Technip Announces the Extension of Its Successful PTA Alliance with BP to Acetic Acid
13 Dezembro 2016 - 4:00AM
Business Wire
Regulatory News:
Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) announces
today that it has extended its successful exclusive PTA(1) Alliance
with BP to Acetic Acid.
The Acetic Acid Alliance, relevant to FEL(2) 1 and 2 stages of
fully owned and joint-venture projects developed by BP worldwide,
builds on the existing long-standing PTA Alliance.
Technip, in the framework of the PTA relationship with BP, has
engineered approximately 8 million tons per year of PTA capacity
over a span of 20 projects.
Through its operating center in Rome, Italy, Technip is the
exclusive provider of FEL services for BP PTA fully owned and
joint-venture projects and ISBL(3) FEED(4) for PTA third-party
licensing applications.
The Acetic Acid Alliance will be run out of the Technip center
of Rome, Italy, where existing synergies with the PTA relationship
will be exploited.
BP’s is a world leader in the Acetic Acid marketplace and
provides state of the art technological suites with the Cativa XLTM
process based on methanol carbonylation and the SaaBre™ process
based on syngas.
Nello Uccelletti, President Onshore Offshore, Technip, stated:
“The extension of the long lasting and value providing Alliance
with BP in PTA to Acetic Acid proves that these relationships
constitute win-win deals for technology Owners and Contractors. We
look forward to reproduce in the Acetic Acid domain with BP the
continuous improvement drive accomplished in the PTA sector.”
Charles Damianides, Technology Vice-President BP Petrochemicals,
commented: "BP’s long-term alliance with Technip in PTA has been
successful, and we look forward to replicating this success in the
Acetic Acid business.”
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
close to 31,000 people are constantly offering the best solutions
and most innovative technologies to meet the world’s energy
challenges.
Present in 45 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 its ADR is
traded in the US on the OTCQX marketplace as an American Depositary
Receipt (OTCQX: TKPPY).
(1)Purified Terephthalic Acid (PTA), in the form of white,
crystalline powder, is a raw material for the production of
polyester fibers and plastic materials.(2)FEL: Front End
Loading(3)ISBL: Inside Battery Limit(4)FEED: Front End Engineering
Design
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version on businesswire.com: http://www.businesswire.com/news/home/20161212006104/en/
Public RelationsLaure MontcelTél. +33 (0) 1 49 01 87
81Delphine NayralTél. +33 (0) 1 47 78 34 83E-mail:
press@technip.comorInvestor and Analyst RelationsAurélia
Baudey-VignaudTel. +33 (0) 1 85 67 43 81E-mail:
abaudeyvignaud@technip.comElodie Robbe-MouillotTel. +33 (0) 1 85 67
43 86E-mail: erobbemouillot@technip.comorMore
informationWebsite
http://www.technip.com@TechnipGroup
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