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Petro-Chem Development Co., Inc. and Heurtey Petrochem S.A. Mark One Year Anniversary of Joint Venture Company for the Middle East Fired Heater Market.

NEW YORK, Sept. 28 /PRNewswire/ -- Petro-Chem Development Co., Inc. based in New York, NY, and Heurtey Petrochem S.A. based in Paris, France, hit the one-year mark of their joint venture, Petro-Chem Heurtey Ltd. that builds upon Petro-Chem and Heurtey's successful, 50-plus year technology licensing cooperation.

The London-based joint venture company, Petro-Chem Heurtey Ltd., exclusively focuses on all fired heater projects that have end-users located in the Middle-East countries of Saudi Arabia, the U.A.E., Kuwait, Oman, Qatar, Iraq, Syria, Yemen, Jordan, etc.

The joint venture Petro-Chem Heurtey Ltd. combines the best aspects of both Petro-Chem Development and Heurtey Petrochem's design techniques, project management expertise and fabrication relationships to leverage highly competitive, fully optimized process heaters, hydrogen reformers, and ethylene cracking furnaces combined with unparalleled project execution to benefit both EPC partners and end-users in the Middle East.

Heurtey Petrochem CEO Michel Pingeot declares: "The combined expertise of the two teams and the complementary nature of their respective resources and facilities in various territories all over the world are offering to the investors of the Middle East the appropriate and reliable answer to the question of how and with whom to execute their huge and numerous projects."

Petro-Chem Development CEO Stephen Limpe states, "The joint-venture company has brought together the only world class, independent fired heater companies with a dedicated focus on the Middle East, one of the world's most important petrochemical and refining markets. We believe that Petro-Chem Heurtey Ltd. offers an unsurpassed package of capabilities to all of our clients in the Middle East."

Petro-Chem Heurtey Ltd. is staffed and operated by existing Heurtey Petrochem and Petro-Chem Development personnel and will be financially and technically backed by both partners. This ensures that the success and quality our clients have come to expect from these two industry-leading companies will continue and only grow stronger.
 For more information, please contact:
 David Goodman
 Petro-Chem Development Co., Inc.

CONTACT: David Goodman of Petro-Chem Development Co., Inc., +1-212-697-7442

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Publication:PR Newswire
Date:Sep 28, 2006
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