Technip Signs Contract With SABIC for Major Ethylene and Propylen Plant in Saudi Arabia

Technip has signed a contract with Saudi Basic Industries Corporation (SABIC) for the construction of a large-scale ethylene and propylene production plant at the Yansab Complex in Yanbu Industrial City, on the Red Sea coast of Saudi Arabia. This contract, effective as of May 11 2005 the execution date of the relevant Letter of Intent, covers basic and detail engineering, procurement and supply of materials, construction, pre-commissioning, commissioning and training of the owner’s personnel.

The plant, with a production capacity of 1.3 million mt/year of ethylene and 400 thousand mt/year of propylene, will play a key role in SABIC’s ambitious plan to significantly increase production of basic petrochemicals, intermediates and polymers by 2008.

Technip’s operations and engineering center in Rome (Italy) is executing the contract on a lump sum turnkey basis. The construction of the facilities will be handled by Technip Saudi Arabia. The project is scheduled to be completed in April 2008.

The plant will be based on Technip’s in-house technology and the proprietary SMK™* cracking furnaces will be provided by Technip Benelux. These world-scale gas cracking furnaces will handle both ethane and propane feedstocks.