{"id":472348,"date":"2021-04-07T01:03:09","date_gmt":"2021-04-07T05:03:09","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=472348"},"modified":"2021-04-07T01:03:09","modified_gmt":"2021-04-07T05:03:09","slug":"technip-energies-awarded-a-significant-contract-by-indian-oil-corporation-to-upgrade-the-barauni-refinery-in-india","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/technip-energies-awarded-a-significant-contract-by-indian-oil-corporation-to-upgrade-the-barauni-refinery-in-india\/","title":{"rendered":"Technip Energies Awarded a Significant Contract by Indian Oil Corporation to Upgrade the Barauni Refinery in India"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }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 class=\"bwalignc\">\nTechnip Energies Awarded a Significant Contract by Indian Oil Corporation to Upgrade the Barauni Refinery in India\n<\/p>\n<p>PARIS&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nRegulatory News:\n<\/p>\n<p>\nTechnip Energies (PARIS:TE) has been awarded a significant<sup>(1)<\/sup> Engineering, Procurement, Construction and Commissioning (EPCC) contract by Indian Oil Corporation Limited (IOCL) for its BR9 Expansion Project in Barauni, Bihar, in the Eastern part of India.\n<\/p>\n<p>\nThis EPCC contract covers the installation of a new Once-through Hydrocracker Unit (OHCU) of 1 million metric tonnes per annum (MMTPA) capacity, a Fuel Gas Treatment Unit (FGTU) and the associated facilities. The OHCU, in combination with downstream refinery units, will enable production of BS VI Grade fuels \u2013 similar to Euro VI Grade fuels \u2013 and petrochemicals.\n<\/p>\n<p>\nBhaskar Patel, Senior Vice President India Business Unit at Technip Energies commented: <i>\u201cWe are very pleased to have been awarded this contract by Indian Oil Corporation Limited. This award demonstrates our long-term commitment in India and substantially consolidates our positioning in High Operating Pressure projects. It also strengthens our position as a leading provider of key projects to the major players in India\u2019s domestic energy sector.\u201d<\/i><\/p>\n<p>\nIOCL\u2019s Barauni refinery, built in 1964, is the second refinery to be built in India. The BR9 Expansion project shall enhance refinery capacity from 6 MMTPA to 9 MMTPA and will add petrochemicals such as Polypropylene into Barauni refinery\u2019s product portfolio.\n<\/p>\n<p>\nTechnip Energies has a strong footprint in India with local presence in Delhi, Mumbai, Chennai and Dahej.\n<\/p>\n<p><sup>(1)<\/sup><i> For Technip Energies, a \u201csignificant\u201d contract is between \u20ac50 million and \u20ac250 million. <\/i><\/p>\n<p><i>Note: this award is included in the Company\u2019s first quarter 2021 financial results.<\/i><\/p>\n<p><b>To know more about Technip Energies refining and petrochemicals capabilities: <\/b><\/p>\n<p>\nWe are known as a world-class player in the refining industry &#8211; from conceptual design to turnkey delivery. Our services cover the entire value chain for refining projects and integrated petrochemical complexes.\n<\/p>\n<p>\nLearn more on: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.technipenergies.com%2Fmarkets%2Frefining&amp;esheet=52407625&amp;newsitemid=20210406006160&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.technipenergies.com%2Fmarkets%2Frefining&amp;index=1&amp;md5=215dbbba92f451732cc9c88b0380cabc\">https:\/\/www.technipenergies.com\/markets\/refining<\/a><\/p>\n<p><b>About Technip Energies<\/b><\/p>\n<p>\nTechnip Energies is a leading Engineering &amp; Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO<sub>2 <\/sub>management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering.\n<\/p>\n<p>\nOperating in 34 countries, our 15,000 people are fully committed to bringing our client\u2019s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.\n<\/p>\n<p>\nTechnip Energies is listed on Euronext Paris with American depositary receipts (\u201cADRs\u201d). For further information: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.technipenergies.com&amp;esheet=52407625&amp;newsitemid=20210406006160&amp;lan=en-US&amp;anchor=www.technipenergies.com&amp;index=2&amp;md5=26379beb8eb158934ebb9d474290c191\">www.technipenergies.com<\/a>.\n<\/p>\n<p><b>Disclaimers<\/b><\/p>\n<p>\nThis release is intended for informational purposes only for the shareholders of Technip Energies. This press release is not intended for distribution in jurisdictions that require prior regulatory review and authorization to distribute a press release of this nature.\n<\/p>\n<p><b>Important Information for Investors and Securityholders<\/b><\/p>\n<p>\nForward-Looking Statement\n<\/p>\n<p>\nThis release contains \u201cforward-looking statements\u201d 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. Forward-looking statements usually relate to future events and anticipated revenues, earnings, cash flows or other aspects of Technip Energies\u2019 operations or operating results. Forward-looking statements are often identified by the words \u201cbelieve,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cplan,\u201d \u201cintend,\u201d \u201cforesee,\u201d \u201cshould,\u201d \u201cwould,\u201d \u201ccould,\u201d \u201cmay,\u201d \u201cestimate,\u201d \u201coutlook,\u201d and similar expressions, including the negative thereof. The absence of these words, however, does not mean that the statements are not forward-looking. These forward-looking statements are based on Technip Energies\u2019 current expectations, beliefs and assumptions concerning future developments and business conditions and their potential effect on Technip Energies. While Technip Energies believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting Technip Energies will be those that Technip Energies anticipates.