"Aker Kvaerner is proud to have won this important contract with PetroquímicaSuape," said Wim van der Zande, President of AK Process, Aker Kvaerner's process business. "We are the most experienced contractor in the execution of PTA projects utilising the INVISTA technology and this important project furthers our strategy of developing business in Brazil and Latin America."

PetroquimicaSuape's Director Superintendente, Mr Richard Ward, said, "Aker Kvaerner's considerable experience supports our goal for a successful and timely project delivery."

The new plant will produce 640 000 tpa of PTA.  The project commences immediately, and start-up of the new plant is scheduled for the end of 2009. The project will utilise advanced and proven PTA technology from INVISTA.

Aker Kvaerner has worked on more than 21 PTA facilities spanning more than 20 years. Currently, that represents around 20 per cent of the world's PTA production capacity.

PTA is the preferred raw material for polyester, first introduced in 1951.  Today, PTA is used globally as a key ingredient in the manufacture of polyester fibres, resins and films and in the manufacture of PET.

ENDS

 

 

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

Netherlands: Wim van der Zande, Aker Kvaerner, Zoetermeer, Tel: +31 79 368 8434

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

 

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

 

Career opportunities:
www.akerkvaerner.com/career

 

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 the Aker Group (www.akerasa.com), a leading multi-industry powerhouse with more than 55 000 employees and NOK 80 billion revenues. Aker owns 40.1 percent of Aker Kvaerner, and the group is also a major European shipbuilder and a significant participant in the fisheries industry.

 

AK Process is a trading name of Aker Kvaerner Projects Ltd., the legal entity responsible for the execution of the work. AK Process is one of the core businesses of the Aker Kvaerner group in Europe. 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, application of process technologies, procurement, construction and completion 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.

We work with our 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.

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