Technip Energies Achieves Milestone with Olefins Plant in Vietnam
Technip Energies Accomplishes Key Test for New Olefins Plant
Technip Energies (PARIS:TE) is excited to announce a major achievement with the Long Son Petrochemicals Co., Ltd. (LSP) olefins plant, located on Long Son Island. Recently, this first olefins plant in Vietnam passed its final performance acceptance test, signifying a crucial milestone in the country’s energy landscape. This innovative facility is poised to make a significant impact on the petrochemical industry.
Innovative Technology for Ethylene Production
The Long Son facility is equipped with a flexible feed cracker, enhancing its ability to utilize both naphtha and liquefied petroleum gas. This innovation allows for the efficient production of ethylene, propylene, and butadiene, which are essential components in a variety of chemical processes.
Successful Startup and Capacity Goals
The plant successfully commenced operations at the end of 2023, quickly achieving its full production capacity thereafter. By February of the following year, it had successfully passed its initial performance test, demonstrating Technip Energies' dedication to high operational standards and efficiency.
Technological Excellence and Sustainability
Breaking ground in 2018, the plant incorporates Technip Energies' advanced ethylene technology, notably the Ultra Selective Conversion (USC) furnaces, which are celebrated for their high selectivity and cost-effectiveness. Furthermore, it utilizes the Heat-Integrated Rectifier System, an energy-efficient solution that optimizes ethylene recovery.
Leadership Insight
Bhaskar Patel, the Senior Vice President for Sustainable Fuels, Chemicals & Circularity, expressed his satisfaction with the plant’s successful performance. He stated, "We are pleased with passing the final performance acceptance of the Long Son Petrochemicals’ olefins plant. This achievement is not only a significant milestone for Vietnam but also showcases our technological expertise in enhancing energy efficiency through our innovative ethylene solutions."
About Technip Energies
Technip Energies stands at the forefront of engineering and technology within the energy transition sector. Given its leadership in LNG, hydrogen, and ethylene, the company is also making inroads into blue and green hydrogen, sustainable chemistry, and CO2 management. With operations spanning across 34 countries, Technip Energies employs approximately 16,000 personnel who are steadfast in bringing clients' pioneering projects to fruition.
Investors and Further Information
Technip Energies shares are publicly listed on Euronext Paris, underlining the company's commitment to transparency and accessibility in the financial market. It also operates a Level 1 sponsored American Depositary Receipts (ADR) program, with its ADRs available over the counter.
Investor Relations Contact
For inquiries related to investor relations, please reach out to Phillip Lindsay, the Vice-President of Investor Relations, at +44 207 585 5051.
Media Relations Contact
For media inquiries, contact Jason Hyonne, the Press Relations & Social Media Manager, at +33 1 47 78 22 89.
Frequently Asked Questions
What is the significance of the Long Son Petrochemicals plant?
The Long Son Petrochemicals plant is Vietnam's first olefins facility, playing a pivotal role in the nation's petrochemical industry and energy sector.
What technology is used in the Long Son plant?
The plant utilizes advanced ethylene technology, including Ultra Selective Conversion (USC) furnaces and the Heat-Integrated Rectifier System, enhancing energy efficiency.
When did the Long Son plant start operations?
The plant commenced operations at the end of 2023 and quickly reached full capacity.
Who can I contact for investor relations?
For investor relations inquiries, please contact Phillip Lindsay at +44 207 585 5051.
How many employees does Technip Energies have?
Technip Energies employs approximately 16,000 professionals dedicated to innovative energy solutions.
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