Technip, a world leader in engineering for the energy industry, was awarded a contract by Taiwan’s CTCI to provide basic engineering and proprietary equipment for a grassroots ethylene cracking furnace at the Saudi Kayan Petrochemical Complex in Jubail, Saudi Arabia.

CTCI Corporation is the largest engineering, procurement, and construction (EPC) firm in Taiwan.

Technip was awarded this project for its best proposal and because of its high-capacity, high availability, gas cracking applications, said a statement from the company.

The furnace design will be based on Technip’s proprietary USC furnace technology, it said.

Technip’s operating centre in Milton Keynes, UK, will execute the project, which is scheduled for completion in 2017, it added.

As a world leader in gas monetization, refining and petrochemicals, Technip has a strong expertise in proprietary equipment, technologies and licensing, said the statement.

CTCI Corporation is providing the EPC of Saudi Kayan’s new cracking furnace, it stated.

Stan Knez, president, Technip Stone & Webster Process Technology, said: “As the largest ethylene licensor and contractor, we are pleased that our USC furnace technology was selected for this important ethylene expansion project.”

“The technology has an outstanding track record with more than 60 installations for gas cracking in the last decade,” he said.

Saudi Kayan Petrochemical Company is an affiliate of Saudi Basic Industries Corporation (Sabic), a public company based in Riyadh, Saudi Arabia, with 70 per cent of the company shares owned by the Saudi Arabian government and 30 per cent held by private investors. – TradeArabia News Service