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Stock impact report

ENGlobal Signs $20 Million-Plus Contract to Supply Modular Hydrogen Plant for Renewable Diesel Facility

ENGlobal Corp (ENG)  More Company Research Source: GlobeNewswire
US:NASDAQ Investor Relations: englobal.com
PDF Houston, Nov. 08, 2019 (GLOBE NEWSWIRE) -- ENGlobal Corporation (NASDAQ:ENG), a leading provider of engineered modular process and automation systems, today announced it has signed an agreement valued in excess of $20 million to supply process modules that will be used to construct a complete hydrogen production facility. The total sum expected under this contract could exceed ENGlobal’s $25.8 million revenues for the first half of 2019, with the Company’s scope of work potentially being increased over the 18-month project duration.  ENGlobal’s compact plant will be a major component of a grass roots renewable diesel facility with an expected maximum production of 10,000 barrels of renewable diesel per day. ENGlobal’s services will include engineering, detailed design, procurement, module fabrication and automation, with other project responsibilities such as field construction being handled by others.   The hydrogen unit design utilizes Haldor Topsoe technology.  This highly [Read more]
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