Paul Bartlett, Artenius Technology Director, said: "This is a key project for Artenius in our plans for expanding our PTA production in Europe.  Aker Kvaerner's solid, global PTA project experience, backed up by the local engineering and construction support available, were important factors to us in ensuring a successful and predictable project completion."

The new plant will produce 700,000 tpa of PTA. The project commences immediately with construction scheduled to be complete in quarter 4 2009 and the plant on line early quarter 1 2010. Aker Kvaerner Powergas India in Mumbai is providing the detailed engineering, whilst Technoedif in Portugal will be working as sub-contractor to Aker Kvaerner providing engineering support and construction management assistance.

"This is the fourth PTA project that Aker Kvaerner has been awarded in the last year. We look forward to working with Artenius and our Portuguese partner, Technoedif, on this important PTA facility for Europe," said Johan Cnossen, President of AK Process, Aker Kvaerner's process business.

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.

Earlier this year, Aker Kvaerner was selected to provide the basic and detailed engineering design and offshore procurement services for PetroquímicaSuape's PTA plant, to be built at the Port of Suape, Pernambuco, in North East Brazil.  In addition, Aker Kvaerner is also providing the basic engineering design and technical advisory services for the JiaLong Petrochemical Fiber Company Limited new PTA plant being built at its petrochemical complex in ShiShi, Fujian Province, People's Republic of China, and for the China Prosperity PTA plant being built in JiangSu Province.

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

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

 

 

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.

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