Technip and Air Products global hydrogen alliance marks 20 years of success

  Technip and Air Products global hydrogen alliance marks 20 years of success

Business Wire

PARIS -- April 10, 2013

RegulatoryNews:

Technip (Paris:TEC) (ADR:TKPPY) (ISIN:FR0000131708) and Air Products are
celebrating two decades of operational excellence and success to mark the
20-year milestone of the longest and most productive global hydrogen^(1)
alliance supporting the oil and gas industry around the world.

The global alliance^(2) was formed in 1992 to meet refining industry demands
for outsourced hydrogen to make cleaner burning transportations fuels. During
two decades, Technip and Air Products have constructed 35 steam methane
reformer (SMR) hydrogen production plants. Located in 11 countries, the
combined facilities provide the refining and petrochemical industry with more
than 56 million standard cubic meters per day of hydrogen.

Thierry Pilenko, Technip’s Chairman and CEO, stated: “Technip is proud to be a
member of this alliance. The valuable feedback we have received from the
plants designed for Air Products, coupled with Technip’s high standards in
design and engineering, have improved long-term operations, where reliability
over the years is the main focus. In the end, the refining industry benefits
by receiving a reliable and cost-effective source of hydrogen. In addition,
our global footprint ensures that Technip can accompany its clients around the
world, on their projects of tomorrow.”

John E. McGlade, Chairman, President and CEO of Air Products, said: “This
alliance led the global refining industry’s major shift in decision-making to
purchase hydrogen from a third-party instead of making its own. Outsourced
hydrogen is supplied to our customers on a 24/7 basis in tonnage quantities,
and is a critical requirement for refineries to meet clean fuels standards. We
are very proud to have been working side-by-side with Technip on several
continents to help our customers in helping to meet the world’s growing energy
needs in the most reliable, efficient and sustainable manner.”

To commemorate the 20-year milestone of the alliance, Technip and Air Products
awarded a total of $200,000 in scholarships to four colleges and universities:
Indian Institute of Technology (Madras, India); King Abdullah University of
Science and Technology (Saudi Arabia); Lehigh University (Bethlehem,
Pennsylvania); and Rice University (Houston, Texas).

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^(1) Hydrogen is widely used in petroleum refining processes to remove
impurities found in crude oil such as sulfur, olefins and aromatics to meet
the product fuels specifications. Removing these components allows gasoline
and diesel to burn cleaner and thus makes hydrogen a critical component in the
production of cleaner fuels needed by modern, efficient internal combustion
engines.

^(2) The Technip and Air Products global alliance provides the worldwide
refining industry with competitive technology and world-class safety. Technip
provides the design and construction expertise for steam reformers while Air
Products provides the gas separation technology. Technip, from its large
reference base, and Air Products, through its extensive operating network,
also bring effective operational and engineering knowledge to “design-in” high
reliability and efficiency. The plants are operated and maintained by Air
Products under long-term agreements with customers.

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About Technip

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 36,500 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).

About Air Products

Air Products (NYSE:APD) provides atmospheric, process and specialty gases;
performance materials; equipment; and technology. For over 70 years, the
company has enabled customers to become more productive, energy efficient and
sustainable. More than 20,000 employees in over 50 countries supply innovative
solutions to the energy, environment and emerging markets. These include
semiconductor materials, refinery hydrogen, coal gasification, natural gas
liquefaction, and advanced coatings and adhesives. In fiscal 2012, Air
Products had sales approaching $10 billion. For more information, visit
http://www.airproducts.com/.

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
 
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