Technip awarded a significant technology and EPC contract by CHS for a hydrogen plant in Montana, USA

Regulatory News:

Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) was awarded a significant⁽¹⁾ contract by CHS Inc.⁽²⁾ to provide proprietary technology and EPC⁽³⁾ for a 40 thousand normal cubic meters per hour grassroots hydrogen plant at the CHS Refinery in Laurel, Montana, USA.

The plant is part of the company’s ongoing upgrades to boost efficiency, increase diesel production and process additional crudes at its refinery.

The design will utilize Technip's high efficiency top-fired steam reforming technology to produce high purity hydrogen and export steam as well as the latest nitrogen oxide reduction technology to ensure minimum emissions.

Technip’s operating center in Claremont, California, USA, will execute the project, which is scheduled for completion in 2017.

Stan Knez, President, Technip Stone & Webster Process Technology, commented: "With this key hydrogen project, we are pleased to continue our long-term relationship with CHS. The award reinforces Technip’s strategic focus on early involvement in projects with our steam reforming technology as a key differentiator.”

Previously, Technip provided a steam reformer and a parallel reformer for the CHS Refinery in Laurel, Montana, USA. Technip also completed two hydrogen projects for the CHS Refinery in McPherson, Kansas, USA.

⁽¹⁾ For Technip, a "significant” onshore contract is ranging from €50 to €100 million.
⁽²⁾ CHS is a leading global agribusiness owned by farmers, ranchers and cooperatives across the United States. A Fortune 100 company, CHS supplies energy, crop nutrients, grain marketing services, animal feed, food and food ingredients, along with business solutions including insurance, financial and risk management services. The company operates petroleum refineries/pipelines and manufactures, markets and distributes Cenex® brand refined fuels, lubricants, propane and renewable energy products.
⁽³⁾ Engineering, Procurement and Construction

Technip is a world leader in project management, engineering and construction for the energy industry.

From the deepest Subsea oil & gas developments to the largest and most complex Offshore and Onshore infrastructures, our 36,000 people are constantly offering the best solutions and most innovative technologies to meet the world’s energy challenges.

Present in 48 countries, Technip has state-of-the-art industrial assets on all continents and operates a fleet of specialized vessels for pipeline installation and subsea construction.

Technip shares are listed on the Euronext Paris exchange and traded in the USA on the OTCQX marketplace (OTCQX: TKPPY) as American Depositary Receipts.

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