Technip Awarded Important Contract by JBF Petrochemicals Ltd. for a World-scale Petrochemical Plant in India

  Technip Awarded Important Contract by JBF Petrochemicals Ltd. for a
  World-scale Petrochemical Plant in India

Business Wire

PARIS -- January 24, 2013

Regulatory News:

Technip (Paris:TEC) was awarded by JBF Petrochemicals, a wholly–owned
subsidiary of JBF Industries Ltd, an important contract^(1) for a 1.25 million
tons per year latest-generation purified terephthalic acid (PTA) unit, to be
located in the Special Economic Zone in Mangalore, India. PTA is the primary
feedstock for polyesters used in textiles and packaging.

The contract covers the basic engineering, front-end engineering design,
detailed engineering and procurement services for the ISBL (Inside Battery
Limit) and the OSBL (Outside Battery Limit) of the unit. The scope of work
also includes supply of materials and construction management services for the
ISBL. The plant will feature BP’s leading-edge proprietary PTA technology.

Technip’s operating centers in Rome, Italy and in Chennai, Mumbai and Delhi,
India will execute the contract, which is scheduled to be completed in the
first semester of 2015.

Marco Villa, Senior Vice President of Technip Region B^(2), commented: “We are
very proud to have been selected for this world-scale PTA project. It will
bring together the competencies of our operating centers in India and Italy.
This contract also reinforces our strong long-lasting collaboration with BP
for PTA. We believe that the PTA market growth in Asia will open up further
opportunities and we hope to develop a long-term relationship with JBF to
support their future developments.”

B.C. Arya, Chairman, JBF Industries Ltd., commented: “With the commissioning
of this plant, it will be a major step for JBF towards backward integration.
JBF is proud to be associated with BP and look forward to utilizing Technip’s
competency in setting up this world scale project.”

                                     ____

^(1) For Technip, an “important” onshore contract is ranging from €100 to €250
million.

^(2) Technip Region B is composed of Italy, Greece, Eastern Europe/Russia/CIS
and South America.

                                      °
                                     ° °

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: TKPPY).

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
Chuan Wang, +33 (0) 1 47 7836 27
chuwang@technip.com
or
Website
http://www.technip.com
 
Press spacebar to pause and continue. Press esc to stop.