Technip has been awarded by Unipetrol a lump-sum contract to supply four cracking furnaces for their ethylene plant in Zaluzi, Czech Republic, officials announced on Friday.

The value of the contract is between €50 million and €100 million, according to a Technip news release.

The project covers the engineering, supply and construction of the furnaces, including the associated pipe-rack. These new furnaces will replace damaged units at the site.

Two furnaces will be based on Technip's proprietary SMK coil technology and the two others on Technip's proprietary GK6 coil technology. During the last 10 years, SMK has been applied in more than 100 furnaces and GK6 in more than 76 furnaces.

The project will be executed by Technip's office in Zoetermeer, The Netherlands, a center of excellence for ethylene technology.

"We are pleased that Unipetrol selected our furnace technology to help restore their ethylene plant into full operation," said Nello Uccelletti, president of the onshore/offshore business at Technip. "Our priority is to deliver this project safely and in accordance with the agreed fast-track schedule. This project strengthens our relationship with Unipetrol, following our recent award for a polyethylene unit."