Press Releases - Contracts


Paris, December 6, 2005

Technip awarded polypropylene contract for Petrochina Dushanzi complex in China

Technip, in association with Innovene as licensor, has been awarded by Petrochina International a contract for two lines of polypropylene (*) for Petrochina Dushanzi Petrochemical Company’s new complex in the Xinjiang Province, China.

The contract, worth over 50 millions US $ for Technip, covers the basic and front-end engineering, the procurement of key equipment and material and the technical assistance for construction and commissioning.

The facility will be designed based on Innovene technologies to produce 550,000 tons/year of polypropylene.

The contract will be carried out by Technip’s operations and engineering center (OEC) in Kuala Lumpur (Malaysia) with the support of the Lyon OEC (France).

The plant is scheduled for completion at the end of 2007 for a commissioning in early 2008.

Technip has been working for Petrochina for over 30 years. This new contract, for one of Petrochina’s major petrochemical investments represents a new milestone in the long-term cooperation between the companies.

(*) Due to its exceptional shock resistant properties, polypropylene is a plastic used in a wide range of industries including automobile parts, household goods, fibers and films.

 

With a workforce of about 20,000 people, 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 operations and engineering centers are located in France, Italy, Germany, the UK, Norway, Finland, the Netherlands, the USA, Brazil, Abu-Dhabi, China, India, Malaysia and Australia. In support of its activities, the Group manufactures flexible pipes and umbilicals, and builds offshore platforms in its manufacturing plants and fabrication yards in France, Brazil, the UK, the USA, Finland and Angola, and has a fleet of specialized vessels for pipeline installation and subsea construction.

 

Technip Public Relations

Laurence Bricq: Ph. +33 (0) 1 47 78 26 37 Fax: +33 (0) 1 47 78 24 33 lbricq@technip.com

Marina Toncelli: Ph. +33 (0) 1 47 78 66 69 Fax: +33 (0) 1 47 78 24 33 mtoncelli@technip.com

 

Technip Investor and Analyst Relations

G. Christopher Welton: Ph. +33 (0) 1 47 78 66 74 Fax: +33 (0) 1 47 78 67 58 cwelton@technip.com

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Technip trades under the symbol TKP on the NYSE and under the ISIN FR0000131708 on the Euronext.