Technip has signed a contract for the construction of an ethylene plant at The Kuwait Olefins Company’s (TKOC) new Olefins-2 Petrochemical Complex in Shuaiba, Kuwait. This contract covers the detail engineering, procurement and supply of equipment and materials, construction and pre-commissioning and follows the signing in June 2005 of a memorandum of understanding between Technip and TKOC, a joint venture between The Dow Chemical Company (Dow), Petrochemical Industries Company, Kuwait (PIC) and Kuwaiti Private Companies.

The plant, with a planned production capacity of 850,000 mt/year, will play an important role in Kuwait’s program to significantly increase the country’s ethylene derivatives production by 2008.

Technip’s operations and engineering center in Rome (Italy) will execute the contract. The project is scheduled to be completed early 2008.

The plant will be based on Technip’s in-house technology. The basic engineering for the proprietary SMK®* cracking furnaces, as well as the front-end design for the recovery section have already been provided by Technip’s operations and engineering center in Claremont, California.

Technip is a leader in the field of ethylene production and is one of the few world-class groups capable of assuming complete responsibility for steam crackers, from conceptual design to turnkey design and construction.

* Technip’s SMK® technology has become the preferred choice of various ethylene producers for cracking gas feeds.