TechnipFMC, Technip Energies Have Hand in More than $155 Billion in Projects

Researched by Industrial Info Resources (Sugar Land, Texas)--Engineering, procurement and construction (EPC) giants TechnipFMC (NYSE:FTI) (London, England) and its recent spinoff Technip Energies appear to be going strong in the face of the COVID-19 pandemic. According to chief executive officer Doug Pferdehirt in a February conference call, the companies faced no cancellations from the backlog in 2020 despite an "unpredictable operating environment." To this end, the companies are at work on projects throughout the world in a number of fields, including Oil & Gas Production, Chemical Processing and Petroleum Refining. Industrial Info is tracking projects valued at more than $155 billion involving TechnipFMC, including more than $18.3 billion worth in the U.S. and Canada.

Click on the image at right for a breakdown by world region of active projects involving TechnipFMC and Technip Energies.

While certainly not its largest project, TechnipFMC has plans for a project all its own: a grassroot submersible robot manufacturing plant in West Sacramento, California. A 239,700-square-foot building will house equipment for the production of deepwater submersible robots for offshore oil exploration and drilling. Construction is expected to begin this summer and take about a year to complete. A Phase II expansion already is in the works, planned to kick off a little later, before the grassroot phase is complete. The second phase entails constructing two additional buildings to expand the facility's manufacturing capability and provide additional warehousing and distribution space. For more information, see Industrial Info's project reports on Phase I and Phase II.

Elsewhere in North America, Technip Energies is at work on the Phase III expansion of an ethylene production unit in Corunna, Ontario, for NOVA Chemicals Corporation (Calgary, Alberta). The 1.88 billion-pound-per-year is being expanded to increase capacity by 50%-60% through the installation of two new cracking furnaces and a debottleneck. The expansion will help support a new polyethylene unit. The workforce on the project was reduced early last year as a precaution for COVID-19, but it is now on track to be completed in late summer 2022 along with the polyethylene unit, which will produce an estimated 1 billion pounds per year. For more information, see Industrial Info's project reports on the ethylene expansion and polyethylene unit.

Among Technip Energies' most high-profile projects in the U.S. is the $2 billion expansion of Exxon Mobil Corporation's (NYSE:XOM) (Irving, Texas) refinery in Beaumont, Texas. The 344,000-barrel-per-day (BBL/d) refinery is being expanded by constructing a third crude unit with a capacity of 250,000 BBL/d. In addition, a kerosene hydrotreater, a 45,000-BBL/d diesel hydrotreater and a benzene recovery unit are being added. The project kicked off in early 2019 and is expected to wrap up in early 2023. It was expected to be completed earlier, but last summer, ExxonMobil pushed out the completion date due to the lower demand for petroleum products caused by the COVID-19 pandemic. According to news media, the expansion was designed to take fuller advantage of ExxonMobil's newly developed fields in the Permian Basin of West Texas and New Mexico. However, at the onset of the pandemic, the company announced it would slow its spending in the region. For more information, see Industrial Info's project report.

Another high-profile project involving TechnipFMC, and easily one of its largest, is the construction of four liquefied natural gas (LNG) production trains in Qatar for Qatar Petroleum (Doha, Qatar). The project is expected to kick off later this year and entails adding four 8 million-ton-per-year trains (trains 8, 9, 10 and 11) to the facility for production of an additional 32 million tons of LNG per year. TechnipFMC is providing EPC work on the project in a joint venture with Chiyoda Corporation (Yokohama, Japan). The project is expected to be completed in late 2025. For more information, see Industrial Info's project report.

In addition to these projects, Industrial Info is tracking more than 350 other TechnipFMC and Technip Energies projects throughout the world, ranging from LNG to petrochemical to refining and more.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, visit us online at http://www.industrialinfo.com.