Maire Tecnimont awarded petrochemical contract

KOS is one of the largest producers of polyethylene in the Russian Federation, supplying its products to 36 countries worldwide. The contract signing ceremony was held in Maire Tecnimont Group’s headquarters in Milan, Italy, and attended by KOS General Director Farid Minigulov and Maire Tecnimont Group Chief Executive Officer Pierroberto Folgiero, together with several top executives of both companies.

The overall EP contract value is approximately €130 million. The contract is under a lump sum scheme for the EP services and under a reimbursable scheme for the equipment and material supply. The scope of the project includes the implementation of a new LDPE/EVA plant with a capacity of 100 000 tpy. The project will be mainly aimed at expanding the production capacity of polyolefins, and its completion is expected within about 40 months from the contract signing date.

The portion of the scope of work in the Russian Federation will be performed by MT Russia in its Moscow engineering centre, where Maire Tecnimont Group employs about 200 specialists currently involved in several ongoing Russian projects. MT Russia represents therefore an asset within the Group’s network. Tecnimont Planung & Industrieanlagenbau is Tecnimont’s German engineering subsidiary located in Braunschweig, highly specialised in the design of LDPE plants. Pierroberto Folgiero, Maire Tecnimont Group CEO, commented: “We are eager to put at KOS’s service our technological know-how as well as our engineering and construction capabilities to support the industrial development of Tatarstan, with state-of-the-art technologies that will ensure best environmentally performing standards. With this award we further consolidate our very strong track record in the Russian Federation, thanks to our global leadership in polyolefins and the synergies within the Group.”

Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/06082021/maire-tecnimont-awarded-petrochemical-contract/