Technip AG (TEC,TKPPY.PK,TNHPF.PK) Tuesday said it has received contracts from Westlake Chemical Corp. (WLK) for the expansion and modernization of the ethylene cracking furnaces and the recovery section of Westlake's ethylene plant in Calvert City, Kentucky.
Under the terms of the engineering and procurement contract, the ethylene production capacity will be increased to 630 million pounds per year, up 40 percent from 450 million pounds, and will use ethane feedstock instead of propane as per the original design.
The expansion and feedstock conversion will enhance Westlake's vinyl chain integration and leverage low-cost ethane being developed in regional shale gas areas.
Technip's operating center in Claremont, California, will execute the work.
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