Technip has been awarded a front-end engineering design
(FEED) contract by PETRONAS for its proposed refinery and petrochemical
integrated development (RAPID) project located in the state of
RAPID aims at building a world-scale integrated refinery and petrochemical complex
by 2016 to answer the growing need for specialty chemicals and
to meet demand for petroleum and commodity petrochemical products in the
Asia-Pacific region, officials said.
The proposed refinery will have a capacity of
300,000 bpd and will supply naphtha and liquid petroleum gas feedstock for the RAPID petrochemical complex, as well as
produce gasoline and diesel that meet European specifications.
The petrochemical units, on the other hand, will enhance the
value of the olefinic streams coming from the RAPID steam
cracker by producing various merchant grades petrochemicals products such as
polyethylene, polypropylene, synthetic rubbers and other petrochemicals products.
This award builds on our long-term presence in Asia
Pacific and confirms our leadership in the refining and petrochemical sectors, said
Thierry Pilenko, CEO of Technip.
By combining the expertise and the teams of our
operating centers in Kuala Lumpur (Malaysia), Paris and Lyon
(France), we will be able to provide PETRONAS with the best
technological solution and execution scheme.
The contract is scheduled for completion in the second
semester of 2013. Financial terms werent disclosed.