞŶ /^K ϵϬϬϭ͗ϮϬϬϴ ĐĞƌƟĮĞĚ ĂŶĚ ŝŶ ϮϬϭϳ ŚĂƐ ŽďƚĂŝŶĞĚ ƚŚĞ ŶĞǁ /^K ϵϬϬϭ͗ϮϬϭϱ ƐƚĂŶĚĂƌĚ͘ dŚĞ ĞǆƉĞƌƟƐĞ ŽĨ K' /D ĚĞƐŝŐŶĞƌƐ͕ ĂůŽŶŐ ǁŝƚŚ ƚŚĞŝƌ ƚĞĐŚŶŝĐĂů ĞǆƉĞƌŝĞŶĐĞ ĂŶĚ ƚŚĞ ĐŽŶƐƚĂŶƚ ƚĞĐŚŶŽůŽŐŝĐĂů ŝŶŶŽǀĂƟŽŶ͕ ĂůůŽǁƐ ƚŽ ƉƌŽĚƵĐĞ ĐƵƐƚŽŵŝǌĞĚ ŵĂĐŚŝŶĞƌŝĞƐ ƚŚĂƚ ŵĞĞƚ Ăůů ĞŶĚ ƵƐĞƌƐ͛ ƉĞĐƵůŝĂƌ ƌĞƋƵŝƌĞŵĞŶƚƐ ŝŶ ŽƌĚĞƌ ƚŽ ďŽŽƐƚ ƚŚĞ ĞƋƵŝƉŵĞŶƚƐ ƉĞƌĨŽƌŵĂŶĐĞƐ͘ K' /D ĚĞůŝǀĞƌƐ ŚƵŶĚƌĞĚƐ ŽĨ ƉůĂŶƚƐ ĞǀĞƌǇ ǇĞĂƌ͕ ĂŶĚ ƚŚŝƐ ŶƵŵďĞƌ ŝƐ ƌŝƐŝŶŐ ůĂƐƚ ǇĞĂƌ ϭϱϬ ƐŚŽƚ ďůĂƐƟŶŐ ŵĂĐŚŝŶĞƐ ŚĂǀĞ ďĞĞŶ ĚĞůŝǀĞƌĞĚ͘ tĞ͛ǀĞ ĂƩĂŝŶĞĚ ƚŚĞƐĞ ƌĞƐƵůƚƐ ƚŚĂŶŬƐ ƚŽ ƚŚĞ ĐŽŶƟŶƵŽƵƐ ƵƉĚĂƟŶŐ ŽĨ ƚŚĞ ƉƌŽĚƵĐƟŽŶ ƉůĂŶƚƐ ĂŶĚ ƚŚĞ ĐŽŶƐƚĂŶƚ ŝŶǀĞƐƚŵĞŶƚƐ ŝŶ ƚŚĞ ƌĞƐĞĂƌĐŚ ŽĨ ŝŶŶŽǀĂƟǀĞ ƐŽůƵƟŽŶƐ͘ ŶŽƚŚĞƌ ƐƚƌŽŶŐ ƉŽŝŶƚ Ăƚ K' /D ŝƐ ƚŚĞ ƌĞůŝĂďůĞ ĂŌĞƌͲƐĂůĞƐ ƐĞƌǀŝĐĞ͕ ǁŚŝĐŚ ŐƵĂƌĂŶƚĞĞƐ ƚŚĞ ĐŽŶƟŶƵŽƵƐ ĂǀĂŝůĂďŝůŝƚǇ ŽĨ ƐƉĂƌĞ ƉĂƌƚƐ ĂƐ ǁĞůů ĂƐ ƌĞĂůͲƟŵĞ ĂƐƐŝƐƚĂŶĐĞ ďǇ ƋƵĂůŝĮĞĚ ƉĞƌƐŽŶŶĞů͘ &Žƌ ŵŽƌĞ ŝŶĨŽƌŵĂƟŽŶ͗ ǁǁǁ͘ĐŽŐĞŝŵ͘ŝƚ

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

COGEIM EUROPE SRL

VALVES, PIPES, TANKS

INDUSTRIAL TECHNOLOGY

OIL AND GAS, PETROCHEMICAL, AUTOMATION

VALVES, PIPES, TANKS

BFT BURZONI

BFT Burzoni, constant innovation!

&Žƌ ŵŽƌĞ ƚŚĂŶ ϰϬ ǇĞĂƌƐ͕ &d ƵƌǌŽŶŝ ŚĂƐ ďĞĞŶ ŽƉĞƌĂƟŶŐ ƐƵĐĐĞƐƐĨƵůůǇ ŝŶ ƚŚĞ ŵĂĐŚŝŶŝŶŐ ŵĞĐŚĂŶŝĐĂů ŽƉĞƌĂƟŽŶƐ ĂŶĚ ƚŽŽůƐ ŵĂƌŬĞƚ͘ dŚĞ ƉŚŝůŽƐŽƉŚǇ ŽĨ ƚŚĞ ĐŽŵƉĂŶǇ ĨƌŽŵ WŝĂĐĞŶǌĂ ŝƐ ƚŽ ĐŽŶƟŶƵĞ ŝŶǀĞƐƟŶŐ ŚĞĂǀŝůǇ ŝŶ ŝƚƐ ƉƌŽĚƵĐƚ ƌĂŶŐĞ͘ ͞ &d ƵƌǌŽŶŝ Ͳ ƚĞůůƐ ƌŝĂŶŶĂ ƵƌǌŽŶŝ͕ ĚĂƵŐŚƚĞƌ ŽĨ ĨŽƵŶĚĞƌ ůďĞƌƚŽ ƵƌǌŽŶŝ ĂŶĚ ŽŶ ŚŝƐ ƐŝĚĞ ŝŶ ŵĂŶĂŐŝŶŐ ƚŚĞ ĐŽŵƉĂŶǇ Ͳ ǁĂƐ ďŽƌŶ ŝŶ ϭϵϳϰ ĂƐ Ă ƐŵĂůů ďƵƐŝŶĞƐƐ ƌĞĂůŝƚǇ ĂŶĚ ƐŝŶĐĞ ŝƚƐ ŝŶĐĞƉƟŽŶ ƚŚĞ ŝŶƚĞŶƚ ŚĂƐ ĂůǁĂǇƐ ďĞĞŶ ƚŽ ƉƌŽǀŝĚĞ ƚŚĞ ďĞƐƚ ƐĞƌǀŝĐĞ ƉŽƐƐŝďůĞ ƚŽ ĐůŝĞŶƚƐ͘ dŚĂƚ͛Ɛ ǁŚǇ ǁĞ ŚĂǀĞ ƚƌŝĞĚ ƚŽ ĐƌĞĂƚĞ Ă ĐŽŵƉůĞƚĞ͕ ƌĞůŝĂďůĞ ĂŶĚ ĨŽƌĞĨƌŽŶƚ ƵƚĞŶƐŝů ƉƌŽŐƌĂŵ͘ ͞ &d ƵƌǌŽŶŝ ŝƐ Ă ĐŽŶƐƚĂŶƚůǇ ĞǀŽůǀŝŶŐ ĐŽŵƉĂŶǇ ĂŶĚ ŝŶƚƌŽĚƵĐĞƐ ĞǀĞƌǇ ĚĂǇ ŶĞǁ ƉƌŽĚƵĐƚƐ ƚŽ ŽīĞƌ ƚŽ ŝƚƐ ĐƵƐƚŽŵĞƌƐ͘ dŚĞ ĐŽŵƉĂŶǇ ŚĂƐ ĂĐŚŝĞǀĞĚ ƌĞŵĂƌŬĂďůĞ ƌĞƐƵůƚƐ ĨƌŽŵ ƚŚĞ ƚǁŽ ŝŶŶŽǀĂƟǀĞ ŐƌĂĚĞƐ ŽĨ ŚĂƌĚ ŵĞƚĂů ϰϬ ĂŶĚ dϯϱ͕ ǁŚŝĐŚ ĂƌĞ ĚƌŽǁŶ ĨŽƌ ƚŚĞ ƉƌŽĐĞƐƐŝŶŐ ŽĨ ĚĞŵĂŶĚŝŶŐ ŵĂƚĞƌŝĂůƐ ƐƵĐŚ ĂƐ ƐƚĂŝŶůĞƐƐ ƐƚĞĞůƐ͕ ƟƚĂŶŝƵŵ͕ ƟƚĂŶŝƵŵ ĂůůŽǇƐ͕ ƵƉůĞǆ ĂŶĚ ^ƵƉĞƌĚƵƉůĞǆ ;,ƌƐĂͿ͘ dŚĞǇ ŐƵĂƌĂŶƚĞĞ Ă ŚŝŐŚ ĚĞŐƌĞĞ ŽĨ ƚŽƵŐŚŶĞƐƐ ƵŶĚĞƌ ĐŽŶĚŝƟŽŶƐ ŽĨ ĞǆƚƌĞŵĞ ƚĞŵƉĞƌĂƚƵƌĞƐ͕ ĂůůŽǁŝŶŐ ŚŝŐŚ ĐƵƫŶŐ ƐƉĞĞĚƐ ĂŶĚ ůŽŶŐĞƌ ůŝǀĞƐ͕ ĂƐ ǁĞůů ĂƐ ĂďƐŽůƵƚĞ ƌĞůŝĂďŝůŝƚǇ ĚƵƌŝŶŐ ŵŝůůŝŶŐ ĂŶĚ ƚƵƌŶŝŶŐ ŽƉĞƌĂƟŽŶƐ͘ ͞ ŽŵƉĞƚĞŶĐĞ ŝƐ ŝŶĚŝƐƉĞŶƐĂďůĞ Ͳ ƐĂǇƐ ůďĞƌƚŽ ƵƌǌŽŶŝ͕ &d ŽǁŶĞƌ Ͳ ďƵƚ ƚǁŽ ŽƚŚĞƌ ŝŵƉŽƌƚĂŶƚ ĂƐƉĞĐƚƐ ĂƌĞ ƚŚĞ ĂƩĞŶƟŽŶ ƚŽ ƋƵĂůŝƚǇͲ ƉƌŝĐĞ ƌĂƟŽ ĂŶĚ Ă ƌĞĂĚǇ ĚĞůŝǀĞƌǇ ƐĞƌǀŝĐĞ ŝŶ ůĞƐƐ ƚŚĂŶ Ϯϰ ŚŽƵƌƐ͕ ǁŚŝĐŚ ǁĞ ĐĂŶ ŐƵĂƌĂŶƚĞĞ ƚŽ ŽƵƌ ĐƵƐƚŽŵĞƌƐ ƚŚĂŶŬƐ ƚŽ ĂŶ ĞŶǀŝĂďůĞ ǁĂƌĞŚŽƵƐĞ͕ ŽƵƌ ŇĂŐƐŚŝƉ ŇŽǁĞƌ͘ KƵƌ ƐĂůĞƐ ƉŚŝůŽƐŽƉŚǇ ŵƵƐƚ ĂůǁĂǇƐ ďĞ ĐƵƐƚŽŵĞƌͲŽƌŝĞŶƚĞĚ͗ ƚŽ ĞŶƐƵƌĞ Ă ĨƵůů ƐĞƌǀŝĐĞ ďǇ ƉůĂĐŝŶŐ ĮƌƐƚ ƚŚĞ ŚŝŐŚĞƐƚ ĐƵƐƚŽŵĞƌ ƐĂƟƐĨĂĐƟŽŶ͕ ǁŚŝĐŚ ŵƵƐƚ ďĞĞŶ ƐƵƉƉŽƌƚĞĚ ĨƌŽŵ ƉůĂŶŶŝŶŐ ƚŽ ŝŵƉůĞŵĞŶƚĂƟŽŶ ŽĨ ƚŚĞŝƌ ƉƌŽũĞĐƚƐ͕ ǁŝƚŚŽƵƚ ŶĞŐůĞĐƟŶŐ ĂŶǇ ĚĞƚĂŝůƐ͘ ͞dŚĞ ŐŽĂů ŽĨ &d ŝƐ ƚŚĞƌĞĨŽƌĞ ƚŽ ĐŽŶƟŶƵĞ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚ ĐŽƵƌƐĞ ƵŶĚĞƌƚĂŬĞŶ ŝŶ ƚŚĞƐĞ ǇĞĂƌƐ͕ ďŽƚŚ

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

ĐŽŵŵĞƌĐŝĂů ĂŶĚ ƚĞĐŚŶŽůŽŐŝĐĂů͕ ŝŶ ŽƌĚĞƌ ƚŽ ĐŽŶƐƚĂŶƚůǇ ƉůĂǇ Ă ůĞĂĚŝŶŐ ƌŽůĞ ŝŶ ƚŚĞ ƚŽŽů ŵĂƌŬĞƚ͘ &d ĂŝŵƐ ŝƐ ƚŽ ĞǆƉĂŶĚ ŝƚƐ ƌĂŶŐĞ ŽĨ ƉƌŽĚƵĐƚ ůŝŶĞƐ ƐŽ ƚŚĂƚ ƚŚĞǇ ĐĂŶ ĐŽǀĞƌ ĂŶ ŝŶĐƌĞĂƐŝŶŐ ŶƵŵďĞƌ ŽĨ ƚǇƉĞƐ ŽĨ ŵĞĐŚĂŶŝĐĂů ŵĂĐŚŝŶŝŶŐ͘ &Žƌ ƚŚĞ ǇĞĂƌ ϮϬϭϴ ƚŚĞ &d ƵƌǌŽŶŝ ŝƐ ŝŶƚƌŽĚƵĐŝŶŐ Ă ůŽƚ ŽĨ ŶĞǁ ƉƌŽĚƵĐƚƐ ĂŶĚ ƉƌŽũĞĐƚƐ͘ dǁŽ ŐŽŽĚ ĞǆĂŵƉůĞ ĂƌĞ ƚŚĞ ŶĞǁ ůŝŶĞ ŽĨ ƚƵƌŶŝŶŐ ŝŶƐĞƌƚƐ 'ŽůĚ WĂŶƚŚĞƌ ĂŶĚ ƚŚĞ ŝŶŶŽǀĂƟǀĞ ĚĞǀĞůŽƉŵĞŶƚ ŽĨ Ă ŚŝŐŚ ĨĞĞĚ ŝŶĚĞǆĂďůĞ ŵŝůůŝŶŐ ĐƵƩĞƌ͕ ƚŚĞ d:ϰϬϭ͘ dŚĞ ŶĞǁ ůŝŶĞ ŽĨ ŚĂƌĚ ŵĞƚĂů ƚƵƌŶŝŶŐ ŝŶƐĞƌƚƐ ĐĂůůĞĚ 'ŽůĚ WĂŶƚŚĞƌ ;'W͕ ĨĞĂƚƵƌĞĚ ŝŶ Ă ŐŽůĚͲƉůĂƚĞĚ ĐŽĂƟŶŐ ǁŝůů ĂůƐŽ ŬĞĞƉ ƚƌĂĐŬ ŽĨ ƚŚĞ ǁĞĂƌ ŽĨ ƚŚĞ ŝŶƐĞƌƚ ŝƚƐĞůĨͿ ŝŶĐůƵĚĞĚ ŶĞǁ ŐĞŽŵĞƚƌŝĞƐ ĂŶĚ ŶĞǁ ŝŶŶŽǀĂƟǀĞ ĐŽĂƟŶŐƐ ĐŽŵƉůĞŵĞŶƚ ƚŚĞ ĂůƌĞĂĚǇ ƉƌŽǀĞŶ ůĂĐŬ WĂŶƚŚĞƌ ůŝŶĞ͘ /Ŷ ƚŚŝƐ ǁĂǇ͕ ƚŚĞ &d ĨƵƌƚŚĞƌ ĞǆƉĂŶĚƐ ŝƚƐ ƌĂŶŐĞ ŽĨ ƉŽƐƐŝďŝůŝƟĞƐ ŝŶ Ăůů ĂƉƉůŝĐĂƟŽŶ ŽĨ ƚƵƌŶŝŶŐ ŵĂĐŚŝŶŝŶŐ͘ dŚĞ ŶĞǁ d:ϰϬϭ ŝƐ Ă ŵŝůůŝŶŐ ĐƵƩĞƌ ǁŝƚŚ Ă ƐƉĞĐŝĮĐ ŝŶƐĞƌƚ ;^ DdϭϮ ĂŶĚ ^ DdϭϲͿ ƐƉĞĐŝĮĐĂůůǇ ĚĞǀĞůŽƉĞĚ ĨŽƌ ŚŝŐŚ ĨĞĞĚ ŽƉĞƌĂƟŽŶ ŽĨ ŚĂƌĚ ŵĂƚĞƌŝĂůƐ ǁŝƚŚ ůĂƌŐĞ ĐŚŝƉ ǀŽůƵŵĞ ƌĞŵŽǀĂů͘ dŚĞ ŵĞƚĂů ƋƵĂůŝƚǇ ĂŶĚ ƚŚĞ ŝŶŶŽǀĂƟǀĞ ĐŽĂƟŶŐ ŽĨ ƚŚĞ ŝŶƐĞƌƚƐ ĞŶƐƵƌĞ ĂŶ ĞĸĐŝĞŶƚ ĂŶĚ ůŽŶŐ ƚŽŽů ůŝĨĞ͘ dŚĞ ƐƚƌĂƚĞŐŝĐ ĚŝƌĞĐƟŽŶ ŽĨ ͞ &d WĂŶƚŚĞƌ͟ ŝƐ ŶŽƚ ŽŶůǇ ƚŽ ĐŽŶƐŽůŝĚĂƚĞ ŝƚƐ ƉŽƐŝƟŽŶ ǁŝƚŚŝŶ ƚŚĞ /ƚĂůŝĂŶ ŵĂƌŬĞƚ͕ ďƵƚ ĂůƐŽ ŝŶƚĞŶĚƐ ƚŽ ŝŶĐƌĞĂƐĞ ŝƚƐ ĐŽŵŵĞƌĐŝĂů ŇŽǁ ƚŽ ĨŽƌĞŝŐŶ ŵĂƌŬĞƚƐ͘ ͞ ǀĞŶ ƐŽ͕ ϵϬй ŽĨ ŽƵƌ ƚƵƌŶŽǀĞƌ ŝƐ ĂĐŚŝĞǀĞĚ ŝŶ ƚŚĞ /ƚĂůŝĂŶ ŵĂƌŬĞƚ Ͳ ƐĂǇƐ ƌŝĂŶŶĂ ƵƌǌŽŶŝ Ͳ ǁĞ ĂƌĞ ĂůƌĞĂĚǇ ƉƌĞƐĞŶƚ ŝŶ ƐŽŵĞ ĨŽƌĞŝŐŶ ŵĂƌŬĞƚƐ ƐƵĐŚ ĂƐ ƌĂǌŝů͕ 'ĞƌŵĂŶǇ͕ ^ƉĂŝŶ͕ ,ƵŶŐĂƌǇ͕ WŽůĂŶĚ͕ ZŽŵĂŶŝĂ ƌŽĂƟĂ ĂŶĚ ^ůŽǀĞŶŝĂ͘ ĞƌƚĂŝŶůǇ͕ &d ĐĂŶ ďŽĂƐƚ ƉŽŝŶƚƐ ůŝŬĞ ƚŚĞ ƋƵĂůŝƚǇ ĂŶĚ ƉƌŽĨĞƐƐŝŽŶĂůŝƐŵ ŽĨ ƚŚĞ ƐĞƌǀŝĐĞ ŝƚ ŽīĞƌƐ ƚŽ ŝƚƐ ĐƵƐƚŽŵĞƌƐ͘ /ƚ ǁŝůů ďĞ ƚŚĞ ƚĂƐŬ ŽĨ &d͛Ɛ ĐŽŵŵĞƌĐŝĂů ŶĞƚǁŽƌŬ ƚŽ ĨĂĐĞ ƚŚĞ ŐƌĞĂƚ ĐŚĂůůĞŶŐĞ ŽĨ ĞǆƉĂŶĚŝŶŐ ƚŚĞ ĨŽƌĞŝŐŶ ŵĂƌŬĞƚ ƐŚĂƌĞ ǁŝƚŚ ƚŚĞ ƵƚŵŽƐƚ ĞŶƚŚƵƐŝĂƐŵ͘ ͞

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45.000 items. www.bftburzoni.com

AUTO MA TION

VDA Group is a leading international company providing technical solutions

ĂƌŝƵƐŚ 'ƌĂŶĚ ,ŽƚĞů͕ ŝƐ Ă ĮǀĞͲƐƚĂƌ ŚŽƚĞů ǁĞůů ůŽĐĂƚĞĚ ŝŶ ƚŚĞ ŚĞĂƌƚ ŽĨ <ŝƐŚ͕ ĐůŽƐĞ ƚŽ ƚŚĞ ĨĂŵŽƵƐ ƚŽƵƌŝƐƚƐ ĂƩƌĂĐƟŽŶƐ ĂŶĚ ƚŚĞ /ŶƚĞƌŶĂƟŽŶĂů ŝƌƉŽƌƚ͘ dŚŝƐ ďĞĂƵƟĨƵů ŚŽƚĞů ŝŶƐƉŝƌĞĚ ďǇ WĞƌƐĞƉŽůŝƐ͕ ŝƐ Ă ƐǇŵďŽů ŽĨ ƚŚĞ ŵĂŐŶŝĮĐĞŶĐĞ ŽĨ ĂŶĐŝĞŶƚ WĞƌƐŝĂŶ ĐŝǀŝůŝǌĂƟŽŶ͕ ĂŶĚ ƐƚĂŶĚƐ ŽŶ Ă ϮϬ͕ϬϬϬ ƐƋƵĂƌĞͲŵĞƚĞƌ ƉůŽƚ ŽĨ ůĂŶĚ ĨĂĐŝŶŐ ƚŚĞ ƐĞĂ͘ /ƚƐ ĞŶŽƌŵŽƵƐ ĞŶƚƌĂŶĐĞ ĞĐŚŽĞƐ Ă ĐůĂƐƐŝĐ ƉĂůĂĐĞ ĂŶĚ ŝƚƐ ϮϬϬ ǁĞůů ĞƋƵŝƉƉĞĚ ƌŽŽŵƐ ĂŶĚ ƐƵŝƚĞƐ ĂƌĞ ǁŝƚŚ ďĞĂƵƟĨƵů ǀŝĞǁ ŽĨ ƚŚĞ ƐĞĂ Žƌ ƚŚĞ ƐƵƌƌŽŶĚŝŶŐ ŐĂƌĚĞŶƐ͘ ^ŝŶĐĞ ϮϬϭϲ DŝĐƌŽŵĂƐƚĞƌ ďǇ s 'ƌŽƵƉ ƉƌŽǀŝĚĞƐ Ă ŵƵůƟƉƵƌƉŽƐĞ ƚŽŽů ĨŽƌ ƚŚĞ ŵĂŶĂŐĞŵĞŶƚ ŽĨ ƚŚĞ ĂƌŝƵƐŚ 'ƌĂŶĚ ,ŽƚĞů͛Ɛ ƉĞƌƐŽŶŶĞů͕ ƐĞĐƵƌŝƚǇ ĂŶĚ ŐƵĞƐƚ ƐĞƌǀŝĐĞƐ͘ s ͛Ɛ ƉƌŝŽƌŝƚǇ ŚĂƐ ďĞĞŶ ƚŽ ŝŶƚƌŽĚƵĐĞ ƐŝŵƉůĞ ƚŽ Ͳ ƵƐĞ ƚĞĐŚŶŽůŽŐǇ ƚŚĂƚ ǁŝůů ĞŶŚĂŶĐĞ ƚŚĞ ŐƵĞƐƚ ĞǆƉĞƌŝĞŶĐĞ͘ dŚĞ ŐƵĞƐƚ ĐŽŶƚƌŽůƐ ƚŚĞ ƌŽŽŵ ƵƐŝŶŐ s ͛Ɛ Vitrum ŐůĂƐƐǁĂƌĞ ĐŽůůĞĐƟŽŶ͘ dŚĞƐĞ ƚŽƵĐŚ ƐĞŶƐŝƟǀĞ ŬĞǇƉĂĚƐ ŚĂǀĞ ĞƚĐŚĞĚ ŝĐŽŶƐ ĨŽƌ ĞĂĐŚ ƌŽŽŵ ĨƵŶĐƟŽŶ͘ DŝĐƌŽŵĂƐƚĞƌ ĂŶĚ sŝƚƌƵŵ ŝŶƚĞƌĨĂĐĞƐ ĐŽŶƚƌŝďƵƚĞ ƚŽ ƚŚĞ ĚĞƐŝŐŶ ĂŶĚ ůƵǆƵƌǇ ƚŚƌŽƵŐŚŽƵƚ ƚŚĞ ŚŽƚĞů͕ ĂŶĚ ůŽǁĞƌƐ ƚŚĞ ƉƌŽƉĞƌƚǇ͛Ɛ ƉŽǁĞƌ ĐŽŶƐƵŵƉƟŽŶ ĂŶĚ ĐĂƌďŽŶ ĨŽŽƚƉƌŝŶƚ͘ VDA Group ŝƐ Ă ůĞĂĚŝŶŐ ŝŶƚĞƌŶĂƟŽŶĂů ĐŽŵƉĂŶǇ ƉƌŽǀŝĚŝŶŐ ƚĞĐŚŶŝĐĂů ƐŽůƵƟŽŶƐ ŝŶ /ŶƚĞƌĂĐƟǀĞ dĞůĞǀŝƐŝŽŶ͕ ƵŝůĚŝŶŐ ƵƚŽŵĂƟŽŶ͕ ĂŶĚ ZŽŽŵ DĂŶĂŐĞŵĞŶƚ ĨŽƌ ,ŽƐƉŝƚĂůŝƚǇ ĂŶĚ ZĞƐŝĚĞŶƟĂů ŵĂƌŬĞƚƐ͘ ůƐŽ ƉƌŽǀŝĚŝŶŐ /Wds͕ 'ƵĞƐƚ tŝĮ͕ ĂŶĚ ^ŵĂƌƚ dŽƵĐŚ ^ǁŝƚĐŚĞƐ͘ dŚĞ ĐŽŵƉĂŶǇ ĚĞƐŝŐŶƐ ĂŶĚ ŵĂŶƵĨĂĐƚƵƌĞƐ Ăůů ŽĨ ŝƚƐ ŽǁŶ ŬĞǇ ĐŽŵƉŽŶĞŶƚƐ ĂŶĚ ƐŽŌǁĂƌĞ͕ ƉƌŽǀŝĚŝŶŐ ŝŶƚĞƌŶĂƟŽŶĂů ĐĞƌƟĮĐĂƟŽŶƐ͕ ĂƐ ǁĞůů ĂƐ ĐŽƵŶƚƌǇ ƐƉĞĐŝĮĐ ŽŶĞƐ͘ s ĂůƐŽ

