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  Figure 1. Included in the broad range of turbomachinery manufactured by Atlas Copco Gas and Process are integral-geared process gas compressors   Robert Radimeczky, President of Atlas Copco Gas and Process Division, discusses integral-gear technology, LNG and CO2 compression What trends are impacting the turbomachinery industry? The low oil price is the main factor. From upstream to midstream and downstream sectors such as chemical and petrochemical, all segments are affected. As a result, the number of favorable investment decisions is currently low; the same goes for larger turbocompressors. Also, the geopolitical instability around the globe, even in Europe, hampers new project investment. At the same time, this situation helps sectors that benefit from low hydrocarbon feedstock costs, including turbine or gas turbine- driven power generation, as well as fertilizer production, and any other process using natural gas as feedstock. Another trend is substantial merger & acquisition activity. As a result, capacity has been built up to provide larger turbomachinery, while current demand is low and equipment prices are driven down. End users, these days, are increasingly focusing on CAPEX savings, and going with industry standard specification for machinery. For most application scenarios, users should opt for standardized products. How ...
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