Press Releases - Contracts

Paris, July 29, 2004

Technip awarded contract for hydrogen plant in Louisiana (USA)

Technip announces today that Technip USA Corp., its U.S. entity based in Claremont (California), has been awarded a 110 million standard cubic foot per day hydrogen plant by Air Products and Chemicals, Inc to be located at Convent, Louisiana.

Technip’s scope covers design, engineering and procurement for the plant. The hydrogen plant will utilize Technip’s state of the art steam reforming technology and the design will be tailored for a high degree of energy efficiency as well as environmental compliance.

The plant will supply hydrogen to the Motiva Enterprises LLC and Marathon Ashland Petroleum LLC (MAP) refineries respectively in Convent and Garyville (capacity: 225,000 barrel-per-day and 255,000 barrel-per-day). The unit will also provide hydrogen to Air Products’ Mississippi River corridor pipeline system. The hydrogen facility, which will help produce cleaner transportation fuels and other petroleum products from heavier, sour crude feedstocks, will be owned and operated by Air Products and is expected to be on-stream in November 2005.

Technip has been in a global alliance with Air Products since 1992 for the supply of hydrogen plants worldwide, and has so far supplied 24 hydrogen facilities, with an aggregate capacity of over one billion standard cubic feet per day of hydrogen.

About Technip

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.

About Air Products

Air Products (NYSE:APD) serves customers in technology, energy, healthcare and industrial markets worldwide with a unique portfolio of products, services and solutions, providing atmospheric gases, process and specialty gases, performance materials and chemical intermediates. Founded in 1940, Air Products has built leading positions in key growth markets such as semiconductor materials, refinery hydrogen, home healthcare services, natural gas liquefaction, and advanced coatings and adhesives. The company is recognized for its innovative culture, operational excellence and commitment to safety and the environment. With annual revenues of $6.3 billion and operations in over 30 countries, the company's 18,500 employees build lasting relationships with their customers and communities based on understanding, integrity and passion.
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Technip trades under the symbol TKP on the NYSE and under the ISIN FR0000131708 on the Euronext.