Press Release

Paris, August 8, 2007

Technip has been awarded a basic design and engineering package contract by Sinopec Yangzi Petrochemical Co. Ltd. (YPC) for a syngas plant located in Nanjing, China.

This plant will have a capacity of 25,000m3/hour of carbon monoxide (CO), 16,000m3/hour of oxo gas^*, and 59,000m3/hour of hydrogen. It will be based on Technip's proprietary reformer technology and Air Products' proprietary cryogenic CO purification technology.

Technip's operations and engineering center in Zoetermeer (The Netherlands) will execute the contract. Technip's alliance partner, Air Products, will supply the cold box equipment which produces carbon monoxide and hydrogen from the syngas. YPC will perform the detail engineering, procurement and construction (EPC), with support from Technip.

The plant is expected to become operational in the first half of 2009.

It will be the second syngas project for Technip in Nanjing. The first one came on stream in 2005 for BASF-YPC Integrated Chemical Complex Nanjing, a 50:50 joint venture between YPC and BASF.

^* Oxo gas: a mixture of hydrogen and carbon monoxide which, upon reaction with an olefin, produces oxo-alcohols used in the fabrication of plastics and detergents.

With a workforce of 22,000 people, Technip ranks among the top five corporations in the field of oil, gas and petrochemical engineering, construction and services. Headquartered in Paris, the Group is listed in New York and Paris.
The Group's main operations and engineering centers and business units are located in France, Italy, Germany, the UK, Norway, Finland, the Netherlands, the USA, Brazil, Abu-Dhabi, China, India, Malaysia and Australia.
In support of its activities, the Group manufactures flexible pipes and umbilicals, and builds offshore platforms in its manufacturing plants and fabrication yards in France, Brazil, the UK, the USA, Finland and Angola, and has a fleet of specialized vessels for pipeline installation and subsea construction.