{"id":389214,"date":"2020-11-30T01:03:24","date_gmt":"2020-11-30T06:03:24","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=389214"},"modified":"2020-11-30T01:03:24","modified_gmt":"2020-11-30T06:03:24","slug":"technipfmc-commences-work-on-the-new-hydrocracking-complex-in-egypt-for-assiut-national-oil-processing-company-anopc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/technipfmc-commences-work-on-the-new-hydrocracking-complex-in-egypt-for-assiut-national-oil-processing-company-anopc\/","title":{"rendered":"TechnipFMC commences work on the New Hydrocracking Complex in Egypt for Assiut National Oil Processing Company (ANOPC)"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p>\nTechnipFMC commences work on the New Hydrocracking Complex in Egypt for Assiut National Oil Processing Company (ANOPC)\n<\/p>\n<p>LONDON &amp; PARIS &amp; HOUSTON&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nTechnipFMC (NYSE:FTI) (PARIS:FTI) (ISIN:GB00BDSFG982) has successfully completed the remaining conditions required to enable work to commence on the Engineering, Procurement, and Construction (EPC) contract with Assiut National Oil Processing Company (ANOPC) for the construction of a new Hydrocracking Complex for the Assiut refinery in Egypt.\n<\/p>\n<p>\nAs previously announced, this major<sup>(1)<\/sup> EPC contract covers new process units such as a Vacuum Distillation Unit, a Diesel Hydrocracking Unit, a Delayed Coker Unit, a Distillate Hydrotreating Unit as well as a Hydrogen Production Facility Unit using TechnipFMC\u2019s steam reforming proprietary technology. The project also includes other process units, interconnecting, offsites and utilities.\n<\/p>\n<p>\nThe project supports the Egyptian Government\u2019s Energy Transition strategy and will reinforce the economic growth of rural areas while minimizing environmental emissions as well as reducing the government export bill. The complex will transform lower-value petroleum products from Assiut Oil Refining Company\u2019s (ASORC) nearby refinery into approximately 2.8 million tons per year of cleaner products, such as Euro V diesel.\n<\/p>\n<p>\nThe contract award will be included in the Company\u2019s fourth quarter 2020 inbound orders.\n<\/p>\n<p><i>(1) For TechnipFMC, a \u201cmajor\u201d contract is over $1.0 billion.<\/i><\/p>\n<p><b>Important Information for Investors and Securityholders<\/b><\/p>\n<p>\nForward-Looking Statement\n<\/p>\n<p>\nThis release contains &#8220;forward-looking statements&#8221; as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. The words \u201cbelieve\u201d, \u201cestimated\u201d and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Such forward-looking statements involve significant risks, uncertainties and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. For information regarding known material factors that could cause actual results to differ from projected results, please see our risk factors set forth in our filings with the United States Securities and Exchange Commission, which include our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any of our forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except to the extent required by law.\n<\/p>\n<p><b>About TechnipFMC <\/b><\/p>\n<p>\nTechnipFMC is a global leader in the energy industry; delivering projects, products, technologies and services. With our proprietary technologies and production systems, integrated expertise, and comprehensive solutions, we are transforming our customers\u2019 project economics.\n<\/p>\n<p>\nOrganized in three business segments \u2014 Subsea, Surface Technologies and Technip Energies \u2014 we are uniquely positioned to deliver greater efficiency across project lifecycles from concept to project delivery and beyond. Through innovative technologies and improved efficiencies, our offering unlocks new possibilities for our customers in developing their energy resources and in their positioning to meet the energy transition challenge.\n<\/p>\n<p>\nEach of our approximately 37,000 employees is driven by a steady commitment to clients and a culture of project execution, purposeful innovation, challenging industry conventions, and rethinking how the best results are achieved.