Paris, August 16, 2007

Technip has been awarded a front end engineering design (FEED) contract by Biomass Investment Group (BIG) for their closed loop biomass power plant project located in Florida which will use E-Grass^* as a farm grown energy crop. This contract also includes the design and supply of a process demonstration unit, approximately 1/10th scale.

This project will be the world’s first large-scale operation for producing electricity from a crop grown specially for conversion into power. This biomass energy source is renewable and presents environmental advantages such as no net carbon emissions, no-till agriculture and low power plant emissions.

Technip’s operations and engineering center in Claremont (California) will execute the contract. The plant will utilize BIG’s proprietary process to convert biomass to liquid fuel for use in a combined cycle combustion-turbine generator system.

It will also be the world’s first E-Grass fired power plant to sell “green electricity” to utilities and other clients under long-term power purchase contracts.