Technip awarded FEED contract for Petronas refinery, petrochem project

14-Mar-12

Technip has been awarded a front-end engineering design (FEED) contract by PETRONAS for its proposed refinery and petrochemical integrated development (RAPID) project located in the state of Johor, Malaysia. The contract is scheduled for completion in H2-2013. The contract is scheduled for completion in H2-2013. Financial terms have not been disclosed. RAPID aims at building a world-scale integrated refinery and petrochemical complex by 2016 to answer the growing need for specialty chemicals and to meet demand for petroleum and commodity petrochemical products in the Asia-Pacific region. The proposed refinery will have a capacity of 300,000 bpd 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 grade petrochemicals products such as polyethylene, polypropylene, synthetic rubbers and other petrochemicals products. “This award builds on our long-term presence in Asia Pacific and confirms our leadership in the refining and petrochemical sectors,” said Thierry Pilenko, CEO of Technip. “By combining the expertise and the teams of our operating centers in Kuala Lumpur (Malaysia), Paris and Lyon (France), we will be able to provide PETRONAS with the best technological solution and execution scheme.”