TechnipFMC Wins Modernization Contract at Shell's Moerdijk Plant
September 30 2020 - 2:08AM
Dow Jones News
By Giulia Petroni
TechnipFMC PLC said Wednesday that it has been awarded a
modernization contract for eight ethylene furnaces at Royal Dutch
Shell PLC's Moerdijk petrochemicals complex in the Netherlands.
The oil-and-gas sector company said it would replace 16 older
units without reducing capacity at the facility, while increasing
energy efficiency and cutting greenhouse gas emissions.
The upgrade is expected to reduce the site's annual
carbon-dioxide emissions by around 10%, it added.
The financial terms of the contract weren't disclosed, but
TechnipFMC said the contract is considered "significant," meaning
it ranges between 75 million euros and 250 million euros ($87.8
million-$292.6 million).
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
September 30, 2020 01:53 ET (05:53 GMT)
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