Noretyl AS owns and operates an Ethylene cracker at Rafnes in Norway, for which it has signed a modification contract with Grenland Group. The contract includes procurement of material and prefabrication of steel and pipe systems together with installation of process equipment and a large column, in order to increase the flexibility in production of liquid ethylene. Piping and structural steel will be fabricated at Grenland Group's yards in Grenland. The contract has a value of approx NOK 20-25 mln to Grenland Group.
Work on the modification will commence with immediate effect and the fabrication and installation work will proceed till August 2008.
Noretyl AS and the process industry in the South East part of Norway have been important customers for Grenland Group for many years. The Company is satisfied to be a key contractor on this modification project at Noretyl.