October 14, 2008

Technip Receives Engineering Contract to Expand Russian Ethylene Plant

Technip has been awarded a lumpsum engineering and procurement contract by Sibur Neftehim, worth approximately E45 million, to expand an ethylene plant in Kstovo, Russia.

Technip's operating center in Zoetermeer, The Netherlands, will execute the contract, which follows the basic engineering contract already carried out by Technip.

It covers detailed engineering, procurement and supply of main equipment and materials. Technip will also provide technical assistance during construction, commissioning and start-up.

The plant will be based on Technip's proprietary technology. During the first phase, it will be expanded to a capacity of 360,000 tons per year. In the second phase, it would be further expanded to a capacity of 450,000 tons per year.