|[October 16, 2013]
Technip Awarded Technology and Engineering Contract for Sasol's Ethane Cracker in Louisiana
PARIS --(Business Wire)--
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
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.
shares are listed on the NYSE Euronext Paris exchange and traded in the
USA on the OTCQX marketplace (OTCQX: TKPPY).
[ Back To Technology News's Homepage ]