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MarketScreener Homepage  >  Equities  >  Nyse  >  TechnipFMC    FTI   GB00BDSFG982

TECHNIPFMC

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TechnipFMC : announces first technology license for epichlorohydrin from renewable feedstock in India

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10/28/2019 | 10:17am EST

News | October 28, 2019

TechnipFMC announces first technology license for epichlorohydrin from renewable feedstock in India

TechnipFMC announces that it has signed its first EPICEROL® Technology License Agreement with Meghmani Finechem Ltd (MFL) in India. The 50 kta(1) capacity plant will produce epichlorohydrin from glycerin, a renewable feedstock derived from natural sources. The unit will be integrated into the Chlor Alkali and Derivative Complex in Dahej, Gujarat, India, to serve the growing domestic epichlorohydrin market. MFL will be the first to manufacture epichlorohydrin in India with an expected plant start-up of 2021.

Epichlorohydrin is a compound used to produce epoxy resins. Its main applications include corrosion protection coatings in the industrial, automotive, and packaging industries and as composites used in the aerospace and wind mill industries.

This first project using the EPICEROL technology will be managed from TechnipFMC's center in Lyon, France, the reference center for bio-sourced chemicals technologies. Based on renewable glycerol feedstocks, EPICEROL is the most sustainable ECH process in terms of CO2 emissions and process environmental performance. Compared to a fossil route, it allows a ten-fold reduction in water consumption, a 50% reduction in the consumption of non-renewable resources and a significant reduction in CO2 emissions. Incorporating a 50 kta of EPICEROL instead of a propylene based ECH process reduces the global carbon footprint by 128 kta C02 equivalent.

Stan Knez, President of TechnipFMC Process Technology, commented: 'EPICEROL offers a cost-effective process to produce epichlorohydrin, with a reduced carbon footprint compared to traditional propylene-based processes. This breakthrough technology produces fewer emissions, effluents or harmful by-products, making it one of the most environment friendly processes possible.'

(1)Kta: kilo tonnes per annum


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About TechnipFMC
TechnipFMC is a global leader in subsea, onshore/offshore, and surface projects. With our proprietary technologies and production systems, integrated expertise, and comprehensive solutions, we are transforming our clients' project economics.

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 clients in developing their oil and gas resources.

Each of our more than 37,000 employees is driven by a steady commitment to clients and a culture of purposeful innovation, challenging industry conventions, and rethinking how the best results are achieved.

TechnipFMC utilizes its website www.TechnipFMC.com as a channel of distribution of material company information. To learn more about us and how we are enhancing the performance of the world's energy industry, go to www.TechnipFMC.com and follow us on Twitter @TechnipFMC.

Contacts
Annette Morgan
Senior Communications Manager
Process Technology
Tel: +1 281-249-2475
Email: annette.morgan@technipfmc.com

Disclaimer

TechnipFMC plc published this content on 28 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 October 2019 15:16:04 UTC

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Sales 2019 13 531 M
EBIT 2019 1 129 M
Net income 2019 459 M
Finance 2019 532 M
Yield 2019 2,73%
P/E ratio 2019 20,5x
P/E ratio 2020 13,3x
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