Technip awarded important contract by JBF Petrochemicals Ltd. for a world-scale petrochemical plant in India
Technip was awarded by JBF Petrochemicals, a wholly–owned subsidiary of JBF Industries Ltd, an important contract(1) for a 1.25 million tons per year latest-generation purified terephthalic acid (PTA) unit, to be located in the Special Economic Zone in Mangalore, India. PTA is the primary feedstock for polyesters used in textiles and packaging.
The contract covers the basic engineering, front-end engineering design, detailed engineering and procurement services for the ISBL (Inside Battery Limit) and the OSBL (Outside Battery Limit) of the unit. The scope of work also includes supply of materials and construction management services for the ISBL. The plant will feature BP’s leading-edge proprietary PTA technology.
Technip’s operating centers in Rome, Italy and in Chennai, Mumbai and Delhi, India will execute the contract, which is scheduled to be completed in the first semester of 2015.
Marco Villa, Senior Vice President of Technip Region B(2), commented: “We are very proud to have been selected for this world-scale PTA project. It will bring together the competencies of our operating centers in India and Italy. This contract also reinforces our strong long-lasting collaboration with BP for PTA. We believe that the PTA market growth in Asia will open up further opportunities and we hope to develop a long-term relationship with JBF to support their future developments.”
B.C. Arya, Chairman, JBF Industries Ltd., commented: “With the commissioning of this plant, it will be a major step for JBF towards backward integration. JBF is proud to be associated with BP and look forward to utilizing Technip’s competency in setting up this world scale project.”
ISSUERS OF NEWS RELEASES AND NOT OILANDGASPRESS.COM ARE SOLELY RESPONSIBLE FOR THE ACCURACY OF THE CONTENT.
Public relations, press release distribution service, investor relations, SEC filing, regulatory news,upstream, downstream,corporate announcements,technology developments and political news
www.oilandgaspress.com – The ‘one stop shop’ for global Oil and gas press releases!!!