Technip Awarded Technology License and Process Design Package Contract for Grassroots Ethylene Cracker in Belmont County, Ohio

Technip

announced today that it has entered into a contract to supply its proprietary ethylene technology and PDP(1) to PTTGC America LLC (PTTGCA), 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