AUTOMATION

VDA GROUP

ƉƌŽĚƵĐĞƐ ĐŽŵƉůĞǆ ĐƵƐƚŽŵŝƐĞĚ ƐŽůƵƟŽŶƐ ƚŚĂƚ ĂƌĞ ĂďůĞ ƚŽ ƐĂƟƐĨǇ ĂůŵŽƐƚ ĂŶǇ ƌĞƋƵĞƐƚ Žƌ ŶĞĞĚ͘ VDA Group ŚĂƐ ŝŶƐƚĂůůĞĚ ĂŶĚ ŵĂŝŶƚĂŝŶƐ ŵŽƌĞ ƚŚĂŶ Ϯ͕ϱϬϬ ƐǇƐƚĞŵƐ ĂĐƌŽƐƐ ϮϬϬ͕ϬϬϬ ƌŽŽŵƐ͕ ĂĐƌŽƐƐ ĨŽƵƌ ĚŝīĞƌĞŶƚ ŽŶƟŶĞŶƚƐ͕ ŝŶ ŵĂŶǇ ƉƌĞƐƟŐŝŽƵƐ ůŽĐĂƟŽŶƐ͕ ǁŽƌŬŝŶŐ ǁŝƚŚ ǁŽƌůĚǁŝĚĞ ŚŽƚĞů ĐŚĂŝŶƐ ƐƵĐŚ ĂƐ ,ŝůƚŽŶ͕ <ĞŵƉŝŶƐŬǇ͕ ,ǇĂƩ͕ZŽĐĐŽ &ŽƌƚĞ͕ ĂŶĚ WĂƌŬ WůĂǌĂ͘ VDA Group ƉƌŽĚƵĐĞƐ ŚŝŐŚ ƚĞĐŚŶŽůŽŐǇ ŵĂŶĂŐĞŵĞŶƚ ƐǇƐƚĞŵƐ ƚŽ ĐŽŶƚƌŽů Ăůů ĂƐƉĞĐƚƐ ŽĨ Ă ďƵŝůĚŝŶŐ͕ ŵĂŬŝŶŐ ĞǀĞƌǇ ŝƚĞŵ ĞĂƐǇ ƚŽ ƵƐĞ͕ ĂŶĚ ĞĂƐǇ ƚŽ ŵĂŝŶƚĂŝŶ͕ ƚŚĂŶŬƐ ƚŽ Ă ĐĞŶƚƌĂůŝƐĞĚ ƐƵƉĞƌǀŝƐŝŽŶ ďƌĂŝŶ ƚŚĂƚ ĂůůŽǁƐ ŽŶĞ ƚŽ ŵŽŶŝƚŽƌ ƚŚĞ ĞŶƟƌĞ ƐǇƐƚĞŵ ŽŶůŝŶĞ͘ VDA Group ͻ ĐƟǀĞ ŝŶ ŵŽƌĞ ƚŚĂŶ Ϯϱ ĐŽƵŶƚƌŝĞƐ ŝŶ ƵƌŽƉĞ͕ ƚŚĞ DŝĚĚůĞ ĂƐƚ ĂŶĚ ĨƌŝĐĂ͕ ƐŝĂ WĂĐŝĮĐ ĂŶĚ ƚŚĞ ŵĞƌŝĐĂƐ ͻDŽƌĞ ƚŚĂŶ Ϯ͕ϱϬϬ ĨĂĐŝůŝƟĞƐ ĞƋƵŝƉƉĞĚ ͻKǀĞƌ ϮϱϬ͕ϬϬϬ ĂĐƟǀĞ ƌŽŽŵƐ ͻDŽƌĞ ƚŚĂŶ ϯϬ ǇĞĂƌƐ ŽĨ ƉƌĞƐĞŶĐĞ ŝŶ ƚŚĞ /ƚĂůŝĂŶ ŚŽƚĞů ŵĂƌŬĞƚ͕ ĂŶĚ ϮϬ ǇĞĂƌƐ ŝŶ ƚŚĞ ŝŶƚĞƌŶĂƟŽŶĂů ŚŽƚĞů ŵĂƌŬĞƚ͘ ͻ/ŶƚĞƌŶĂů ŚĂƌĚǁĂƌĞ ĂŶĚ ƐŽŌǁĂƌĞ ĚĞƐŝŐŶ ͻdĂŝůŽƌͲŵĂĚĞ ƐŽůƵƟŽŶƐ ͻ ƵƐƚŽŵŝǌĂďůĞ ŽǁŶĞƌ ĚĞƐŝŐŶ ͻ^ŽůŝĚ ƚĞĐŚŶŽůŽŐŝĐĂů ƉůĂƞŽƌŵ ͻhƐĞƌ ĨƌŝĞŶĚůǇ /ŶƚĞƌĨĂĐĞ &Žƌ ŵŽƌĞ ŝŶĨŽƌŵĂƟŽŶ͗ ŝŶĨŽΛǀĚĂŐƌŽƵƉ͘ĐŽŵ ǁǁǁ͘ǀĚĂŐƌŽƵƉ͘ĐŽŵ

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

AUTOMATION

DAMEC

WHA 2004 Automatic Horizontal Honing Machine: the result of knowledge and innovation D Z d ^ s >h D ^͘ƌ͘ů͕͘ ďĂƐĞĚ ŝŶ DŝůĂŶ ;/ƚĂůǇͿ͕ ďĞůŽŶŐƐ ƚŽ ƚŚĞ ĮĞůĚ ŽĨ precision engineering ĂŶĚ ŵĞĐŚĂŶŝĐƐ ƐŝŶĐĞ ϭϵϴϭ͘ KƵƌ ĐŽŵƉĂŶǇ ƐĞůůƐ ŚŽŶŝŶŐ ƚŽŽůƐ ĂŶĚ ŚŽŶŝŶŐ ŵĂĐŚŝŶĞƐ ĨŽƌ ĚĞĞƉ ŚŽŶŝŶŐ ƉƌŽĐĞƐƐŝŶŐ͘ tĞ ŝŵƉƌŽǀĞ ƚŚĞ <ŶŽǁͲ,Žǁ ƚŽ ďĞĐŽŵĞ ĂůǁĂǇƐ ŵŽƌĞ ĐŽŵƉĞƟƟǀĞ ĂŶĚ ƚŽ ƐĂƟƐĨǇ ŽƵƌ ĐŽƐƚƵŵĞƌ͛Ɛ ĚĞŵĂŶĚƐ͘ t,z ,KE/E'͍ ,ŽŶŝŶŐ ŝƐ Ă ƐƵĐĐĞƐƐĨƵů ĂŶĚ ƉƌĞĐŝƐĞ ŽƉĞƌĂƟŽŶ͕ ǁŝƚŚ ǁŚŝĐŚ ǇŽƵ ĐĂŶ ŽďƚĂŝŶ Ă ǀĞƌǇ ůŽǁ ĂŶĚ ŽƉƟŵĂů ƌŽƵŐŚŶĞƐƐ͘ /ƚ ŐƵĂƌĂŶƚĞĞƐ ĚŝĂŵĞƚƌŝĐĂů ĂŶĚ ŐĞŽŵĞƚƌŝĐĂů ƉƌĞĐŝƐŝŽŶ͘ /ƚ ŝƐ ĂŶ economic ƉƌŽĐĞƐƐ ĐŽŵƉĂƌĞĚ ƚŽ ƌĞĐƟĮĐĂƟŽŶ ;ŝƚ ĐŽƐƚƐ ϭͬϱ ůĞƐƐͿ ĂŶĚ ǇŽƵ ĐĂŶ ŽďƚĂŝŶ Ă ĮŶĂů ĮŶĞƐƚ ĂŶĚ ĂĐĐƵƌĂƚĞ ƉƌŽĚƵĐƚ͘ KhZ WZK h d^ ,ŽŶŝŶŐ DĂĐŚŝŶĞƐ͗ t, ; ĞĞƉ ,ŽůĞ ,ŽŶŝŶŐ DĂĐŚŝŶĞͿ͖ t, ;^ĞŵŝͲĂƵƚŽŵĂƟĐ ,ŽƌŝǌŽŶƚĂů ,ŽŶŝŶŐ DĂĐŚŝŶĞͿ͖ > , ;sĞƌƟĐĂů ,ŽŶŝŶŐ ŵĂĐŚŝŶĞͲ ^ŝŶŐůĞ WĂƐƐͿ͖ >, ;sĞƌƟĐĂů ,ŽŶŝŶŐ DĂĐŚŝŶĞͿ͖ D, ;DĂŶƵĂů ŚŽŶŝŶŐ DĂĐŚŝŶĞͿ͖ t, ϮϬϬϰ ; ƵƚŽŵĂƟĐ ,ŽŶŝŶŐ DĂĐŚŝŶĞͿ͘ ďƌĂƐŝǀĞ tŚĞĞůƐ͖ /ŶƚĞƌŶĂů ĂŶĚ ĞǆƚĞƌŶĂů ďƌƵƐŚĞƐ͖ DƵůƟ ^ƚŽŶĞ dŽŽůƐ͖ ,ŽŶŝŶŐ ^ƚŽŶĞƐ͖ <Ͳ > DĂŶĚƌĞůƐ͖ ^ŝŶŐůĞ WĂƐƐ dŽŽů͖ ĚĂƉƚĞƌƐ͖ &ŝůƚƌĂƟŽŶ ƐǇƐƚĞŵ͖ ,ŽŶŝŶŐ Kŝů͖ WŽƌƚĂďůĞ ,ŽŶŝŶŐ dŽŽů͖ ,ͲϬϯϵ ;>ĂƉƉŝŶŐ ĞǀŝĐĞͿ͖ DƐƚͲϬϰϳ ;DĂĐŚŝŶĞ >ĂƉ dǇƉĞͿ͖ D^dͲϬϰϳ ;DƵůƟ ^ƚŽŶĞ dŽŽů ĨŽƌ ůŝŶĚ ,ŽůĞͿ͖ D^dͲ DZϰϬ ;DƵůƟ ^ƚŽŶĞ dŽŽůͿ͘ &ZKD d, / dK d, Z >/^ d/KE t, ϮϬϬϰ ŝƐ ƚŚĞ ƌĞƐƵůƚ ŽĨ ŬŶŽǁůĞĚŐĞ ĂŶĚ ŝŶŶŽǀĂƟŽŶ͘ н ϵϱй ŽĨ ĞĸĐĂĐǇ ƚŚĂŶŬƐ ƚŽ ĂƵƚŽŵĂƟǌĂƟŽŶ͖ ƐĂǀŝŶŐ ƵƉ ƚŽ ϱϬй ŽĨ ƚŽŽůƐ͖ ŶŽ ĂĐƟŽŶ ŽĨ ƚŚĞ ŽƉĞƌĂƚŽƌ Žƌ ϮϬй ůĞƐƐ ƚŚĂŶ Ă ƐĞŵŝͲĂƵƚŽŵĂƟĐ ŚŽŶŝŶŐ ŵĂĐŚŝŶĞ͖ ĐŽŶƚĂŝŶĞĚ ĐŽŶƐƵŵƉƟŽŶ ŽĨ ĞůĞĐƚƌŝĐŝƚǇ ĂŶĚ Ăŝƌ͖ ĞůĞĐƚƌŽŶŝĐĂů ĂŶĚ ƉŶĞƵŵĂƟĐ ŚŝŐŚͲƋƵĂůŝƚǇ ĞůĞŵĞŶƚƐ͖ ƉƌĞĐŝƐŝŽŶ ĂŶĚ ƌĞƉĞĂƚĂďŝůŝƚǇ ŽĨ ƚŚĞ ƐŝǌĞ͖ ĞĂƐǇ ŵĂŝŶƚĞŶĂŶĐĞ͖ ŵŽǀĞŵĞŶƚƐ ĐŽŶƚƌŽůůĞĚ ďǇ W> ͖ ŵŝƐƚĂŬĞƐ͛ ǀŝƐƵĂůŝƐĂƟŽŶ͖ ŐƌŝƉƉŝŶŐ ƐǇƐƚĞŵ ŽĨ ƚŚĞ ƉŝĞĐĞ ƉĞƌƐŽŶĂůŝƐĞĚ ĂĐĐŽƌĚŝŶŐ ƚŽ ĐƵƐƚŽŵĞƌ͛Ɛ ŶĞĞĚƐ͘ /E h^dZz ϱ͘Ϭ͗ d, y >> E K& d ,EK>K'z WW>/ dK d, /E h^dZz KƵƌ ĐŽŵƉĂŶǇ ǁŽƌŬƐ ĐŽŶƐƚĂŶƚůǇ ƚŽ ŝŶƚĞŐƌĂƚĞ ŶĞǁ ƚĞĐŚŶŽůŽŐŝĞƐ ĂŶĚ ƚŽ ŝŶĐƌĞĂƐĞ ƉƌŽĚƵĐƟǀŝƚǇ ĂŶĚ ƋƵĂůŝƚǇ͘ D ĐĂŶ ďĞ ĐŽŶƐŝĚĞƌĞĚ ĂƐ Ă ͞ƐŵĂƌƚ ĨĂĐƚŽƌǇ͟ ƚŚĂŶŬƐ ƚŽ ŝŶŶŽǀĂƟŽŶ ĂŶĚ ƚĞĐŚŶŽůŽŐǇ͘ dŚĞǇ ŐĞŶĞƌĂƚĞ ĐŽůůĂďŽƌĂƟŽŶ ĂŵŽŶŐ ŽƉĞƌĂƚŽƌƐ͕ ŵĂĐŚŝŶĞƐ ĂŶĚ ƚŽŽůƐ͕ ĂůǁĂǇƐ ŬĞĞƉŝŶŐ Ă ǁĂƚĐŚĨƵů ĞǇĞ ŽŶ ƚŚĞ ĞŶǀŝƌŽŶŵĞŶƚ͘ ^ DW>/E' tĞ ŽīĞƌ ƚŚĞ ƐĞƌǀŝĐĞ ŽĨ ƐĂŵƉůŝŶŐ ǇŽƵƌ ƉŝĞĐĞƐ͕ ƚŚƌŽƵŐŚ ǁŚŝĐŚ ǁĞ ǁŝůů ƐŚŽǁ ǇŽƵ ŽƵƌ ĂďŝůŝƟĞƐ ŝŶ ƚŚĞ ĮĞůĚ ŽĨ ƉƌĞĐŝƐŝŽŶ ŵĞĐŚĂŶŝĐƐ ĂŶĚ ĞŶŐŝŶĞĞƌŝŶŐ͘ ǁǁǁ͘ĚĂŵĞĐ͘ĞƵ ͮ ŝŶĨŽΛĚĂŵĞĐ͘ĞƵ

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

DAMEC

AUTOMATION

INDUSTRIAL TECHNOLOGY

OIL AND GAS, PETROCHEMICAL, AUTOMATION

AUTOMATION

CSICO

C.Si.Co., Computer Sight Company, operates in the information WHFKQRORJ\ ƬHOG

͘^ŝ͘ Ž͕͘ ŽŵƉƵƚĞƌ ^ŝŐŚƚ ŽŵƉĂŶǇ͕ ŽƉĞƌĂƚĞƐ ŝŶ ƚŚĞ ŝŶĨŽƌŵĂƟŽŶ ƚĞĐŚŶŽůŽŐǇ ĮĞůĚ ǁŝƚŚ ƐŝŐŶŝĮĐĂŶƚ ŝŶ ƚŚĞ ŝŶĚƵƐƚƌŝĂů ĂƌĞĂ͘ ͘^ŝ͘ Ž ďŽƌŶ ǁŝƚŚŝŶ ƚŚĞ 'ƌŽƵƉ &͘ ͘Z͘ ǁŚĞƌĞ ŚĞ ĚĞǀĞůŽƉĞĚ ƚŚĞ ĮƌƐƚ ƉƌŽũĞĐƚƐ͘ EŽǁ ƐƵƉƉŽƌƚƐ ƚŚĞ 'ƌŽƵƉ ďƵƚ ŝƚ͛Ɛ Ă ĐŽŵƉůĞƚĞůǇ ŝŶĚĞƉĞŶĚĞŶƚ ĐŽŵƉĂŶǇ͘ KƵƌ ŵŝƐƐŝŽŶ ŝƐ ƚŽ ƐƵƉƉůǇ Ă ŚŝŐŚůǇ ĂǀĂŶƚͲŐĂƌĚĞ ƚĞĐŚŶŽůŽŐǇ ƐĞƌǀŝĐĞ͕ ĞŵƉůŽǇŝŶŐ ƚŚĞ ďĞƐƚ ƐŬŝůůƐ ŽĨ ŽƵƌ ƐƚƌĂƚĞŐǇ͗ /EEKs d/KE tĞ ĨŽĐƵƐ ŽŶ ƚŚĞ ůĂƚĞƐƚ ĂƵƚŽŵĂƟŽŶ ƚĞĐŚŶŽůŽŐǇ ŝŶŶŽǀĂƟŽŶƐ ďǇ ƐƚƵĚǇŝŶŐ ƚŚĞ ŶĞǁĞƐƚ ƐŽůƵƟŽŶƐ ĂŶĚ ƉƌŽĚƵĐƚƐ͘ dŚŝƐ ĂůůŽǁƐ ƵƐ ƚŽ ĚĞǀĞůŽƉ ĂŶĚ ĚĞůŝǀĞƌ ƚŚĞ ďĞƐƚ ƐŽůƵƟŽŶƐ ĨŽƌ ŽƵƌ ƉĂƌƚŶĞƌƐ ŝŶ ƚĞƌŵƐ ŽĨ ƉƌŝĐĞ ĂŶĚ ƉĞƌĨŽƌŵĂŶĐĞ͘ &&/ / E z tĞ ŵĂŶĂŐĞĚ ƚŽ ĐŽŶƐŽůŝĚĂƚĞ ƐĞǀĞƌĂů ƉĂƌƚŶĞƌƐŚŝƉƐ ǁŝƚŚ ĐĂƌĞĨƵůůǇ ƐĞůĞĐƚĞĚ ĐŽŵƉĂŶŝĞƐ͕ ƐƉĞĐŝĂůŝǌĞĚ ŝŶ ĐŽůůĂƚĞƌĂů ƐĞƌǀŝĐĞƐ͕ ŝŶ ŽƌĚĞƌ ƚŽ ĚĞůŝǀĞƌ ĚŝīĞƌĞŶƚ ƉƌŽƉŽƐĂůƐ ƌĂŶŐŝŶŐ ĨƌŽŵ Ă ƐŝŵƉůĞ ƉƌŽŐƌĂŵ ƚŽ Ă ĨƵŶŶǇ ĞƋƵŝƉƉĞĚ ƉůĂŶƚͬŵĂĐŚŝŶĞ ;ĞůĞĐƚƌŝĐĂů͕ ŵĞĐŚĂŶŝĐĂů ĂŶĚ ƐŽŌǁĂƌĞ ƐŽůƵƟŽŶͿ ǁŝƚŚ ǁŽƌůĚǁŝĚĞ ĐŽŵŵŝƐƐŝŽŶŝŶŐ Ăƚ ĐŽŵƉĞƟƟǀĞ ĐŽƐƚƐ͘ h^dKD Z ^ d/^& d/KE tĞ ĂƌĞ ŶŽƚ ĞŶƟƌĞůǇ ĂƐƐŽĐŝĂƚĞĚ ƚŽ ĂŶǇ ƐƉĞĐŝĮĐ ƚĞĐŚŶŽůŽŐǇ͕ ŝŶ ŽƌĚĞƌ ƚŽ ĨŽĐƵƐ ŽŶ ĐƵƐƚŽŵŝǌĞĚ ƐŽůƵƟŽŶƐ ǁŚŝĐŚ ďĞƩĞƌ ĂƩƵŶĞ ŽƵƌ ĐƵƐƚŽŵĞƌƐ͛ ŶĞĞĚƐ ƌĂƚŚĞƌ ƚŚĂŶ ĨŽƌĐŝŶŐ ƚŚĞŵ ƚŽ ĐŚŽŽƐĞ ƐƉŽŶƐŽƌĞĚ ƚŽŽůƐ͘ dZ /E/' ͘^ŝ͘ Ž͛͘Ɛ ĞŶŐŝŶĞĞƌƐ ĂƌĞ ĐĂƌĞĨƵůůǇ ƚƌĂŝŶĞĚ ďŽƚŚ ĨƌŽŵ Ă ƚŚĞŽƌĞƟĐĂů ĂŶĚ ƉƌĂĐƟĐĂů ƉŽŝŶƚ ŽĨ ǀŝĞǁ͕ ƌĞƐƵůƚƐ ŽĨ Ă ƉĂƚŚ ĚĞǀĞůŽƉĞĚ ŽǀĞƌ ǇĞĂƌƐ ŽĨ ĞǆƉĞƌŝĞŶĐĞ͘

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

Z &h> ^d && ^ > d/KE ͘^ŝ͘ Ž͛͘Ɛ ƚĞĂŵ ŝŶ ĐŽŵƉŽƐĞĚ ŽĨ ĞŶŐŝŶĞĞƌƐ ǁŝƚŚ ƐŽůŝĚ ŬŶŽǁůĞĚŐĞ͕ ƉƌŽǀĞŶ ŵŽƟǀĂƟŽŶ ĂŶĚ ǌĞĂů ŝŶ ǁŽƌŬ͘ ͘^ŝ͘ Ž͘ ďŽĂƐƚƐ ŽĨ ƚŚĞ ƚĞĐŚŶŽůŽŐŝĐĂů ŬŶŽǁͲŚŽǁ ƚŽ ƐŽůǀĞ ĚŝĸĐƵůƚ ŝŶƚĞŐƌĂƟŽŶ ƌĞƋƵŝƌĞŵĞŶƚƐ ďĞƚǁĞĞŶ ǀĂƌŝŽƵƐ ůĞǀĞůƐ ŽĨ ƉƌŽĚƵĐƟŽŶ ;ĮĞůĚ ĚĂƚĂ ĐĂƉƚƵƌĞ͕ ƐƚĂŶĚĂůŽŶĞ ŵĂĐŚŝŶĞ ĐŽŶƚƌŽů͕ ƉƌŽĐĞƐƐ ĐĞůů ĐŽŶƚƌŽů͕ ƉůĂŶƚ ĐŽŶƚƌŽů͕ KW͕ ,D/͕ D ^͕ ƵƉ ƚŽ ƚŚĞ ŝŶƚĞŐƌĂƟŽŶ ǁŝƚŚ ZWͿ͘ ^ŽŵĞ ŝŶĚƵƐƚƌǇ ĮĞůĚƐ ǁĞ ŚĂǀĞ ǁŽƌŬĞĚ ŝŶ͗ &ŽŽĚͬǁŝŶĞ ŝŶĚƵƐƚƌǇ͕ dŽďĂĐĐŽ͕ ŚĞŵŝĐĂůƐ͕ dĞůĞĐŽŵŵƵŶŝĐĂƟŽŶƐ͕ DĂĐŚŝŶĞ dŽŽůƐ͕ ƵŝůĚŝŶŐ ƵƚŽŵĂƟŽŶ͘ ^ŽŵĞ ƌĞůĞǀĂŶƚ ƌĞĨĞƌĞŶĐĞƐ͗ WĂƌŵĂůĂƚ͕ DŽŶƚŽƌƐŝ͕ &͘ ͘Z͕͘ WŚŝůŝƉ DŽƌƌŝƐ͕ ͘ ͘d͘ ^ŽŵĞ ŽĨ ŽƵƌ ƐŬŝůůƐ͗ ŵďĞĚĚĞĚ ƐĞǀĞƌĂů ĚĞǀĞůŽƉŵĞŶƚƐ ŽĨ ĮƌŵǁĂƌĞ ĨŽƌ ŵŝĐƌŽĐŽŶƚƌŽůůĞƌƐ ŽĨ ĚŝīĞƌĞŶƚ ĐŽŵƉĂŶŝĞƐ ;DŽƚŽƌŽůĂ͕ /ŶƚĞůͿ W> ͬ ^ ǁĞ ĐƌĞĂƚĞĚ ŶƵŵĞƌŽƵƐ ĐŽŶƚƌŽů ƐǇƐƚĞŵ͕ ĨƌŽŵ Ă ƐŝŵƉůĞ ƐƚĂŶĚĂůŽŶĞ ŵĂĐŚŝŶĞ ƚŽ Ă ĐŽŵƉůĞǆ ƐǇƐƚĞŵ ŵĂĚĞ ŽĨ ƵƉ ƚŽ ϰϬ ƐƚĂƟŽŶƐ ŽŶ ŶĞƚǁŽƌŬ ĂŶĚ ϭϮ͕ϬϬϬ /ͬKƐ ǁŝƚŚ ĞƋƵŝƉŵĞŶƚƐ ŽĨ ĚŝīĞƌĞŶƚ ďƌĂŶĚƐ͘ PC ǁĞ ĚĞǀĞůŽƉĞĚ ƐĞǀĞƌĂů ƐƵƉĞƌǀŝƐŝŽƌǇ ĂƉƉůŝĐĂƟŽŶƐ͕ ďŽƚŚ ŽŶ ^ ;ŝ&ŝǆ͕ tŝŶ ͕ /ŶƚŽƵĐŚ͕ DŽǀŝĐŽŶͿ ĂŶĚ ŶĂƟǀĞ ; нн͕ s ϲ ĂŶĚ ŶŽǁ ũĂǀĂ ĂŶĚ η͘E dͿ͘ ͘^ŝ͘ Ž͘ ŝƐ ƚŚĞ ĚĞĂů ƉĂƌƚŶĞƌ ĨŽƌ ĐŽŵƉĂŶŝĞƐ ƚŚĂƚ ďĞůŝĞǀĞ ŝŶ ƚĞĐŚŶŽůŽŐǇ ŝŶŶŽǀĂƟŽŶƐ ĂƐ ĐŽƌĞ ĞůĞŵĞŶƚ ŽĨ Ă ƐƚƌĂƚĞŐǇ ĂďůĞ ƚŽ ŽǀĞƌĐŽŵĞ ƚŚĞ ĐŽŶƚĞŵƉŽƌĂƌǇ ĐŚĂůůĞŶŐĞƐ͘

