Technip Awarded Engineering & Design Contracts for a New Ethylene Production Plant at Dow Texas Operations

  Technip Awarded Engineering & Design Contracts for a New Ethylene Production
  Plant at Dow Texas Operations

Business Wire

PARIS -- October 26, 2012

Regulatory News:

Technip (Paris:TEC) was awarded by The Dow Chemical Company (NYSE: DOW) the
front-end engineering and design (FEED) contract and cracking furnaces
engineering and procurement services for a previously announced new large
world-scale ethylene production plant to be located at Dow Texas Operations in
Freeport, Texas. The Dow Chemical Company is the largest ethylene-based
chemical producer in the world.

The new facility will be based on low-cost ethane feedstock. The products from
the new plant will be utilized for Dow’s downstream facilities in the Gulf
Coast in Texas and Louisiana. Texas Operations is Dow's largest integrated
manufacturing site worldwide and the largest single-company chemical complex
in North America.

Technip’s operating center in Claremont, California, will execute this
contract. The FEED activities are targeted for completion in mid-2013.

Nello Uccelletti, Technip’s Senior Vice President Onshore commented: “Technip
is the largest ethylene licensor and contractor. We are proud to have earned
the confidence of The Dow Chemical Company in Technip’s experience and
capabilities in the design and engineering of complete ethylene plants. This
is the fourth new grassroots ethylene plant of The Dow Chemical Company
worldwide that has been awarded back-to-back to Technip in the last 10 years
for providing FEED services. This contract will be based on Technip’s
state-of-the-art proprietary technology, part of its portfolio of technologies
recently expanded by the acquisition of Stone & Webster process technologies
and associated oil and gas engineering capabilities.”

Technip and its top management are appreciative of The Dow Chemical Company’s
confidence in its capabilities and Technip is committed to providing the FEED
services for the new ethylene plant of quality equal to or better than Dow’s
expectations.

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Technip is a world leader in project management, engineering and construction
for the energy industry.

From the deepest Subsea oil & gas developments to the largest and most complex
Offshore and Onshore infrastructures, our 32,000 people are constantly
offering the best solutions and most innovative technologies to meet the
world’s energy challenges.

Present in 48 countries, Technip has state-of-the-art industrial assets on all
continents and operates a fleet of specialized vessels for pipeline
installation and subsea construction.

Technip shares are listed on the NYSE Euronext Paris exchange and the USA
over-the-counter (OTC) market as an American Depositary Receipt (ADR: TKPPK).

Contact:

Public Relations
Christophe Bélorgeot, +33 (0) 1 47 78 39 92
Floriane Lassalle-Massip, +33 (0) 1 47 78 32 79
press@technip.com
or
Investor and Analyst Relations
Kimberly Stewart, +33 (0) 1 47 7866 74
kstewart@technip.com
or
Apollinaire Vandier, +33 (0) 1 47 7860 74
avandier@technip.com
or
Website
http://www.technip.com