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Cambridge-based Ubisense, a company specialising in location-based smart technology, has secured a £5-million revolving credit facility from HSBC to support its expansion plans.

The AIM-listed company supplies products that enable manufacturers, utilities and telecoms providers to track assets, such as tools and vehicles, and people, in factories and other indoor environments. The technology is claimed to be more accurate than current satellite-based systems.

The new credit facility provides Ubisense with financial flexibility and backing to gain new contracts and to fund the operations. It will also support the company's growth across a range of global markets, including telecoms industries and various manufacturing sectors.

Earlier this year, a large US steel manufacturer selected the Ubisense Smart Factory System for process tracking for a process involving the transfer of molten metal from blast furnaces to other areas around the manufacturing plant in an efficient and safe manner.

Because of the distances involved, rail ‘torpedo’ cars are used for this purpose and have to be constantly monitored for both process safety and efficiency. For example, deviations in temperature can result in significant cost increases if the contents of the ’torpedoes’ have to be reheated.

The steel maker is integrating the Ubisense system with its thermal imaging cameras to provide visibility of the industrial process at critical process steps such as weighing stations and discharge. Temperature, quality or weight distribution problems can be identified in real-time; allowing operators to be alerted and take timely corrective action.

Knowing the precise location and orientation of the rail cars can also be used to determine the wear and tear profile of not only the rail equipment but also the very expensive high temperature lining of the rail car itself.

Elsewhere a large automotive manufacturer has deployed the Smart Factory System across a manufacturing facility in France, as part of a joint solution from Atlas Copco. Here it has been installed on workstations to control tools across their assembly line.

The installation is said to ensure that tightening operations are performed accurately and that the appropriate tool setting adjustments are made, ensuring overall that the tightening operations have been performed correctly.

The process was previously done manually by operators via a barcode scan which added around six seconds per tool operation per vehicle.


Dangote Industries Ltd has signed a loan agreement with a consortium of local and international banks totalling $3.3 billion to construct the biggest petroleum oil refinery and petrochemical plants in Nigeria. 
 
The plants, which will cost a total of $9 billion, will generate up to 9,500 direct and 25,000 indirect jobs, reduce current volumes of refined fuel imports by around 50 per cent and effectively ending the need to import fertilizer.
 
The $9-billion project will be financed by $3 billion equity and $6 billion loan capital. The deal includes the first tranche of loans secured by Dangote, comprising a $3.3billion term loan facility supported by a consortium of 12 local and international banks. 
 
This facility was jointly arranged by Standard Chartered Bank as the global coordinator, and Nigeria’s Guaranty Trust Bank PLC as the local coordinator.
 
With the refining capacity expected to reach 400,000 barrels of crude oil per day and producing a variety of refined fuel products from local crude resources, Nigeria will cut its current volumes of imported fuel products by a massive 50 per cent. 
 
The 2.8 million tonnes of urea will be channelled into growing the local agriculture sector which is essential in producing healthy crops and promoting Nigeria and West Africa’s agricultural development. 
 
The petrochemical plant will produce polypropylene which is a common component of most plastic and fabric products, commonly used in various forms of packaging, ropes and agro-sacks.
 
“This plant will further entrench Africa’s role on the global map as not only a valued contributor for natural resources, but also a competent manufacturer of refined products and fertilizer,"said Aliko Dangote, president of Dangote Group. 
 
"As a result, several African nations will be less reliant on importing fuel and fertilizer from foreign markets, reducing the negative impact of negotiating terms within increasingly turbulent international markets,” Dangote added.

Scotland's food and drink sector is on a steady growth path, according to Bank of Scotland research which forecasts a ramp-up in investment and job-creation to target new export markets over the next five years.
 
The bank's report – An Appetite for Growth: Ambition and Opportunity for Scotland’s food and drink industry – surveyeyed over 100 Scottish food and drink businesses with an estimated aggregate turnover of £6 billion. 
 
The replies indicted a mean five-year growth expectation of 19% with wo-thirds of companies also expecting to increase their workforce in the next five years. 
 
Of the companies surveyed, respondents were confident of at least new 940 jobs between them over the next five years. If replicated across the wider food and drink production sector, this could mean over 5,600 new jobs, Bank of Scotland estimated.
 
The findings demonstrate that the industry is set to significantly exceed trade body Scotland Food & Drink’s current target of achieving £12.5bn turnover for the industry by 2017, the bank added.
 
Exporting and new product development are expected to be the key drivers for growth in the sector, with over 40% of firms are still planning on expanding their export activities.
 
The report also detected a shift in where Scottish food and drink companies are setting their international sights as they look for higher growth markets. Almost two-thirds of companies named the Far East/Asia as their key area of focus, replacing Western Europe at the top of the list of target markets. 
 
The rapid emergence of countries such as Brazil was also underlined with a 20% increase on last year’s report in the proportion of companies looking at South America.
 
