Technip and Zachry Awarded Chevron Phillips Chemical’s Polyethylene Project
in the US
PARIS -- October 3, 2013
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
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
* For Technip, a “substantial” onshore contract is ranging from €250 to 500
million (Technip’s part of the contract).
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).
Christophe Bélorgeot Tel. +33 (0) 1 47 78 39 92
Investor and Analyst Relations
Kimberly Stewart Tel.+33 (0) 1 47 7866 74
David Tadbir Tel. +33 (0)1 40 90 19 04
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