Technip Awarded FEED Contract for a New Biomass-to-Liquid Plant in Finland

  Technip Awarded FEED Contract for a New Biomass-to-Liquid Plant in Finland

Business Wire

PARIS -- June 13, 2013

Regulatory News:

Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) was awarded by Forest BtL
Oy a contract, worth approximately €5 million, for the front-end engineering
and design (FEED) of a new second generation biomass-to-liquid* (BTL) plant to
be built on Ajos island, Finland. This plant will produce approximately
140,000 tons of biodiesel and naphtha from wood and by-products from the
wood-processing industry. This feedstock has many advantages as it is not used
for human food, it does not jeopardize the existing local biomass usage and
has a low CO[2] footprint.

Technip will develop the process design package of the hydrogen production
unit of the plant, based on its steam reformer proprietary technology, and
will prepare the FEED for the hydrogen production, Fischer-Tropsch synthesis
and refining units.

Technip’s operating center in Lyon, France, together with the Group’s hydrogen
technology center in Zoetermeer, The Netherlands will execute the contract,
which is scheduled to be completed in the first semester of 2014.

The Ajos BtL project is supported by the European Union NER300 funding program
for innovative renewable energy technologies. This project will be an
industrial first and will reinforce Technip’s leading position on new
generation biofuels projects.

                                     ____

* Biomass-to-liquid or BTL is a new generation biofuel, consisting of a
multi-step process to produce liquid biofuels from biomass. Main technological
steps are gasification, syngas cleaning and Fischer-Tropsch synthesis.

                                      °

                                     ° °

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).

Contact:

Technip
Public Relations
Christophe Bélorgeot, +33 (0) 1 47 78 39 92
or
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
Website
http://www.technip.com
 
Press spacebar to pause and continue. Press esc to stop.