Leveraging its strong leadership in petrochemicals
PARIS--(BUSINESS WIRE)--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
Technip is a world leader in project management, engineering and construction for the energy industry.
From the deepest Subsea oil & gas developments to the largest and most complex Offshore and Onshore infrastructures, our 38,000 people are constantly offering the best solutions and most innovative technologies to meet the world s energy challenges.
Present in 48 countries, Technip has state-of-the-art industrial assets on all continents and operates a fleet of specialized vessels for pipeline installation and subsea construction.
Technip shares are listed on the Euronext Paris exchange and traded in the USA on the OTCQX marketplace (OTCQX: TKPPY).
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