TechnipFMC to Build Pioneering Vietnam Project
Long Son Petrochemicals Co. has awarded TechnipFMC a contract for the licensing, engineering, procurement, construction, commissioning and start-up of Vietnam’s first olefins plant, TechnipFMC reported Tuesday.
“Our reliable proprietary ethylene technology and proven engineering, procurement and construction capabilities were key factors in this important, highly competitive award and confirms our leadership in this market,” Nello Uccelletti, president of TechnipFMC’s Onshore/Offshore unit, said in a written statement. “TechnipFMC will ensure, with SK Engineering & Construction, that this ambitious mega project is successfully delivered on time and on budget, meeting the highest safety and quality standards.”
TechnipFMC stated that the plant, designed as a flexible feed cracker and planned for Long Son Island in Vietnam’s Ba Ria-Vung Tau province, will be capable of using both naphtha and liquefied petroleum gas (LPG) feedstocks to produce up to 1.6 million tons per year of olefins. The facility will integrate proprietary C3 hydrogenation, C4/C5 hydrogenation, pyrolysis gasoline hydrogenation and butadiene recovery units, the company stated. TechnipFMC also reported that the plant will be based on the following proprietary ethylene technology components: “Ultra Selective Conversion” furnaces and “Heat-Integrated Rectifier System” for ethylene recovery.
A consortium led by TechnipFMC that includes South Korea-based SK Engineering & Construction Co., Ltd. will execute the project. In addition, TechnipFMC noted that it will handle all engineering and procurement of critical equipment from operating centers in Houston, Rome and Kuala Lumpur.
Although TechnipFMC did not specify the contract amount, it classified the award as “large.” Contracts in that category range from $500 million to $1 billion, the company stated.
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