Technip awarded contract in Saudi Arabia

Technip has been awarded a contract by the CTCI Corporation (CTCI), an engineering, procurement and construction firm in Taiwan, to provide basic engineering and proprietary equipment for a grassroots ethylene cracking furnace at the Saudi Kayan petrochemical complex in Jubail, Saudi Arabia.

Saudi Kayan Petrochemical Company is an affiliate of SABIC, a public company based in Riyadh, Saudi Arabia, with 70% of the company shares owned by the Saudi Arabian government and 30% held by private investors.

The furnace design will be based on Technip’s proprietary USC® furnace technology. Technip was awarded this project for its best proposal and because of its high capacity, high availability, gas cracking applications.

Technip’s operating centre in Milton Keynes, UK, will execute the project, which is scheduled for completion in 2017.

Stan Knez, President, Technip Stone & Webster Process Technology, commented, "As the largest ethylene licensor and contractor, Technip is pleased that our USC furnace technology was selected for this important ethylene expansion project. The technology has an outstanding track record with more than 60 installations for gas cracking in the last decade.”

As a world leader in gas monetisation, refining and petrochemicals, Technip has a strong expertise in proprietary equipment, technologies and licensing.

Adapted from press release by Francesca Brindle

Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/26052016/ctci-awards-technip-contract-for-saudi-kayan-petrochemical-complex-saudi-arabia-3392/