IT ENGINEERING SOLUTIONS FOR INDUSTRY PRODUCTIVITY

Computer Sight Company Software Engineering for Industries & 6L &R RÆªHUV VSHFLDOL]HG VHUYLFHV RI FRPSXWHU DQG DXWRPDWHG HQJLQHHULQJ IRU WKH SURGXFWLRQ ZRUOG This way we do software:better

C.Si.Co. Computer Sight Company $]LHQGD FHUWLÃ&#x20AC;FDWD 2+6$6 Sede: Via Galileo Galilei, 1 - 31057, Silea (TV) - Italy Tel & Fax +39-0422-460903 Web: www.csico.it commerciale@csico.it

AUTOMATION

EFFEBI

(ƪHEL KLJK TXDOLW\ EDOO YDOYHV IURP ,WDO\

īĞďŝ ŝƐ ĂŶ /ƚĂůŝĂŶ ŵĂŶƵĨĂĐƚƵƌĞƌ ŽĨ ďĂůů ǀĂůǀĞƐ ŝŶ ƐƚĞĞů͕ ƐƚĂŝŶůĞƐƐ ƐƚĞĞů ĂŶĚ ďƌĂƐƐ͘ tŝƚŚ ϮϬ ǇĞĂƌƐ͛ ĞǆƉĞƌŝĞŶĐĞ͕ ƚŚĞ ĐŽŵƉĂŶǇ ŽīĞƌƐ Ă ǀĂƐƚ ƌĂŶŐĞ ŽĨ ŝŶŶŽǀĂƟǀĞ ǇĞƚ ƉƌŽǀĞŶ ďĂůů ǀĂůǀĞƐ͘ dŚĂŶŬƐ ƚŽ ĂŶ ŝŶƚĞŐƌĂƚĞĚ ƉƌŽĚƵĐƟŽŶ ƉƌŽĐĞƐƐ ǁŚŝĐŚ ďĞŐŝŶƐ ǁŝƚŚ ƚŚĞ ĐĂƌĞĨƵů ƐĞůĞĐƟŽŶ ŽĨ ƌĂǁ ŵĂƚĞƌŝĂůƐ͕ īĞďŝ ŚĂƐ ďĞĐŽŵĞ Ă ůĞĂĚĞƌ ŝŶ ƚŚĞ /ƚĂůŝĂŶ ĂŶĚ ŝŶƚĞƌŶĂƟŽŶĂů ŵĂƌŬĞƚƐ ĂŶĚ Ă ƌĞĨĞƌĞŶĐĞ ĨŽƌ ǀĂůǀĞ ƋƵĂůŝƚǇ͕ ƌĞůŝĂďŝůŝƚǇ͕ ĐŽŵƉĞƚĞŶĐĞ ĂŶĚ ĐƵƐƚŽŵĞƌ ĐĂƌĞ͘ ^ŝŶĐĞ :ƵŶĞ ϮϬϬϮ īĞďŝ ŚĂƐ ŵĂŶƵĨĂĐƚƵƌĞĚ Ăůů ŝƚƐ ǀĂůǀĞƐ ĂĐĐŽƌĚŝŶŐ ƚŽ ƚŚĞ ƌĞƋƵŝƌĞŵĞŶƚƐ ŽĨ ƚŚĞ ƵƌŽƉĞĂŶ ŝƌĞĐƟǀĞ ϵϳͬϮϯͬ ĂŶĚ͕ ǁŚĞƌĞ ŶĞĐĞƐƐĂƌǇ ƚŚĞ ǀĂůǀĞ ďŽĚŝĞƐ ĂƌĞ ŵĂƌŬĞĚ͘ īĞďŝ ŽīĞƌƐ ĐƵƐƚŽŵĞƌƐ Ăůů ƚŚĞ ŵŽƐƚ ŝŵƉŽƌƚĂŶƚ ĐĞƌƟĮĐĂƚĞƐ ĂŶĚ ĚĞĐůĂƌĂƟŽŶƐ ƌĞůĂƟŶŐ ƚŽ ďĂůů ǀĂůǀĞƐ͕ ŝŶĐůƵĚŝŶŐ s't ;ĨŽƌ ŐĂƐĞƐ ĂŶĚ ĚƌŝŶŬŝŶŐ ǁĂƚĞƌͿ͕ dhs͕ d Ͳ>h&d͕ &ŝƌĞ ^ĂĨĞ͕ ƚĞǆ͕ ĚĞĐůĂƌĂƟŽŶƐ ŽĨ ĐŽŶĨŽƌŵŝƚǇ͕ & ĂƉƉƌŽǀĂůƐ ĨŽƌ ƐĞĂƚƐ ĂŶĚ ŽƚŚĞƌ ĂƉƉƌŽǀĂůƐ ;Ĩ͘ŝ͘ Es Žƌ >ůŽǇĚ͛Ɛ ĂƉƉƌŽǀĞĚ ĨŽƵŶĚƌŝĞƐͿ͘ DŽƌĞ ƚŚĂŶ ϱϬ ĐĞƌƟĮĐĂƟŽŶƐ ĂŶĚ ĂƉƉƌŽǀĂůƐ ĚĞŵŽŶƐƚƌĂƚĞ ƚŚĞ ƋƵĂůŝƚǇ ĂŶĚ ƌĞůŝĂďŝůŝƚǇ ŽĨ ƚŚĞ īĞďŝ ƉƌŽĚƵĐƚƐ͘ KŶĞ ŽĨ ƚŚĞ ďŝŐŐĞƐƚ ƐƚƌĞŶŐƚŚƐ ŽĨ īĞďŝ ŝƐ ƚŚĞ ƉŽƐƐŝďŝůŝƚǇ ƚŽ ƉƌŽĚƵĐĞ ĂŶĚ ĐƵƐƚŽŵŝǌĞ ƚŚĞ ǀĂůǀĞƐ ĂĐĐŽƌĚŝŶŐ ƚŽ ƚŚĞ ĐƵƐƚŽŵĞƌ͛Ɛ ĚĞŵĂŶĚ͕ ĂůŽŶŐ ǁŝƚŚ ŚŝŐŚůǇ ƚƌĂŝŶĞĚ ƐƚĂī͕ ĂďůĞ ƚŽ ŐŝǀĞ ƚŽ ĐƵƐƚŽŵĞƌƐ ƚŚĞ ƌŝŐŚƚ ƚĞĐŚŶŝĐĂů ƐƵƉƉŽƌƚ ĂŶĚ ŽŶĞͲĚĂǇ ĂŶƐǁĞƌƐ͘ īĞďŝ ďĂůů ǀĂůǀĞƐ ĂƌĞ ƐƵŝƚĂďůĞ ĨŽƌ Ăůů ƚŚĞ ŵŽƐƚ ŝŵƉŽƌƚĂŶƚ ŝŶĚƵƐƚƌŝĂů ĂƉƉůŝĐĂƟŽŶƐ͘ dŚĞ īĞďŝ ƌĂŶŐĞ ŝŶĐůƵĚĞƐ ŵĂŶƵĂů ĂŶĚ ƉŶĞƵŵĂƟĐĂůůǇ Žƌ ĞůĞĐƚƌŝĐĂůůǇ ĂĐƚƵĂƚĞĚ ϮͲ ĂŶĚ ϯͲ ǁĂǇ ďĂůů ǀĂůǀĞƐ ǁŝƚŚ ƚŚƌĞĂĚĞĚ͕ ŇĂŶŐĞĚ ĂŶĚ ǁĞůĚĞĚ ĐŽŶŶĞĐƟŽŶƐ͘ DĂƚĞƌŝĂůƐ ŽĨ ĐŽŶƐƚƌƵĐƟŽŶ ĂƌĞ ĐĂƌďŽŶ ƐƚĞĞů ϭϬϱ Žƌ >&Ϯ͘ ^ƚĂŝŶůĞƐƐ ƐƚĞĞů ŝŶĐůƵĚĞƐ /^/ϯϭϲ͕ /^/ϯϭϲ> ĂŶĚ /^/ϯϬϰ͘ ůƐŽ Ă ǀĞƌǇ ǁŝĚĞ ƌĂŶŐĞ ŽĨ ƚĞĐŚŶŝĐĂů ďĂůů ǀĂůǀĞƐ ŝŶ ďƌĂƐƐ ŝƐ ĂǀĂŝůĂďůĞ͕ ŵĂŶƵĂů Žƌ ǁŝƚŚ ĂĐƚƵĂƚŽƌ͕ ĂƐ ǁĞůů ĂƐ ĐĂƐƚ ŝƌŽŶ ďƵƩĞƌŇǇ ǀĂůǀĞƐ͘ dŚĞ ĐŚŽŝĐĞ ŽĨ ƉƌĞƐƐƵƌĞ ƌĂƟŶŐƐ ŝƐ ǀĞƌǇ ǁŝĚĞ͕ ĂĐĐŽƌĚŝŶŐ ƚŽ ƚŚĞ ĞǆĞĐƵƟŽŶ ĨƌŽŵ WEϭϬ ƚŽ WEϭϬϬ ĨŽƌ ƚŚĞ ǁĂĨĞƌ͕ ƐƉůŝƚͲǁĂĨĞƌ ĂŶĚ ŇĂŶŐĞĚ ƚǇƉĞƐ ĂŶĚ ƵƉ ƚŽ WEϰϮϬ ĨŽƌ ƚŚĞ ƚŚƌĞĂĚĞĚ ĂŶĚ ǁĞůĚĞĚ ƚǇƉĞƐ͘dĞŵƉĞƌĂƚƵƌĞ ƌĂŶŐĞ ŐŽĞƐ ĨƌŽŵ ͲϰϬΣ ƚŽ

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

нϮϲϬΣ͘ ŵŽŶŐ ƚŚĞ ŶĞǁ ƉƌŽĚƵĐƚƐ͕ ƚŚĞ ŶĞǁ ƌĂŶŐĞ ŽĨ ďĂůů ǀĂůǀĞƐ ŝŶ ƚŚĞ ƉƌĞƐƐƵƌĞ ĐůĂƐƐĞƐ WEϭϬϬ ĂŶĚ E^/ϲϬϬ ŝŶ ƚŚĞ ǁĂĨĞƌ ĂŶĚ ƐƉůŝƚͲǁĂĨĞƌ ĞǆĞĐƵƟŽŶ͘ dŚĞ ƐŝǌĞƐ ŐŽ ĨƌŽŵ Eϭϱ ƚŽ EϭϬϬ͘ dŚĞ ŵĂƚĞƌŝĂůƐ ĂǀĂŝůĂďůĞ ĂƌĞ ϭϬϱ͕ >&Ϯ͕ /^/ϯϬϰ ĂŶĚ /^/ϯϭϲ͘ hŶĚĞƌ ĚĞǀĞůŽƉŵĞŶƚ ĂƌĞ ĂůƐŽ ƚŚĞ E^/ϲϬϬ ŇĂŶŐĞĚ ďĂůů ǀĂůǀĞƐ͘ ŶĞǁ ƌĂŶŐĞ ŽĨ ƚŚƌĞĂĚĞĚ Žƌ ŇĂŶŐĞĚ ƚŚƌĞĞ ǁĂǇ ǀĂůǀĞƐ ǁŝƚŚ ϰ ƐĞĂƚƐ ŝŶ ŝƐŝϯϭϲ>͕ ŵĂŶƵĂů Žƌ ǁŝƚŚ /ƐŽ ƚŽƉ ŝƐ ĂůƐŽ ĂǀĂŝůĂďůĞ͘ ^ƉĞĐŝĂů ĞǆĞĐƵƟŽŶƐ ŝŶĐůƵĚĞ͗ ƐƚĂŶĚĂƌĚ ƉĂŝŶƟŶŐ ƚƌĞĂƚŵĞŶƚ͕ ƐƉĞĐŝĂů ƉĂŝŶƟŶŐ ƚƌĞĂƚŵĞŶƚ ĂĐĐŽƌĚŝŶŐ ƚŽ ĐƵƐƚŽŵĞƌ͛Ɛ ƐƉĞĐŝĮĐĂƟŽŶƐ͕ ǌŝŶĐ ƉůĂƟŶŐ ƚƌĞĂƚŵĞŶƚ͕ ĚĞŐƌĞĂƐĞĚ ǀĂůǀĞƐ ĨŽƌ ŽǆǇŐĞŶ͕ ŝŶƚĞŐƌĂů ƐĞĂƚƐ ĨŽƌ ƚŚĞ ĨŽŽĚ Žƌ ƉĂŝŶƚ ŝŶĚƵƐƚƌǇ͕ ƐƉĞĐŝĂů ǀĂůǀĞƐ͛ ŵĂƌŬŝŶŐ͕ ƚĂŐ ŶƵŵďĞƌƐ Žƌ ƉĂĐŬŝŶŐ ĂĐĐŽƌĚŝŶŐ ƚŽ ĐƵƐƚŽŵĞƌ͛Ɛ ƐƉĞĐŝĮĐĂƟŽŶƐ͘ dŚĞ ƉŽƐƐŝďŝůŝƟĞƐ ŽĨ ƐƉĞĐŝĂů ƉƌŽĚƵĐƚƐ ĂůƐŽ ŝŶĐůƵĚĞ ǀĂůǀĞƐ ǁŝƚŚ ŚĞĂƟŶŐ ũĂĐŬĞƚ͕ ŇĂŶŐĞƐ͛ ƐƵƌĨĂĐĞ ĮŶŝƐŚŝŶŐ ĂĐĐŽƌĚŝŶŐ ƚŽ ĐƵƐƚŽŵĞƌ͛Ɛ ƐƉĞĐŝĮĐĂƟŽŶƐ͕ ƐƉŝŶĚůĞ ĞǆƚĞŶƐŝŽŶƐ͕ ůŽĐŬŝŶŐ ĚĞǀŝĐĞƐ͕ ŐĞĂƌ ďŽǆĞƐ͕ ŵŽƵŶƟŶŐ ŬŝƚƐ ĂĐĐŽƌĚŝŶŐ ƚŽ ĐƵƐƚŽŵĞƌ͛Ɛ ĂĐƚƵĂƚŽƌ ĐŽŶŶĞĐƟŽŶ͕ ƌĂǁ ŵĂƚĞƌŝĂůƐ ĨƌŽŵ Es Žƌ >>ŽǇĚ͛Ɛ ĂƉƉƌŽǀĞĚ ĨŽƵŶĚƌŝĞƐ͘ dŚĞ īĞďŝ ƌĂŶŐĞ ĂůƐŽ ŝŶĐůƵĚĞƐ Ă ǀĞƌǇ ǁŝĚĞ ƌĂŶŐĞ ŽĨ ĞůĞĐƚƌŝĐĂůůǇ Žƌ ƉŶĞƵŵĂƟĐĂůůǇ ĂĐƚƵĂƚĞĚ ďĂůů ǀĂůǀĞƐ͕ ŝŶ ďƌĂƐƐ͕ ƐƚĞĞů ĂŶĚ ƐƚĂŝŶůĞƐƐ ƐƚĞĞů͕ ŝŶĐůƵĚŝŶŐ ĂĐĐĞƐƐŽƌŝĞƐ ůŝŬĞ ƐŽůĞŶŽŝĚ ǀĂůǀĞƐ ;ƐƚĂŶĚĂƌĚ Žƌ d yͿ͕ ůŝŵŝƚ ƐǁŝƚĐŚĞƐ ;ƐƚĂŶĚĂƌĚ Žƌ d yͿ͕ ĞůĞĐƚƌŽ ƉŶĞƵŵĂƟĐ ƉŽƐŝƟŽŶĞƌƐ͕ ƉƌĞƐƐƵƌĞ ƌĞĚƵĐĞƌƐ͕ ĞŵĞƌŐĞŶĐǇ ŐĞĂƌ ďŽǆĞƐ ĂŶĚ ĞŵĞƌŐĞŶĐǇ ďĂƩĞƌŝĞƐ͘ ůƐŽ ĐŽŵƉĂĐƚ ĞůĞĐƚƌŝĐ ĂĐƚƵĂƚŽƌƐ ĨŽƌ ƐƉĞĐŝĂů ĞǆĞĐƵƟŽŶƐ ĐĂŶ ďĞ ŽīĞƌĞĚ͘

AUTOMATION

ARTICLE

ModBus wiring systems for process control and automation The increasing use of automation and process control systems within electrical and technological plants for a better management of industrial processes has prompted circuit-breaker manufacturers to implement bus communication interfaces with control equipment such as PC, PLC or SCADA and safety control on the electronic trip units. The use of automation and process control systems has changed the management of the electrical and technological systems, and has led circuit-breaker manufacturers to implement bus communication interfaces with control equipment such as PC, PLC or SCADA on the electronic trip units. In fact, ModBus RTU and other fieldbus systems such as AS-Interface, DeviceNet and Profibus DP represent a good technical solution for this specific plant design. Circuit-breakers are thus used not only for switching and safety reason but also for the supervision and control of electrical distribution systems. The industrial management in the process industry requires that all devices in a data transmission network communicate with each other, and this requires two distinct types of activity: on the one hand, the exchange of data between personal computers, in a company or a firm, linked through a LAN network; on the other hand, the transmission of data and commands between a control system and the field devices (sensors and actuators) of an automation system. It should be noted that the second requirement is part of the AS-Interface definition protocol while the first requirement is specific for ModBus.

Armando Zecchi

100

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

In order to manage the data traffic over the network and to allow understanding between two communicating devices, a communication protocol is necessary. It should be remembered that the communication protocol is the set of rules and behaviours that two elements must comply with tin order o interchange information between each other. It is a protocol between the communication partners. As already written in other articles of this series focusing on the fieldbus, with particular attention to ModBus, I have already pointed out that the protocols used to interconnect different devices in industrial applications are countless and vary according to the communication requirements of each application, such as: the quantity of data to transmit, the number of involved devices, the characteristics of the environment where the communication takes place, time restrictions, data criticality, error control.

ModBus plot

Circuit-breakers are thus used not only for switching and safety reason but also for the supervision and control of electrical distribution systems. Fieldbus communication (Modbus RTU, Profibus DP and DeviceNet) has specific rules for the RS232 interfaces and for the Modbus network, referring to the RS485interface, for the solution of integrated switches and other power devices in Ethernet networks with Modbus/TCP protocol. The process management requiring the communication between all devices in a data transmission network implies the exchange of data between computers by connecting them to a LAN2 network. The transmission of data and commands between a control system and the field devices (sensors and actuators) of an automation system must also be ensured for the management of an industrial process.

Bus connection type

In this article, we will focus on the industrial communication protocols used in the fieldbus, i.e. the networks used for exchanging information between a control system and other field devices (sensors and actuators with an advanced communication interface which interact directly with the physical process to be kept under control). In particular, the concepts of communication, supervision and control shall be applied to the management of the low voltage electrical energy distribution installations thanks to Industry 4.0 and Automation 4.0. Communication protocols The protocols currently used in industrial communications are rather sophisticated. In order to simplify their description, they are usually classified according to their functioning levels. Each protocol has three levels: a physical layer, a data link layer and an application layer. Each layer describes a specific aspect of the functioning of the communication. The physical layer specifies the connection between the different devices from the point of view of the hardware and describes the electrical signals used to transmit the bits from one device to the other; for instance, it describes the electrical connections and the wiring systems, the voltages and the currents used to represent the bits 1 and 0 and their duration. In the industrial protocols, the physical layer is generally one of the standard interfaces type RS-232, RS-485, RS-422. The data link layer describes how the bits are first grouped into characters and then into packets, and how errors can be detected and possibly corrected. If necessary, it also defines the priorities to comply with in order to gain access to the transmission medium. The application layer describes what data are transmitted and what is their meaning with reference to the process under control. At this level it is specified which data shall be contained in the data packets transmitted and received, and how they are used. In general, these layers are independent one from the other. Without aiming at a thorough description of the existing protocols, we would like to point out some characteristics of the communication systems through a brief description of the above-mentioned layers.

The physical layer When taking into consideration the physical layer it is possible to distinguish between: wireless systems, which use as physical medium radio waves, infrared rays or luminous signals which are propagated in free space, and wired systems where signals are transmitted over cables (or optical fibres). Among the latter, there are point-to-point cabling systems, in which each section of the cable connects two devices and works exclusively for the communication between them (a typical example is represented by the cable that connects a PC to a printer). This transmission can be full duplex, if data can be transmitted in both directions at the same time, or half duplex allowing the transmission of signals in both directions only alternately. Moreover, there can be multi-drop cabling systems in which many devices share the same communication cable in parallel. Among the multi-drop systems, those with bus connection are particularly important since the main cable without stubs or with very short stubs connects in parallel all the devices concerned. Interface and industrial networking solutions In industrial networks, the mostly used physical layer interfaces are RS-232 for point-to-point connections and RS-485 for multipoint connections. Physically speaking, the RS-232 interface is so common in personal computers to be known as â&#x20AC;&#x153;serial portâ&#x20AC;?. It s an asynchronous point-to-point serial communication system allowing full-duplex operation. It is worth remembering that point-to-point means that only two devices can be interconnected according to this mode. Each character flowing over the serial cable consists of one or more start bits to inform the receiving device about the arrival of a new character (since for the asynchronous interface it is not possible, for the receiving device, to know when a character has been transmitted and therefore it is necessary to signal it in advance), a certain number of data bits (for example 8). The bits are transmitted as voltage values from the transmission terminal (Tx) of one device to the receiving terminal (Rx) of the other device. The voltages refer to a common ground conductor (GND) connected to the homonymous terminal of the two devices. The serial interface is configured to transmit a certain number of bits per second (bps or baud). The transmission speeds are standardized and by tradition multiples of 300 bits per second are used. For example, a device could transmit at 9600, 19200 or 38400 baud, or bits per second. In order to communicate correctly, it is essential that the two devices use the same settings: baud rate, number of data bits, start and stop bits, whether or not the parity bit shall be used, and, if used, the mode (even or odd). If this does not occur, no character is recognized correctly making the data transmission impossible.

Connection between two RS232 ports

The RS-485 interface differs from the RS-232 in its electrical and connection characteristics. Its main advantages are: the possibility of making multidrop4 connections between more than two devices and the best immunity from electrical disturbances. These characteristics make RS-485 the most widely used interface. In principle, in a multidrop connection, the devices are connected in parallel to a main cable. The EIA/TIA-485 "Differential Data Transmission System Basics" is the document describing the RS485 standard, to which all manufacturers refer. The signals used are differential; that is, the bits are represented by the voltage difference between Data+ and Data-. The conductors are twisted and kept near each other to ensure that electrical disturbances affect them with equal intensity, so that the voltage difference is altered as little as possible. When a device is not transmitting, it prepares for "reception", showing a high impedance on the communication port. The RS-485 standard specification (EIA/TIA-485) sets some limits on the input impedance and sets requirements on the voltage/power that each device must be able to transfer over the line when transmitting data. In particular, in accordance with the requirements of the reference standard, correct data transmission is possible if more than 31 "receiving" devices are connected to the line. Therefore, according to the standard, RS-485 guarantees that the communication can be carried out correctly with a maximum number of 32 devices connected to the bus; and in each communication cycle, one device is "in transmission mode" and the other 31 are "in reception mode". In fact, since all the devices are connected in parallel on a single bus, only one at a time can transmit, otherwise the signals overlap and become unrecognisable. The RS- 485 interface does not include any mechanism to define which device is allowed to transmit; this task is assigned to the higher levels of the protocol used. The structure of each character transmitted, its duration and the possibility of transmission configuration are the same as those seen above for the RS-232 serial; for example, a transmission can be set at a speed of 19200 baud, with 1 start bit, 1 stop bit and a parity bit used, for example, in "even" mode. All devices connected to the same bus must have the same settings in order to communicate with each other in an industrial environment, from the first versions of Modbus (60's) to the most modern Modbus RTU, Profibus-DP, DeviceNet, CANopen and As-Interface. In RS485, all the devices are connected in parallel on a single bus made up by two conductors, called: Data+ and Data-, or A and B or Data1 and Data2 according to the different manufacturers of the devices.

connection of devices via RS 485 interface

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INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

The data link layer Regarding the data link level, we refer to master-slave protocols when one device (the master) has the task of controlling and managing the communication with all the other devices (slaves). We speak instead of peer-to-peer systems when this hierarchy does not exist and the devices access the medium of communication equally (in this case the protocol includes the procedures to manage the shifts and the access priorities to the communication medium; a classic example is Ethernet). Among the most used communication protocols there are: - Modbus RTU, the most common connection protocol for electronic-industrial devices; - Profibus-DP, used for field communication with intelligent sensors and actuators, generally with fast and cyclical data exchange between field equipment and controllers; - DeviceNet, also used for the interface between field devices and controllers (PC, PLC); - AS-i, for communication with very simple sensors, such as limit switches or switching devices (e.g. buttons), actuators and intelligent systems. The application layer The application layer gives a meaning to the transmitted data; i.e. it associates commands (e.g. open/close the circuit-breaker) or a number (e.g. voltage values) with the data in binary format interchanged by the devices through the communication network. For example, suppose you use the Modbus protocol for remote reading of the current values stored in a switch equipped with a trip unit. Each trip unit stores the values of the quantities and of the parameters in special registers; these registers can be reading-only (e.g. register of current measurement) or reading/writing (e.g. register for setting the curves and the trip thresholds of the protections). The memory map is defined by the manufacturer, who decides which register associate with the data read by the circuit-breaker and also decides which parameters and setting shall be transmitted via serial communication. When the master unit (e.g. a PC) wants to read the current values, it sends a message to the circuit-breaker containing: the number of the registers where to read the data (the measured quantities are associated with the register number); the type of operation to be carried out (e.g.: reading the values contained in the register). The slave unit (in this case the circuit-breaker) responds by sending the requested values to the master. These values are then shown to the operator in a comprehensible format through the user interfaces of the supervision software and application programs that facilitate the presentation of the information and of the data coming from the controlled process.

