Fujian Petrochemical is a joint venture between Sinopec, the Fujian provincial government, Saudi Aramco and ExxonMobil.

Wim van der Zande, President of AK Process (the company's trading name), said: "We are very pleased with the award of this project, which reconfirms our technology-driven focus and our in-depth knowledge of polyethylene technology requirements. We are committed to delivering a successful project utilising our global Project Execution Model to meet the highest international standards for safety, quality and efficiency."

The plant consists of two world-scale lines each with a capacity of 400,000 tonnes per annum (tpa). The basic engineering will be executed from Aker Kvaerner's Zoetermeer office in the Netherlands, with support of Aker Kvaerner's China organisation. During detailed engineering, Aker Kvaerner will provide support services from both its Zoetermeer and China offices. Start-up is scheduled in 2008.

The polyethylene plant is part of a larger project that includes expansion of Fujian's refinery from 80,000 bbl/day to 240,000 bbl/day, a new 800,000 tpa cracker, a 400,000 tpa polypropylene plant and an aromatics plant.

The success of the UNIPOL PE process, which involves production of polyethylene in a low pressure gas phase reactor, places Univation among the world leaders in third party licensing of polyethylene technology. The total number of UNIPOL PE lines either installed or under construction around the world is now approaching 100.  Of these, 18 have been designed and/ or built by Aker Kvaerner, making the company one of the most experienced UNIPOL PE contractors in the industry.

ENDS

 

Media:
Torbjorn Andersen, SVP Group Communications, Aker Kvaerner: Tel: +47 67 51 3036 Mob: +47 928 85 542

The Netherlands:
Wim Van Der Zande, President, AK Process: Tel: +31 79 36 88 434
Bas van Haandel, AK Process: Tel +31 79 368 88 8972

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, Pharmaceuticals & Biotechnology, Power Generation and Pulp & Paper. The Aker Kvaerner group consists of 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 35.6 billion and employs approximately 22,000 people in more than 30 countries.

 

E&C Europe specialises in the provision of process technology, engineering studies (including bankable feasibility and environmental studies), total project management, engineering and design, procurement, construction, commissioning and maintenance services. With nearly 5,000 people based largely from Europe, E&CEurope serves a number of industrial sectors: refining and petrochemicals, pharmaceuticals & biotechnology, onshore oil & gas, power generation, chemical pulping, nuclear, water, and mining and metals.

 

AK Process is a trading name of Aker Kvaerner Netherlands B.V.  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, 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. The company 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.

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