Technip bags contract for PTTGC's ethylene cracker project in US

The plant, which will use low cost ethane from the region's shale deposits, will be part of a major shale-based petrochemical complex to be built by PTTGCA

Technip bags contract for PTTGC’s ethylene cracker project in US
BS B2B Bureau Paris, France
Last Updated : Nov 05 2015 | 12:34 PM IST
French EPC company Technip on October 28 2015 entered into a contract to supply its proprietary ethylene technology and PDP (process design package) to PTTGC America LLC, a subsidiary of PTT Global Chemical, Thailand’s largest integrated petrochemical and refining company, for a 1,000 KTA grassroots ethane cracker to be located in Belmont County, Ohio, USA.
 
The plant, which will use low cost ethane from the region’s shale deposits, will be part of a major shale-based petrochemical complex to be built by PTTGCA, which is expected to make a final investment decision in 2016 or 2017.
 
Key technology components include Technip’s proprietary USC furnaces preferred for high-capacity, low-cost gas cracking capabilities as well as Technip’s well-established ethylene recovery system.
 
Stan Knez, president, Technip Stone & Webster Process Technology, said, “As the largest ethylene licensor and contractor, Technip is pleased to bring its proven ethane cracking and process technologies and experience to this cracker, which is part of PTTGCA’s first world-scale petrochemical complex outside of Thailand.”
 
Previously, Technip provided technology and engineering for PTT Global Chemical’s 500 KTA ethylene plant in Map Ta Phut, Thailand, which began operations in 1994.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 03 2015 | 12:32 PM IST

Next Story