Compatibility between layers In industrial communication, all the different devices exchanging information must use the same protocols on all the layers involved. For example, ABB SACE circuit-breaker use the Modbus RTU protocol on RS-485. However, there are also industrial devices that use Modbus RTU on RS-232 or Profibus-DP on RS-485. From a point of view aimed at the the integration between traditional installation technology and control systems, in order to centrally and automatically manage, control and monitor civil and industrial plants, the electrical installation can be considered to be influenced by two flows: a main flow (energy flow) consisting of the power and energy that, through the line conductors and the switching and protection equipment, is delivered to the users and the loads of a plant; a digital flow consisting of all the information, data and commands useful for the control and management of the plant. The supervision system manages this information flow passing over the communication network. Depending on the extension and complexity of the systems to be managed, it is possible to create supervision systems with different architectures, from the simplest (two-layer architectures) to the most complex (multi-layer architectures). The control level consists of the supervision, control and data acquisition system (SCADA: Supervisory Control and Data Acquisition). In the simplest applications this level includes a computer on which the software for data acquisition, control or supervision of the plant are installed. At this level the data transmitted by the sensors are acquired, displayed and processed, and the commands are sent to the actuators. In this way, from a single location, an operator can monitor the status of the entire plant and carry out the necessary operations to ensure its efficiency and correct operation. Level of control Generally speaking, in the applications which combine the management of the electrical distribution plant and the process management, the control level consists of the control processor which supervises the automation system of the whole industrial process. The field level consists of the field devices equipped with a communication interface (sensors, actuators and protection circuit-breaker equipped with special trip units) installed in the electrical system, which interact directly with the latter and connect it to the control level. The main functions of the field level are: 1) Sending the system data (e.g. currents, voltages, energies, state of the circuit-breaker, etc.) to the control level; 2) actuating the commands (e.g. open/close) received from the control level. The two levels communicate via a bus communication network. The information (e.g. measured values) transmitted from the field level to the control level and the commands, which travel in the opposite direction, constitute the informative flow passing over the bus.

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Supervision of the electrical distribution systems In the field of energy distribution, communication and dialogue between protection devices are made possible by the microprocessor-based trip units equipped with the Modbus communication interface. The use of these trip-units allows automatic circuit-breakers to exchange data with other electronic devices through a communication bus and to interact with the supervision systems for the computer-based management of low voltage electrical installations; to integrate the management of the electrical distribution system with the automation systems of an entire factory or industrial process; for instance, to integrate the information (currents, voltages and powers) coming from the circuit-breakers which protect the motors, the auxiliary circuits and the power supply line of the electrical furnaces of a steelwork with the information and the data relevant to the physical quantities (e.g. pressure and temperature) involved in the management of the entire process. In this way, the circuit-breaker equipped with Modbus interface, in addition to carrying out the classic function of protecting the plant against overcurrents and supplying energy to the loads, also takes the function of field device of the supervision system functioning both as transmitter as well as actuator.

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For example, the use as a transmitter makes it possible to keep under control the electrical energy consumption and to improve the management of the electrical distribution system. The energy consumptions of an electrical system which supplies a definite manufacturing process can be controlled, stored and analysed with the purpose of reducing the power consumption in real time by disconnecting the non-priority loads if the effective drawn power exceeds the maximum contractual power so as to avoid the payment of penalties to the power supply authority; identifying the type of electrical power supply contract which is most suitable and compatible with the real requirements of the plant through a continuous control and an analysis of the energy withdrawal. Thanks to the information provided by circuit breakers it is possible, for example, to: keep under control the electricity distribution system and allow the optimal functioning of the industrial process it supplies; check that the main electrical quantities are within their nominal values and that the plant is operating correctly. In this way it is possible to control that the electrical supply has a good quality level: to control the alarm signals of the circuit-breakers in order to prevent situations of anomalous operation, faults and the consequent tripping of the protections, with the aim of reducing to a minimum inefficiencies and down times; to have targeted information about the fault causes in a definite section of the electrical plants. For instance, such causes can be determined by storing and analyzing the phase currents. With this type of information a statistical survey of the occurred abnormal conditions is possible, thus allowing a statistical study on the fault causes; to know the diagnostics data of the protection devices (e.g. percentage of contact wear) in order to schedule preventive maintenance compatible with the working cycle of the supplied process, so as to limit to a minimum the down times and guarantee service continuity for the installation. Moreover, the use of circuit-breakers as transmitters of the supervision system, makes it possible measuring of the main electrical quantities of the plant (currents, voltages, powers) without using dedicated instruments. The above involves cost savings in terms of purchase costs of equipment and moreover it allows saving space inside the distribution switchboards since it is not necessary to install inside it the sensors to be interfaced with the control system. The switch as sensor and actuator of a supervisory system The supervision of the electrical distribution systems allows to send to a remote system the alarm signals of the protections, the information related to the switch (e.g. status and position) and the measures made available by the trip unit. It is then possible to receive from a remote supervision system the commands (opening and closing of the circuit breaker) or the settings of the protection functions, thus implementing the remote control. In order to carry out the remote control, i.e. the mechanical actuation of the remote opening and closing commands, the circuit breakers, in addition to having a communication module, must also be equipped with an opening release, closing release and a geared motor for the automatic charging of the closing springs.

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Measurements The available measures depend on the type of the trip unit used and on the presence or absence of the measurement module. The module allows the disconnectors to make available, in addition to the measurement of currents, also other electrical quantities of the system such as the power. The measured quantities can be sent to the remote supervision system. All the commands from remote control (through the bus) can be disabled by setting the trip unit to local mode. A practical example: ABB solution for bus communication The low voltage circuit breakers E2, E3, E4 and E6, belonging to the SACE Emax DC series for electrical distribution plants, are equipped with the PR122/DC or PR123/DC trip units and can be integrated into communication systems, with Modbus RTU fieldbus, for the supervision and control of electrical distribution plants with a voltage up to 1000V. A communication module is used for the connection to the Modbus network, while a measuring module is usually supplied for the trip unit of this series.

Wiring technique of a ModBus bus system (ABB Sace)

An example of Modbus system functioning The traffic of information on the bus is managed through a procedure type Master/Slave with a PC or PLC as Master and the circuit-breakers as Slaves. The Master defines all the traffic on the bus and only the Master can start the communication. It transmits data and/or commands to the Slaves and requires them to send the data in their turn. The Slaves transmit on the network only when required by the Master. The Slaves cannot communicate between them directly: for example, in order to transfer data from one Slave to another, it is necessary that the Master reads the data from the first Slave and then transfers it onto the second one. However, in the application context of ABB SACE circuit-breakers this operation is never necessary.

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The communication sequence between each circuit-breaker (Slave) and the PC (Master) occurs as follows: the PC sends a command or a query on the bus 2) the queried circuit-breaker sends a response by performing the command received. It contains the identifier of the switch to which the communication has been sent and therefore, although the transmission is received by all the devices connected to the network, only the concerned device will respond with the appropriate action that can be to execute the command received, provide the requested data or inform that the request can not be satisfied. The circuit-breakers are queried by the PC with cyclic polling, that is cyclically one after the other, so that the complete scanning of the plant is carried out within a predictable time (polling time). For supposing we want to read the current values from 6 Tmax circuit-breakers equipped with the electronic trip unit PR222DS/PD.

A ModBus application example (ABB Sace)

For the communication sequence between each circuit-breaker and the PC, the following times are assumed: - query time tQ (time necessary for the PC query to the circuit-breaker): 7 ms - time interval, Dt, between query and response: 43 ms - response time tR (time necessary for the circuit-breaker response to the PC): 9ms. Under these suppositions, the query time for each circuit-breaker is about 59 ms and, considering it constant for all the circuit-breakers, the polling time for each communication cycle shall be about: 59 Ă&#x2014; 6 = 354 ms. When calculating the polling time, the processing time of the PC, tPC, - that is the time elapsing between the end of the RESPONSE of a circuit-breaker and the start of the QUERY sent by the PC to the next circuit-breaker - is considered negligible. AIn order to implement a communication network between several communicating slaves in Modbus RTU, whether they are measuring modules, protection circuit-breakers or temperature control units, it is essential to have the possibility to set the same communication parameters on all the devices available in the network. These parameters are: data transmission speed (baud rate), data parity bit, stop address bit of each slave. Once the same data transmission speed has been set, parity bit and stop bit, and having identified each slave with its own unique address, it is possible to proceed with the acquisition of information from the master. MODBUS solutions SENECA, leading company from Vicenza in the automation industry, offers several solutions for ModBus application. For example, the Z-PC ModBUS series is a modular automation system for signal management up to thousands I/Os. The series includes the widest variety of I/O modules: digital inputs, fast counters, digital relay and mosfet outputs, analog channels (mA, V,Ohm, mV), strain gauge, RTDs, thermocouples. With 1 module it is possible to acquire up to 24 digital and 8 analog signals. The DIN rail modular bus support is available in 1, 2, 4, 8 slot format. The modules are Hot-Swap type, i.e. hot-swappable, without power and communication interruption. The system is completed by a wide range of interfaces and network interconnections to expand the configuration. Physical access is based on half-duplex serial transmission. The electrical interface allows point-to-point or multipoint connections.

PLC connection and TCP-IP Modbus fieldbus Modules via Gateway (Seneca)

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ModBus's Z system (Seneca)

The maximum length of the connection depends on the baud-rate, the electrical noise of the installation environment, the type and quality of the cable. Operation of up to 1.2 km is normally guaranteed, without the use of repeaters. The modules of the Z-PC ModBUS series have -3way galvanic isolation between the input and output phases of the multi-channel power supply up to 1.5kVac. This eliminates differences in potential from long cables and common reference points. Galvanic isolation also protects against voltage damage, and inductive and capacitive interference. R-KEY-LT is a compact and robust Modbus gateway that converts from Modbus TCP-IP protocol to Modbus RTU/ASCII and vice versa. It supports up to 8 Modbus TCP-IP clients at the same time, with up to 10 Modbus TCP-IP servers. With this model, serial Modbus slave devices can be integrated into an existing Modbus TCP-IP network, as well as Modbus TCP-IP slave devices can be made accessible to serial masters. R-KEY-LT can be configured via web server and software. It has Vac/dc power supply on the same hardware, insulation 1.5 kVac, extended temperature range. The device can also be powered via 230 Vac power supply unit.

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gateway Seneca per collegamento ModBUS TCP ModBus RTU/ASCII

Seneca gateway for ModBUS TCP ModBus RTU / ASCII connection

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GIMAX 3D

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&Žƌ ŵŽƌĞ ŝŶĨŽƌŵĂƟŽŶ͗ ŝŶĨŽΛŐŝŵĂǆϯĚ͘ĐŽŵ ͮ ǁǁǁ͘ŐŝŵĂǆϯĚ͘ĐŽŵ

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O+P is a leading manufacturer of hydraulic pipeline equipment

ƐƚĂďůŝƐŚĞĚ ŝŶ /ƚĂůǇ ŝŶ ϭϵϴϭ͕ ǁŝƚŚ Ă ƉƌŽĚƵĐƚ ĐĂƚĂůŽŐ ŽĨ ŵŽƌĞ ƚŚĂŶ ŽŶĞ ŚƵŶĚƌĞĚ ĂŶĚ ƚǁĞŶƚǇ ŚŽƐĞ ĂŶĚ ƚƵďĞ ĂƐƐĞŵďůǇ ŵĂĐŚŝŶĞƐ ĂŶĚ ĂĐĐĞƐƐŽƌŝĞƐ͕ KнW ŝƐ Ă ůĞĂĚŝŶŐ ŵĂŶƵĨĂĐƚƵƌĞƌ ŽĨ ŚǇĚƌĂƵůŝĐ ƉŝƉĞůŝŶĞ ĞƋƵŝƉŵĞŶƚ ƐĞƌǀŝŶŐ ƚŚĞ ŐůŽďĂů ŝŶĚƵƐƚƌŝĂů ĐŽŵŵƵŶŝƚǇ ŝŶ ƐĞĐƚŽƌƐ ƌĂŶŐŝŶŐ ĨƌŽŵ WŚĂƌŵĂĐĞƵƟĐĂů͕ ŚĞŵŝĐĂů͕ &ŽŽĚ Θ ĞǀĞƌĂŐĞ͕ Kŝů Θ 'ĂƐ͕ ŽŶƐƚƌƵĐƟŽŶ͕ DŝŶŝŶŐ ĂŶĚ ŐƌŝĐƵůƚƵƌĞ͘ DĂŶƵĨĂĐƚƵƌĞĚ ŝŶ ĐŽŵƉůŝĂŶĐĞ ǁŝƚŚ ƵƌŽƉĞĂŶ ƐƚĂŶĚĂƌĚƐ͕ ĞǀĞƌǇ KнW ƉƌŽĚƵĐƚ ŝƐ ĚĞƐŝŐŶĞĚ͕ ŵĂŶƵĨĂĐƚƵƌĞĚ͕ ƚĞƐƚĞĚ ĂŶĚ ĂƐƐĞŵďůĞĚ ŝŶͲŚŽƵƐĞ͕ ǁŝƚŚ Ăůů ŵĞĐŚĂŶŝĐĂů ĐŽŵƉŽŶĞŶƚƐ ƉƌŽĚƵĐĞĚ ďǇ KнW ĐŽŵƉĂŶŝĞƐ͕ ƚŚƵƐ ĞŶƐƵƌŝŶŐ ĐŽŵƉůĞƚĞ ĐŽŶƚƌŽů ŽǀĞƌ ƚŚĞ ƉƌŽĚƵĐƟŽŶ ƉƌŽĐĞƐƐ ĨƌŽŵ ďĞŐŝŶŶŝŶŐ ƚŽ ĞŶĚ͘ tŚŝůĞ ŝƚƐ ĐŽƌĞ ďƵƐŝŶĞƐƐ ƌĞŵĂŝŶƐ ŚŽƐĞ ĐƌŝŵƉĞƌƐ͕ ĨƌŽŵ ƉŽƌƚĂďůĞ͕ ĞĂƐǇͲƚŽͲƵƐĞ ĐƌŝŵƉĞƌƐ ĨŽƌ ŽŶƐŝƚĞ ĂŶĚ ŽƵƚĚŽŽƌ ƐĞƌǀŝĐĞ ƚŽ ϭϬ͟ŝŶĚƵƐƚƌŝĂů ŚŽƐĞƐ ĨŽƌ ƚŚĞ Kŝů Θ 'ĂƐ ŝŶĚƵƐƚƌǇ͕ KнW ĂůƐŽ ŽīĞƌƐ Ă ĐŽŵƉůĞƚĞ ůŝŶĞ ŽĨ ĐƵƫŶŐ ŵĂĐŚŝŶĞƐ͕ ƐŬŝǀŝŶŐ ĂŶĚ ĮƫŶŐ ĂƐƐĞŵďůǇ ĞƋƵŝƉŵĞŶƚ͕ ƚƵďĞ ĂƐƐĞŵďůǇ ĞƋƵŝƉŵĞŶƚ ĂŶĚ ƚĞƐƚ ďĞŶĐŚĞƐ͘ EŽƚ ŽŶůǇ ĚŽ ĐƵƐƚŽŵĞƌƐ ďĞŶĞĮƚ ĨƌŽŵ Ă ǁŝĚĞ ƐĞůĞĐƟŽŶ ŽĨ ƉƌŽĚƵĐƚƐ͕ ďƵƚ KнW ĂůƐŽ ŽīĞƌƐ Ă ĐŽŵƉůĞƚĞ ĐƵƐƚŽŵŝǌĂƟŽŶ

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ƐĞƌǀŝĐĞ͕ ƐŽ ŝĨ Ă ĐƵƐƚŽŵĞƌ ĐĂŶŶŽƚ ĮŶĚ Ă ƉƌŽĚƵĐƚ ƚŚĂƚ ŵĞĞƚƐ ƚŚĞŝƌ ƌĞƋƵŝƌĞŵĞŶƚƐ͕ KнW ĐĂŶ ŚĞůƉ ďƵŝůĚ ƚŚĞŵ Ă ƉƌŽĚƵĐƚ ƚŚĂƚ ĚŽĞƐ͘ ƐƉĞĐŝĂů ƉƌŽĚƵĐƚ ŽīĞƌĞĚ ďǇ KнW ŝƐ ^ƚŽƉŇĞǆ͗ ƚŚŝƐ ƉĂƚĞŶƚĞĚ ƌĞƚĞŶƟŽŶ ƐǇƐƚĞŵ ŚĂƐ ďĞĞŶ ĚĞƐŝŐŶĞĚ ƚŽ ĂƌƌĞƐƚ ƚŚĞ ƚƌĂũĞĐƚŽƌǇ ŽĨ ƚŚĞ ŇĞǆŝďůĞ ŚŽƐĞ͕ ƚŚƵƐ ĂǀŽŝĚŝŶŐ ƚŚĂƚ ƚŚĞ ĞŶĞƌŐǇ ĐŽŶƚĂŝŶĞĚ ŝŶƐŝĚĞ ŵĂǇ ƚƌŝŐŐĞƌ Ă ĨƌŝŐŚƚĞŶŝŶŐ ͞ǁŚŝƉ ĞīĞĐƚ͘͟ Ɛ Ă ŵĂƩĞƌ ŽĨ ĨĂĐƚ͕ ƚŚĂŶŬƐ ƚŽ ƚŚĞ ^ƚŽƉŇĞǆ ƐǇƐƚĞŵ͕ ƚŚĞ ŚŽƐĞ ŝƐ ƐĞĐƵƌĞĚ ƚŽ ƚŚĞ ƉůĂŶƚ ďǇ ŵĞĂŶƐ ŽĨ Ă ĐĂďůĞ ƉƌŽƚĞĐƟŶŐ ďŽƚŚ ƚŚĞ ŽƉĞƌĂƚŽƌƐ ĂŶĚ ĐŽŵƉŽŶĞŶƚƐ͘ tŝĚĞŶĞƐƐ ŽĨ ƌĂŶŐĞ͕ ĚĞǀĞůŽƉŵĞŶƚ ĂŶĚ ŝŶŶŽǀĂƟŽŶ ŵĂŬĞ KнW Ă ƵŶŝƋƵĞ͕ ǇŽƵŶŐ ĂŶĚ ĚǇŶĂŵŝĐ ďƌĂŶĚ͘ /Ŷ ƚŚĞ ƉĂƐƚ ƚĞŶ ǇĞĂƌƐ͕ ƚŚĞ ĐŽŵƉĂŶǇ ŚĂƐ ŐƌŽǁŶ ĞǆƉŽŶĞŶƟĂůůǇ͕ ŽƉĞŶŝŶŐ ƚŚƌĞĞ ŶĞǁ ďƌĂŶĐŚĞƐ ǁŽƌůĚǁŝĚĞ ŝŶĐůƵĚŝŶŐ ^ŚĂŶŐŚĂŝ ; ŚŝŶĂͿ͕ EĞǁ ĞůŚŝ ;/ŶĚŝĂͿ ĂŶĚ DĂƐƐĂĐŚƵƐĞƩƐ ;hŶŝƚĞĚ ^ƚĂƚĞƐͿ͘ /ƚƐ ĐŽŶƟŶƵŽƵƐ ŐƌŽǁƚŚ ŝƐ ĂůƐŽ ďĞŝŶŐ ƐƵƉƉŽƌƚĞĚ ďǇ ƚŚĞ ŐůŽďĂů ĞǆƉĂŶƐŝŽŶ ŽĨ ŝƚƐ ƐĂůĞƐ ŶĞƚǁŽƌŬ ƚŽŐĞƚŚĞƌ ǁŝƚŚ ŝƚƐ ZΘ ŝŶǀĞƐƚŵĞŶƚƐ͕ ǁŚŝĐŚ ĂƌĞ ĞƐƐĞŶƟĂů ĨŽƌ Ă ƐƚĞĂĚǇ ŇŽǁ ŽĨ ŶĞǁ ƉƌŽĚƵĐƚƐ͘ dŚĂŶŬƐ ƚŽ ƚŚŝƐ͕ ĂŶ ĞǀĞƌŐƌŽǁŝŶŐ ŶƵŵďĞƌ ŽĨ ĐŽŵƉĂŶŝĞƐ ƉƵƌĐŚĂƐĞ ƚŚĞŝƌ ŵĂĐŚŝŶĞƐ ĂŶĚ ĂƌĞ ĂůǁĂǇƐ ǀŽŝĐŝŶŐ ƚŚĞŝƌ ƐĂƟƐĨĂĐƟŽŶ͘ hůƟŵĂƚĞůǇ͕ ƚŚŝƐ ŝƐ ĐŽŶƟŶƵŽƵƐůǇ ŝŶĐƌĞĂƐŝŶŐ ŝƚƐ ƉƌĞƐƟŐĞ ĂŶĚ ƚƌƵƐƚǁŽƌƚŚŝŶĞƐƐ ǁŽƌůĚǁŝĚĞ͘ WĂƌƚ ŽĨ ƚŚĞ /ƚ͛Ɛ &ůƵŝĚŵĞĐ tŽƌůĚ 'ƌŽƵƉ͕ Ă ŵƵůƟͲ ĐŽŵƉĞƚĞŶĐǇ ŽƌŐĂŶŝǌĂƟŽŶ ĐƌĞĂƚĞĚ ƚŽ ŵĞĞƚ ƚŚĞ ŶĞĞĚƐ ŽĨ ƚŚĞ ŚǇĚƌĂƵůŝĐƐ͕ ƉŶĞƵŵĂƟĐƐ ĂŶĚ ĂƵƚŽŵĂƟŽŶ ŝŶĚƵƐƚƌǇ͕ KнW ŝƐ ĞƋƵŝƉƉĞĚ ƚŽ ŵĞĞƚ ĂŶǇ ƉŽƐƐŝďůĞ ĐƵƐƚŽŵĞƌ ŶĞĞĚ͘ Ɛ ƉĂƌƚ ŽĨ Ă ŶĞƚǁŽƌŬ ŽĨ ŝŶĚƵƐƚƌǇ ƉƌŽĨĞƐƐŝŽŶĂůƐ ǁŝƚŚ ĚŝīĞƌĞŶƚ ĐŽŵƉĞƚĞŶĐŝĞƐ ĂŶĚ ƐŬŝůů ƐĞƚƐ͕ /ƚ͛Ɛ &ůƵŝĚŵĞĐ tŽƌůĚ ŵĞŵďĞƌƐ ǁŽƌŬ ĐŽůůĂďŽƌĂƟǀĞůǇ ƚŽ ĐůŽƐĞůǇ ŵŽŶŝƚŽƌ ƚŚĞ ƉƌŽĚƵĐƟŽŶ ƉƌŽĐĞƐƐ͕ ƚĂŬĞ ŽŶ ĐŚĂůůĞŶŐŝŶŐ ŵŽĚŝĮĐĂƟŽŶ ƉƌŽũĞĐƚƐ ĂƐ ǁĞůů ĂƐ ƐƚĂƌƚ ŶĞǁ ƚƌĂĚĞƐ ǁŝƚŚ ĐŽŶĮĚĞŶĐĞ͘

Agreement at Siemens on measures to boost competitiveness

AUTOMATION

PRESS

Munich, September 24, 2018 - Siemens and the company’s Central Works Council have signed a reconciliation of interests based on the framework agreement reached in May. The goal is to increase the competitiveness of the Power and Gas Division (PG) and the Process Industries and Drives Division (PD). At PG alone, costs are to be reduced – as originally planned – by about €500 million worldwide, with €270 million of this amount to be saved in Germany. Around 2,900 jobs will be cut in Germany instead of the roughly 3,400 announced last November. This reduction in job cuts is due, above all, to the continuation of the location in Görlitz, Germany, and the retention of activities at the Dynamowerk, a Siemens production facility in Berlin. However, the measures are not restricted to capacity adjustments alone. Instead, they are primarily designed to achieve structural improvements and systematically sharpen the company’s focus on the technologies of the future. “The market for fossil power generation has contracted substantially. Against the backdrop of this structural change, the agreement we’ve reached is critical to improving our competitiveness. We now have to implement the measures quickly,” said Lisa Davis, member of the Managing Board of Siemens AG. “In the past few months, market forecasts have again worsened considerably. The job cuts agreed upon with the employee representatives are only one of the measures urgently necessary to improve our cost position. With the reconciliation of interests, we’ve also reached an agreement on structural changes and new opportunities for several locations,” said Janina Kugel, Chief Human Resources Officer and member of the Managing Board of Siemens AG. The Görlitz location, for instance, will be retained and expanded to become the global center for the company’s industrial steam turbine business. To increase competitiveness and close the existing cost gap, plans call for reducing the location’s workforce by about 170 jobs. The gas turbine plant and the Dynamowerk in Berlin as well as the factory for large steam turbines in Mülheim, Germany, have been impacted particularly strongly by the market’s structural transformation. Price pressure and the competitive situation have worsened dramatically, resulting in substantial overcapacities and high fixed costs. Consequently, these plants will be restructured, and the competencies of each will be bundled. Berlin will become the worldwide center of competence for large gas turbines. Mülheim will become the center of competence for large steam turbines and specialize as well in the production of large electric motors. As planned, the engineering activities at the Dynamowerk in Berlin will be retained, and production there will be focused on innovation topics – for example, the 3D printing of winding heads, high-voltage spray insulation and phase-change cooling. In the future, the small generators that have been produced in Berlin will be manufactured in Erfurt, Germany. In Berlin, a total of about 270 jobs will be cut at the gas turbine facility and a further 430 at the Dynamowerk. Around 600 jobs will be cut in Mülheim. The Erfurt location will undergo fundamental restructuring. To create a futureoriented portfolio, the location will concentrate on small generators. Other product lines will be discontinued or moved elsewhere. In total, these measures will result in a reduction of about 200 jobs. For the factory in Leipzig, Germany, a sale is now the preferred option. Duisburg, Germany, will be established as the European headquarters for DresserRand activities and expanded to become a central service location. Due to the difficult market environment, however, some of its engineering and production activities will be moved to other locations. In total, these changes will result in a reduction of about 220 jobs. PG’s solution business in Erlangen and Offenbach, Germany, will be downsized due to the weak market situation. The Offenbach location will be closed, but key core activities will remain in Germany’s Rhine-Main area. In total, around 870 of the jobs at these two locations will be cut, about 370 of which are in Offenbach. The approved measures will now be implemented in Germany. As agreed upon in the future pact that the company signed in May with its Central Works Council and the IG Metall labor union, Siemens will also continuously invest in the further education of its employees. The company already spends around €500 million a year on training and further education.

