Technip Awarded Contract to Supply Furnaces in an Ethylene Plant in Russia

Regulatory News:

Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) was awarded by Public Joint Stock Company (PJSC) Kazanorgsintez⁽¹⁾ a contract to provide engineering and procurement of three proprietary SMK™ grassroots furnaces at Kazan, Republic of Tatarstan, Russia. The furnaces will be part of the ethylene plant at the site.

This project is another step in Kazanorgsintez’ ongoing cracking furnaces replacement program and confirms the long-standing relationship between the two companies. In 2007 and 2015, Technip supplied SMK™ double-cell cracking furnaces to Kazanorgsintez with successful start-up and operation. This furnace type is particulary suitable for cracking high-capacity, low-cost ethane and propane gas feedstock.

Technip’s operating center in Zoetermeer, The Netherlands, will execute the project, which is scheduled for mechanical completion in 2018.

Stan Knez, President, Technip Stone & Webster Process Technology, commented: "We value our long-standing relationship with Kazanorgsintez and their continued trust in Technip, the world’s largest ethylene licensor and contractor. Our SMK™ coil technology has been applied in more than 100 installations around the world and is recognized for giving clients reliable, flexible and highly selective solutions to improve operational efficiency.”

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⁽¹⁾ PJSC Kazanorgsintez is one of the largest chemical industry companies in Russia.

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