Technip has been awarded a lumpsum contract by Rominserv and Rompetrol Rafinare (both members of The Rompetrol Group), worth approximately €40m, for a hydrogen plant to be constructed at the Petromidia Refinery in Constanta, Romania.
Based on Technip's proprietary technology, the plant will have a capacity of 40,000 normal m3/hour of 99.98% purity hydrogen, and will also deliver approximately 40 tonnes per hour of high pressure steam. Technip’s operating centre in Zoetermeer, The Netherlands, will execute the contract - which covers licensing and basic design, detailed engineering, procurement and supply of main equipment and materials.
Technip will also provide operator training and technical assistance during construction, commissioning and start-up. Rominserv (general contractor of The Rompetrol Group) will procure the remainder of the equipment and materials, and carry out the construction of the plant.
The plant, which represents an overall investment of approximately €65m, is scheduled to be completed in 2010 as part of a major investment programme to increase the Petromidia Refinery’s hydrofining capacity, to bring product qualities exclusively to Euro 5 standards, and to increase processing capacity to 5 million tpy.
Meanwhile, Technip’s shareholders gathered on 6th May for the group’s 2008 Combined Annual General Meeting, with all proposed resolutions approved and the allocation of 2007 earnings with a cash dividend of €1.20 per share, up 14% compared to the ordinary dividend of 2006. The dividend is due to be paid on 13th May 2008.
Technip also notes that it will publish its first quarter 2008 consolidated results on 15th May 2008 before the opening of the Paris stock market.