PARIS--(BUSINESS WIRE)--Regulatory News:
Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) has been awarded by Unipetrol a significant(1) lump sum contract to supply four cracking furnaces for their ethylene plant in Zaluzi, Czech Republic.
The project covers the engineering, supply and construction of the furnaces, including the associated pipe-rack. These new furnaces will replace damaged units at the site.
Two furnaces will be based on Technip’s proprietary SMK™ coil technology and the two others on Technip’s proprietary GK6® coil technology. During the last 10 years, SMK™ has been applied in more than 100 furnaces and GK6® in more than 76 furnaces.
The project will be executed by Technip’s office in Zoetermeer, The Netherlands, a center of excellence for ethylene technology.
Nello Uccelletti, President Onshore/Offshore, commented: "We are pleased that Unipetrol selected our furnace technology to help restore their ethylene plant into full operation. Our priority is to deliver this project safely and in accordance with the agreed fast-track schedule. This project strengthens our relationship with Unipetrol, following our recent award for a polyethylene unit."
(1) For Technip, a “significant” onshore contract is ranging from €50 to €100 million.
Learn more about Technip’s Ethylene Technologies: http://www.technip.com/en/our-business/onshore/ethylene
Technip is a world leader in project management, engineering and construction for the energy industry.
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