Technip Energies Awarded a Significant EPCC Contract by PETRONAS Chemicals Fertiliser Kedah for a New Melamine Plant with Minimized CO2 Footprint
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PARIS--(BUSINESS WIRE)-- Regulatory News:
Technip Energies (PARIS:TE) (ISIN:NL0014559478) as leader of a consortium with Dialog E&C Sdn. Bhd., has been awarded a significant(1) Engineering, Procurement, Construction and Commissioning (EPCC) contract by PETRONAS Chemicals Fertiliser Kedah Sdn. Bhd., (PC FK), a wholly-owned subsidiary of PETRONAS Chemicals Group Berhad (PCG) for a new melamine plant to be integrated into their existing complex in Gurun, Kedah, Malaysia.
This EPCC contract follows the successful completion of the Front-End Engineering Design (FEED) by Technip Energies. The project includes a 60,000 ton per annum greenfield melamine plant, utilizing CASALE Low Energy Melamine (LEM™) technology, and associated interconnections with the existing urea plant where the CO2 generated in the melamine production process will be recycled. This serves to minimize the CO2 footprint of this new asset.
Technip Energies is responsible for overall project management, engineering, procurement and commissioning, whereas Dialog E&C is in charge of construction and pre-commissioning. This is a very strong combination leveraging decades of experience of delivering projects in Malaysia.
Marco Villa, COO of Technip Energies, stated: “We are honored to be entrusted by PCG to build their first melamine plant, participating in the diversification of their product portfolio. Technip Energies is committed to deliver a high performing, energy efficient and low carbon emission asset making this project another key milestone in our longstanding and successful history in Malaysia and with PETRONAS.”
(1)A “significant” award for Technip Energies is a contract award representing between €50 million and €250 million of revenue.
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”) traded over-the-counter in the United States.
For further information: www.technipenergies.com.
Important Information for Investors and Securityholders
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For information regarding known material factors that could cause actual results to differ from projected results, please see Technip Energies’ risk factors set forth in Technip Energies’ filings with the U.S. Securities and Exchange Commission, which include amendment no. 4 to Technip Energies’ registration statement on Form F-1 filed on February 11, 2021.
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Source: Technip Energies