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 两性色午夜鈥檚 steam reforming proprietary technology. The project also includes other process units, interconnecting, offsites and utilities.
The project supports the Egyptian Government鈥檚 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鈥檚 (ASORC) nearby refinery into approximately 2.8 million tons per year of cleaner products, such as Euro V diesel.
The contract award will be included in the Company鈥檚 fourth quarter 2020 inbound orders.
(1) For
Important Information for Investors and Securityholders
Forward-Looking Statement
This release contains "forward-looking statements" 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 鈥渂elieve鈥, 鈥渆stimated鈥 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
About
Organized in three business segments 鈥
Each 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.
View source version on :
Investor relations
Vice President Investor Relations
Tel: +1 281 260 3665
Email:
Director Investor Relations Europe
Tel: +44 203 429 3929
Email:
Media relations
Christophe Belorgeot
Senior Vice President Corporate Engagement
Tel: +33 1 47 78 39 92
Email: Christophe Belorgeot
Jason Hyonne
Public Relations Officer
Tel: +33 1 47 78 22 89
Email: Jason Hyonne
Source: