Nippon Steel to Move into Offshore Business
Nippon Steel Engineering Co. is bolstering its operating structure in a bid to win contracts spanning everything from design to construction of crude oil and natural gas processing facilities at sea. The Nippon Steel Corp. unit plans to win complete orders for marine central processing platforms, which extract carbon dioxide, mercury and impurities from crude and natural gas drilled from the seabed. To do so, it has beefed up the functions of an Indonesian subsidiary that handles sales and engineering in Southeast Asia and it will begin undertaking some design operations and such work as heat and pipe wear analyses that have been outsourced to date. On top of upgrading a Thai plant, the company has also been hiring local engineers experienced in building central processing platforms.
Source: Trading Markets