Iran’s Pars Petrochemical Company, a wholly owned affiliate of the National Petrochemical Company of Iran has awarded Technip-Coflexip and its Iranian partner Nargan, a €100 million engineering, procurement and construction (EPC) contract for a low density polyethylene plant for the 9th Olefins Complex at Asaluyeh.
The completion of the works is scheduled for 34 months after the coming into force of the contract. Within the framework of the project, Technip-Coflexip and Nargan will carry out the basic and detail engineering, procurement of equipment and materials as well as construction, commissioning and start-up for a 300,000-ton-a-year low density polyethylene unit using Stamicarbon technology.
The coming into force of this contract will take place as soon as a multi- source financing involving European export credits is completed. The engineering center of Technip-Coflexip in Lyon, France, will execute the project in collaboration with Nargan, an Iranian engineering company based in Teheran in which Technip-Coflexip has a 20 percent stake.
This plant is one of the downstream units of the 9th Olefins Complex at Asaluyeh, which will use the ethylene produced by the ethane cracker, whose design, procurement and supervision of construction and commissioning have been entrusted to Technip-Coflexip.
Headquartered in Paris, the Technip-Coflexip is listed in New York and in Paris. The main engineering and business centers of Technip-Coflexip are located in France, Italy, Germany, the UK, Norway, Finland, the Netherlands, the United States, Brazil, Abu-Dhabi, China, India, Malaysia and Australia.
The Group has industrial and construction facilities in France, Brazil, the UK, the USA, and Finland as well as a fleet of offshore construction vessels. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
