TPi January 2019

Business & market news

TechnipFMC wins contract for Vietnam’s largest olefins plant

TechnipFMC has been awarded by Long Son Petrochemicals (LSP) a contract for the licensing, engineering, procurement, construction, commissioning and start- up of Vietnam’s first olefins plant on Long Son Island, Ba Ria-Vung Tau province. Designed as a flexible feed cracker, the olefins plant can utilise both naphtha and liquefied petroleum gas (LPG) feeds to produce olefins of up to 1.6mn tons per year, depending on the feedstock mix. The olefins will help meet Vietnam’s rising demand for petrochemical products. The plant will also include proprietary licensed units and will be based on TechnipFMC’s proprietary ethylene technology. TechnipFMC will execute the project in a consortium with SK Engineering &

proprietary ethylene technology and proven engineering, procurement and construction capabilities were key factors in this important, highly competitive award, and confirms our leadership in this market. TechnipFMC will ensure, with SK Engineering & Construction, that this ambitious project is delivered on time and on budget.”

Construction Co, Ltd of South Korea. TechnipFMC is the leader of the consortium and, as a global company, will execute all engineering, as well as the procurement of critical equipment from its operating centres located in Houston, USA; Rome, Italy; and Kuala Lumpur, Malaysia. Nello Uccelletti, president of TechnipFMC’s onshore/offshore business, commented, “Our reliable

TechnipFMC plc – UK www.technipfmc.com

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January 2019 TUBE PRODUCTS INTERNATIONAL