\n<\/p>\n<p><b>TechnipFMC utilizes its website <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.TechnipFMC.com&amp;esheet=52338868&amp;newsitemid=20201129005406&amp;lan=en-US&amp;anchor=www.TechnipFMC.com&amp;index=1&amp;md5=0c0f6326f1ffecab9d129b4864ad6e48\">www.TechnipFMC.com<\/a> as a channel of distribution of material company information. To learn more about us and how we are enhancing the performance of the world\u2019s energy industry, go to <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.TechnipFMC.com&amp;esheet=52338868&amp;newsitemid=20201129005406&amp;lan=en-US&amp;anchor=www.TechnipFMC.com&amp;index=2&amp;md5=ce1317987f54aa28a8e5000b6714dda0\">www.TechnipFMC.com<\/a> and follow us on Twitter @TechnipFMC. <\/b><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201129005406r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201129005406\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201129005406\/en\/<\/a><\/span><\/p>\n<p><b>Investor relations<br \/>\n<\/b><br \/>Matt Seinsheimer<br \/>\n<br \/>Vice President Investor Relations<br \/>\n<br \/>Tel: +1 281 260 3665<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:InvestorRelations@TechnipFMC.com\">Matt Seinsheimer<\/a><\/p>\n<p>\nPhillip Lindsay<br \/>\n<br \/>Director Investor Relations Europe<br \/>\n<br \/>Tel: +44 203 429 3929<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:investorrelations@technipfmc.com\">Phillip Lindsay<\/a><\/p>\n<p><b>Media relations<br \/>\n<\/b><br \/>Christophe Belorgeot<br \/>\n<br \/>Senior Vice President Corporate Engagement<br \/>\n<br \/>Tel: +33 1 47 78 39 92<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:media@TechnipFMC.com\">Christophe Belorgeot<\/a><\/p>\n<p>\nJason Hyonne<br \/>\n<br \/>Public Relations Officer<br \/>\n<br \/>Tel: +33 1 47 78 22 89<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:media@TechnipFMC.com\">Jason Hyonne<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Texas North America France United States United Kingdom Europe<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Maritime Energy Transport Oil\/Gas<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201129005406\/en\/564651\/3\/TechnipFMC_H_RGB.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>TechnipFMC commences work on the New Hydrocracking Complex in Egypt for Assiut National Oil Processing Company (ANOPC) LONDON &amp; PARIS &amp; HOUSTON&#8211;(BUSINESS WIRE)&#8211; TechnipFMC (NYSE:FTI) (PARIS:FTI) (ISIN:GB00BDSFG982) has successfully completed the remaining conditions required to enable work to commence on the Engineering, Procurement, and Construction (EPC) contract with Assiut National Oil Processing Company (ANOPC) for the construction of a new Hydrocracking Complex for the Assiut refinery in Egypt. As previously announced, this major(1) EPC contract covers new process units such as a Vacuum Distillation Unit, a Diesel Hydrocracking Unit, a Delayed Coker Unit, a Distillate Hydrotreating Unit as well as a Hydrogen Production Facility Unit using TechnipFMC\u2019s steam reforming proprietary technology. The project also includes other process units, interconnecting, offsites &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/technipfmc-commences-work-on-the-new-hydrocracking-complex-in-egypt-for-assiut-national-oil-processing-company-anopc\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;TechnipFMC commences work on the New Hydrocracking Complex in Egypt for Assiut National Oil Processing Company (ANOPC)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-389214","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>TechnipFMC commences work on the New Hydrocracking Complex in Egypt for Assiut National Oil Processing Company (ANOPC) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/technipfmc-commences-work-on-the-new-hydrocracking-complex-in-egypt-for-assiut-national-oil-processing-company-anopc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TechnipFMC commences work on the New Hydrocracking Complex in Egypt for Assiut National Oil Processing Company (ANOPC) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"TechnipFMC commences work on the New Hydrocracking Complex in Egypt for Assiut National Oil Processing Company (ANOPC) LONDON &amp; PARIS &amp; HOUSTON&#8211;(BUSINESS WIRE)&#8211; TechnipFMC (NYSE:FTI) (PARIS:FTI) (ISIN:GB00BDSFG982) has successfully completed the remaining conditions required to enable work to commence on the Engineering, Procurement, and Construction (EPC) contract with Assiut National Oil Processing Company (ANOPC) for the construction of a new Hydrocracking Complex for the Assiut refinery in Egypt. As previously announced, this major(1) EPC contract covers new process units such as a Vacuum Distillation Unit, a Diesel Hydrocracking Unit, a Delayed Coker Unit, a Distillate Hydrotreating Unit as well as a Hydrogen Production Facility Unit using TechnipFMC\u2019s steam reforming proprietary technology. 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As previously announced, this major(1) EPC contract covers new process units such as a Vacuum Distillation Unit, a Diesel Hydrocracking Unit, a Delayed Coker Unit, a Distillate Hydrotreating Unit as well as a Hydrogen Production Facility Unit using TechnipFMC\u2019s steam reforming proprietary technology. 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