10 August 2007 - Aker Kvaerner is providing project management, procurement and engineering services for a new polypropylene (PP) plant being built by Reliance Petroleum Ltd in a Special Economic Zone in Jamnagar, in Gujarat, India. The plant is expected to be the largest capacity polypropylene facility to date, and will take propylene feed from a newly developed (grass roots) refinery complex.

The expansion includes two new polypropylene lines each with a nameplate capacity of 450,000 tonnes per annum. Aker Kvaerner's AK Process business is providing the basic engineering and project management for the overall Aker Kvaerner scope. Aker Kvaerner Powergas India in Mumbai is providing the detailed design and engineering services.

The project will use UNIPOL(TM) PP Technology from The Dow Chemical Company. The project is scheduled for completion and start-up in 2008.

Johan Cnossen, President of AK Process, said, "We are pleased to be working on this project with Reliance Petroleum Ltd., a key client for Aker Kvaerner, and Bechtel (France) SA, the main Project Management Contractor for the new Refinery-cum-Petrochemicals complex at Jamnagar. We also provided the basic and detailed engineering plus procurement services for their recently commissioned purified terephthalic acid (PTA) project at Hazira in Gujarat. We have successfully implemented a wide range of polypropylene and PTA projects in conjunction with our Aker Kvaerner Powergas office in India."  

"This repeat order for Reliance's Project once again demonstrates the high level of confidence placed in our ability to engineer and build world-class projects on tight schedules.  The close cooperation of all parties, coupled with our local knowledge and access to global resources has resulted in high quality facilities and we look forward to delivering another successful project," added Dr. Rama Iyer, Executive Chairman Aker Kvaerner Powergas India.

ENDS

 

 

Media:
Torbjørn Andersen, SVP Group Communications, Aker Kvaerner. Tel: +47 67 51 30 36, Mob: +47 928 85 542

UK: Vanessa Mourant, Communications Manager, Aker Kvaerner, Tel: +44 (0) 207 339 1064, Mob: +44 (0)7771 806566

Netherlands: Johan Cnossen, Aker Kvaerner, Zoetermeer, Tel: +31 (0)79 368 8721

India: Charulata Joshi, Aker Kvaerner Powergas India., Tel: +91 22 5691 5901

Investor relations:
Lasse Torkildsen, VP Investor Relations, Aker Kvaerner. Tel: +47 67 51 30 39

 

Career opportunities:
Visit http://www.akerkvaerner.com/Internet/CareerCentre

 

AKER KVÆRNER ASA, through its subsidiaries and affiliates ("Aker Kvaerner"), is a leading global provider of engineering and construction services, technology products and integrated solutions. The business within Aker Kvaerner comprises several industries, including Oil & Gas, Refining & Chemicals, Mining & Metals and Power Generation. The Aker Kvaerner group is organised in a number of separate legal entities. Aker Kvaerner is used as the common brand/trademark for most of these entities.

The parent company in the group is Aker Kværner ASA. Aker Kvaerner has aggregated annual revenues of approximately NOK 50 billion and employs approximately 23 000 people in about 30 countries. 

Aker Kvaerner is part of Aker (www.akerasa.com), a group of premier companies with a focus on energy, maritime and marine-resources industries. The Aker companies share a common set of values and long traditions of industrial innovation. As an industrial owner with a 40.1 per cent holding in Aker Kvaerner, Aker ASA takes an active role in the development of its holdings.

Aker Kvaerner's Process and Construction business area is a world leader in the project management, design and construction of major projects spanning refining, petrochemical processing, metals and mining, power generation, and acid plants.  From initial concept through technology development, process technology application, design, procurement, construction, commissioning, operations, maintenance, modification and decommissioning, we provide our customers with the full life cycle of services.  Process and Construction provides sound local expertise, combined with the depth and strength of global project operations.

 

AK Process is a trading name of Aker Kvaerner Projects Ltd. a wholly owned subsidiary of AKER KVAERNER ASA and the legal entity responsible for the execution of the work. AK Process serves the chemicals and polymers, refining and onshore oil & gas industries.  It provides the full life cycle of a project from concept studies, through to design, engineering, project management, delivery of process technologies, procurement, construction and maintenance services. As a pure project execution/EPC specialist, AK Process can provide customers with strategic 'one-off' services or full turnkey solutions under a single project management control. It works with its customers in the development of major technological innovations, having participated in the conceptualisation and implementation of ideas, which are the foundation for world-class production facilities. Also offered are consultancy services in reliability, business modelling and environmental, health, safety and risk management.

 

Aker Kvaerner Powergas has been operating in India for the past 40 years as an engineering and construction (E&C) company. Currently it is providing design-engineering services to Aker Kvaerner offices in the U.K, USA and the Netherlands for projects in USA, India, Ireland, and the Netherlands. Aker Kvaerner Powergas has state of the art IT and communication links to provide high value engineering to global standards and has offices in Mumbai and Pune. The Company has experienced significant growth and continues to maintain its position as the leading E&C company in India. Aker Kvaerner Powergas employs approximately 1 150 people, mostly graduates and postgraduates in engineering science and commerce.

 

Reliance Petroleum Ltd was formed to set up a greenfield petroleum refinery and polypropylene plant to be located in a Special Economic Zone in Jamnagar in the state of Gujarat in western India. The refinery and polypropylene plant is being set up adjacent to the existing refinery and petrochemical complex of Reliance Industries Limited ("RIL"), the largest private sector company in India with assets of over Rs.931 billion (approximately US$ 21 billion) as of March 31, 2006.

This press release may include forward-looking information or statements and is subject to our disclaimer, see our web-pages www.akerkvaerner.com