SNC-Lavalin awarded EPC contract with NOVA Chemicals

MONTREAL, March 8, 2018 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) announces that it has, in consortium with TechnipFMC, been awarded a lump sum EPC contract to supply NOVA Chemicals with two gas cracking furnaces. This award supports the recently announced third phase of the conversion and expansion of NOVA Chemicals' Corunna cracker, which is expected to increase the unit's current ethylene capacity by more than 50% and is linked to the construction of a new polyethylene facility being developed by NOVA Chemicals. Prior to this EPC award, TechnipFMC provided the associated process technology under a separate licensing agreement with NOVA Chemicals; both TechnipFMC and SNC-Lavalin supported NOVA Chemicals in the front-end engineering (EDS / FEED) development for the gas cracking furnaces.

Under the agreement, TechnipFMC will have primary responsibility for the detailed engineering and procurement aspects of the work, while SNC-Lavalin will be responsible for the modular fabrication, erection, construction and pre-commissioning of the work.

"We are pleased to be awarded this project which will expand our ongoing and successful working relationship with NOVA Chemicals," said Kevin Dell, Senior Vice President, Oil & Gas Canada, SNC-Lavalin. "Our downstream capabilities are well regarded in Canada and this segment of the market is seeing growing demand; this award reinforces our reputation for delivering gas cracking furnaces within Canada."

About SNC-Lavalin

Founded in 1911, SNC-Lavalin is a global fully integrated professional services and project management company and a major player in the ownership of infrastructure. From offices around the world, SNC-Lavalin's employees are proud to build what matters. Our teams provide comprehensive end-to-end project solutions – including capital investment, consulting, design, engineering, construction, sustaining capital and operations and maintenance – to clients in oil and gas, mining and metallurgy, infrastructure and power. On July 3, 2017, SNC-Lavalin acquired Atkins, one of the world's most respected design, engineering and project management consultancies. www.snclavalin.com

SOURCE SNC-Lavalin