The JAM Petrochemical Company has awarded Technip and its Iranian partner Nargan a contract worth about EUR 300 million for a 1,400,000tpy ethylene plant at Assaluyeh on the northern coast of the Persian Gulf. The plant, which is the core unit of the gigantic tenth complex to be built by the National Petrochemical Company of Iran (NPC) at Assaluyeh, will be the largest ethylene steamcracker in the world and the only large-capacity steam cracker using both gas and liquid feedstocks to produce ethylene and propylene. The JAM Petrochemical company is the NPC subsidiary in charge of executing and running the plant. Under the terms of this contract, Technip will provide its in-house ethylene technology and proprietary furnaces and will carry out basic and detail engineering, supply of equipment and materials as well as supervision of construction and commissioning. The relevant engineering and procurement services will be mostly executed and managed from Technip’s offices in Paris and The Hague. For equipment and materials of local origin, the detail engineering and procurement will be performed by the Iranian company Nargan. The completion of delivery of the last equipment items is scheduled 29 months from the contract-effective date.
