Technip Awarded Contract for a Polyethylene Expansion Project in Canada

  Technip Awarded Contract for a Polyethylene Expansion Project in Canada

Business Wire

PARIS -- May 16, 2013

Regulatory News:

Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) was awarded by NOVA
Chemicals Corporation the detail engineering, and procurement services
contract for the Polyethylene 1 expansion project located at their Joffre
site* near Red Deer in Alberta, Canada.

The project includes the installation of a world-scale 431-kiloton per annum
(950 MM lbs/yr) single-train linear low density polyethylene (LLDPE) unit.
NOVA Chemicals will expand its total Joffre site polyethylene capacity by
approximately 40% and will utilize existing site ethylene capacity.

Technip, in addition to detail engineering and procurement of the new reaction
section, extrusion section, and railcar loading section, will modify the
existing purifications systems. Technip will also design the plant off-sites,
utilities, interconnections, and other supporting units for the facility.

Technip’s operating centers in Houston, Texas, Calgary, Canada and Chennai,
India will execute the work under this contract. Work for this phase of the
project began at the end of 2012, with completion of engineering in 2014, and
systems start up in late 2015.

David Dickson, Technip’s Senior Vice President in North America, stated:
“Technip welcomes this unique opportunity to continue its relationship with
our key client NOVA Chemicals. We are delighted to have been awarded this
contract after successfully completing the pre front-end engineering design
(Pre-FEED) and FEED for this expansion project. This new contract solidifies
the Group’s leadership in the execution of polyolefin projects as well as its
privileged position as EPC contractor in North America and around the world.”


* NOVA Chemicals principal business is the production and selling of plastics
and chemicals. Their Joffre facility near Red Deer, Alberta, Canada is one of
the largest ethylene and polyethylene complexes in the world. The site
consists of five manufacturing facilities owned by NOVA Chemicals; three for
ethylene production and two for polyethylene production.


                                     ° °

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