Technip Energies awarded a significant contract for IOCL’s grassroots naphtha cracking unit at Paradip in India
June 20 2024 - 12:00AM
Technip Energies (PARIS:TE) has been awarded a significant(1)
contract by Indian Oil Corporation Limited (IOCL) for the license,
basic engineering design package, proprietary equipment and
catalyst supply and related services for the 1500 kta(2) Paradip
naphtha cracker unit (PDNCU) block of the grassroot petrochemical
complex in Paradip, India.
The petrochemical complex will be integrated to
the existing 15 million tons/year refinery and will be one of four
proposed Petroleum, Chemicals & Petrochemical Investment
Regions in India. The petrochemical complex shall include a
world-scale cracker unit along with downstream process units
producing several petrochemical products.
In addition to the naphtha cracker technology,
Technip Energies will provide key proprietary equipment, including
proprietary separation trays technology Ripple Tray™ and
catalyst.
Bhaskar Patel, SVP Sustainable Fuels,
Chemicals & Circularity at Technip Energies, stated:
“We are once again delighted to be entrusted by Indian Oil
Corporation Limited for their mega cracker project in Paradip. Our
proven ethylene technology and legacy work on mega crackers are
important differentiators for our clients. We look forward to
delivering this significant project which illustrates our
commitment to India.”
(1) A “significant” award for Technip Energies
is a contract award representing between €50 million and €250
million of revenue. This award will be booked in Q2 2024 order
intake and included in the Technology, Products and Services (TPS)
segment backlog.
(2) KTA: kilo tons per annum.
About Technip Energies
Technip Energies is a leading Engineering &
Technology company for the energy transition, with leadership
positions in LNG, hydrogen and ethylene as well as growing market
positions in blue and green hydrogen, sustainable chemistry and CO2
management. The Company benefits from its robust project delivery
model supported by an extensive technology, products and services
offering.
Operating in 34 countries, our 15,000 people are
fully committed to bringing our clients’ innovative projects to
life, breaking boundaries to accelerate the energy transition for a
better tomorrow.
Technip Energies shares are listed on Euronext
Paris. In addition, Technip Energies has a Level 1 sponsored
American Depositary Receipts (“ADR”) program, with its ADRs trading
over the counter.For further information: www.ten.com
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- PR_T.EN_Cracker_Paradip_IOCL_EN
- Cracker_Paradip_IOCL
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