Technip and Zachry Awarded Chevron Phillips Chemical’s Polyethylene Project in the US

  Technip and Zachry Awarded Chevron Phillips Chemical’s Polyethylene Project
  in the US

Business Wire

PARIS -- October 3, 2013

Regulatory News:

Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) and Zachry Industrial, in
a partnership called Gulf Coast Partners, have been awarded a substantial
contract* to design and build two Polyethylene Plants for Chevron Phillips
Chemical Company LP (Chevron Phillips Chemical) as a part of its US Gulf Coast
Petrochemicals project in Old Ocean, Texas, USA.

The scope of work includes the design, supply and installation of two 500,000
metric tons per annum Polyethylene Plants, together with the related offsites,
utilities and rail yard. The two new Polyethylene Plants will be built
adjacent to the existing Chevron Phillips Chemical facility at Old Ocean.
Detailed design has started and on-site mobilization will commence in the
first half of 2014.

The partnership combines the strengths of both organizations. Technip’s
operating center in Houston will provide detailed design and field support.
Zachry will be responsible for construction. Technip and Zachry will jointly
manage global procurement.

The Polyethylene Plants are part of Chevron Phillips Chemical’s US Gulf Coast
Petrochemicals project, which includes a new grassroots Ethylene Plant at
Cedar Bayou, Texas, USA designed by Technip Stone & Webster Process Technology
and including the supply of proprietary furnaces and equipment. Following its
acquisition of Stone & Webster process technologies last year, Technip
leverages a wider offer in Onshore and has strengthened its downstream
business leadership.

David Dickson, Technip’s Senior Vice President, North America Region,
comments: “We are delighted to have been awarded this flagship project and to
continue our long-standing relationship with Chevron Phillips Chemical. This
award recognizes our outstanding expertise in petrochemical and polymer
projects as well as Zachry’s long standing position as a premier Gulf Coast
construction partner.”


* For Technip, a “substantial” onshore contract is ranging from €250 to 500
million (Technip’s part of the contract).


                                     ° °

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