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Axiotek, measuring instruments for hardness tests dŚĂŶŬƐ ƚŽ ŽƵƌ ĐŽŶƐŝĚĞƌĂďůĞ ĞǆƉĞƌŝĞŶĐĞ͕ ǁĞ ǁŽƌŬ ŝŶ ƚŚĞ ǁŚŽůĞ ĮĞůĚ ŽĨ ŵĞĂƐƵƌŝŶŐ ŝŶƐƚƌƵŵĞŶƚƐ ƚŽ ĐĂůĐƵůĂƚĞ ƚŚĞ ƉƌŽƉĞƌƟĞƐ ŽĨ ŵĂƚĞƌŝĂůƐ͕ ǁŝƚŚ Ă ƐƚƌŽŶŐ ƐƉĞĐŝĂůŝǌĂƟŽŶ ŽŶ ŚĂƌĚŶĞƐƐ ƚĞƐƚĞƌƐ ŵĂŶƵĨĂĐƚƵƌŝŶŐ͘ tĞ ĚĞƐŝŐŶ ĂŶĚ ƉƌŽĚƵĐĞ ŐƌŽƵŶĚďƌĞĂŬŝŶŐ ŵĂĐŚŝŶĞƐ ƚŽ ŵĞĂƐƵƌĞ ƚŚĞ ŚĂƌĚŶĞƐƐ ŽĨ ŵĂƚĞƌŝĂůƐ ;ZŽĐŬǁĞůů͕ ƌŝŶĞůů͕ sŝĐŬĞƌƐ͕ DŝĐƌŽsŝĐŬĞƌƐ͕ <ŶŽŽƉ͕ ^ŚŽƌĞ͕ /Z, ͕ ĞƚĐ͘Ϳ ĂŶĚ ĞǀĞŶ ƚŽ ĐĂůĐƵůĂƚĞ ĂƐĞ ,ĂƌĚŶĞƐƐ ĞƉƚŚƐ͘ KƵƌ ƐƚƌĞŶŐƚŚ ŝƐ ďĞŝŶŐ ĂďůĞ ƚŽ ĐƌĞĂƚĞ ĐƵƐƚŽŵŝǌĞĚ ƐŽůƵƟŽŶƐ ĨŽƌ ĂŶǇ ƚǇƉĞƐ ŽĨ ŶĞĞĚ͗ ĨƌŽŵ ďĞŶĐŚ ƚŽ ƉŽƌƚĂďůĞ ŚĂƌĚŶĞƐƐ ƚĞƐƚĞƌƐ ƵƉ ƚŽ ƐƉĞĐŝĂů ŝŶƐƚƌƵŵĞŶƚƐ ʹ ĚĞǀĞůŽƉĞĚ ƉƵƌƉŽƐĞůǇ ĨŽůůŽǁŝŶŐ ĐƵƐƚŽŵĞƌƐ͛ ƌĞƋƵĞƐƚƐ͘ tĞ ĂůƐŽ ŽīĞƌ ĐŽŶƐƵůƚĂŶĐǇ͕ ƚĞĐŚŶŝĐĂů ĂƐƐŝƐƚĂŶĐĞ͕ ŵĂŝŶƚĞŶĂŶĐĞ͕ ŵĞĂƐƵƌŝŶŐ ŝŶƐƚƌƵŵĞŶƚƐ ƌĞƉĂŝƌ ĂŶĚ ĐĂůŝďƌĂƟŽŶ ĂĐĐŽƌĚŝŶŐ ƚŽ ŝŶƚĞƌŶĂƟŽŶĂů ^dD ĂŶĚ /^K ƐƚĂŶĚĂƌĚƐ͘ KƵƌ ƉƌŽĚƵĐƚƐ ʹ ŝŶĐůƵĚŝŶŐ ƚŚĞŝƌ ŵĞĐŚĂŶŝĐĂů͕ ĞůĞĐƚƌŽŶŝĐ ĂŶĚ ƐŽŌǁĂƌĞ ĐŽŵƉŽŶĞŶƚƐ ʹ ĂƌĞ ĐŽŵƉůĞƚĞůǇ ŝŶǀĞŶƚĞĚ͕ ĚĞƐŝŐŶĞĚ ĂŶĚ ŵĂŶƵĨĂĐƚƵƌĞĚ ŝŶ /ƚĂůǇ ƵƐŝŶŐ ůĂƚĞƐƚ ƚĞĐŚŶŽůŽŐŝĐĂů ƐǇƐƚĞŵƐ ĂǀĂŝůĂďůĞ͘ /Ŷ ŽƵƌ ƉůĂŶƚ͕ ŚŝŐŚůǇͲƐŬŝůůĞĚ ǁŽƌŬĞƌƐ ĞŵƉůŽǇ ĐƵƫŶŐͲĞĚŐĞ ŵĂĐŚŝŶĞƌǇ ĂŶĚ ƐƵĐĐĞƐƐĨƵůůǇ ĐŽŽƉĞƌĂƚĞ ƚŽ ƌĞĂĐŚ Ă ĐŽŶƟŶƵŽƵƐ ŝŵƉƌŽǀĞŵĞŶƚ͘ WŽƌƚĂďůĞ ŵĂŐŶĞƟĐ ŚĂƌĚŶĞƐƐ ƚĞƐƚĞƌƐ KƵƌ ǁŝĚĞ ƌĂŶŐĞ ŽĨ ŝŶƐƚƌƵŵĞŶƚƐ ŝŶĐůƵĚĞƐ ƚŚĞ ĮƌƐƚ ƉŽƌƚĂďůĞ ŵĂŐŶĞƟĐ ĂŶĚ ĂƵƚŽŵĂƟĐ ŚĂƌĚŶĞƐƐ ƚĞƐƚĞƌ ĨŽƌ ZŽĐŬǁĞůů͕ ^ƵƉĞƌĮĐŝĂů ZŽĐŬǁĞůů͕ ƌŝŶĞůů ĂŶĚ sŝĐŬĞƌƐ ƚĞƐƚƐ͘ dŚĂŶŬƐ ƚŽ ŝƚƐ ŵĂŐŶĞƟĐ ĐůĂŵƉŝŶŐ ďĂƐĞ͕ ŝƚ ŝƐ ƉŽƐƐŝďůĞ ƚŽ ƉĞƌĨŽƌŵ ŽŶͲƐŝƚĞ ƚĞƐƚƐ ĚŝƌĞĐƚůǇ ŽŶ ƉŝƉĞƐ͕ ǀĂůǀĞƐ͕ ĞƚĐ͕͘ ŝŶ ĂŶǇ ĚŝƌĞĐƟŽŶ ʹ ĞǀĞŶ ǁŝƚŚ ƚŚĞ ĚĞǀŝĐĞ ƚƵƌŶĞĚ ƵƉƐŝĚĞ ĚŽǁŶ͘

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Preventing pipeline corrosion through cathodic protection Corrosion, to the point of material destruction due to environmental aggressive factors, constitutes a real threat to the pipelines. Its estimated cost can count for about 4% of an industrialized countryâ&#x20AC;&#x2122;s GDP. Only 20-30% of this quota is considered inevitable because it refers to the costs of sustainability and safety. But a considerable amount of money could be saved by avoiding structural damage and leaks. Indirect costs must be added to the calculation of costs directly related to corrosion. First of all the consumption of steel. About 40% of the steelâ&#x20AC;&#x2122;s world production, which stood at 1.691 billion tons in 2017, goes to repair corrosion damage. In addition to that, both energy consumption due to maintenance, and the costs of damages due to malfunctions and related services suspension must be added to the assessment of non-direct damages. Pipeline corrosion also increases the danger of spreading hazardous and polluting elements in the environment, particularly in the sea and in the groundwater. Corrosion can be responsible of immense tragedies. One example is the series of explosions that rocked Guadalajara, Mexico, on April 22, 1992, killing more than 200 people and making 1000 buildings collapse, originated by the corrosion of a section of the gas pipes, triggered by a leak in the overlying aqueduct. Valeria Menecchini Journalist

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During the corrosion process, the oxygen atoms join the iron forming iron oxide. Thus, any system of passive protection such as paint, zinc and plastic coatings functions as long as the entire surface remains intact. A microscopic damage is enough to start the corrosion process. More effective methods for preventing and reducing corrosion are based on the ability of metals to be immune from corrosion when they are in thermodynamic equilibrium with the material that contains it. The immunity status persists as long as the metal keeps a cathodic behavior in connection to other metals surrounding it, or to the external environment, meaning that at any point in the structure the potential is equal to or minor than the immunity threshold. This is the feature upon which cathodic protection is based. The process stems from the principle, discovered in 1824 by Humphy Davy, introducing an overvoltage that causes a variation in the potential by supplying a pair of metals with an external electric power. All this can be achieved by putting in place an electric circuit between the pipelines and the ground, such that it can provide the entire pipeline of a continuous, wandering in the ground and suitably dispersed power, making sure that the power itself will eventually leave the pipeline in specific points of return through one or more metallic conductors of the aforementioned electrical circuit. The most common applications of this technique are metal structures that can be found in the natural environment, such as transport networks, distribution and storage of gas, oil pipelines, aqueducts, oxygen pipelines, metal tanks, reinforced concrete structures, harbors and offshore structures. The system is an active one, requiring the electric power to go through the metal structure, and then be distributed. When in contact with water or soil, the electricity combines with oxygen-containing elements, making them neutral. Cathodic protection is therefore an effective and inexpensive choice.

Cathodic protection can be realized in two ways: the first, also known as galvanic coupling, uses sacrificial anodes of a less noble material and is suitable for short piping sections. The second method, that exploits a continuous power supply, is more suitable for large installations. The first method involves the use of less noble materials such as zinc, aluminum or magnesium, which acts as an anode and, once connected to the pipes through an insulated cable, is subjected to corrosion in place of the pipe. The choice of anodic materials depends both on the nature of the metal that needs to be protected and on the resistivity of the environment in which the structure is placed. The second method involves providing power, generated by a 24 Vdc power supply, this way allowing the value of the pipe / ground (or salt water) voltage to remain constant. The power supply provides direct current electricity whose voltage values must be such as not to damage the pipelineâ&#x20AC;&#x2122;s coating nor interfere with other existing structures. The negative pole is connected to the structure that needs the protection, hence becoming the cathode, while the positive pole is connected to an earth electrode sized according to the power to be supplied, to the duration, to the consumption to which it is subjected and to the resistivity of the environment. The choice of the earth electrode depends on what kind of environment weâ&#x20AC;&#x2122;re operating in, how deep, and on the goal of minimize the actions needed to guarantee its efficiency over time.

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To complete the structure, a control and management remote system can be put in place, allowing a timely intervention in case of failure and thus guarantee maximum efficiency and safety. The remote control system can be programmed in order to perform measurements of voltage and power, to store data and to send the report of the minimum, average and maximum values found on a daily basis to a central server. This control room can also periodically send a report containing all the voltage and power values recorded in one day, with a sampling interval of one second. The data collected on the server are processed by a management system that generates alarms in case of anomaly and provides statistical treatments of the structureâ&#x20AC;&#x2122;s status.

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)LOWHF D JOREDO EHQFKPDUN FRPSDQ\ LQ the plastic world &ŝůƚĞĐ ŝƐ Ă ŐůŽďĂů ďĞŶĐŚŵĂƌŬ ŝŶ ƚŚĞ ǁŽƌůĚ ŽĨ ƉůĂƐƟĐƐ ƉĞůůĞƟǌŝŶŐ͘ /ƚ ƌŽŽƚƐ ĂƌĞ ŝŶ ƚŚĞ EŽƌƚŚͲ ĂƐƚ ŽĨ /ƚĂůǇ͕ ƚŚĞ ŽƵŶƚƌǇ͛Ɛ ŵŽƐƚ ŝŶĚƵƐƚƌŝĂůŝǌĞĚ ĂƌĞĂ͕ ďƵƚ ŝƚƐ ǀŽĐĂƟŽŶ ŝƐ ŐůŽďĂů͘ &ŝůƚĞĐ ǁĂƐ ĨŽƵŶĚĞĚ ŝŶ ϭϵϵϯ͕ ďǇ ƚĞĐŚŶŝĐŝĂŶƐ ǁŝƚŚ ƐŬŝůůƐ ŝŶ ĐƵƫŶŐ ƐǇƐƚĞŵƐ ĨŽƌ ŵŽůƚĞŶ ƉůĂƐƟĐƐ͘ dŚĞŝƌ Ăŝŵ ǁĂƐ ƚŽ ĐŽŶĐĞŝǀĞ ĨĂƐƚĞƌ ĂŶĚ ŵŽƌĞ ĞĸĐŝĞŶƚ ƉƌŽĚƵĐƟŽŶ ƉƌŽĐĞƐƐĞƐ͘ dŽĚĂǇ ƚŚĞŝƌ ĐƵƫŶŐ ƐǇƐƚĞŵƐ ĂƌĞ ǀĞƌƟĐĂů Žƌ ŚŽƌŝǌŽŶƚĂů͕ ŝŶ Ăŝƌ͕ ǁĂƚĞƌ ƌŝŶŐ ĂŶĚ ƵŶĚĞƌǁĂƚĞƌ ƚǇƉĞ ʹ ƐƵŝƚĂďůĞ ĨŽƌ ĞǀĞƌǇ ƉŽůǇŵĞƌ͕ ĞǀĞŶ ƚŚĞ ŵŽƐƚ ĐƌŝƟĐĂů͘ ^ĐƌĞĞŶͲ ĐŚĂŶŐĞƌƐ͕ ǁĂƚĞƌ ĮůƚĞƌƐ͕ ŚŽƌŝǌŽŶƚĂů ĂŶĚ ǀĞƌƟĐĂů ƐƉŝŶ ĚƌǇĞƌƐ͕ ǀĞŶƚĞĚ ǀŝďƌĂƟŶŐ ƐĐƌĞĞŶƐ ĂƌĞ ĂůƐŽ ƉĂƌƚ ŽĨ ƚŚĞ ƉƌŽĚƵĐƚƐ ƌĂŶŐĞ͘ dŚĞ &ŝůƚĞĐ <ͲĨĂĐƚŽƌ ŝƐ ƚŚĞ ĐƵƐƚŽŵŝǌĂƟŽŶ ŽĨ ƚŚĞ ƉƌŽĚƵĐƚƐ ĨŽůůŽǁŝŶŐ ĞĂĐŚ ĐƵƐƚŽŵĞƌ͛Ɛ ƐƉĞĐŝĮĐ ĂŶĚ ĞǆƉĞĐƚĂƟŽŶƐ͘ &ŝůƚĞĐ ŝƐ ĐŽŶƐŝĚĞƌĞĚ ŶŽƚ ŽŶůǇ Ă ŵĂĐŚŝŶĞƐ ƉƌŽĚƵĐĞƌ͕ ďƵƚ ĂůƐŽ Ă ƌĞůŝĂďůĞ ƉĂƌƚŶĞƌ ĂďůĞ ƚŽ ĚĞǀĞůŽƉ ƉůĂŶƐ ƚŽŐĞƚŚĞƌ ǁŝƚŚ ĐƵƐƚŽŵĞƌƐ͕ ƚŚĂƚ ƚƵƌŶ ŝŶƚŽ ůŝĨĞ ƉĂƌƚŶĞƌƐ͕ ĐŽͲ ǁŽƌŬĞƌƐ ĂŶĚ ƐŚĂƌĞƌƐ ŽĨ ĞǆƉĞƌŝĞŶĐĞƐ͘ /Ŷ &ŝůƚĞĐ͕ ƚĞĐŚŶŽůŽŐǇ ŝƐ Ă ǀĞƌǇ ŝŵƉŽƌƚĂŶƚ ĂƐƉĞĐƚ͕ ďƵƚ ĂůǁĂǇƐ ŶĞǆƚ ƚŽ ƐĞƌǀŝĐĞ ĂŶĚ ŚƵŵĂŶ ĨĂĐƚŽƌ ŬĞǇ ĨĂĐƚŽƌƐ ĂƐ ŝŵƉŽƌƚĂŶƚ ĂƐ ƚŚĂƚ͘ /Ŷ &ŝůƚĞĐ ŶŽƚŚŝŶŐ ŝƐ ƚĂŬĞŶ ĨŽƌ ŐƌĂŶƚĞĚ ŝŶ ŽƌĚĞƌ ƚŽ ĮŶĚ Ă ďĞƩĞƌ ĂƉƉƌŽĂĐŚ ƚŽ ŵĂƩĞƌƐ ŽĨ ĞǀĞƌǇ ŬŝŶĚ͘ dŚĞ ƌĞƐƵůƚ ŽĨ ƐƵĐŚ ŝƐ ƐŚĂƌĞĚ ďǇ ƉĂƌƚŶĞƌƐ Ăůů ŽǀĞƌ ƚŚĞ ǁŽƌůĚ͘ &Žƌ &ŝůƚĞĐ͕ ƚŚĞ ƉĞůůĞƟǌŝŶŐ ŝƐ ŶŽƚ ũƵƐƚ ƚŚĞ ĐŽƌĞ ďƵƐŝŶĞƐƐ͕ ďƵƚ Ă ůŝĨĞ ĐŽŵŵŝƚŵĞŶƚ͗ ƚŚĂŶŬƐ ƚŽ ŵŽƌĞ ƚŚĂŶ ϭϱϬϬ ƉĞůůĞƟǌĞƌƐ ƐŽůĚ ǁŽƌůĚǁŝĚĞ͕ &ŝůƚĞĐ ŝƐ ĞŶŐĂŐĞĚ ŝŶ Ă ŵŽƌĞ ĂŶĚ ŵŽƌĞ ĞīĞĐƟǀĞ ŵĂŶĂŐŝŶŐ ŽĨ ƚŚĞ ƉůĂƐƟĐ ŵĂƚĞƌŝĂůƐ͘ &ŝůƚĞĐ͗ dƵƌŶ Ă ŶĞǁ ůĞĂĨ͕ ĚŽŶ͛ƚ ŵĂŬĞ ƚŚĞ ĐŽŶǀĞŶƟŽŶĂů ĐŚŽŝĐĞ͘ &Žƌ ŵŽƌĞ ŝŶĨŽ͗ ǁǁǁ͘ĮůƚĞĐ͘ŝƚ

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WƌŽǆŝŵĂ ^ƌů ŝƐ Ă ϯƌĚ ŐĞŶĞƌĂƟŽŶ ĐŽŵƉĂŶǇ ǁŝƚŚ ϲϬ ǇĞĂƌƐ ŽĨ ĞǆƉĞƌŝĞŶĐĞ ŝŶ ƚŚĞ ĮĞůĚ ŽĨ ĂĚŚĞƐŝǀĞ ƚĞĐŚŶŽůŽŐŝĞƐ ĨŽƌ ƚŚĞ ŝŶĚƵƐƚƌǇ ;ĂƵƚŽŵŽƟǀĞ ĂŶĚ ĐĂƌ ƌĞĮŶŝƐŚŝŶŐ͕ ŵĞƚĂů ǁŽƌŬŝŶŐ͕ ƉƌŝŶƟŶŐ͕ ĞůĞĐƚƌŽŶŝĐƐ͕ ŶĂƵƟĐĂůͿ ĂŶĚ ƚŚĞ ŽďũĞĐƟǀĞ ŽĨ ƐƵƉƉŽƌƟŶŐ ŝƚƐ ĐůŝĞŶƚƐ ƚŚƌŽƵŐŚ ƚŚĞ ƉƌŽĐĞƐƐŝŶŐ ĂŶĚ ĐƵƐƚŽŵŝǌĂƟŽŶ ŽĨ ŵĂƚĞƌŝĂůƐ͘ ^ƵƉƉŽƌƚĞĚ ďǇ ŵĂŶǇ ĐĞƌƟĮĐĂƟŽŶƐ͕ ƐƵĐŚ ĂƐ /^K ϵϬϬϭ͕ /^K ϭϰϬϬϭ ĂŶĚ / d& ϭϲϵϰϵ͕ ƚŚĞ ĐŽŵƉĂŶǇ ĐƵƌƌĞŶƚůǇ ǁŽƌŬƐ ŽŶ Ă ŶĂƟŽŶĂů ĂŶĚ ŝŶƚĞƌŶĂƟŽŶĂů ůĞǀĞů ƚŚĂŶŬƐ ƚŽ Ă ƐŽůŝĚ ĐŽŵŵĞƌĐŝĂů ŶĞƚǁŽƌŬ ŽĨ ƐĂůĞƐ ƌĞƉƌĞƐĞŶƚĂƟǀĞƐ͕ ĂŐĞŶƚƐ ĂŶĚ ĚŝƐƚƌŝďƵƚŽƌƐ͘ dŚĞ ŵĂŝŶ ďƌĂŶĚƐ ǁŝƚŚ ǁŚŝĐŚ WƌŽǆŝŵĂ ǁŽƌŬƐ ;ϯD͕ dĞƐĂ͕ EŝƩŽ͕ ,ĞŶŬĞů͕ ŽƐƚŽŶ͕ ^ĐĂƉĂͿ ĂƌĞ ĂďůĞ ƚŽ ƉƌŽǀŝĚĞ Ă ǁŝĚĞ ƌĂŶŐĞ ŽĨ ƉƌŽĚƵĐƚƐ ;ƐŝŶŐůĞ ĂŶĚ ĚŽƵďůĞ ƐŝĚĞĚ ĂĚŚĞƐŝǀĞ ƚĂƉĞƐ͕ ŐůƵĞƐ͕ ƐĞĂůĂŶƚƐ͕ ĂďƌĂƐŝǀĞƐ͕ ƌĞĐůŽƐĂďůĞ ĨĂƐƚĞŶŝŶŐ ƐǇƐƚĞŵƐ͕ &Žƌ ŵŽƌĞ ŝŶĨŽƌŵĂƟŽŶ͗ ůĂďĞůƐ͕ ƉƌŽƚĞĐƟǀĞƐ ĂŶĚ ŚĞĂƚ ƌĞŇĞĐƟŶŐ ĮůŵƐͿ ƚŚĂƚ ƉĞƌĨŽƌŵ ͲŵĂŝů ŝŶĨŽΛƉƌŽǆŝŵĂƚĂƉĞ͘ĐŽŵ ŝŶ ŵƵůƟƉůĞ ĐŽŶĚŝƟŽŶƐ ŽĨ ƚĞŵƉĞƌĂƚƵƌĞ͕ ŚƵŵŝĚŝƚǇ͕ hs tĞď ŚƩƉƐ͗ͬͬǁǁǁ͘ƉƌŽǆŝŵĂƚĂƉĞ͘ĐŽŵ ĞǆƉŽƐƵƌĞ ĂŶĚ ŵĞĐŚĂŶŝĐĂů ƐƚƌĞƐƐ͘ dŚĞ ĐƵƐƚŽŵŝǌĂƟŽŶ ŽĨ ŵĂƚĞƌŝĂůƐ ƚŚĂƚ ƚŚĞ ĐŽŵƉĂŶǇ ŽīĞƌƐ ŝĚĞŶƟĮĞƐ ŝŶ ƚĂƉĞƐ͕ ůĂďĞůƐ ĂŶĚ ƉƌŽƚĞĐƟǀĞƐ ĚŝĞͲĐƵƫŶŐ͕ ƚĂƉĞƐ ĐƵƫŶŐ͕ ƉůĂƐƟĐ ĨŽĂŵƐ ƉƵŶĐŚŝŶŐ͕ ƐƵƉƉŽƌƚƐ ůĂŵŝŶĂƟŽŶ ĂŶĚ ĂƐƐĞŵďůǇ͕ ƚĂƉĞƐ ƉƌŝŶƟŶŐ ĂŶĚ ĐŽŶƐƵůƚĂŶĐǇ ŽŶ ĂƐƐĞŵďůǇ ƐŽůƵƟŽŶƐ͘

