TechnipFMC wins large contract for Vietnam’s largest Olefins Plant
LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--TechnipFMC has been awarded by Long Son Petrochemicals Co., a contract for the licensing, engineering, procurement, construction, commissioning and start-up of Vietnam’s first olefins(2) plant on Long Son Island, Ba Ria-Vung Tau province, Vietnam.
Designed as a flexible feed cracker, the olefins plant can utilize both naphtha and LPG(3) feeds to produce olefins of up to 1.6 million tons per year depending on the feedstock mix. The olefins will help meet Vietnam’s rising demand for petrochemical products. The plant will also include
TechnipFMC is executing the project in a consortium with SK Engineering & Construction Co., Ltd. of South Korea. TechnipFMC is the leader of the consortium and, as a global company, will execute all engineering, as well as the procurement of critical equipment from its operating centers located in Houston, USA, Rome, Italy and Kuala Lumpur, Malaysia.
Nello Uccelletti, President of TechnipFMC’s Onshore/Offshore business, commented: “Our reliable proprietary ethylene technology and proven engineering, procurement
The contract adds on to the remarkable list of TechnipFMC’s references of onshore achievements in Vietnam, in
(1 )For TechnipFMC, a “large” contract ranges between $500 million and $1 billion (TechnipFMC share).
(2)
(3)LPG: liquefied petroleum gas.
(4)C3 hydrogenation, C4/C5 hydrogenation, pyrolysis gasoline hydrogenation and butadiene recovery units.
(5)The proprietary ethylene technology includes these key components:
- Ultra Selective Conversion (USC®) furnaces preferred for high selectivity and low cost,
- Heat-Integrated Rectifier System
®, preferred for energy efficient ethylene recovery
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