Technip Awarded Contract to Provide Engineering and Equipment for Project in Saudi Arabia
View all news from:
View directory entry for: TechnipFMC
26 May 2016
Technip was awarded a contract by CTCI(1) to provide basic engineering and proprietary
equipment for a grassroots ethylene cracking furnace at the Saudi Kayan(2) petrochemical
complex in Jubail, Saudi Arabia.
The furnace design will be based on Technipís proprietary USC® furnace technology.
Technip was awarded this project for its best proposal and because of its high-capacity, high
availability, gas cracking applications.
Technipís operating center 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.Ē
As a world leader in gas monetization, refining and petrochemicals, Technip has a strong
expertise in proprietary equipment, technologies and licensing.
(1)CTCI Corporation is providing the engineering, procurement and construction of Saudi Kayanís new
cracking furnace. Founded in 1979, CTCI is the largest engineering, procurement and construction
firm in Taiwan.
(2)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.