Technip awarded FEED contract by Petrona for proposed RAPID project

20-Mar-12

Technip has been awarded a front-end engineering design (FEED) contract byPETRONAS for its proposed Refinery and Petrochemical Integrated Development (RAPID) project located in the state ofJohor, Malaysia. The contract is scheduled for completion in the second semester of 2013. RAPID aims at building a world-scale integrated refinery and petrochemical complex to meet the growing need for specialty chemicals and to meet the demand for petroleum and commodity petrochemical products in the Asia Pacific region by 2016. The proposed refinery will have a capacity of 300,000 barrels per standard day and will supply naphtha and liquid petroleum gas feedstock for the RAPID petrochemical complex, as well as produce gasoline and diesel that meet European specifications. The petrochemical units, on the other hand, will enhance the value of the olefinic streams coming from the RAPID steam cracker by producing various merchant grades petrochemicals products such as polyethylene, polypropylene, synthetic rubbers and other petrochemicals products. Thierry Pilenko, Chairman and CEO of Technip, stated: “This award builds on our long-term presence in Asia Pacific and confirms our leadership in the refining and petrochemical sectors. By combining the expertise and the teams of our operating centers in Kuala Lumpur (Malaysia), Parisand Lyon (France), we will be able to provide PETRONAS with the best technological solution and execution scheme.”