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Illa International LLC and Neste Jacobs intend to co-operate in the phenol process business


Illa International LLC and Neste Jacobs intend to co-operate in the phenol process business

ESPOO, FINLAND -- (Marketwired) -- 04/29/13 --

Neste Jacobs

Press release

29 April 2013 at 13 p.m (EET)

Illa International LLC and Neste Jacobs intend to co-operate in the phenol process business

Illa International LLC (ILLA) and Neste Jacobs Oy have agreed to develop a combined offering in phenol and acetone production technologies, engineering and project services.

Together, the companies intend to offer petrochemical companies an integrated, cost-competitive "one-stop-shop" approach for the purposes of revamping outdated and developing new phenol process facilities.

ILLA's scope will include licensing and Basic Engineering for their proprietary technology and know-how while Neste Jacobs scope will include Front End Engineering Design and Implementation Service as well as support of ILLA in development of Process Design Packages. ILLA has in its possession best available technologies in phenols and Neste Jacobs has strong references in implementing process development and investment projects in phenol and acetone business.

ILLA and Neste Jacobs see significant market potential in revamping and modernization of existing production facilities as well as in construction of new facilities.

"We are excited about this new co-operation with Illa. I am sure that together, we will make a good team serving customers throughout our regions," says Jarmo Suominen, Managing Director of Neste Jacobs.

"I am glad that we have found Neste Jacobs as our co-operation partner. Their expertise in process engineering and investment projects will ensure a strong co-operation, which will help all the parties in their businesses", says Ilya Kuchuk, President of Illa International LLC.

Neste Jacobs Oy

Jarmo Suominen

Managing Director

Neste Jacobs in brief

Neste Jacobs is a preferred solution provider of high-quality technology, engineering and project services for a wide range of industries in the oil and gas, petrochemicals, chemicals and biotechnology fields. We have more than 50 years of experience in technology development and industrial investment projects as well as maintenance and performance improvement in Europe, North and South America, Asi a and the Middle East. In addition to the Nordic countries we are looking to grow in the expanding markets of the Middle East and Russia in particular. We employ some 1.000 professionals globally. www.nestejacobs.com

ILLA in brief

ILLA International, LLC, a U.S. company, is a professional research and engineering team who has been in the phenol business for over 30 years and has become a worldwide leader in phenol technology. The total phenol capacity based on ILLA's technologies approaches 30% of the worldwide phenol production. ILLA International has been successful in implementing its proprietary technologies at phenol plants all over the world, including large and medium capacity plants such as INEOS (Germany, Belgium, USA), SABIC (former General Electric (USA)), FCFC (Taiwan), and Borealis (Finland), and small capacity plants in Mexico and Russia. For its clients, ILLA performs a wide range of services, including: laboratory research and process simulations, baseline studies and troubleshooting of ongoing operations at existing phenol plants, provision of basic engineering design (PDP/BEP) followed by implementation and start-up of the process. Our intellectual property is covered with many patents (totally over 130 patents and additional pending applications). www.illallc.com

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Neste Oil Oyj via Thomson Reuters ONE

[HUG#1697240]

For further information, please contact: Jarmo Suominen Managing Director Neste Jacobs Oy tel +358 50 458 3399

Ilya Kuchuk President Illa International LLC tel +1 847 913 5861 and +7 812 449 0855

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