Technip Awarded a Revamp Contract for an Ammonia Unit in Vietnam

Regulatory News:

Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY), in a consortium with Petrovietnam Technical Services Corporation (PTSC), has been awarded a engineering, procurement, construction and commissioning contract by PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo). The project covers the revamping of the ammonia plant at the existing Phu My Fertilizer Complex, located in southern Ba Ria-Vung Tau Province, Vietnam.

The plant upgrade will increase the current ammonia output by 20% at the Phu My Fertilizer complex, using Haldor Topsoe technology⁽¹⁾. The ammonia will notably be used as feedstock for a new NPK⁽²⁾ plant and for the domestic market supply.

Technip’s operating centers in Rome, Italy; Kuala Lumpur, Malaysia and Ho Chi Minh City, Vietnam will execute the contract. The expanded ammonia plant will be brought into operation in the second half of 2017.

KK Lim, President of Technip in Asia Pacific, commented: "We are delighted to be working with PVFCCo again, having engineered and built the initial Phu My Fertilizer Complex which was successfully commissioned in 2004. This award reinforces our long lasting relationship and demonstrates the client’s continued confidence in Technip as a leader in the fertilizer sector which offers solutions based on the world reputed Haldor Topsoe process technology.”

⁽¹⁾ Haldor Topsoe is a world leader in catalysis and surface science.
⁽²⁾ Nitrogen, Phosphorous, and Potassium

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