Watch Live

Tweet TWEET

Technip awarded contracts for Westlake Chemical’s ethylene plant expansion in Kentucky

  Technip awarded contracts for Westlake Chemical’s ethylene plant expansion
  in Kentucky

Business Wire

PARIS -- January 29, 2013

RegulatoryNews:

Technip (Paris:TEC) (ISIN:FR0000131708) was awarded engineering and
procurement contracts by Westlake Chemical Corporation (NYSE: WLK) for the
expansion and modernization of the ethylene cracking furnaces and the recovery
section of Westlake’s ethylene plant in Calvert City, Kentucky. The ethylene
production capacity will be increased by 40 percent − from 450 million pounds
per year to 630 million pounds per year − and will use ethane feedstock
instead of propane as per the original design.

The expansion and feedstock conversion of the ethylene plant will enhance
Westlake’s vinyl chain* integration and leverage low-cost ethane being
developed in regional shale gas areas. Westlake is one of the major ethylene
producers in the U.S. and its Calvert City operation is a large integrated PVC
site.

Technip’s operating center in Claremont, California, will execute the work.

Nello Uccelletti, Technip’s Senior Vice President Onshore, commented: “Technip
is pleased to have the opportunity to support Westlake with this important and
strategic project. As the largest ethylene licensor and contractor, Technip
looks forward to bringing its experience and capabilities in the revamp of
cracking furnaces and modernization of ethylene plants to this project. We
will utilize our state-of-the-art proprietary technology from our portfolio,
recently expanded by the acquisition of Stone & Webster process technologies
and associated oil and gas engineering capabilities.”

* Vinyl chain: production of PVC using ethylene and chlorine.

                                      °

                                     ° °

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:

Technip
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 78 66 74
kstewart@technip.com
or
Chuan Wang, +33 (0) 1 47 78 36 27
chuwang@technip.com
http://www.technip.com
 
Press spacebar to pause and continue. Press esc to stop.