Technip Announces Contract Award with Air Products for a Hydrogen Facility for Petroplus in Switzerland.

Business Editors

PARIS--(BUSINESS WIRE)--Jan. 8, 2004

Technip (NYSE:TKP) has signed an EPC contract with their alliance partner Air Products and Chemicals, Inc., for a 7 million SCFD hydrogen facility for their "Over-The-Fence" facility for the Petroplus Refinery at Cressier in Switzerland.

This unit will be based on a standard design which was developed jointly by Technip and Air Products for this size range of plant. This will be a fully modularized plant to be built in a yard, to be shipped after full testing to reduce erection and commissioning periods.

The contract will be executed by an integrated project team comprising Air Products' and Technip's specialists based in The Hague.

Technip is a world leader in supply of Hydrogen Technology from the smallest size till the largest, encompassing state-of-the-art technology for hydrogen production with best energy efficiency at competitive installed costs.

This hydrogen facility is the 22nd to be built between Air Products and Technip providing the worldwide refining industry with competitive, reliable, high availability hydrogen plants.

With a workforce of about 19,000 persons, Technip ranks among the top five corporations in the field of oil, gas and petrochemical engineering, construction and services. Headquartered in Paris, the Group is listed in New York and Paris. The Group's main engineering and business centers are located in France, Italy, Germany, the UK, Norway, Finland, the Netherlands, the United States, Brazil, Abu-Dhabi, China, India, Malaysia and Australia. The Group has high-quality industrial and construction facilities in France, Brazil, the UK, the USA, and Finland as well as a world-class fleet of offshore construction vessels.

Technip trades under the symbol TKP on the NYSE and under the ISIN FR0000131708 on the Euronext.