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Technip Awarded Ethylene Plant Expansion Contract in Russia

2:50 AM MDT | October 13, 2008 | Natasha Alperowicz

Technip says it has been awarded a contract by Sibur Neftekhim (Moscow) for a previously announced expansion of Sibur's ethylene plant at Kstovo, Russia. The €45 million ($62.1 million) lumpsum turnkey engineering, procurement and supply of equipment contract covers the expansion of ethylene capacity in two phases, first to 360,000 m.t./year and later to 450,000 m.t./year. Technip will use its proprietary technology and carry out the work from its Zoetermeer, the Netherlands office. The plant will supply ethylene feedstock for a previously announced...

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