13 December 2016
DETAILS
Technip announces today that
it has extended its successful exclusive
PTA(1) Alliance with BP to Acetic Acid.
The Acetic Acid Alliance, relevant to
FEL(2) 1 and 2 stages of fully owned
and joint-venture projects developed by BP worldwide,
builds on the existing long-standing PTA Alliance.
Technip, in the framework of the PTA relationship
with BP, has engineered approximately
8 million tons per year of PTA capacity
over a span of 20 projects.
Through its operating center in Rome, Italy,
Technip is the exclusive provider of FEL services
for BP PTA fully owned and joint-venture projects
and ISBL(3) FEED(4)
for PTA third-party licensing applications.
The Acetic Acid Alliance will be run out of
the Technip center of Rome, Italy,
where existing synergies with
the PTA relationship will be exploited.
BP’s is a world leader in the Acetic Acid marketplace
and provides state of the art technological suites with
* the Cativa XL™ process based on
methanol carbonylation and
* the SaaBre™ process based on syngas.
Nello Uccelletti,
President Onshore Offshore, Technip
“The extension of the long lasting and value
providing Alliance with BP in PTA to Acetic Acid
proves that these relationships constitute
win-win deals for technology Owners and Contractors.
We look forward to reproduce
in the Acetic Acid domain with BP
the continuous improvement drive
accomplished in the PTA sector.”
Charles Damianides,
Technology Vice-President BP Petrochemicals
"BP’s long-term alliance with Technip in PTA
has been successful, and we look forward to
replicating this success in the Acetic Acid business.”
(1) Purified Terephthalic Acid (PTA),
in the form of white, crystalline powder,
is a raw material for the production of
polyester fibers and plastic materials.
(2) FEL: Front End Loading
(3) ISBL: Inside Battery Limit
(4) FEED: Front End Engineering Design
For more information, contact:
Public Relations
Laure Montcel
Tel. +33 (0)1 49 01 87 81
Delphine Nayral
Tel. +33 (0)1 47 78 34 83
E-mail: press@technip.com
Investor and Analyst Relations
Aurélia Bauday-Vignaud
Tel. +33 (0)1 85 67 43 81
E-mail: abaudeyvignaud@technip.com
Elodie Robbe-Mouillot
Tel. +33 (0)1 85 67 43 86
E-mail: erobbemouillot@technip.com
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