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TechnipFMC awarded a significant contract for the expansion of Neste’s renewable products facility in Singapore

This project will increase the overall Neste Singapore Refinery renewable products...

LONDON & PARIS & HOUSTON–(BUSINESS WIRE)– TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a significant(1) Engineering, Procurement support and Construction management services contract by Neste for the expansion of their renewable products refinery in Singapore.

This project will increase the overall Neste Singapore Refinery renewable products production by up to 1.3 million tons per year and includes TechnipFMC’s steam reforming technology.

This expansion aims at meeting the market demand for renewable products. The production process is based on Neste’s proprietary NEXBTL state-of-the-art technology.

Nello Uccelletti, President of TechnipFMC’s Onshore-Offshore business, stated: “This award demonstrates our long-standing relationship with Neste, established in 2007, with the delivery of two world-scale renewable fuels units in Rotterdam and Singapore. We are proud to support Neste in the quest for renewable products, as well as collaborate with this client on a leading-edge technology. This confirms the interest by both parties to embrace the energy transition supported by today’s market trend.”

(1)For TechnipFMC a “significant” contract ranges between $75 million and $250 million.