Technip (TKPPY: OTCQX International Premier) | Technip Awarded Engineering and Procurement Contract for Westlake Chemical’s Ethylene Plant Expansion in Louisiana

Technip Awarded Engineering and Procurement Contract for Westlake Chemical’s Ethylene Plant Expansion in Louisiana

Nov 18, 2014

OTC Disclosure News Service

Regulatory News:

Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) was awarded a
contract by Westlake Chemical Corporation (NYSE: WLK) to provide
detailed engineering and procurement services to expand the recovery
section of Westlake’s Petro 1 ethylene plant at its complex in Sulphur,
Louisiana, USA.

Technip’s operating center in Houston, Texas, USA, will execute the
project, with support from the Group’s office in Mumbai, India.

Stan Knez, Senior Vice President, Technip Stone Webster Process
Technology, commented: “This award follows a series of Technip
feasibility studies to help Westlake evaluate expansion options and
development of the process design package and front end engineering
design for the expansion. Technip is pleased to bring its extensive
ethylene plant modernization experience and continue its involvement in
bringing this important project to fruition.”

Technip has widened its range of services and has reinforced its
leadership in the downstream business since the acquisition of Stone
Webster process technologies in 2012.

 

Fast facts

About ethylene and the recovery section of the plant:

– Widely used in the production of consumer goods, such as
plastics or polymers, ethylene is a hydrocarbon produced in
the petrochemical industry by steam cracking, i.e. transformation
of hydrocarbons by pyrolysis above 820°C.

– The recovery section of an ethylene plant separates and
purifies cracked gas into saleable products such as ethylene and
propylene.

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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 40,000 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).

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Article source: http://www.otcmarkets.com/stock/TKPPY/news?id=91865

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