Technip awarded construction contract

recently signed a contract for the construction of an ethylene plant at The Kuwait Olefins Company’s (TKOC) new Olefins-2 Petrochemical Complex in

.

This contract covers the engineering, procurement and supply of equipment and materials, construction and pre-commissioning and follows the signing in June 2005 of a memorandum of understanding between Technip and TKOC, a joint venture between Dow and Petrochemical Industries Company, Kuwait.

According to a statement, the plant, with a planned production capacity of 850,000 mt/year, will play an important role in Kuwait’s program to significantly increase the country’s ethylene derivatives production by 2008.

Technip’s operations and engineering centre in Rome, Italy will execute the contract. The project is scheduled to be completed early 2008.

The basic engineering for the proprietary SMK cracking furnaces, as well as the front-end design for the recovery section, have already been provided by Technip’s operations and engineering centre in Claremont, California.