The French contractor Technip has been awarded a contract to provide engineering and equipment for an ethylene cracking furnace at a petrochemicals plant in Saudi Arabia.
The contract is from CTCI, a Taipei-based EPC company with annual revenues of 7.6 billion Taiwanese dollars (Dh859.6m). CTCI won a US$94.5m contract from Saudi Kayan in February to build the cracker in Jubail Industrial City in the kingdom’s Eastern Province.
Saudi Kayan is looking to boost capacity at the plant to produce 93,000 tonnes of ethylene a year.
Technip said that it would use proprietary furnace technology that offers high-capacity gas cracking capability. The work will be carried out at Technip’s unit at Milton Keynes in the UK.
Stan Knez, the president of Stone & Webster — a process technology business acquired by Technip in 2012, said: “As the largest ethylene licenser and contractor, Technip is pleased that our furnace technology was selected for this important ethylene expansion project.
“The technology has an outstanding track record with more than 60 installations for gas cracking in the last decade."
The project will be completed in the second half of next year.
Last year, Technip reported a 14 per cent increase in revenue to €12.2bn, but net profit plunged by 90 per cent to €45.1m, mainly due to restructuring costs.
Saudi Kayan is a shareholder in the $20bn Sadara Chemical Complex, which is being built in Jubail Industrial City. Work on the project, which is the biggest chemical complex to be built in a single phase, is almost complete. It has been created to help diversify the kingdom’s economy.
Chemicals produced at Sadara will feed a new, 12 square kilometre industrial park, PlasChem Park, where a range of products from paints and coatings to pharmaceuticals, soaps and plastic packaging will be produced. According to the Deloitte Powers of Construction report on Wednesday, of the region’s $5 trillion worth of projects in the “pre-execution" phase – that is construction work that is yet to start – 5.5 per cent are in the chemicals market.
Cynthia Corby, the leader of Deloitte’s Middle East construction team, said that despite a 14 per cent decline in anticipated contract awards this year to $160bn, governments still “need to diversify income streams and prioritise their spending".
The Femern Link Contractors joint venture has signed today with the Danish government *contracts in Copenhagen for the design and build of the world’s longest immersed road and rail tunnel, the Fehmarnbelt link between Denmark and Germany.
The joint venture has won three contracts, two contracts covering construction of the immersed tunnel and the tunnel element factory that will manufacture the precast tunnel elements and a contract covering the building of the portal structures, toll buildings, bridges and ramps. The three contracts have a combined value of €3.4 billion.
The joint venture comprises VINCI Construction Grands Projets (lead company for the two tunnel contracts), Per Aarsleff Holding (lead company for the portal contract), Solétanche-Bachy International, CFE., Wayss & Freytag Ingenieurbau, Max Bögl Stiftung & Co, BAM Infra and BAM International.
The joint venture has appointed Dredging International (DEME Group), as dragging subcontractor for the tunnel contracts and COWI, as consultant for all three contracts.
The 18 km immersed tunnel connecting Denmark’s Lolland Falster region with Germany’s Schleswig Holstein region will be the world’s longest immersed road and rail tunnel. It will shorten the journey between the German and Danish coasts to just 10 minutes by car and 7 minutes by train compared to the current travel time of one hour by ferry or a 160 km detour via the Danish region of Jutland by car.
The Fehmarnbelt tunnel project is one of Europe’s largest infrastructure projects to date. It will foster trade and tourism in Northern Europe.
*These contracts are conditional: final and binding contracts are signed with the successful contractors, but construction work will begin after the German construction permits are implemented.
Technip has been awarded a major(1) contract to develop the Bahr Essalam, Phase II development in the Central Mediterranean Sea.
This natural gas field development, which is operated by Mellitah Oil & Gas B.V. Libyan Branch, a consortium between National Oil Corporation and ENI North Africa, will be tied back to the Sabratha platform, which is situated approximately 110km off the Libyan coast in a water depth of approximately 190m.
From concept to project delivery, Technip will build on its integrated model combining its subsea and offshore capabilities. The overall scope of work will see Technip perform the overall design, detailed engineering and deliver the project management, as well as procurement, installation, tie-ins, pre-commissioning and commissioning. This will be associated with the provision of a gas gathering system, comprised of production pipelines, subsea isolation valve (SSIV), umbilicals(2), as well as extensive diving and installation campaigns. It will also include modifications to the Sabratha platform regarding the topsides. All offshore mobilisations will be undertaken from Malta.
Offshore installation is scheduled for the second half of 2017 through to the second half of 2018. A range of vessels from the Group’s fleet will be involved, including Deep Energy Pipelay vessel, Deep Arctic Diving Support Vessel, and G1200 S-Lay
In addition, Technip confirms the renewal of the charter for its Skandi Vitoria vessel in Brazil and the expansion of its contracted work outside backlog also through a large contract.
Amec Foster Wheeler announces today a contract for the engineering and material supply of a steam reformer heater for hydrogen production for JSC Orsknefteorgsintez refinery at Orsk, Russia.
The heater will be based on Amec Foster Wheeler's proprietary Terrace WallTM design and form part of a new 75,000 Nm3/h hydrogen production unit to be installed at one of the leading refineries in Russia.
Andy Hemingway, Vice President of Global Process Technology, Amec Foster Wheeler, said:
“We have a long and very successful track record in designing and supplying heaters for the Russian market and this award constitutes another vote of confidence in the quality and reliability of our heaters.
“Our proprietary Terrace WallTM fired heater design is a unique and fully proven global technology of which we are justifiably proud. It is part of our wider suite of innovative technologies which support our customers across the world.”
Amec Foster Wheeler’s scope of work is scheduled to be completed by 31 March 2017.