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BLUTEK

5HOLDEOH FRPSUHVVHG DLU LQ WKH desert, Blutek case history >Ğƚ͛Ɛ ƚŚŝŶŬ ĂďŽƵƚ ƚŚĞ ŵŽƐƚ ĐŚĂůůĞŶŐŝŶŐ ĞŶǀŝƌŽŶŵĞŶƚƐ ŽŶ ĞĂƌƚŚ ƐƵĐŚ ĂƐ ĚĞƐĞƌƚ ;нϱϱΣ Ϳ͕ ĂƌĐƟĐ ĂƌĞĂƐ ;ͲϰϴΣ Ϳ Žƌ ŽīƐŚŽƌĞ ƌŝŐƐ͗ ŽŶůǇ ƌĞůŝĂďůĞ ŵĂĐŚŝŶĞƌǇ ĐĂŶ ǁŽƌŬ ŝŶ ƐƵĐŚ ŚĂƌƐŚ ĞŶǀŝƌŽŶŵĞŶƚƐ͘ ŶĚ ũƵƐƚ ƚŚĞƌĞ ǇŽƵ ĐĂŶ ĮŶĚ ůƵƚĞŬ ƉƌŽĚƵĐƚƐ ƚŚĂƚ ĂƌĞ ƚŽƚĂůůǇ ĞŶŐŝŶĞĞƌĞĚ ĨŽƌ ĂŶǇ ĂƉƉůŝĐĂƟŽŶ͘ KŶĞ ƐƵĐĐĞƐƐĨƵů ƉƌŽũĞĐƚ ǁĂƐ ĂǁĂƌĚĞĚ ŝŶ ϮϬϭϱ ĨŽƌ ƚŚĞ ^/ &/ > s >KWD Ed WZK: d ŝŶ /ƌĂƋ͘ dŚĞ ĐŽŵƉƌĞƐƐĞĚ Ăŝƌ ƉĂĐŬĂŐĞ ŚĂƐ ďĞĞŶ ĚĞƐŝŐŶĞĚ ĂŶĚ ŵĂŶƵĨĂĐƚƵƌĞĚ ĞŶƟƌĞůǇ ďǇ ůƵƚĞŬ ŝŶ /ƚĂůǇ ĂŶĚ ŝƚ ŝƐ ŶŽǁ ƐƵĐĐĞƐƐĨƵůůǇ ƌƵŶŶŝŶŐ Ϯϰͬϳ ŝŶ /ƌĂƋ͘ &Žƌ ƚŚĞ ƐĐŽƉĞ͕ ůƵƚĞŬ ƉƌŽǀŝĚĞĚ ŽŶĞ ĐŽŵƉƌĞƐƐĞĚ Ăŝƌ ƉĂĐŬĂŐĞ ǁŝƚŚ ϯ Ăŝƌ ĐŽŽůĞĚ Žŝů ĨƌĞĞ ƐĐƌĞǁ ĐŽŵƉƌĞƐƐŽƌƐ͕ ;ϭϮϬϬ EŵϯͬŚ͕ ϵ͕ϱ ďĂƌŐͿ ĂŶĚ Ϯ ŚĞĂƚůĞƐƐ ĚĞƐŝĐĐĂŶƚ ĚƌǇĞƌƐ ;ϲϱΣ ŝŶůĞƚ ƚĞŵƉĞƌĂƚƵƌĞ͕ ͲϰϬΣ ĚĞǁ ƉŽŝŶƚͿ ƐƵŝƚĂďůĞ ƚŽ ǁŽƌŬ ƉĞƌĨĞĐƚůǇ ŝŶ ƚŚĞ ĚĞƐĞƌƚ ĞŶǀŝƌŽŶŵĞŶƚ ǁŝƚŚ ƚĞŵƉĞƌĂƚƵƌĞƐ ƌĞĂĐŚŝŶŐ ƵƉ ƚŽ н ϱϱͲϲϬΣ ĂŶĚ ƐĂŶĚƐƚŽƌŵƐ͘ &Žƌ ƚŚĞ ƉƵƌƉŽƐĞ͕ >hd < ĚĞƐŝŐŶĞĚ ƐƉĞĐŝĂů ĐŽŽůĞƌƐ ƐƵŝƚĂďůĞ ĨŽƌ ƚŚĞ ĂƌĞĂ͕ ŝŶŶŽǀĂƟǀĞ ƐĞůĨͲĐůĞĂŶŝŶŐ ƉƵůƐĞũĞƚ ŝŶůĞƚ ĮůƚĞƌƐ ƚŽ ƌĞĚƵĐĞ ƚŚĞ ĐůĞĂŶŝŶŐ ŽƉĞƌĂƟŽŶ ĂŶĚ ƐƉĞĐŝĂů ƚǁŝŶ Žŝů ĮůƚĞƌƐ ƚŚĂƚ ĂůůŽǁ ƚŚĞ ĐůĞĂŶŝŶŐ ǁŝƚŚŽƵƚ ƐƚŽƉƉŝŶŐ ƚŚĞ ƵŶŝƚƐ͘ ůů ĐŽŵƉŽŶĞŶƚƐ ŚĂǀĞ ďĞĞŶ ƌĞĂůŝǌĞĚ ŝŶ ^^ϯϭϲ> ĞŶƐƵƌŝŶŐ ƚŚĞ ďĞƐƚ ĚƵƌĂďŝůŝƚǇ ŽĨ ĞĂĐŚ ƉĂƌƚ͘ dŚĞ ƐŬŝĚ ŵŽƵŶƚĞĚ D ŚĂƐ ƐŽŌ ƐƚĂƌƚĞƌ͕ ŽŵŵŽŶ ĐŽŶƚƌŽů ƉĂŶĞů W> ďĂƐĞĚ ^/>Ϯ ĂŶĚ yͺĚ͕ ƐƚĂŝŶůĞƐƐ ƐƚĞĞů ĐŽŽůĞƌƐ ĂŶĚ ƉŝƉŝŶŐ͘ ƋƵŝƉŵĞŶƚ /Θ ǁĂƐ ĨƵůůǇ ŝŶ ĐŽŵƉůŝĂŶĐĞ ĨŽƌ ŝŶƐƚĂůůĂƟŽŶ ŝŶ d y ŽŶĞ Ϯ ĂƌĞĂ ĐůĂƐƐŝĮĐĂƟŽŶ͘ >hd <͕ ĨŽƵŶĚĞĚ ŝŶ ϮϬϬϮ͕ ŝƐ ŽŶĞ ŽĨ ƚŚĞ ŵĂũŽƌ ƉůĂǇĞƌƐ ŝŶ ƚŚĞ ǁŽƌůĚ ƐƉĞĐŝĂůŝǌĞĚ ŝŶ ƚŚĞ ĚĞƐŝŐŶ ĂŶĚ ƉƌŽĚƵĐƟŽŶ ŽĨ ƚŽƚĂůůǇ ĞŶŐŝŶĞĞƌĞĚ ƚƵƌŶŬĞǇ ƉĂĐŬĂŐĞƐ ĨŽƌ ƐĞƌǀŝĐĞ Ăŝƌ͕ ŝŶƐƚƌƵŵĞŶƚ Ăŝƌ͕ ŶŝƚƌŽŐĞŶ ŐĞŶĞƌĂƟŽŶ͕ ďŝŽͲŐĂƐ ĂŶĚ ŶĂƚƵƌĂů ŐĂƐ͕ ŽīƐŚŽƌĞ ĂŶĚ ŽŶƐŚŽƌĞ͕ ĨŽƌ ĂŶǇ ĞŶǀŝƌŽŶŵĞŶƚ ĂŶĚ ĂƉƉůŝĐĂƟŽŶ͘ dŚĞ ƚŽƚĂůůǇ ĐƵƐƚŽŵŝǌĞĚ ƵŶŝƚƐ ĐĂŶ ďĞ ĚĞƐŝŐŶĞĚ ŝŶ ĂĐĐŽƌĚĂŶĐĞ ǁŝƚŚ ĂŶǇ ůŽĐĂůͬ/ŶƚĞƌŶĂƟŽŶĂů ^ƚĂŶĚĂƌĚƐ ĂŶĚ ĐĞƌƟĮĐĂƟŽŶ ;ŝ͘Ğ͘ W/ ϲϭϵ͕ /^K ϭϬϰϰϬͲϭͬϮ͕ d y͕ W/ Zϭϰ͕ EϲϬϬϯϰ͕ ^D s/// /s͘ ϭ E h ^d DW͕ W Ϳ͘ >ŽĐĂƚĞĚ ŝŶ /ƚĂůǇ͕ >hd < ŝƐ ƉƌĞƐĞŶƚ ǁŽƌůĚǁŝĚĞ ǁŝƚŚ ŝƚƐ ƐƚƌŽŶŐ ŶĞƚǁŽƌŬ ŽĨ ŐĞŶƚƐ ĂŶĚ ^ĞƌǀŝĐĞ ĞŶƚĞƌƐ͘ WůĞĂƐĞ ǀŝƐŝƚ ǁǁǁ͘ďůƵƚĞŬ͘ĞƵ

/ŵĂŐĞƐ͗ ůƵƚĞŬ ƉĂĐŬĂŐĞƐ ŝŶƐƚĂůůĞĚ Ăƚ ^ŝďĂ &ŝĞůĚ W͕ /ƌĂƋ

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INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

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BLUTEK

135

The oil and gas market in Latin America

Mauro Nogarin Journalist

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According to a recent statistical study carried out by the IOPG, Latin America produces 7.5 million barrels of oil per day, and the two leading countries are Brazil and Venezuela, followed by Mexico, Colombia and Ecuador. It should be mentioned that Venezuela owns about 18% of the world's total oil reserves, outstripping Saudi Arabia for some years now, but its constant economic and financial instability has already caused some negative effects on the efficiency of its oil infrastructure, reducing production from 3.3 MBD in 2005 to 2.4 MBD in 2016. On the other hand, Brazil’s daily output of 2.6 MBD in 2016 gave it a 35% regional share in terms of hydrocarbon production. Thanks to its moderate growth, Brazil has been able to satisfy the domestic demand for hydrocarbons, and the new fiscal policies and economic stability have help attracting foreign capital investments and strengthening the exploration of new oil wells. This is the case along the Brazilian coasts of Pre Sal, Guyana and Suriname. Overall, the current oil demand in the Latin American region has increased by a factor of four since 1970.This is very encouraging since supply and demand first converged in the 1980s, when Latin America's position as an oil exporter was in jeopardy. Soon after, new investment in exploration and production – largely in Brazil and Colombia, combined with a recovery in Venezuela – remedied that situation. Central and South America once again became a major exporter, generating significant revenues for the exporting countries while simultaneously meeting the increasing domestic demand. Meanwhile, it should also be remembered that the yield in existing oil fields is tending to diminish by about 6% per year. As for the production of natural gas in Central and South America, it has risen steadily since 1970 – until 2000 Argentina and Venezuela were the biggest producers and soon after Trinidad & Tobago and Bolivia became net exporters as well.

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

Kŝů WƌŽĚƵĐƟŽŶ͗ ƌĂǌŝů ĂŶĚ sĞŶĞǌƵĞůĂ ďŝŐŐĞƌƐ ƉƌŽĚƵĐĞƌƐ Kŝů ƉƌŽĚƵĐƟŽŶ ŝŶ ŬďĚ ďǇ ĐŽƵŶƚƌǇ ƌŐĞŶƟŶĂ

Peru

ƌĂǌŝů

dƌŝŶŝĚĂĚ Θ dŽďĂŐŽ

ŽůŽŵďŝĂ

sĞŶĞǌƵĞůĂ

ĐƵĂĚŽƌ

KƚŚĞƌ ĞŶƚƌĂů ĂŶĚ ^ŽƵƚŚ ŵĞƌŝĐĂ

ƌĂǌŝů ŬŝĐŬƐ Žī

^ŽƵƌĐĞ͗ W ^ƚĂƟƐƟĐĂů ZĞǀŝĞǁ ŽĨ tŽƌůĚ ŶĞƌŐǇ 2017

While Argentina and Venezuela accounted for more than 65% of regions gas production in 2000, this share fell to 40% in 2016. Gas demand within the region has risen by 79% since 2000 due to a constant economic growth, which has gradually required greater volumes of natural gas for power generation and to supply new petrochemical plants. Regional demand for gas in Central and South America has increased by a factor of 12 since 1970. Argentina leads the region in gas consumption, accounting for 29% of demand. Brazil and Venezuela each use 21% of the region’s gas. As for Mexico, whilst the Brownsville-Tuxpan oil pipeline is under construction, the Ministry of Energy recently estimated that 540 billion euros of investment will be needed over the next 15 years to bring production back to 2004 levels of almost 3.4 MBD. Unfortunately the first international call for tenders did not produce the desired results according to the new Mexican petroleum law, given the Mexican governmental lack of financial capacity to cope with the exploration of new offshore oil wells. This is confirmed by the recent tender of 15 blocks that has been postponed until the second half of 2018, the sixth postponement requested by the companies that are involved in the auction.

ƌĂǌŝů ƐƵƌƉĂƐƐĞƐ sĞŶĞǌƵĞůĂ

Among the p r o d u c i n g countries that have awakened the oil industry in Latin America there is definitely Colombia. Thanks to the recent discovery of 4.4 TCF of natural gas by the oil company Anadarko, Colombia has started to explore offshore deposits in 2015, which produced the first results adding new reserves of oil and gas that had reached alarming levels considering the current consumption curve. Thanks to this latest discovery the country will be able to guarantee its natural gas demand until 2027. After several years of severe economic instability, Peru has also decided to undertake a national energy plan starting this year with substantial investments aiming to stabilize the existing reserves while guaranteeing refining volumes with new plants.

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INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

The new investment plan for the next two years amounts to 18,100€ million. As for the upstream, exploration and production include the development of Z38blocks with 2,500 million euros, exploration and production of the various blocks under concession to Frontier Energy with 1,865 million euros. Block 58 was assigned to the Chinese state-owned Sinopec for 1,100€ million, block 108 to Pluspetrol for 340€ million and block 64 to Geopark for 127€ million. Investments in the midstream sector concern the construction of new pipelines in order to satisfy the central and northern areas of the country with investments of 3,000€ million, in addition to the modernization of the Norperuano pipeline with an investment of 1,610€ million. Finally, with regard to downstream, new projects include the modernization of the Talara refinery with 4,500€ million and the Pampilla refinery in Repsol with 900€ million.

INDUSTRIAL TECHNOLOGY editorial office

PROCESS

ULTRA POMPE

Ultra Pompe: Our history Our strength h>dZ WKDW ^͘ƌ͘ů͕͘ ĨŽƵŶĚĞĚ ŝŶ ϭϵϱϳ͕ ǁĂƐ ŽŶĞ ŽĨ ƚŚĞ ĮƌƐƚ /ƚĂůŝĂŶ ĮƌŵƐ ƚŚĂƚ ĐŽŵƉůĞƚĞůǇ ĚĞƐŝŐŶ͕ ƉƌŽĚƵĐĞ ĂŶĚ ƚĞƐƚ ĞǆƚĞƌŶĂů ŐĞĂƌ ƉƵŵƉƐ ŝŶ ŝƚƐ ŽǁŶ ǁŽƌŬƐŚŽƉƐ͘ h>dZ ͛Ɛ ƐƵĐĐĞƐƐ ŝƐ ďĂƐĞĚ ŽŶ ƐĂƟƐĨǇŝŶŐ ĐƵƐƚŽŵĞƌ ƌĞƋƵŝƌĞŵĞŶƚ ƚŚƌŽƵŐŚ ĞĸĐŝĞŶƚ ŵĂŶƵĨĂĐƚƵƌŝŶŐ ĂŶĚ ďǇ ƉƌŽǀŝĚŝŶŐ ƋƵĂůŝƚǇ ƉƌŽĚƵĐƚƐ ĂŶĚ ĐŽŵƉĞƟƟǀĞ ƉƌŝĐŝŶŐ͘ h>dZ WKDW ŬŶŽǁ ŚŽǁ ĂŶĚ ĞǆƉĞƌŝĞŶĐĞ ŚĂƐ ďĞĞŶ ŚĂŶĚĞĚ ĚŽǁŶ ĨƌŽŵ ŽŶĞ ŐĞŶĞƌĂƟŽŶ ƚŽ ƚŚĞ ŶĞǆƚ͘ ƵĞ ƚŽ ƚŚŝƐ ƌĞĂƐŽŶ ƚŚĞǇ ŚĂǀĞ ĂĐĐƵŵƵůĂƚĞĚ Ă ůŽƚ ŽĨ ĚŝƌĞĐƚ ĞǆƉĞƌŝĞŶĐĞ ŝŶ ƚŚĞ ůĂƐƚ ƐŝǆƚǇ ǇĞĂƌƐ͘ h>dZ WKDW ŵĂŝŶƚĂŝŶƐ Ă ůĂƌŐĞ ŝŶǀĞŶƚŽƌǇ ŽĨ ƐƚĂŶĚĂƌĚ ƐƉĂƌĞ ƉĂƌƚƐ ĂŶĚ ƵŶĂƐƐĞŵďůĞĚ ƉƵŵƉƐ ŝŶ ŝƚƐ ŽǁŶ ƐƚŽĐŬ͕ ĂůůŽǁŝŶŐ ƵƐ ƚŽ ƋƵŝĐŬůǇ ƉƌŽǀŝĚĞ ĐŽŵƉůĞƚĞ ƉƵŵƉƐ Žƌ ƌĞƉůĂĐĞŵĞŶƚ ƐƉĂƌĞ ƉĂƌƚƐ ĨŽƌ ĐƵƐƚŽŵĞƌ ĞŵĞƌŐĞŶĐǇ͘ ŽŵƉĂĐƚ ĞŶŽƵŐŚ ƚŽ ƋƵŝĐŬůǇ ƉƌŽǀŝĚĞ ŝŶŶŽǀĂƟǀĞ ĐƵƐƚŽŵ ĚĞƐŝŐŶƐ͕ ďƵƚ ůĂƌŐĞ ĞŶŽƵŐŚ ƚŽ ŵĂŶƵĨĂĐƚƵƌĞ ŚŝŐŚ ǀŽůƵŵĞƐ ŝŶ Ă ƐŚŽƌƚ ƟŵĞ͕ hůƚƌĂ WŽŵƉĞ ŝŶǀĞƐƚƐ ĞǀĞƌǇ ǇĞĂƌ ŝŶ ŶĞǁ ƚĞĐŚŶŽůŽŐǇ ĨŽƌ ƚŚĞ ĂƵƚŽŵĂƟǌĂƟŽŶ ŽĨ ŝƚƐ ƉƌŽĚƵĐƟŽŶ ůŝŶĞƐ͘ ƚ ƚŽĚĂǇ͕ ĞĂĐŚ ŵĂĐŚŝŶĞƌǇ ŝŶ ŽƵƌ ĨĂĐƚŽƌǇ ŚĂƐ Ăƚ ůĞĂƐƚ ŽŶĞ ĂƵƚŽŵĂƟĐ ďĂĐŬƵƉ ŝŶ ĂĚĚŝƟŽŶ ƚŽ ŽŶĞ ĐŽŶƚƌŽůůĞĚ ŵĂŶƵĂůůǇ͘ dŚŝƐ ĂůůŽǁƐ ƵƐ ƚŽ ĂǀŽŝĚ ĂŶǇ ƉƌŽĚƵĐƟŽŶ ĚĞůĂǇƐ ĐĂƵƐĞĚ ďǇ ŵĂĐŚŝŶĞƌǇ ĐƌĂƐŚĞƐ ĂŶĚ ƚŽ ŵĞĞƚ ƉƌŽŵŝƐĞĚ ĚĞůŝǀĞƌǇ͘ h>dZ WKDW ĐĂƌƌŝĞƐ ŽŶ ŝŶ ŝƚƐ ŽǁŶ ƉƌĞŵŝƐĞƐ ƚŚĞ ǁŚŽůĞ ŽĨ ŵĞĐŚĂŶŝĐĂů ƉƌŽĐĞƐƐŝŶŐ͕ ŐĞĂƌ ĐƵƫŶŐ ŝŶĐůƵĚĞĚ͕ ƚŚƵƐ ĂĐŚŝĞǀŝŶŐ ĂŶ ƵŶƉĂƌĂůůĞůĞĚ ƋƵĂůŝƚǇ ƐƚĂŶĚĂƌĚ ŽĨ ƚŚĞ ĮŶŝƐŚĞĚ ƉƌŽĚƵĐƚƐ͘ ŽŶƟŶƵĂůůǇ ƵƉĚĂƟŶŐ ŽƵƚ ƚĞĐŚŶŽůŽŐǇ ĂŶĚ ƉƌŽĚƵĐƚƐ ĚĞƐŝŐŶƐ ĂůůŽǁƐ h>dZ WKDW ƚŽ ƉƌŽǀŝĚĞ ƚŚĞ ƌŝŐŚƚ ŐĞĂƌ ƉƵŵƉ Žƌ ƐǇƐƚĞŵ ĨŽƌ Ă ǀĂƌŝĞƚǇ ŽĨ ƉƌŽĐĞƐƐĞƐ ĂŶĚ ůŝƋƵŝĚ͕ ƐĞŵŝͲŇƵŝĚ Žƌ ĞŵƵůƐŝŽŶƐ͘ hƐŝŶŐ ŽĨ hE/ͬ/^Kͬ E^/ͬ /EͬD ĚŝŵĞŶƐŝŽŶ ƐŝŐŶŝĮĐĂŶƚůǇ ŝŶĐƌĞĂƐĞ ƚŚĞ ƉŽƐƐŝďŝůŝƚǇ ƉƌŽƉĞƌƟĞƐ ŽĨ ĚĞůŝǀĞƌǇ ƌĞƉĞĂƚĂďŝůŝƚǇ͘ 'ĞĂƌ ƉƵŵƉƐ͕ ďĞŝŶŐ ƚŽ ŵĞĞƚ Ăůů ĐƵƐƚŽŵĞƌ ƌĞƋƵĞƐƚƐ͘ ƌŽƚĂƌǇ ǀŽůƵŵĞƚƌŝĐ ƉƵŵƉƐ͕ ĂƌĞ ƚŚĞ ďĞƐƚ ŵĞƚĞƌŝŶŐ ƉƵŵƉƐ͕ ƐŝŶĐĞ ƚŚĞŝƌ ĚĞůŝǀĞƌǇ ĚĞƉĞŶĚƐ ĚŝƌĞĐƚůǇ ŽŶ ƚŚĞ ƌĞǀŽůƵƟŽŶƐ Ŷ ŝŶƚĞƌŶĂƟŽŶĂů ĐŽŵŵĞƌĐŝĂů ŶĞƚǁŽƌŬ͘ ĞĐŽŵŝŶŐ Ă h>dZ WKDW ĞĂůĞƌ ŵĞĂŶƐ ũŽŝŶŝŶŐ Ă ƌĂƚĞ͘ ůƐŽ ŐĞĂƌ ƉƵŵƉƐ ǁŝůů ŶŽƚ ŐĞŶĞƌĂƚĞ ŇŽǁ ƉƵůƐĂƟŽŶƐ͕ ƋƵĂůŝĮĞĚ ƚĞĂŵ ƚŚĂƚ ďĞůŽŶŐƐ ƚŽ Ă ĐŽŵƉĂŶǇ ƚŚĂƚ ŝƐ Ă ůĞĂĚĞƌ ĂƐ ƐƚĂŶĚĂƌĚ ŵĞƚĞƌŝŶŐ ƉƵŵƉƐ ĚŽ͕ ŵĂŬŝŶŐ ƚŚĞ ŵĞĚŝĂ ŇŽǁ ŝŶ ŝƚƐ ŝŶĚƵƐƚƌǇ ĂŶĚ ƚŚĂƚ ŝƐ ƐĞƚ ŽŶ ƌĞĂĐŚŝŶŐ ŶĞǁ ŵĂƌŬĞƚƐ ĐŽŶƐƚĂŶƚ͘ ƚŚƌŽƵŐŚ Ă ŶĞƚǁŽƌŬ ŽĨ ƐĞůĞĐƚ ĐŽŵŵĞƌĐŝĂů ƉĂƌƚŶĞƌƐ͘ h>dZ WKDW ŽīĞƌƐ ĞǆĐůƵƐŝǀĞ ƉƌŽĚƵĐƚƐ ďĂƐĞĚ ŽŶ Ă ƚĞƐƚĞĚ D /E WW>/ d/KE^ ƚĞĐŚŶŽůŽŐǇ͕ ĂŶ ŝŶƚĞƌŶĂƟŽŶĂůůǇ ƌĞĐŽŐŶŝǌĞĚ ƚƌĂĚĞŵĂƌŬ ĂŶĚ >ƵďĞ Žŝů WƵŵƉƐ Ă ƌŝĐŚ ůĞŐĂĐǇ ŽĨ ƚĞĐŚŶŝĐĂů ĞǆƉĞƌƟƐĞ͘ tĞ ĂƌĞ ůŽŽŬŝŶŐ ĨŽƌ &ƵĞů WƵŵƉƐ ĐŽŵŵĞƌĐŝĂů ƉĂƌƚŶĞƌƐ ƚŽ ŐƌŽǁ ŝŶ DŝĚĚůĞ ĂƐƚ͕ EŽƌƚŚ ĨƌŝĐĂ ŚĞŵŝĐĂůƐ WƵŵƉƐ ŝƚƵŵĞŶ WƵŵƉƐ ĂŶĚ ĂƐƚ ƐŝĂ͘ h>dZ WKDW ŽīĞƌƐ ŝƚƐ ƉĂƌƚŶĞƌƐ Ă ĐŽŵŵĞƌĐŝĂů ĂŶĚ &ŽĂŵ WƵŵƉƐ ƚĞĐŚŶŝĐĂů ƚƌĂŝŶŝŶŐ ďŽƚŚ ĨŽƌ ƐĂůĞƐ ĂŶĚ ƐĞƌǀŝĐŝŶŐ ĂŶĚ Ă ǀĂƌŝĞƚǇ ŽĨ ĐŽŶƚĂĐƚ ĐŚĂŶŶĞůƐ͗ ƌĂƉŝĚ ƐƵƉƉŽƌƚ ďǇ ƉŚŽŶĞ ĂŶĚ ǀŝĂ ĞͲŵĂŝů ĨŽƌ ƋƵŽƚĂƟŽŶƐ͕ ƐĞůĞĐƟŽŶƐ ĂŶĚ ƉƌĞͲ ĂŶĚ ĂŌĞƌͲ ƐĂůĞƐ ƐĞƌǀŝĐŝŶŐ͘ s E ' 'ĞĂƌ ƉƵŵƉƐ ŶĞĞĚ Ă ůĞƐƐĞƌ EW^, ĂŶĚ ŚĂǀĞ ďĞƩĞƌ

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INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

ULTRA POMPE Srl

AdverTime

PROCESS

CST SRL

Compression Service Technology Your rotating equipment experts Acoustical analysis in case of YLEUDWLRQ SUREOHPV

Torsional analysis in case of FRXSOLQJ failures

&URVVKHDG tightening improvement in case of unattended loosening

9DOYH FRYHUV FDJHV uprating to reduce pressure losses and increase sealing reliability

Mechanical analysis in case of VXSSRUW RU SLSH IDLOXUHV Alternate load evaluation in case of IRXQGDWLRQ problems

%HDULQJV From old technology (solid Brass + White Metal) to thin trimetallic for cost reduction and lubrication reliability

,QVWUXPHQWDWLRQ upgrade to improve machine reliability and introduce an 50 ' program

