South Africa’s Sasol forms GTL alliance with Technip

August 21, 2013 | Mergers, Acquisitions & JVs, North Sea & Western Europe

Technip-logo2 (460 x 300)Paris – French engineering giant Technip has formed an alliance with South African company Sasol, owner of the world’s leading gas-to-liquids (GTL) technology, which converts natural gas into liquid fuels, covering the latter’s future gas-to-liquids projects.

The agreement also allows Technip to participate in the execution stage of future GTL projects.

“Through the acquisition of Stone & Webster process technologies, Technip has become the exclusive co-developer of Sasol’s hydrocarbon synthesis reactor technology,” Technip’s senior vice president onshore, Nello Uccelletti, said.

“We are proud to be Sasol’s contractor of choice for its future GTL facility projects, thereby confirming both our leading position worldwide as one of the few contractors with experience in major GTL facilities and our long-term relationship with Sasol.”

Technip’s operating centre in Rome, Italy, which is its main operating centre for GTL, will manage the alliance, including the strengthening of the relationship between the Technip Stone & Webster process technology centre in Boston, Massachusetts, with Sasol Technology for the hydrocarbon synthesis technology section.

Technip acquired stone & Webster from US engineering company Shaw Group in a $301.9 million deal last year.