Technip Awarded Technology License and Process Design Package Contract for Grassroots Ethylene Cracker in the U.S.
Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) announced today that
it has entered into a contract to supply its proprietary ethylene
technology and PDP(1) to PTTGC America LLC (PTTGCA), a
subsidiary of PTT Global Chemical, Thailand’s largest integrated
petrochemical and refining company, for a 1,000 KTA grassroots ethane
cracker to be located in Belmont County, Ohio, USA.
The plant, which will use low cost ethane from the region’s shale
deposits, will be part of a major shale-based petrochemical complex to
be built by PTTGCA, which is expected to make a final investment
decision in 2016 or 2017.
Key technology components include Technip’s proprietary USC® furnaces
preferred for high-capacity, low-cost gas cracking capabilities as well
as Technip’s well-established ethylene recovery system.
The project will be executed by Technip’s operating center in Houston,
Stan Knez, President, Technip Stone & Webster Process Technology, said: “As
the largest ethylene licensor and contractor, Technip is pleased to
bring its proven ethane cracking and process technologies and experience
to this cracker, which is part of PTTGCA’s first world-scale
petrochemical complex outside of Thailand.”
Previously, Technip provided technology and engineering for PTT Global
Chemical’s 500 KTA ethylene plant in Map Ta Phut, Thailand, which began
operations in 1994.
As a world leader in gas monetization, refining and petrochemicals,
Technip has a portfolio of market leading process technologies,
(1)Process Design Package
Ethylene: 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
USC® technology: during the last 10 years, USC® coil
technology has been installed in 60 furnaces, preferred for
high-capacity, low-cost liquid and gas cracking capabilities.
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 37,500 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 Euronext Paris exchange and traded in
the USA on the OTCQX marketplace (OTCQX: TKPPY) as American Depositary
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Copyright Business Wire 2015
Source: Business Wire
(October 28, 2015 - 2:00 AM EDT)
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