The biggest area of concern for the sector continues to be the cost and volatility of raw materials, cited by almost two thirds of respondents amid greater competition for resources and the threat of poor harvests caused by extreme weather.
 
This is the banks' second annual market survey on the sector, noted Alasdair Gardner, managing director of commercial banking at Bank of Scotland said:
 
"Overall confidence levels remain high and the sector is pushing ahead delivering record growth," he said. "If this level of growth continues we will see levels of growth in the food and drink industry that could soon be alongside oil and gas on the export market."


Natural mineral water company Purely Scottish has recently signed a £340,000 finance deal with Bank of Scotland to enable it to switch from renting its production premises at Oldhamstocks, near Dunbar, to buying it outright.

The purchase secures long-term and direct access to natural mineral water sourced from the company's own organic certified land, as well as bottling and labelling it at source.

As a result of the purchase, Purely Scottish is now predicting a sales growth of around £1.8 million in the next 12 months by increasing its production and expanding its supply across Scotland and into the rest of the UK for the first time.

The deal with Bank of Scotland is also supporting 40 jobs as well as helping to create a further eight new positions at the Oldhamstocks site.

Purely Scottish has an annual turnover of around £1.4 million and supplies around 12 million litres of natural mineral water to businesses, schools, retail outlets and major supermarkets, including Tesco, Asda, Morrisons and Aldi in Scotland.

We’re now able to secure the future of our Scottish natural mineral water, which is sourced directly from our privately-owned site near Dunbar, said John Scrymgeour-Wedderburn, managing director of Purely Scottish.

“Financial support from Bank of Scotland has enabled us to purchase our premises and plan significant growth for the business in the year ahead, which will include expanding sales beyond Scotland for the first time."

Monday, 07 October 2013 06:48

New MD at Green Investment Bank


The UK's Green Investment Bank plc (GIB) has appointed of a new managing director for waste and bio-energy.
 
Chris Holmes joins GIB from Dutch bank NIBC where he led the capital markets division of the infrastructure and renewables business and managed its UK origination and advisory practice. 
 
An infrastructure and renewables expert with a focus on waste management, Holmes has spent over a decade with the bank, leading on a number of high profile PFI/PPP transactions. Prior to NIBC, he was with Grant Thornton in their Project Finance team.
 
Holmes joins a well-established team at GIB who are focussed on supporting the last remaining local authority PPP / PPI projects, supporting the growth of the commercial and industrial waste sector and working to help finance the emerging UK anaerobic digestion sector. Chris will also work closely with Greensphere Capital LLP and Foresight Group, who manage the two waste funds in which GIB has invested.
 
Holmes takes over from Adrian Judge who was one of the earliest members of the GIB team, working within Government before the GIB launched in November 2012. Holmes always intended to step back from his full-time role once he had established the wider team and set the strategy. 
 
Holmes will continue to support GIB initiatives, and as a board member of the Evermore CHP plant in Northern Ireland, one of GIB's most recent investments in the waste sector.
 

The Centre for Process Innovation (CPI) is close to completing the first stage in its process to award the design and build contract for the new National Biologics Manufacturing Centre (NBMC). 
 
The NBMC, to be located at Central Park, Darlington, was officially announced by the UK government last December, with the project to be managed by CPI.

The facility will be designed to assist companies in proving and scaling-up processes to manufacture new biologic medicines such as antibodies and vaccines. 

The project is part of the government's Strategy for UK Life Sciences’ launched in 2011 to strengthen the life-science sector. It will support the commercialisation of research by promoting collaboration between academia, the National Health Service and industry.

The overall goal is to bridge the gap between UK research and manufacturing in biologics: increasing both the country's manufacturing capabilities and its attractiveness to inward investors.

CPI has agreed a contract for conceptual design of the NBMC – the Centre will be conceptually designed to at least RIBA Stage C. This conceptual design will be made available to shortlisted bidders.  
 
CPI has issued PQQs (pre-qualification questionnaires) to assist it in deciding which bidders to short-list for the design and build project. The deadline for return is 16 Oct.
 
After evaluating the PQQs, CPI will invite tenders from qualified bidders and has listed 24 Dec as the earliest possible contract-award date.
 
 
 
 

AtlasUnity MineCompressorUnity Mine has improved efficiency and reduced energy consumption at its Cwmgrwach operation in the Neath Valley, Wales by replacing the existing diesel driven compressors with new electrically-powered units from Atlas Copco.

The mine re-opened in 2008 as it became commercially viable again. This was due to increasing volumes of imported coal coming in to the UK and global price increases driven by demand particularly in China and India.

Unity Mine is now ramping up production to deliver up to one million tonnes of coal per year to supply fuel for major industrial companies, including the nearby coal-fired Aberthaw Power Station. Current geological estimates are that there are reserves of 90 million tonnes of coal that will be extracted from the mine complex over the next 25 years.

