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Press Release - March 8, 2018

Tokyo, Japan - March 8, 2018

Yokogawa Wins Order from Zhejiang Petrochemical to Supply 190 GC8000 Gas Chromatographs for New Integrated Refinery and Petrochemical Complex in China

Process Gas Chromatograph GC8000

Process Gas Chromatograph GC8000

Yokogawa Electric Corporation (TOKYO: 6841) announces that its subsidiary, Yokogawa China Co., Ltd., has won an order to supply the gas chromatographs for the first phase of a project to construct an integrated refinery and petrochemical production complex that is being undertaken by Zhejiang Petrochemical Co., Ltd. at a new industrial site in the Zhoushan archipelago.

Zhejiang Petrochemical was established on June 2015 as a limited partnership between Rongsheng Petrochemical Co., Ltd., Juhua Group, Zhejiang Tongkun Holding Group Co., Ltd., and Zhoushan Ocean Comprehensive Development and Investment Co., Ltd. It is a private holding, state-owned joint-stock company. The company is mainly engaged in crude oil import and export, oil refining, petrochemical production, and the sales, storage, and transportation of its products.

This new, large-scale integrated refining and petrochemical complex that is being built by Zhejiang Petrochemical will eventually have an overall refining capacity of 40 million tons per year. The facilities that are being built include a crude oil terminal, oil refining and petrochemical production process units, storage tanks, and transport and service installations. The units constructed in the first phase will have the capacity to refine 20 million tons per year of crude oil and produce 1.4 million tons per year of ethylene. The first phase of this project is expected to be completed and put into production by the end of December 2018.

For the first phase of this project, Yokogawa China will supply 190 Yokogawa GC8000 process gas chromatographs. This is Yokogawa's largest order to date for the GC8000, an analyzer that separates and measures the density of the components in gases and volatile liquids.

Yokogawa was able to win this order thanks to the excellent quality of the GC8000 and the company's good track record in working with Chinese refineries and chemical plants. Spurred by this order, Yokogawa will expand the sale of its process analyzer systems and pick up the pace of its process analyzer systems integration business, and based on its corporate brand slogan of Co-innovating tomorrow® will help its customers improve their product quality.

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About Yokogawa

Yokogawa's global network of 113 companies spans 60 countries. Founded in 1915, the US$3.5 billion company engages in cutting-edge research and innovation. Yokogawa is active in the industrial automation and control (IA), test and measurement, and aviation and other businesses segments. The IA segment plays a vital role in a wide range of industries including oil, chemicals, natural gas, power, iron and steel, pulp and paper, pharmaceuticals, and food. Targeting this segment, Yokogawa helps companies maximize their profits by offering a wide range of highly reliable products and working with the subsidiary KBC Advanced Technologies to provide premium solutions and services. For more information about Yokogawa, please visit www.yokogawa.com.

The names of corporations, organizations, and products herein are either trademarks or registered trademarks of their respective holders.


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