Technip Awarded Technology and Engineering Contract for Sasol’s Ethane
Cracker in Louisiana
PARIS -- October 16, 2013
Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) was awarded by Sasol a
contract to supply its proprietary ethylene technology and front-end
engineering design (FEED) for a world-class grassroots ethane cracker. This
cracker, to be located at Sasol’s Lake Charles site in Louisiana, USA, will
produce an estimated 1.5 million tons per annum of ethylene.
Technip’s operating center in Houston, Texas, will execute the FEED project,
which is scheduled for completion by the end of 2013
Stan Knez, Technip’s Senior Vice President, Process Technology, commented: “We
are pleased that Sasol selected our technology for this world-scale cracker,
which will benefit from the current low US natural gas prices and abundance of
ethane. As the largest ethylene licensor and contractor, Technip is proud to
support Sasol’s objectives to expand its downstream business in the US.”
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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