Aker Kvaerner wins Polypropylene project in China

12-Mar-2007

Aker Kvaerner has been awarded a contract with China Petroleum Material & Equipment (Group) Corporation (a subsidiary of China National Petroleum Corporation) for the basic engineering design and supply of certain equipment for a new polypropylene plant at the PetroChina GuangXi Petrochemical Company complex in GuangXi Province, People's Republic of China. The contract value to Aker Kvaerner was not disclosed.

Aker Kvaerner is providing the basic engineering design, together with certain offshore equipment, from its offices in the Netherlands. GuangXi is an integrated refinery complex with downstream facilities for the production of a wide range of products. The new Polypropylene plant will have a capacity of 200,000 metric tons per annum (tpa). Plant start-up is expected in 2008.

The project will utilise The Dow Chemical Company's UNIPOL(TM) polypropylene technology, one of the core technologies in the Aker Kvaerner process portfolio.

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