Uprate of cylinders and pistons to achieve different WKURXJKSXW

Cylinder and packing OXEULFDWLRQ V\VWHP upgrade

&DSDFLW\ FRQWURO V\VWHP XSJUDGH to optimize compressor load step and efficiency

3LVWRQ DQG ULGHU ULQJV material upgrade in case of short life

͘^͘d͘ ŵĂŝŶƚĞŶĂŶĐĞ ĐŽŶƐƵůƚĂŶĐǇ ƐĞƌǀŝĐĞ ƉŽƌƞŽůŝŽ ͘^͘d͘ ǁĂƐ ĨŽƵŶĚĞĚ ŝŶ &ůŽƌĞŶĐĞ͕ /ƚĂůǇ͕ ŝŶ ϮϬϬϮ͕ ǁĂƐ ŝŶŝƟĂůůǇ ĐŽŵƉŽƐĞĚ ŽĨ ũƵƐƚ ĨŽƵƌ ƉĞŽƉůĞ ĂŶĚ ǁŽƌŬĞĚ ĂƐ Ă ƐĞƌǀŝĐĞ ĞŶŐŝŶĞĞƌŝŶŐ ƉƌŽǀŝĚĞƌ ĨŽƌ ĂŶ /ƚĂůŝĂŶ K͘ ͘D͕͘ ŵĂŝŶůǇ ĨŽƌ ƌĞĐŝƉƌŽĐĂƟŶŐ ĐŽŵƉƌĞƐƐŽƌƐ͘ dŚĞ ĮƌƐƚ ƚƵƌŶͲĂƌŽƵŶĚ ĨŽƌ ƚŚĞ ĐŽŵƉĂŶǇ ŚĂƉƉĞŶĞĚ ŝŶ ϮϬϬϰ ǁŚĞŶ ǁĞ ƐƚĂƌƚĞĚ ƚŚĞ ƉƌŽĐĞƐƐ ƚŽ ƚƌĂŶƐŝƟŽŶ ŝŶƚŽ ďĞŝŶŐ ĂŶ ŝŶĚĞƉĞŶĚĞŶƚ ƐĞƌǀŝĐĞ ĞŶŐŝŶĞĞƌŝŶŐ ƉƌŽǀŝĚĞƌ͘ KŶĞ ŽĨ ŽƵƌ ĮƌƐƚ ĞŶĚĞĂǀŽƌƐ ǁĂƐ ƚŽ ƐĞƚ ƵƉ Ă ƌĞŵŽƚĞ ŵŽŶŝƚŽƌŝŶŐ ĂŶĚ ĚŝĂŐŶŽƐƟĐ ƐĞƌǀŝĐĞ ĨŽƌ ƌĞĐŝƉƌŽĐĂƟŶŐ ĐŽŵƉƌĞƐƐŽƌƐ͘ dŚĞŶ͕ ŝŶ ϮϬϬϱ ǁĞ ƐƚĂƌƚĞĚ ǁŝƚŚ ŽƵƌ ĚĞƐŝŐŶ ŽĨ ŵĂĐŚŝŶĞ ĐŽŵƉŽŶĞŶƚƐ͕ ŵĂŝŶůǇ ƐƟůů ĨŽƌ ƌĞĐŝƉƌŽĐĂƟŶŐ ĐŽŵƉƌĞƐƐŽƌƐ͘ ĨĞǁ ǇĞĂƌƐ ůĂƚĞƌ ƚŚĞ ĐŽŵƉĂŶǇ ĚĞƐŝŐŶĞĚ ŝƚƐ ĮƌƐƚ ĐŽŵƉƌĞƐƐŝŽŶ ƉĂĐŬĂŐĞ ĨŽƌ ƵŶĚĞƌŐƌŽƵŶĚ ƐƚŽƌĂŐĞ ŽĨ ŶĂƚƵƌĂů ŐĂƐ͘ tŚŝůĞ Ăƚ ĮƌƐƚ ǁĞ ƵƐĞĚ ĞǆŝƐƟŶŐ ƐŝŵƵůĂƟŽŶ ƐŽŌǁĂƌĞ ĨŽƌ ĐŽŵƉŽŶĞŶƚ ĚĞƐŝŐŶ͕ ĂƌŽƵŶĚ ϮϬϭϬ ǁĞ ƐƚĂƌƚĞĚ ƚŽ ĚĞǀĞůŽƉ ŽƵƌ ŽǁŶ ƉƌŽƉƌŝĞƚĂƌǇ ƐŽŌǁĂƌĞ ĨŽƌ ƉĞƌĨŽƌŵĂŶĐĞ ƐŝŵƵůĂƟŽŶ͕ ĨŽůůŽǁĞĚ ďǇ ƐŽŌǁĂƌĞ ĨŽƌ ƉƌĞƐƐƵƌĞ ƉƵůƐĂƟŽŶ͕ ǀŝďƌĂƟŽŶ͕ ĂŶĚ ƌŽƚŽƌͲĚǇŶĂŵŝĐ ĂŶĂůǇƐĞƐ ;ŝŶĐůƵĚŝŶŐ ƚŽƌƐŝŽŶĂů͕ ůĂƚĞƌĂů͕ ŵŽĚĂů ĂŶĚ ƐƚĂďŝůŝƚǇ ĂŶĂůǇƐŝƐͿ͘ dŽĚĂǇ͕ǁĞ ĞŵƉůŽǇƐ ĂůƐŽ

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INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

&ŝŶŝƚĞ ůĞŵĞŶƚ ŶĂůǇƐŝƐ ;& Ϳ͕ ŽŵƉƵƚĂƟŽŶĂů &ůƵŝĚ ǇŶĂŵŝĐƐ ; & Ϳ͕ &ůƵŝĚͲ^ƚƌƵĐƚƵƌĞ /ŶƚĞƌĂĐƟŽŶ ;&^/Ϳ͕ ĨĂŝůƵƌĞ ŵŽĚĞ ĂŶĂůǇƐŝƐ͕ ĂĐŽƵƐƟĐ ƐƚƵĚŝĞƐ͕ ďĞĂƌŝŶŐ ƐƚƌĞƐƐ ĂŶĂůǇƐŝƐ͕ ĂŶĚ ǀŝƌƚƵĂů ƉƌŽƚŽƚǇƉŝŶŐ͘ ŶŽƚŚĞƌ ŵŝůĞƐƚŽŶĞ ǁĂƐ ƐĞƚ ŝŶ ϮϬϭϭ͕ ǁŚĞŶ ͘^͘d͘ ƐƚĂƌƚĞĚ ŝƚƐ ŽŶƐƵůƚĂƟǀĞ ^ĞƌǀŝĐĞƐ ĂŶĚ dƌŽƵďůĞƐŚŽŽƟŶŐ ĨŽƌ ƚƵƌďŽŵĂĐŚŝŶĞƌǇ͘ dŚĞƐĞ ŝŶĐůƵĚĞ ĐĞŶƚƌŝĨƵŐĂů ĐŽŵƉƌĞƐƐŽƌƐ͕ ƐƚĞĂŵ ĂŶĚ ŐĂƐ ƚƵƌďŝŶĞƐ ĂŶĚ ĐĞŶƚƌŝĨƵŐĂů ƉƵŵƉƐ͕ ǁŚŝĐŚ ƐŽŽŶ ďƌŽƵŐŚƚ ƵƐ ĂůƐŽ ƚŽ ƚŚĞ ĚĞƐŝŐŶ ŽĨ ŵĂĐŚŝŶĞ ĐŽŵƉŽŶĞŶƚƐ ĨŽƌ ĐĞŶƚƌŝĨƵŐĂů ĐŽŵƉƌĞƐƐŽƌƐ͘ dŚĞ ůĂƚĞƐƚ ƐƚĞƉ ǁĂƐ ƚŽ ĂĚĚ ƚŽ ƚŚĞ ĐŽŵƉĂŶǇ͛Ɛ ĐŽŵƉĞƚĞŶĐĞƐ ĂůƐŽ ƚŚĞ ĚĞƐŝŐŶ ĂŶĚ ĞǆĞĐƵƟŽŶ ŽĨ ĐŽŵƉůĞƚĞ ĐŽŵƉƌĞƐƐŽƌ ƐǇƐƚĞŵ ƉƌŽũĞĐƚƐ͘ dŚŝƐ ƐĞƌǀŝĐĞ ŝƐ ĐŽŵƉƌĞŚĞŶƐŝǀĞ ŽĨ ĞŶŐŝŶĞĞƌŝŶŐ͕ ǁŝƚŚ ƉŝƉŝŶŐ ĂĐŽƵƐƟĐĂů ĂŶĚ ƐƚƌƵĐƚƵƌĂů ƐƚƵĚŝĞƐ͕ ŝŶƐƚƌƵŵĞŶƚĂƟŽŶ ĂŶĚ ĐŽŶƚƌŽů͕ ƵƉ ƚŽ ŵĂƚĞƌŝĂů ƌĞƋƵŝƐŝƟŽŶ͕ ƉƌŽĐƵƌĞŵĞŶƚ ƐƉĞĐŝĮĐĂƟŽŶ͕ ďŝůů ŽĨ ŵĂƚĞƌŝĂů ; ŽDͿ͕ ďĂůĂŶĐĞ ŽĨ ƉůĂŶƚ ; ŽWͿ͕ ƚĞƐƟŶŐ ĂŶĚ ƐƵƉĞƌǀŝƐŝŽŶ͕ ĂŶĚ ƚŽƚĂů ƉƌŽũĞĐƚ ŵĂŶĂŐĞŵĞŶƚ͘ KƵƌ ĐŽŵƉĂŶǇ ŝƐ ƉƌĞƐĞŶƚůǇ ŵĂĚĞ ďǇ ĨŽƵƌ ŵĂŝŶ ĚŝǀŝƐŝŽŶƐ͗ DĂĐŚŝŶĞ ĚĞƐŝŐŶ͕ ^ǇƐƚĞŵ ĞŶŐŝŶĞĞƌŝŶŐ ĂŶĚ ĐŽŶƐƚƌƵĐƟŽŶ͕

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CST SRL

^ĞƌǀŝĐĞ ĂŶĚ ZĞŵŽƚĞ ŝĂŐŶŽƐƟĐ ĂŶĚ ZĞƐĞĂƌĐŚ ĂŶĚ ĞǀĞůŽƉŵĞŶƚ͘ dŚĂŶŬƐ ĂůƐŽ ƚŽ ƚŚĞ ŝŶƚĞŐƌĂƟŽŶ ǁŝƚŚ ŚŝŐŚůǇ ƋƵĂůŝĮĞĚ ƉĂƌƚŶĞƌƐ͕ ƚĞĐŚŶŝĐĂů ƵŶŝǀĞƌƐŝƟĞƐ͕ ŚŝŐŚͲ ƉĞƌĨŽƌŵĂŶĐĞ ĐŽŵƉƵƟŶŐ ĐĞŶƚĞƌƐ͕ ĂŶĚ ŝŶƚĞƌŶĂƟŽŶĂů ƌĞŐƵůĂƚŽƌǇ ďŽĚŝĞƐ͕ ŶŽǁĂĚĂǇƐ ͘^͘d͘ ŝƐ ĐĂƉĂďůĞ ŽĨ ŽīĞƌŝŶŐ

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INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

ĨƵůůͲƐĐŽƉĞ ĐƵƐƚŽŵĞƌ ƐƵƉƉŽƌƚ ĨƌŽŵ ƚŚĞ ĐŽŶĐĞƉƚƵĂů ĚĞƐŝŐŶ ƚŽ ƚŚĞ ĮŶĂů ƉƌŽũĞĐƚ ĞǆĞĐƵƟŽŶ͕ ĂŶĚ ŽŶ ƚŽ ƚƌŽƵďůĞƐŚŽŽƟŶŐ͕ ƌĞŵŽƚĞ ŵŽŶŝƚŽƌŝŶŐ ĂŶĚ ĚŝĂŐŶŽƐƟĐ͕ ƌĞǀĂŵƉŝŶŐ͕ ĐŽŶǀĞƌƐŝŽŶƐ͕ ƵƉŐƌĂĚĞƐ͕ ĂƐƐĞƚ ůŝĨĞĐǇĐůĞ ŵĂŶĂŐĞŵĞŶƚ͕ ƐŝƚĞ ƐĞƌǀŝĐĞ ĂŶĚ ĮĞůĚ ƐƵƉĞƌǀŝƐŝŽŶ͘ /Ŷ ƚŚĞ ƐƉĂŶ ŽĨ ϭϱ ǇĞĂƌƐ ͘^͘d͘ ŚĂƐ ƚƌĂŶƐĨŽƌŵĞĚ ĨƌŽŵ Ă ůŽĐĂů ŵĂŝŶƚĞŶĂŶĐĞ ĞŶŐŝŶĞĞƌŝŶŐ ƉƌŽǀŝĚĞƌ͕ ŝŶƚŽ ĂŶ ŝŶƚĞƌŶĂƟŽŶĂů ƉůĂǇĞƌ ĨŽƌ ĐƌŝƟĐĂů ŵĂĐŚŝŶĞ ĂƉƉůŝĐĂƟŽŶƐ ŝŶ ƚŚĞ Kŝů Θ 'ĂƐ ĂŶĚ ŽƚŚĞƌ ŝŶĚƵƐƚƌŝĂů ƐĞĐƚŽƌƐ͘ dŚĞ ŽŵƉĂŶǇ ƐƚĂī ŝƐ ŶŽǁĂĚĂǇƐ ŽĨ ĂďŽƵƚ ϱϬ ƉĞŽƉůĞ ĂŶĚ ǁŚŝůĞ Ăƚ ƚŚĞ ďĞŐŝŶŶŝŶŐ ƚŚĞ ĐŽŵƉĂŶǇ ďƵƐŝŶĞƐƐ ǁĂƐ ĂůŵŽƐƚ ϵϬй ŝŶ /ƚĂůǇ͕ ŝŶ ƚŚĞ ŶĞǆƚ ǇĞĂƌ ͘^͘d͘ ĞǆƉĞĐƚƐ ƚŽ ƌĞĂĐŚ ϱϬй ŽĨ ƐĂůĞƐ ĨƌŽŵ ĨŽƌĞŝŐŶ ŵĂƌŬĞƚƐ͕ ŽīĞƌŝŶŐ Ă ƋƵŝĐŬ ŵŽďŝůŝǌĂƟŽŶ ĐĂƉĂďŝůŝƚǇ ĨŽƌ ĂŶǇ ƉƌŽũĞĐƚ Ăůů ĂƌŽƵŶĚ ƚŚĞ ǁŽƌůĚ͘ KƵƌ ĐůŝĞŶƚƐ ĐŽŵĞ ƚŽĚĂǇ ĨƌŽŵ Ă ǁŝĚĞ ƌĂŶŐĞ ŽĨ ŝŶĚƵƐƚƌŝĞƐ ŝŶĐůƵĚŝŶŐ DĂĐŚŝŶĞƌǇ ĂŶĚ ĞƋƵŝƉŵĞŶƚ K DƐ͕ ƋƵŝƉŵĞŶƚ WĂĐŬĂŐĞƌƐ͕ W ŽŶƚƌĂĐƚŽƌƐ͕ ŶĚ hƐĞƌƐ͕ ^ĞƌǀŝĐĞ ŽŵƉĂŶŝĞƐ͘ tĞ ƚŚŝŶŬ ƚŚĂƚ ƚŚĞ ŵĂŝŶ ƌĞĂƐŽŶ ŽĨ ƚŚĞ ƐƵĐĐĞƐƐ ŽĨ ^d ƐƚĂǇƐ ŝŶ ƚŚĞ ĐĂƉĂďŝůŝƚǇ ƚŽ ǁŽƌŬ ŽŶ ƚŚĞ ĐŽŵƉůĞƚĞ ŵĂĐŚŝŶĞƌǇ ĐǇĐůĞ͕ ǁŚŝĐŚ ĂůůŽǁƐ ƚŚĞ ĐŽŶƟŶƵŽƵƐ ƚƌĂŶƐĨĞƌ ŽĨ ƚŚĞ ĮĞůĚ ĞǆƉĞƌŝĞŶĐĞ ƚŽ ƚŚĞ ŶĞǁ ĚĞƐŝŐŶ ĂŶĚ ǀŝĐĞ ǀĞƌƐĂ ƚŚĞ ƉŽƐƐŝďŝůŝƚǇ ƚŽ ĨĂĐĞ ƚŚĞ ĮĞůĚ ƉƌŽďůĞŵƐ ǁŝƚŚ ƚŚĞ ĚĞƐŝŐŶ ĐŽŵƉĞƚĞŶĐĞ͘

ExxonMobil Starts New Unit to Increase Ultra-Low Sulfur Fuels Production

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PRESS

SPRING, Texas 26 September 2018- ExxonMobil said today that a new unit at its integrated Beaumont, Texas facility has started operations, increasing production of ultra-low sulfur fuels by about 45,000 barrels per day. The new unit relies on a proprietary catalyst system developed by ExxonMobil to remove sulfur and meet U.S. Environmental Protection Agency specifications while minimizing octane loss. The addition of the new unit, ExxonMobil’s second major investment in Beaumont in less than two years, has supported more than 800 construction jobs. In 2016, the company increased the capacity of an existing crude unit by 20,000 barrels per day and added the flexibility to process light crudes. Both projects are components of ExxonMobil’s Growing the Gulf initiative. “Our latest investment in Beaumont will produce cleaner, higher-value products using unique and efficient proprietary catalysts and processes,” said Bryan W. Milton, president ExxonMobil Fuels & Lubricants Company. “The new unit at Beaumont will further enhance our competitiveness and strengthen ExxonMobil’s position as a leader among Gulf Coast refiners.” The company is expanding its polyethylene manufacturing capacity by 650,000 tonnes per year by 2019 and is proceeding with front-end engineering, design and other preparatory work to further increase the refinery’s crude refining capacity. Construction of the new crude unit, which is subject to a final investment decision, is scheduled to begin in 2019, with startup anticipated by 2022. The Beaumont facility has logistics advantages because of its proximity to nearby terminals, railways, pipelines and waterways. It also will benefit from Permian production growth. More than 2,000 employees support its refining and chemical manufacturing operations. The abundance of domestically produced oil and natural gas has dramatically reduced energy costs and created new sources of feedstock for U.S. refining and chemical manufacturing.

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

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7KH %UDQG RI 6SHFLDO &DEOHV PDGH LQ ,WDO\ RSHQV RƯFHV LQ 'XEDL South ^ƉĞĐŝĂů ĂďůĞƐ ǇŽƵ ĐĂŶ ƚƌƵƐƚ ZĂŵĐƌŽ Ɛ͘Ɖ͘Ă͘ ŝƐ ĂŶ /ƚĂůŝĂŶ ĨĂŵŝůǇ ĐŽŵƉĂŶǇ͕ ƉƌŽĚƵĐŝŶŐ ŚŝŐŚ ƋƵĂůŝƚǇ ƐƉĞĐŝĂů ĐĂďůĞƐ ĂŶĚ ĐŽǀĞƌŝŶŐ ǁŽƌůĚǁŝĚĞ ŵĂƌŬĞƚƐ ĨƌŽŵ ŽǀĞƌ ϯϱ ǇĞĂƌƐ͘ >ĞĂĚĞĚ ďǇ ŝƚƐ K͕ Dƌ͘ ĂƌůŽ ƌŽĐŝ͕ ƚŚĞ ŽŵƉĂŶǇ ŚĂƐ ĞǆƉĂŶĚĞĚ ƉƌŽŐƌĞƐƐŝǀĞůǇ ƚŚĞ ďƵƐŝŶĞƐƐ͕ ŝŶǀĞƐƟŶŐ ŝŶ ƐŬŝůůĞĚ ƉĞŽƉůĞ͕ ŶĞǁ ĞƋƵŝƉŵĞŶƚ͕ ĮƌƐƚ ƋƵĂůŝƚǇ ƌŽǁ ŵĂƚĞƌŝĂůƐ ĂŶĚ ŝŶŶŽǀĂƟŽŶ͘ dŽĚĂǇ ZĂŵĐƌŽ ^Ɖ ŝƐ ŽŶĞ ŽĨ ƚŚĞ ŵŽƐƚ ƐƵĐĐĞƐƐĨƵů ^ƉĞĐŝĂů ĂďůĞƐ ŵĂŶƵĨĂĐƚƵƌĞƌ ŝŶ ƵƌŽƉĞ ĂŶĚ ŽŶĞ ŽĨ ƚŚĞ ŵŽƐƚ ǁĞůůŬŶŽǁŶ ďƌĂŶĚ ŝŶ ƚŚĞ tŽƌůĚ͘ dŚĞ ŬĞǇ ĨĂĐƚŽƌƐ ŽĨ ZĂŵĐƌŽ ƐƵĐĐĞƐƐ ĂƌĞ ŵƵůƟƉůĞ ďƵƚ ƚŚĞƐĞ ĐĂŶ ďĞ ďƌŝĞĨ ŝŶ ƚŚĞ ĐĂƉĂďŝůŝƚǇ ƚŽ ŚĂǀĞ Ă ůĂƌŐĞ ĐĂďůĞƐ ŽƉƟŽŶƐ͕ Ă ƐƵƉĞƌŝŽƌ ƚƌƵƐƚĂďůĞ ĐĂďůĞƐ ƋƵĂůŝƚǇ ĂŶĚ Ă ĚĞĞƉ ŵĂƌŬĞƚ ƉƌĞƐĞŶĐĞ͘ Ɛ Ă ŵĂƩĞƌ ŽĨ ĨĂĐƚ ZĂŵĐƌŽ ŝƐ ĚŝƐƚƌŝďƵƚĞĚ ŝŶ ŵŽƌĞ ƚŚĂŶ ϰϬ ŽƵŶƚƌŝĞƐ ĂŶĚ ŚĂƐ ĚŝƌĞĐƚ ŽĸĐĞƐ ƉƌĞƐĞŶĐĞ ŝŶ ĚŝīĞƌĞŶƚ ƌĞĂƐ͕ ƚŚĞ ŵŽƐƚ ƌĞĐĞŶƚ ŽŶĞ ŝƐ ƚŚĞ ĐŽŵƉĂŶǇ ZĂŵĐƌŽ D E t Ͳ>> ůŽĐĂƚĞĚ ŝŶ ƵďĂŝ tŽƌůĚ ĞŶƚƌĂů͕ h ͘ dŚĞ ŐĂŵŵĂ ŽĨ ĐĂďůĞƐ ĨĂŵŝůŝĞƐ ŝƐ ŽŶĞ ŽĨ ƚŚĞ ŵŽƐƚ ĐŽŵƉůĞƚĞ ŝĨ ĐŽŵƉĂƌĞĚ ǁŝƚŚ ƚŚĞ ŽƚŚĞƌ ƵƌŽƉĞĂŶ ĨĂĐƚŽƌŝĞƐ͘ ZĂŵĐƌŽ ŝƐ ĂďůĞ ƚŽ ŵĂŶƵĨĂĐƚƵƌĞ ;ďƵƚ ŶŽƚ ůŝŵŝƚĞĚ ƚŽͿ ĮƌĞ ƌĞƐŝƐƚĂŶƚ ĐĂďůĞƐ͕ ƵŝůĚŝŶŐ DĂŶĂŐĞŵĞŶƚ ^ǇƐƚĞŵƐ ĐĂďůĞƐ͕ &ŝďĞƌ ŽƉƟĐĂů ĐĂďůĞƐ ĂŶĚ /ŶƐƚƌƵŵĞŶƚĂƟŽŶ ĐĂďůĞƐ ĨŽƌ Kŝů Θ 'ĂƐ Žƌ tĂƚĞƌ dƌĞĂƚĞŵĞŶƚ Θ ĞƐĂůŝŶĂƟŽŶ WůĂŶƚƐ͕ ĂƐ ǁĞůů ĂƐ ĐƵƐƚŽŵŝǌĞĚ ĐĂďůĞƐ͘ ZĂŵĐƌŽ ĂĚŽƉƚĞĚ ĂŶ /ŶƚĞŐƌĂƚĞĚ DĂŶĂŐĞŵĞŶƚ ^ǇƐƚĞŵ ĐŽŵƉůǇŝŶŐ ǁŝƚŚ ƚŚĞ ƌĞƋƵŝƌĞŵĞŶƚƐ ŽĨ hE/ E /^K ϵϬϬϭ͕ hE/ E /^K ϭϰϬϬϭ͕ ^ K,^ ^ ϭϴϬϬϭ͘ ĚĚŝƟŽŶŶĂůůǇ ĞĂĐŚ ZĂŵĐƌŽ ĐĂďůĞƐ ĨĂŵŝůǇ ŝƐ ĨƵůůǇ ĐĞƌƟĮĞĚ ĂĐĐŽƌĚŝŶŐ ƚŽ ƚŚĞ ŵŽƐƚ ƌĞůŝĂďůĞ ĂŶĚ ŝŶƚĞƌŶĂƟŽŶĂů ƐƚĂŶĚĂƌĚƐ͘ KhZ D/^^/KE Ğ ƉƌĞĨĞƌƌĞĚ ƉĂƌƚŶĞƌƐ ƚŽƌ ĚĞŵĂŶĚŝŶŐ ĐƵƐƚŽŵĞƌƐ͕ ǁŚŽ ƌĞƋƵŝƌĞ ŚŝŐŚ ƉĞƌĨŽƌŵŝŶŐ͕ ĂĚĚĞĚ ǀĂůƵĞ ĐĂďůĞƐ͘ tĞ ĂĐŚŝĞǀĞ ƚŚŝƐ ďǇ ƐƵƉƉůǇŝŶŐ͗ Ͳ^ƉĞĐŝĂů ĐĂďůĞƐ ĐƵƐƚŽŵŝǌĞĚ ƚŽ ŵĂƚĐŚ ƚŽƉ ƋƵĂůŝƚǇ ĂŶĚ ƐƚƌŽŶŐĞƐƚ ƉĞƌĨŽƌŵĂŶĐĞ ŵĂƌŬĞƚ ƌĞƋƵŝƌĞŵĞŶƚƐ Ͳ&ŝƌĞ ƌĞƐŝƐƚĂŶƚ ĐĂďůĞƐ ƚĞƐƚĞĚ ĂŶĚ ĐĞƌƟĮĞĚ ĂĐĐŽƌĚŝŶŐ ƚŽ Ăůů ŵĂŝŶ ŝŶĚƵƐƚƌǇ ƐƚĂŶĚĂƌĚƐ Ͳ,ŝŐŚ ƚĞĐŚŶŽůŽŐǇ ŝŶƐƚƌƵŵĞŶƚĂƟŽŶ ĐĂďŝĞƐ ƐƵŝƚĂďůĞ ƚŽ ŽƉĞƌĂƚĞ ƵŶĚĞƌ ĞǆƚƌĞŵĞ ĞŶǀŝƌŽŶŵĞŶƚĂů ĐŽŶĚŝƟŽŶƐ͘ KhZ D /E >/ Ed^ EK Ͳ K Ͳ ' ^ Ͳ D Ͳ KhZKh' d <Z Z Ͳ K Ͳ K>W,/E E Z'z Ͳ' ^ K Ͳ D ZͲ E/ Ͳ yyKE DK /> Ͳ Zt Ͳ< ,Z D Ͳ>h<K/> ͲKZW/ ͲW K ͲY d Z W dZK> hD Ͳt^W zKh E dZh^d h^ &KZ ͘͘͘ Ͳ^ƚƌŽŶŐ ĐƵƐƚŽŵĞƌ ŽƌŝĞŶƚĂƟŽŶ͗ ϴϬй ƚƵƌŶŽǀĞƌ ŵĂĚĞ ǁŝƚŚ ĐƵƐƚŽŵĞƌ ǁŽƌŬŝŶŐ ǁŝƚŚ ƵƐ ƐŝŶĐĞ ŵŽƌĞ ƚŚĂŶ ϭϱ ǇĞĂƌƐ ͲdĂŝůŽƌĞĚ ƐŽůƵƟŽŶƐ ƚŽ ĂŶǇ ƚĞĐŚŶŝĐĂů ƌĞƋƵŝƌĞŵĞŶƚ Ͳ,ŝŐŚ ƋƵĂůŝƚǇ ƐƚĂŶĚĂƌĚƐ ŝŶ ƉƌŽĚƵĐƚƐ͕ ƉƌŽĐĞƐƐĞƐ ĂŶĚ ƉĞŽƉůĞ ͲKƵƚƐƚĂŶĚŝŶŐ ǁŽƌůĚǁŝĚĞ ĞǆƉĞƌŝĞŶĐĞ Ͳ&ůĞǆŝďůĞ ƌĞůŝĂďůĞ ĂŌĞƌ ƐĂůĞƐ ƐĞƌǀŝĐĞƐ &Žƌ ŵŽƌĞ ŝŶĨŽƌŵĂƟŽŶ͗ ĞƌŝŬĂŐĂůƟĞƌŝΛƌĂŵĐƌŽŵĞŶĂ͘ĐŽŵ ǁǁǁ͘ƌĂŵĐƌŽ͘ĐŽŵ

