By OGJ editors
HOUSTON, Mar. 24 -- Petrochemical Industries Development Management Co., a wholly owned subsidiary of National Petrochemical Co. of Iran (NPC) awarded Paris-based Technip-Coflexip and Tehran-based Iranian engineering firm Nargan a contract for the design and construction of a 500,000 tonne/year steam cracker to be built on Kharg Island in the Persian Gulf.
The contract, valued at 173 million euros, was signed on Mar. 18. The steam cracker will produce ethylene from ethane feedstock, which will be supplied by a nearby associated natural gas processing plant.
Under the terms of the contract, Technip-Coflexip will carry out basic and detail engineering, supply of equipment and materials, and construction and commissioning supervision for the project. The engineering firm also will provide its in-house ethylene technology and proprietary furnaces for the project.
Nargan, in which Technip-Coflexip holds a 20% stake, will perform the engineering and procurement related to equipment and materials of local origin. Start-up of the unit is expected in 27 months, the companies said.
