Paris, February 9, 2009

 

Technip and Air Products have signed an agreement for a long term extension of their global business alliance for hydrogen and synthesis gas facilities.

This alliance extension ensures:

• reliable and safe supply of hydrogen and synthesis gas to an ever-growing number of customers in the fields of refining, chemicals and petrochemicals,
• continuous product development to improve efficiencies and cost effective solutions for the industry.

Both companies bring a long history of hydrogen experience to the alliance. Technip provides licensing for its proprietary technologies, design and engineering services while Air Products provides the gas separation technology.

This global alliance has been in place since 1992. Since then, Technip’s operating centers in Claremont, California and Zoetermeer, The Netherlands, have designed and supplied over 30 hydrogen and synthesis gas plants that are operated by Air Products under long-term agreements with their customers.

With more than 230 successfully delivered units and a proprietary steam reforming technology, Technip is consistently recognized as the market leader in hydrogen.

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Technip

Technip is a world leader in the fields of project management, engineering and construction for the oil & gas industry, offering a comprehensive portfolio of innovative solutions and technologies.

With 23,000 employees around the world, integrated capabilities and proven expertise in underwater infrastructures (Subsea), offshore facilities (Offshore) and large processing units and plants on land (Onshore), Technip is a key contributor to the development of sustainable solutions for the energy challenges of the 21st century.

Present in 46 countries, Technip has operating centers and industrial assets (manufacturing plants, spoolbases, construction yard) on five continents, and operates its own fleet of specialized vessels for pipeline installation and subsea construction.

The Technip share is listed on Euronext Paris exchange and over the counter (OTC) in the USA.

Technip is a long-standing leader in oil & gas engineering in the Asia-Pacific region with more than 3,400 employees located in key operating centers across Asia-Pacific. In the region, Technip has completed over 2,000 projects in the Subsea, Offshore and Onshore segments since 1982, and is building a flexible/umbilical manufacturing plant in Tanjung Langsat Industrial Complex in Johor State (Malaysia) to address the regional deepwater market.

Air Products

Air Products (NYSE:APD) serves customers in industrial, energy, technology and healthcare markets worldwide with a unique portfolio of atmospheric gases, process and specialty gases, performance materials, and equipment and services. Founded in 1940, Air Products has built leading positions in key growth markets such as semiconductor materials, refinery hydrogen, home healthcare services, natural gas liquefaction, and advanced coatings and adhesives. The company is recognized for its innovative culture, operational excellence and commitment to safety and the environment. Air Products has annual revenues of over $10 billion, operations in over 40 countries, and 21,000 employees around the globe. For more information, visit www.airproducts.com.

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Public Relations: Yves Gautier Tel.: +33 (0) 1 47 78 25 33 Floriane Lassalle-Massip Tel.: +33 (0) 1 47 78 32 79 press@technip.com

Investor and Analyst Relations: Kimberly Stewart Tel.: + 33 (0)1 47 78 66 74 kstewart@technip.com Antoine d’Anjou Tel.: +33 (0) 1 47 78 30 18 adanjou@technip.com