\n<\/p>\n<p>\nAll of Technip Energies\u2019 forward-looking statements involve risks and uncertainties (some of which are significant or beyond Technip Energies\u2019 control) and assumptions that could cause actual results to differ materially from Technip Energies\u2019 historical experience and Technip Energies\u2019 present expectations or projections. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those set forth in the forward-looking statements. For information regarding known material factors that could cause actual results to differ from projected results, please see Technip Energies\u2019 risk factors set forth in Technip Energies\u2019 filings with the U.S. Securities and Exchange Commission, which include amendment no. 4 to Technip Energies\u2019 registration statement on Form F-1 filed on February 11, 2021.\n<\/p>\n<p>\nForward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. Technip Energies undertakes no duty to and will not necessarily update any of the forward-looking statements in light of new information or future events, except to the extent required by applicable law.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210406006160r1&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\/20210406006160\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210406006160\/en\/<\/a><\/span><\/p>\n<p><b>Investor relations<br \/>\n<\/b><\/p>\n<p>Phil Lindsay<br \/>\n<br \/>Vice-President Investor Relations<br \/>\n<br \/>Tel: +44 203 429 3929<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:Investor.relations@technipenergies.com\">Phillip Lindsay<\/a><\/p>\n<p><b>Media relations<br \/>\n<\/b><\/p>\n<p>Stella Fumey<br \/>\n<br \/>Director Press Relations &amp; Digital Communications<br \/>\n<br \/>Tel: +33 (1) 85 67 40 95<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:media_@technipenergies.com\">Stella Fumey<br \/>\n<\/a><\/p>\n<p>Jason 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_@technipenergies.com\">Jason Hyonne<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Netherlands France Asia Pacific Europe India<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Oil\/Gas Energy<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Technip Energies Awarded a Significant Contract by Indian Oil Corporation to Upgrade the Barauni Refinery in India PARIS&#8211;(BUSINESS WIRE)&#8211; Regulatory News: Technip Energies (PARIS:TE) has been awarded a significant(1) Engineering, Procurement, Construction and Commissioning (EPCC) contract by Indian Oil Corporation Limited (IOCL) for its BR9 Expansion Project in Barauni, Bihar, in the Eastern part of India. This EPCC contract covers the installation of a new Once-through Hydrocracker Unit (OHCU) of 1 million metric tonnes per annum (MMTPA) capacity, a Fuel Gas Treatment Unit (FGTU) and the associated facilities. The OHCU, in combination with downstream refinery units, will enable production of BS VI Grade fuels \u2013 similar to Euro VI Grade fuels \u2013 and petrochemicals. Bhaskar Patel, Senior Vice President India &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/technip-energies-awarded-a-significant-contract-by-indian-oil-corporation-to-upgrade-the-barauni-refinery-in-india\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Technip Energies Awarded a Significant Contract by Indian Oil Corporation to Upgrade the Barauni Refinery in India&#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-472348","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>Technip Energies Awarded a Significant Contract by Indian Oil Corporation to Upgrade the Barauni Refinery in India - 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\/technip-energies-awarded-a-significant-contract-by-indian-oil-corporation-to-upgrade-the-barauni-refinery-in-india\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Technip Energies Awarded a Significant Contract by Indian Oil Corporation to Upgrade the Barauni Refinery in India - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Technip Energies Awarded a Significant Contract by Indian Oil Corporation to Upgrade the Barauni Refinery in India PARIS&#8211;(BUSINESS WIRE)&#8211; Regulatory News: Technip Energies (PARIS:TE) has been awarded a significant(1) Engineering, Procurement, Construction and Commissioning (EPCC) contract by Indian Oil Corporation Limited (IOCL) for its BR9 Expansion Project in Barauni, Bihar, in the Eastern part of India. This EPCC contract covers the installation of a new Once-through Hydrocracker Unit (OHCU) of 1 million metric tonnes per annum (MMTPA) capacity, a Fuel Gas Treatment Unit (FGTU) and the associated facilities. The OHCU, in combination with downstream refinery units, will enable production of BS VI Grade fuels \u2013 similar to Euro VI Grade fuels \u2013 and petrochemicals. 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This EPCC contract covers the installation of a new Once-through Hydrocracker Unit (OHCU) of 1 million metric tonnes per annum (MMTPA) capacity, a Fuel Gas Treatment Unit (FGTU) and the associated facilities. The OHCU, in combination with downstream refinery units, will enable production of BS VI Grade fuels \u2013 similar to Euro VI Grade fuels \u2013 and petrochemicals. 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