The Cwmgrwach operation is a drift mine, meaning that miners can walk in rather than being transported, via a vertical mine shaft winding system, as used in other deep mining sites. At the mine, the coal seams are accessed by driving sloping tunnels through the ground.

After the mine’s re-opening, the company’s management focus was on the reliability and efficiency of production equipment, according to Duncan Kilbride, director of projects & procurement at Unity Mine

“The initial plan of the mine’s workings were based on the pillar and stall extraction methods that employ a continuous miner unit and secure the work with roof bolting, as opposed to arched roadways," said Kilbride.

"These all require air-driven equipment fed by a reliable continuous supply of compressed air. We also operate pumps on a permanent basis to remove water,” he added.

Air for these operations was supplied originally from a number of small, rented diesel-driven compressors but there was growing concern with their mechanical reliability and the risks of any break in the regular supply of diesel fuel. This issue, coupled with increasing rental and fuel costs, ensured the case for replacement with more energy and cost-efficient compressors.

“We invited tenders for the system and Atlas Copco came up trumps as a one-stop shop solution for the compressors, filtration units, controller and compressor house installation,” said Kilbride.

Two oil-lubricated, air-cooled, full-feature GA110 variable speed drive screw compressors were installed together with a companion fixed-speed version machine.

These, say Atlas Copco, could provide energy savings of around £13,000 per year as well as substantial savings in equipment rental costs.

The Atlas Copco compressor units provide base load and back up peak 7bar air to the drilling and roof bolting equipment, and the water pumps.

VictrexnukesealEGC Critical Components has recently selected Victrex PEEK (polyetheretherketone) engineering polymer for a self-actuated abeyance seal system in one of the most performance-critical industries, nuclear energy generation.

According to Victrex, the material selection and design of this application was created for a first-to-market OEM supplier requiring an abeyance seal to manage potential reactor coolant leaks during an emergency shutdown.

The newly designed seal is self-actuated without the need of springs or pistons. Tests have shown this abeyance sealing system alone has added an additional 96 hours of continuous use under the most rigorous operating environments meeting the higher demands of the Nuclear Regulatory Commission (NRC).

A nuclear reactor’s primary cooling pump (PCP) relies on the multi-stage abeyance sealing system, including actuation and back-up rings, to limit the leakage of the reactor coolant fluid along the pump shaft, a Victrex press release explains.

These components are critical to the pressure boundary system. Reactor cooling systems are tested heavily and are expected to withstand continuous service of more than 15 years.

Testing of the patented sealing system included two hours in 204°C water with a sealing pressure of 51.7 bar. Once completed, the temperature and pressure were increased to 292°C and 86.2 bar, respectively.

The test results, said Victrex concluded that even under extreme conditions and loss of seal cooling, the PEEK ring within the abeyance seal system was intact with no appreciable loss of reactor coolant.


BASF is to invest around Euro1.8 billion for its its Crop Protection division to build and upgrade production and formulation capacities between 2013 and 2017.

The plan, to meet expand the Crop Protection business, represents a doubling of annual investments in production plants for the division from around Euro150 million to over Euro300 million.

Amongst others, this figure covers plans to expand production capacities for the fungicides F500 and Xemium in Germany as well as for herbicides dicamba and Kixor, which are produced in the US. BASF is also planning to build new or expand existing formulation plants at several sites around the world, particularly in Asia.

“We have made great progress over the past years. We have demonstrated sustainable growth in our sales and earnings and are confident we will continue with this development,” said Markus Heldt, president of BASF’s Crop Protection division.

“This success stems from our commitment to providing innovations that address the importance of having sufficient and high quality food for a growing population. We continue to expand our portfolio, for and beyond crop protection products, to deliver integrated technologies that can help growers run their business more efficiently.”

BASF estimated the total peak sales potential for its crop protection pipeline – represented by products launched between 2010 and 2020 – at Euro1.7 billion – Euro500 million more compared to the previous year.

To reach its targets, BASF will maintain its commitment to investing around 9% of the Crop Protection division’s sales into R&D activities, targeted towards developing new active ingredients, formulations and solutions beyond crop protection.


Rotork has supplied an order from the Shanghai Pudong Hanwei Valve Co for two WGS Series subsea gearboxes fitted to a double block and bleed valve for a natural gas pipeline in the Bohai Sea. The 8 inch Class 600 valve is being installed a depth of 30 metres on a pipeline serving the Suizhong SZ36-1 oilfield and operated by the China National Offshore Oil Corp. (CNOOC).

Designed for heavy duty subsea applications, the Rotork WGS quarter-turn gearbox features a worm shaft supported on taper roller bearings, a high strength alloy steel worm screw and a membrane or piston type pressure compensator to enable operation at any depth.

Gearboxes can be equipped with a high visibility position indicator, vertical or horizontal ROV inputs and a handwheel for diver operation. Self locking and available with many gearing ratios, WGS gearboxes are permanently lubricated and designed for output torques of up to 500kNm.