Technip Awarded EPCM Contract for a New Generation Biodiesel Plant in Singapore

PARIS--(Business Wire)--Regulatory News:

Technip (Paris:TEC) (ISIN:FR0000131708) has been selected by Neste
Oil Corporation as contractor for the engineering, procurement and
construction management (EPCM) of its new generation NExBTL renewable
diesel plant to be built in Singapore. The companies intend to
continue their partnership for other future NExBTL plants.

The plant, which represents an overall investment of approximately
EUR 550 million, will have a production capacity of 800,000 tons per
year and will be the largest facility producing diesel fuel from
renewable feedstocks. The production process will be based on Neste
Oil's proprietary NExBTL technology, the first commercial
new-generation diesel production process that can use any vegetable
oil or animal fat as feedstock.

Technip's operating centers in Rome and Singapore will execute the
contract.

The construction of the plant will begin in the first half of
2008.

With a workforce of 22,000 people, Technip ranks among the top
five corporations in the field of oil, gas and petrochemical
engineering, construction and services. The Group is headquartered in
Paris.

The Group's main operations and engineering centers and business
units are located in France, Italy, Germany, the UK, Norway, Finland,
the Netherlands, the USA, Brazil, Abu-Dhabi, China, India, Malaysia
and Australia.

In support of its activities, the Group manufactures flexible
pipes and umbilicals, and builds offshore platforms in its
manufacturing plants and fabrication yards in France, Brazil, the UK,
the USA, Finland and Angola, and has a fleet of specialized vessels
for pipeline installation and subsea construction.

The Technip share is listed on Euronext Paris.

Technip
Public Relations
Laurence Bricq, +33 (0) 1 47 78 26 37
lbricq@technip.com
or
Investor and Analyst Relations
Xavier d'Ouince, +33 (0) 1 47 78 25 75
xdouince@technip.com
or
Group website
http://www.technip.com

Copyright Business Wire 2008