Technip Energies Enters Engineering Services Agreement With INEOS Acetyls for Acetic Acid Technology
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Technip Energies has reached an agreement with INEOS Acetyls as their sole supplier of early engineering services in support of the deployment and application of INEOS Acetyls CATIVA® technology.
This agreement continues Technip Energies long lasting involvement in supporting the deployment of the world leading CATIVA® acetic acid technology, with its proven technology integration expertise and energy efficient processes.
Acetic acid is one of the most versatile organic chemicals manufactured today with applications in almost every industry. It is a significant chemical reagent and industrial chemical used in the production of soft drink bottles (PET), manufacture of vinyl acetate monomer (VAM) and purified terephthalic acid (PTA). It is used to produce many synthetic fibers and fabrics, as well as a host of household, food, and other applications that are essential to everyday life.
Under this agreement, Technip Energies will provide early engineering support to INEOS’ recently announced investment into a world scale acetic acid plant, and associated derivatives, on the US gulf coast.
Bhaskar Patel, SVP Sustainable Fuels, Chemicals & Circularity of Technip Energies commented: “We are pleased to continue our collaboration with INEOS and to contribute to their global expansion plans. Technip Energies is committed to continue supporting their leading CATIVA® acetic acid technology deployment by bringing our engineering and technology expertise. We look forward to integrate this technology into world scale acetic acid plants for INEOS.”
Graeme Stewart, INEOS Operations Director, commented: “We are very pleased to continue our well established working relationship with Technip Energies who have a strong record in developing and delivering large scale global projects, and complement very well the INEOS teams capabilities”.
About Technip Energies
Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (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 extensive technology, products and services offering.
Operating in 34 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.
Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”). For further information: www.technipenergies.com.
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Sustainable Fuels, Chemicals & Circularity
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