Contract award for ethylene plant in Kuwait
The Dow Chemical Company, (Dow) and Petrochemical Industries Company, Kuwait (PIC) have contracted Technip USA Corporation, a fully owned affiliate of Technip, to provide engineering services covering cracking furnaces and the recovery section of the new Ethylene Plant, planned for the Olefins-2 Petrochemicals Complex to be constructed in Shuaiba, Kuwait which is a Joint Venture between Dow and PIC.
The plant will be designed based on Technip’s ethylene technology provided by Technip Claremont in California.
The selection of Technip ethylene technology is recognition by Dow (world’s largest ethylene producer) and PIC of Technip’s capabilities in process technology, design and engineering of world scale ethylene plants.
With a workforce of about 19,000 persons, Technip ranks among the top five corporations in the field of oil, gas and petrochemical engineering, construction and services. Headquartered in Paris, the Group is listed in New York and Paris. The Group’s main engineering and business centers are located in France, Italy, Germany, the UK, Norway, Finland, the Netherlands, the United States, Brazil, Abu-Dhabi, China, India, Malaysia and Australia. The Group has high-quality industrial and construction facilities in France, Brazil, the UK, the USA, Finland and Angola as well as a world-class fleet of offshore construction vessels.
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Technip trades under the symbol TKP on the NYSE and under the ISIN FR0000131708 on the Euronext.