Technip and Sasol Form a Front-End Engineering Alliance for GTL Facilities

  Technip and Sasol Form a Front-End Engineering Alliance for GTL Facilities

Business Wire

PARIS -- August 21, 2013

Regulatory News:

Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) and Sasol, the owner of
the world’s leading gas-to-liquids* (GTL) technology, announce that they have
established an alliance for front-end engineering services for future Sasol
GTL projects. Furthermore, it also allows for Technip’s participation during
the execution stage of future GTL projects. This alliance, which builds on
existing relationships, aims to achieve industry leading capital productivity,
through the highest standards of HSE, operability, accelerated innovation and
reduced project cycle times.

GTL technology is a process for converting natural gas into petroleum products
such as naphtha and diesel fuel. These fuels are very clean with effectively
no pollution-causing sulfur or aromatic hydrocarbons. The high cetane number
of the diesel fuel will help meet future more stringent specifications. GTL
technology is becoming increasingly important not only for the environmental
advantages of its products, but also because it provides an efficient and safe
solution for the transportation of natural gas. A large portion of gas
reserves are considered unusable or “stranded” because they are too far from
consumers and difficult to transport. GTL offers a way to convert stranded gas
into petroleum products that can be transported and sold using conventional
tankers, pipelines, storage facilities and retail distribution systems.

As the reference and main execution center at Technip for GTL, the operating
center in Rome, Italy will be in charge of the management of the alliance
including the strengthening of the long standing relationship between the
Technip Stone & Webster Process Technology center in Boston, Massachusetts
with Sasol Technology for the hydrocarbon synthesis technology section.

Nello Uccelletti, Technip’s Senior Vice President Onshore, declared: “Through
the acquisition of Stone & Webster process technologies, Technip has become
the exclusive co-developer of Sasol’s hydrocarbon synthesis reactor
technology. We are proud to be Sasol’s contractor of choice for its future GTL
facility projects, thereby confirming both our leading position worldwide as
one of the few contractors with experience in major GTL facilities and our
long-term relationship with Sasol.”

Lean Strauss, Senior Group Executive of Sasol, noted: “Sasol is excited about
its GTL future. We are confident that in working closely together, the design
and execution expertise of Technip will significantly further enhance the
robustness of our GTL value proposition as we grow our business where our
technology strength lies.”

                                     ____

* Gas-to-liquids: transformation of natural gas into liquid fuels

                                      °

                                     ° °

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 38,000 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 traded in
the USA on the OTCQX marketplace (OTCQX: TKPPY).

Contact:

Technip
Public Relations
Christophe Bélorgeot, Tel. +33 (0) 1 47 78 39 92
Floriane Lassalle-Massip, Tel. +33 (0) 1 47 78 32 79
E-mail: press@technip.com
or
Investor and Analyst Relations
Kimberly Stewart, Tel.+33 (0) 1 47 7866 74
E-mail: kstewart@technip.com
David Tadbir, Tel. +33 (0)1 40 90 19 04
E-mail: dtadbir@technip.com
or
Website http://www.technip.com
Find us on Facebook, Twitter
 
Press spacebar to pause and continue. Press esc to stop.