PARIS - (Business Wire) Regulatory News:
Technip (Paris:TEC) (ISIN:FR0000131708) has been awarded by KNM Process Systems Sdn Bhd a contract to provide assistance in the detailed engineering of the fatty acids methyl ester transesterification(1) unit for a biodiesel(2) production plant to be located at the port of Kuantan, Malaysia. This project will be executed by Mission Biofuel Sdn Bhd (investor), KNM (contractor) and Axens (licensor).
The unit will produce 250,000 tons of biodiesel per year from palm oil. It is scheduled to go into production in the third quarter of 2008.
Technip’s operating center in Kuala Lumpur (Malaysia) will execute this contract with assistance from the Group’s operating center in Paris, which already built six production units in this sector of activity.
(1) Transesterification is a chemical reaction during which a fat or oil is reacted with an alcohol in the presence of a catalyst.
(2) Biodiesel or Diester, obtained by the transesterification of vegetable oils, is used in a mixture with diesel oil for diesel engines. Biodiesel represents a clean and renewable energy.
With a workforce of 23,000 people, Technip ranks among the top five corporations in the field of oil, gas and petrochemical engineering, construction and services. The Group is headquartered in Paris.
The Group’s main operating centers and business units are located in France, Italy, Germany, the UK, Norway, Finland, the Netherlands, the USA, Brazil, Abu-Dhabi, China, India, Malaysia and Australia.
In support of its activities, the Group manufactures flexible pipes and umbilicals, and builds offshore platforms in its manufacturing plants and fabrication yards in France, Brazil, the UK, the USA, Finland and Angola, and has a fleet of specialized vessels for pipeline installation and subsea construction.
The Technip share is listed in Paris on Euronext Paris.
Technip
Public Relations
Yves Gautier Tel. +33 (0) 1 47 78 25 33
Floriane Lassalle-Massip Tel. +33 (0) 1 47 78 32 79
E-mail: press@technip.com
or
Investor and Analyst Relations
Kimberly Stewart Tel. +33 (0) 1 47 78 66 74
E-mail : kstewart@technip.com
or
Xavier d’Ouince Tel. +33 (0) 1 47 78 25 75
E-mail: xdouince@technip.com
or
Group website http://www.technip.com
