FBPCC awards acetic acid project to Aker Kvaerner
Wim van der Zande, President of AK Process, said: "We are delighted to be working with FBPCC on this technically challenging project, which was won on the basis of cost-effective delivery and technical expertise. The project also reflects our flexibility to share work with our clients and their local service suppliers to ensure our services are fully focused on the areas where we can add maximum value."
Preliminary work on the project commenced mid April this year, and plant start-up is expected early in 2005.
Acetic Acid, one of the world's most important chemicals, is used in a variety of products from textiles to pharmaceuticals. Major applications are in the manufacture of Vinyl Acetate which has its main outlets in paints, adhesives and coatings.
Aker Kvaerner is also providing the front end engineering design (FEED) phase of a project to expand an Acetic Acid facility at Chongqing, in the Peoples' Republic of China, for the Yangtze River Acetyls Company Limited.
ENDS
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Vanessa Mourant, Aker Kvaerner, London, UK: Tel : +44 (0)20 7339 1064 or Email: vanessa.mourant@akerkvaerner.com NOTES TO EDITORS
1. Aker Kværner ASA, is through its subsidiaries and affiliates "Aker Kvaerner" a leading global provider of engineering and construction services, technology products and integrated solutions. Group activities span a number of industries, including Oil and gas upstream and downstream, Process, Pharmaceuticals, Metals, Power, Chemical Pulping, Environmental and Shipbuilding. Aker Kvaerner is a multi-local group of businesses with nearly USD 6 billion of annual revenues and around 30 000 employees in more than 30 countries. The Aker Kvaerner group consists of many legally independent entities, constituting their own separate identities. Aker Kvaerner is used as the common brand or trademark for most of these entities.
2. AK Process is a trading name of Kvaerner E&C UK 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, 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.
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
diclaimer, see our web-pages
www.akerkvaerner.com"
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