148

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149

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152

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

ǀĂƌŝŽƵƐ ƐŝǌĞƐ ĂŶĚ ƚǇƉĞƐ͕ ĨŽƌ Ă ƚŽƚĂů ŽĨ ŵŽƌĞ ƚŚĂŶ ϴ't ŽĨ ƉƌŽĚƵĐƟŽŶ ĞĸĐŝĞŶĐǇ ŝŶƐƚĂůůĞĚ ǁŽƌůĚǁŝĚĞ͕ ' ŝŶĐůƵĚĞĚ͘ dŽĚĂǇ͕ ϮϬ ǇĞĂƌƐ ĂŌĞƌ ƚŚĞ ďƵƐŝŶĞƐƐ ƐƚĂƌƚĞĚ ĂŶĚ ǁŝƚŚ ƚŚĞ ƐŽůĂƌ ŵĂŶƵĨĂĐƚƵƌŝŶŐ ůĂŶĚƐĐĂƉĞ ĂŐĂŝŶ ĐŚĂŶŐŝŶŐ ĞƐƉĞĐŝĂůůǇ ŝŶ ƚŚĞ ǁĞƐƚĞƌŶ ƉŚŽƚŽǀŽůƚĂŝĐ ŵĂƌŬĞƚƐ͕ ĐŽƉƌŽŐĞƫ͕ ǁŝƚŚ ŝƚƐ ŐƌĞĂƚ ƚĞĂŵ ŽĨ ƉĂƐƐŝŽŶĂƚĞ ĞŶŐŝŶĞĞƌƐ ĂŶĚ ĚĞĚŝĐĂƚĞĚ ŵĂŶĂŐĞŵĞŶƚ͕ ƌĞŵĂŝŶƐ ƚŽ ďĞ ƚŚĞ EƵŵďĞƌ ϭ ĐŚŽŝĐĞ ĨŽƌ ŝƚƐ ĐƵƐƚŽŵĞƌƐ͘ dŽ ĂĚĚƌĞƐƐ ƚŚĞ ŝŶĐƌĞĂƐŝŶŐ ĐŽƐƚ ƉƌĞƐƐƵƌĞ ĂŶĚ ĐŽŵƉĞƟƟǀĞŶĞƐƐ ŝŶ ƚŚĞ ŵĂƌŬĞƚ͕ ƚŚĞ ĐŽƉƌŽŐĞƫ ƚĞĂŵ ĐŽŶƟŶƵĞƐ ƚŽ ĨŽĐƵƐ ŽŶ ŽīĞƌŝŶŐ ŝŶŶŽǀĂƟǀĞ ĂŶĚ ŇĞǆŝďůĞ ƉƌŽĚƵĐƟŽŶ ƐŽůƵƟŽŶƐ ĐŽƵƉůĞĚ ǁŝƚŚ ďĞƐƚ ĐƵƐƚŽŵĞƌ ƐĞƌǀŝĐĞ ʹ ŽĨ ĐŽƵƌƐĞ Ăƚ ĐŽŵƉĞƟƟǀĞ ƉƌŝĐĞƐ͘ DŽƌĞ ĂŶĚ ŵŽƌĞ ŶĞǁ ŵŽĚƵůĞ ƉƌŽĚƵĐĞƌƐ ĂƌĞ ǁĞůĐŽŵŝŶŐ ƚŚĞ ƚƌĞŶĚŝŶŐ ƚĞĐŚŶŽůŽŐǇ ŽĨ ŝĨĂĐŝĂů WĞƌĐ ĐĞůůƐ ĂŶĚ ĚŽƵďůĞ ŐůĂƐƐ ŵŽĚƵůĞƐ ǁŚŝĐŚ ŚŝŐŚůǇ ŝŶĐƌĞĂƐĞƐ ƚŚĞ ŵŽĚƵůĞ ĞĸĐŝĞŶĐǇ ŽĨ ƚŚĞ ƐŽůĂƌ ƉĂŶĞůƐ͕ ƐĞƌǀŝŶŐ ĞǀĞƌŵŽƌĞ ĚĞŵĂŶĚŝŶŐ ĂŶĚ ŬŶŽǁůĞĚŐĞĂďůĞ ĐƵƐƚŽŵĞƌƐ͘ ĐĐŽƌĚŝŶŐ ƚŽ ĂŶ /ŶƚĞƌŶĂƟŽŶĂů ZĞŶĞǁĂďůĞ ŶĞƌŐǇ ŐĞŶĐǇ ;/Z E Ϳ ƌĞƉŽƌƚ͕ ƚŚĞ ' ĐŽƵŶƚƌŝĞƐ ĐŽƵůĚ ŐĂŝŶ ŶƵŵĞƌŽƵƐ ďĞŶĞĮƚƐ ĨƌŽŵ Z ŝŵƉůĞŵĞŶƚĂƟŽŶ͘ dŚĞƐĞ ŝŶĐůƵĚĞ Žŝů ƐĂǀŝŶŐƐ ŽĨ ĂďŽƵƚ ϰϬϬ ďŝůůŝŽŶ ďĂƌƌĞůƐ ĂŶĚ ĐƌĞĂƟŶŐ ϮϭϬ͕ϬϬϬ ũŽďƐ ďǇ ƚŚĞ ǇĞĂƌ ϮϬϯϬ͘ >ŝŬĞ ŽƚŚĞƌ ' ĐŽƵŶƚƌŝĞƐ͕ ƚŚĞ h ŚĂƐ ŚƵŐĞ ƐŽůĂƌ ƉŽƚĞŶƟĂůƐ ǁŝƚŚ ƚŚĞ ŵĞĂŶ ĂŶŶƵĂů ƐŽůĂƌ ƌĂĚŝĂƟŽŶ ŽĨ ϮϮϴϱ ŬtŚͬŵϮ ĂŶĚ ĂǀĞƌĂŐĞ ƐƵŶƐŚŝŶĞ ŽĨ ϭϬ Ś ƉĞƌ ĚĂǇ͘ YĂƚĂƌ ŝƐ Ă ĐŽƵŶƚƌǇ ǁŝƚŚ ĂďƵŶĚĂŶƚ ƐŽůĂƌ ƌĞƐŽƵƌĐĞƐ͕ ƌĞƉŽƌƚĞĚ ƚŽ ďĞ ƵƉ ƚŽ Ϯϭϭϯ ŬtŚͬŵϮͬǇĞĂƌ ĨŽƌ ƚŚĞ ŐƌŽƵŶĚ ŵĞĂƐƵƌĞĚ ǇĞĂƌůǇ ĂǀĞƌĂŐĞ͕ ĐĂůĐƵůĂƚĞĚ ĐŽŶƐŝĚĞƌŝŶŐ ƚŚĞ ϰͲǇĞĂƌ ƉĞƌŝŽĚ

ENERGY

ECOPROGETTI

ƌŝǀŝŶŐ ĨĂĐƚŽƌƐ ĨŽƌ ƌĞŶĞǁĂďůĞ ĞŶĞƌŐǇ ŐƌŽǁƐ ŝŶ ' ŽĨ ĐŽŝŶĐŝĚĞŶƚ ĚĂƚĂ͘ ůƐŽ ^ĂƵĚŝ ƌĂďŝĂ ŝƐ ůŽŽŬŝŶŐ ƚŽ ĚĞǀĞůŽƉ ĂŶ ŝŶĚƵƐƚƌǇ ŽĨ Ws ŵŽĚƵůĞ ŵĂŶƵĨĂĐƚƵƌŝŶŐ͘ hŶĚĞƌ ŝƚƐ sŝƐŝŽŶ ϮϬϯϬ ƉƌŽŐƌĂŵ͕ ŝƚ ŝƐ ƌĞƐƚƌƵĐƚƵƌŝŶŐ ŝƚƐ ĞůĞĐƚƌŝĐŝƚǇ ŵĂƌŬĞƚ ĂŶĚ ĂůůŽǁŝŶŐ ƚŚĞ ƉĂƌƟĐŝƉĂƟŽŶ ŽĨ ƉƌŝǀĂƚĞ ĐŽŵƉĂŶŝĞƐ ĂŶĚ ŝŶǀĞƐƚŽƌƐ ƌĂƚŚĞƌ ƚŚĂŶ ŝƚ ďĞŝŶŐ ǁŚŽůůǇ Žƌ ƉĂƌƟĂůůǇ ƐƚĂƚĞ ŽǁŶĞĚ͘ ĐŽƉƌŽŐĞƫ ŚĂƐ ƐƵƉƉůŝĞĚ ǀĂƌŝŽƵƐ ƚƵƌŶŬĞǇ ůŝŶĞƐ ĨŽƌ Ws ŵŽĚƵůĞ ŵĂŶƵĨĂĐƚƵƌŝŶŐ ŝŶ ƚŚĞ ' ͕ ĐŽŵƉůĞƚĞ ƚƵƌŶŬĞǇ ůŝŶĞƐ ƚŚĂƚ ƌĂŶŐĞ ĨƌŽŵ ϮϬDtͬǇĞĂƌ ƚŽ ϯϬϬDtͬ ǇĞĂƌ ŽĨ ƉƌŽĚƵĐƟŽŶ ĞĸĐŝĞŶĐǇ͘ dŚĞƐĞ ĐŽŵƉĂŶŝĞƐ ĐĂŶ ŶŽǁ ƉƌŽĚƵĐĞ ďĂŶŬĂďůĞ ƟĞƌͲϭ Ws ƉĂŶĞůƐ͕ ĂŶĚ ǁŝƚŚ ĐŽƉƌŽŐĞƫ͛Ɛ ŵĂĐŚŝŶĞƐ͕ ĂůǁĂǇƐ ĐŽŶŶĞĐƚĞĚ ƚŽ ŝŶƚĞƌŶĞƚ ŝƚ ŝƐ ĞĂƐǇ ĨŽƌ ƚŚĞ ĐŽŵƉĂŶǇ ƚŽ ƐƚĂǇ ĐůŽƐĞ ƚŽ ƚŚĞŝƌ ĐƵƐƚŽŵĞƌƐ ǁŚĞŶĞǀĞƌ ƚŚĞǇ ŶĞĞĚ ƉƌŽĚƵĐƟŽŶ ƉƌŽĐĞƐƐ ƐƵƉƉŽƌƚ͘ ŶǇƚŚŝŶŐ ĐŽƉƌŽŐĞƫ ĚĞƐŝŐŶƐ ĂŶĚ ĂƐƐĞŵďůĞƐ ŝƐ ŵĂĚĞ

ϭϬϬй ŝŶ /ƚĂůǇ ǁŝƚŚ ŚŝŐŚ ƵƌŽƉĞĂŶ ƐƚĂŶĚĂƌĚƐ ĂŶĚ Ăůů ŝƚƐ ŝŶŶŽǀĂƟǀĞ ƉƌŽĚƵĐƟŽŶ ƐŽůƵƟŽŶƐ ĂƐ ǁĞůů ĂƐ ƚŚĞ ƐŽŌǁĂƌĞ ĂƌĞ ŵĂĚĞ ŝŶ ŚŽƵƐĞ ďǇ ƐƉĞĐŝĂůŝƐƚƐ ŽĨ ƚŚĞ WŚŽƚŽǀŽůƚĂŝĐ ƉƌŽĚƵĐƟŽŶ ƉƌŽĐĞƐƐ͘

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

153

ENERGY

HITEMA

(ƯFLHQW VROXWLRQV G\QDPLF development and quick answer ,ŝƚĞŵĂΠ /ŶƚĞƌŶĂƟŽŶĂů ŝƐ Ă ƐƉĞĐŝĂůŝƐƚ ŵĂŶƵĨĂĐƚƵƌĞƌ ŽĨ ĐƵƐƚŽŵŝǌĞĚ ƐŽůƵƟŽŶƐ ĨŽƌ ƉƌŽĐĞƐƐ ĐŽŽůŝŶŐ ĂŶĚ ŝŶĚƵƐƚƌŝĂů ĐŽŵĨŽƌƚ ĂƉƉůŝĐĂƟŽŶƐ͘ ,ŝƚĞŵĂΠ͕ ƵŶůŝŬĞ ŵĂŶǇ ŽĨ ŽƵƌ ĐŽŵƉĞƟƚŽƌƐ͕ ŝƐ Ă ĐŽŵƉůĞƚĞ ŝŶĚƵƐƚƌŝĂů ƌĞĂůŝƚǇ͕ ƚŚĂŶŬƐ ƚŽ ŝƚƐ ƉƌŽĚƵĐƟŽŶ ĐĞŶƚĞƌ ĨŽƌ ƚŚĞ ŵĂĐŚŝŶŝŶŐ ŽĨ ƌŽďŽƟĐ ƐŚĞĞƚ ŵĞƚĂů͕ ĐŽƉƉĞƌ ƚƵďĞƐ͕ ĐĂƌďŽŶ ƐƚĞĞů Žƌ ƐƚĂŝŶůĞƐƐ ƐƚĞĞů ƵƉ ƚŽ ƚŚĞ ĐŽŶƐƚƌƵĐƟŽŶ ŽĨ ŚĞĂƚ ĞǆĐŚĂŶŐĞƌƐ ŽĨ ĐŽĂǆŝĂů ƚǇƉĞ ĐĂůůĞĚ ͞ƐĞůĨͲĐůĞĂŶŝŶŐ͘͟ /ƚ ŝƐ Ă ĐŽŵƉůĞƚĞ ƐǇƐƚĞŵ͕ ŵĂĚĞ ƵƉ ŽĨ ŵĞŶ ĂŶĚ ŵĂĐŚŝŶĞƐ ǁŝƚŚ ǀĞƌǇ ĚŝīĞƌĞŶƚ ƐŬŝůůƐ ĂŶĚ ŬŶŽǁůĞĚŐĞ͕ ďƵƚ ĂůǁĂǇƐ ŝŶƚĞƌĐŽŶŶĞĐƚĞĚ͕ ĂďůĞ ƚŽ ƋƵŝĐŬůǇ ĐŚĂŶŐĞ ƚŚĞ ƉƌŽĚƵĐƟŽŶ ĂŶĚ ƚŽ ŝŶĐƌĞĂƐĞ ƚŚĞ ĐƵƐƚŽŵŝǌĂƟŽŶ ŽĨ ƐĞŵŝͲĮŶŝƐŚĞĚ ƉƌŽĚƵĐƚƐ ƵƐĞĚ ŽŶďŽĂƌĚ ƚŚĞ ,ŝƚĞŵĂΠ ŵĂĐŚŝŶĞƐ͘ dŚĞ ŚŝŐŚ ƋƵĂůŝƚǇ ĂĐŚŝĞǀĞĚ ĂůůŽǁƐ ƵƐ ƚŽ ĞǆƉŽƌƚ ŽƵƌ ƉƌŽĚƵĐƚƐ ǁŽƌůĚǁŝĚĞ͕ ŝŶ ƉĂƌƟĐƵůĂƌ ŝŶ ƚŚĞ h^ ͕ ĂŶĂĚĂ͕ ďƵƚ ĂůƐŽ ŝŶ ZƵƐƐŝĂ͘ dŚĞ ǁŝĚĞ ƌĂŶŐĞ ŽĨ ĂƉƉůŝĐĂƟŽŶƐ ƚŚĂƚ ǁĞ ŚĂǀĞ ĚĞǀĞůŽƉĞĚ ŝŶĐůƵĚĞƐ ŚŝŐŚůǇ ĐƵƐƚŽŵŝǌĞĚ ƐĞĐƚŽƌƐ͕ ƐƵĐŚ ĂƐ &ŽŽĚ WƌŽĐĞƐƐŝŶŐ͕ DĞĚŝĐĂů Θ WŚĂƌŵĂĐĞƵƟĐĂů͕ DĂĐŚŝŶĞ dŽŽůƐ͕ WůĂƐƟĐ WƌŽĐĞƐƐŝŶŐ͕ tŝŶĞƌŝĞƐ͕ ƵƚŽŵŽƟǀĞ /ŶĚƵƐƚƌǇ ĂŶĚ ŝƌ ŽŶĚŝƟŽŶŝŶŐ͘ /Ŷ ƚŚĞƐĞ ĂƌĞĂƐ ŽĨ ͞ŶŝĐŚĞ͟ ,ŝƚĞŵĂΠ ŚĂƐ ƌĞĂůŝǌĞĚ ƐǇƐƚĞŵƐ ĐŚĂƌĂĐƚĞƌŝǌĞĚ ďǇ ĞǆĐĞůůĞŶƚ ĞŶĞƌŐǇ ƌĞƐƵůƚƐ͕ ƚŚƵƐ ĂůůŽǁŝŶŐ ƚŚĞ ĐŽŵƉĂŶǇ ƚŽ ĂĐƋƵŝƌĞ ŶĞǁ ƐĞŶƐŝƟǀĞ ŵĂƌŬĞƚƐ͘ ,ŝƚĞŵĂΠ ǁŽƌŬƐ ƚŽ ďĞ Ă ƌĞĨĞƌĞŶĐĞ ƉŽŝŶƚ ĨŽƌ ŝƚƐ ƵƐƚŽŵĞƌƐ ĨƌŽŵ ƚŚĞ ǀĞƌǇ ĞĂƌůŝĞƐƚ ƐƚĂŐĞƐ ŽĨ ƚŚĞ ǁŽƌŬ͘ dŚĂŶŬƐ ƚŽ ŝƚƐ ƚĞĐŚŶŝĐĂů ĚĞƉĂƌƚŵĞŶƚ͕ ĨƵůů ŽĨ ƐƉĞĐŝĮĐ ƐŬŝůůƐ ĨŽƌ ĞĂĐŚ ƐĞĐƚŽƌ͕ ǁĞ ĂƌĞ ĂďůĞ ƚŽ ŐƵĂƌĂŶƚĞĞ Ă ƚŽƉ ƋƵĂůŝƚǇ ƐƵƉƉŽƌƚ ĂůƐŽ ĚƵƌŝŶŐ WƌŽũĞĐƚ ŝŶĐĞƉƟŽŶ͕ ĚĞǀĞůŽƉŵĞŶƚ ĂŶĚ ĚĞƐŝŐŶ͘ ,ŝƚĞŵĂΠ͛ ƚĞĐŚŶŝĐŝĂŶƐ ĂƌĞ ĂďůĞ ƚŽ ƉŽŶĚĞƌ ƚŚĞ ĐŚŽŝĐĞƐ ŽĨ ƚŚĞ ƵƐƚŽŵĞƌ͕ ƚŚƵƐ ďĞĐŽŵŝŶŐ ƉƌŽĂĐƟǀĞ ŝŶ ƉƌŽǀŝĚŝŶŐ ƐĞƌǀŝĐĞƐ ĂŶĚ ŐŝǀŝŶŐ ǁĂǇ ƚŽ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚ ŽĨ ŶĞǁ ƉƌŽũĞĐƚƐ͕ ŝŶ ƐǇŶĞƌŐǇ ǁŝƚŚ ĂĐƋƵŝƌĞĚ ŬŶŽǁͲŚŽǁ͘ ,ŝƚĞŵĂΠ͛Ɛ ĐĂƚĂůŽŐƵĞ ŚĂƐ ĂŶ ĞǆŚĂƵƐƟǀĞ ĂŶĚ ǁĞůůͲĞƋƵŝƉƉĞĚ ƌĂŶŐĞ ŽĨ ƉƌŽĚƵĐƚƐ ƚŚĂƚ ƉƌŽǀŝĚĞƐ ƚŽ ƚŚĞ DĂƌŬĞƚ ĐŽŵďŝŶĞĚ ǁŝƚŚ ƚŚĞŝƌ ŽǁŶ ƐŬŝůůƐ ĂŶĚ ĞǆƉĞƌŝĞŶĐĞ͕ ŝŶ ŽƌĚĞƌ ƚŽ ƐƵƉƉŽƌƚ ƵƐƚŽŵĞƌƐ ŝŶ ƚŚĞ ŽďũĞĐƟǀĞ ŽĨ ŝŵƉƌŽǀŝŶŐ ƚŚĞŝƌ ƉƌŽĚƵĐƟŽŶ ĐĂƉĂĐŝƚǇ͕ ŐŝǀŝŶŐ ǁĂǇ ƚŽ ƚŚĞ ĚĞǀĞůŽƉŵĞŶƚ ŽĨ ŶĞǁ ŝĚĞĂƐ͘ dŚĞ ĐĂƌĞĨƵů ĂŶĂůǇƐŝƐ ŽĨ ƚŚĞ ŇŽǁ ŽĨ ŝŶĨŽƌŵĂƟŽŶ ĂůůŽǁĞĚ ƵƐ ƚŽ ŵŽĚŝĨǇ ƉƌŽĚƵĐƟŽŶ ƌĂƉŝĚůǇ͕ ƚŽ ŝŵƉƌŽǀĞ ƚŚĞ ĂƉƉƌŽĂĐŚ ƚŽ ƚŚĞ ƵƐƚŽŵĞƌ ĂŶĚ ƚŽ ŝŶĐƌĞĂƐĞ ƚŚĞ ĐƵƐƚŽŵŝǌĂƟŽŶ ŽĨ ƉƌŽĚƵĐƚƐ͘ dŚĞ ŶĞǁ ĂƉƉƌŽĂĐŚĞƐ ƚŽ ƚŚĞ ĚĞƐŝŐŶ ĂŶĚ ƉƌŽĚƵĐƟŽŶ ŚĂǀĞ ďĞĞŶ ƌĞƚŚŽƵŐŚƚ ĂŶĚ ĂŶ ĞŶŽƌŵŽƵƐ ŇĞǆŝďŝůŝƚǇ ŽĨ ƉƌŽĚƵĐƟŽŶ ĨĂĐŝůŝƟĞƐ ǁĂƐ ĂĐƋƵŝƌĞĚ͘ dŚŝƐ ĐŚĂŶŐĞ ǁŝůů ƉĞƌŵŝƚ ƚŽ ŝŶĐƌĞĂƐĞ ƚŚĞ ůĞǀĞů ŽĨ ĐƵƐƚŽŵŝǌĂƟŽŶ ŽĨ ƚŚĞ ƉƌŽĚƵĐƚƐ͕ ŝŶ ŽƌĚĞƌ ƚŽ ĐƌĞĂƚĞ ƚĂŝůŽƌͲŵĂĚĞ ƐŽůƵƟŽŶƐ ƵƉŽŶ ƵƐƚŽŵĞƌ ŶĞĞĚƐ͘

154

INDUSTRIAL TECHNOLOGY OIL AND GAS, PETROCHEMICAL, AUTOMATION

ENERGY

HITEMA

155

FA IRS & EXHI BI TIONS

Host

12 - 15 November 2018

Abu Dhabi National Exhibition Centre (ADNEC), Abu Dhabi, UAE Abu Dhabi International Petroleum Exhibition & Conference

One global industry. One city. One meeting place. ADIPEC 2018 FAST FACTS

ONE OF THE WORLD’S PREMIUM EVENTS FOR THE OIL & GAS INDUSTRY ADIPEC 2018, one meeting place where thought leaders gather, businesses converge and new technologies drive solutions and growth in a world of accelerating change. Join 110,000 trade professionals from 135 countries and access the most advanced technologies, products and services for the oil and gas industry.

WHY VISIT ADIPEC 2018?

155,000 Gross sqm

110,000+ Attendees

2,200+ Exhibiting Companies

28 Exhibiting Country Pavilions

NETWORK

LEARN

ATTEND

with resource owners from around the world

about cutting edge technologies and solutions

to explore products & services from 2,200+ exhibiting companies

161 Conference Sessions

980 Expert Speakers

JO I N

BENEFIT T

thousands of trade professionals to identify new business opportunities

from $10.34bn+ worth of business conducted during ADIPEC

10,400 Conference Delegates

41 REGISTER TO VISIT - www.adipec.com/visreg

National & International Oil Companies

Supporters

Exclusive Strategic Partner

Ofﬁcial Airline Partner

Diamond Sponsors

Ofﬁcial Hotel Partner

Ofﬁcial Travel Partner

ADIPEC Host City

Knowledge Partner

Platinum Sponsors

Ofﬁcial Broadcast Partner

Ofﬁcial Media Partner

Technical Conference Organised By

Strategic Digitalisation Partner

ADIPEC Organised by

HOSTED BY:

ORGANISED BY:

REPUBLIC OF ANGOLA MINISTRY OF MINERAL RESOURCES AND PETROLEUM

2ND AFRICA OIL & GAS

LOCAL CONTENT CONFERENCE & EXHIBITION

“

ADVANCING LOCAL CONTENT ACROSS THE OIL AND GAS SUPPLY CHAIN IN AFRICAN PETROLEUM PRODUCING COUNTRIES.

“

26 - 27 NOVEMBER 2018

EPIC SANA HOTEL, LUANDA, REPUBLIC OF ANGOLA

TODAY

www.ametrade.org/alc

#ALCangola

Under the Patronage of

His Royal Highness Prince Khalifa bin Salman Al Khalifa Prime Minister of the Kingdom of Bahrain

National Oil & Gas Authority

CONFERENCE:

18 – 21 March 2019

EXHIBITION:

19 – 21 March 2019

SAVE THE DATE

THE 21ST SOCIETY OF PETROLEUM ENGINEERS MIDDLE EAST OIL & GAS SHOW AND CONFERENCE

EXHIBITION ORGANISERS

CONFERENCE ORGANISERS

CONFERENCE CHAIRED BY

BAHRAIN INTERNATIONAL EXHIBITION AND CONVENTION CENTRE

MEOS19.com

fawzi.alshehabi@ubm.com

spedub@spe.org

Expanding the Mediterranean Energy Sector: Fuelling Regional Growth

27-29 March 2019

RAVENNA

ITALY

www.omc2019.it

OFFSHORE MEDITERRANEAN CONFERENCE & EXHIBITION overall area

visitors

30.150 sqm

20.603

countries

exhibitors