Engineering/Fertilizer Project Maire Tecnimont Bags Billion–Dollar Fertilizer Engineering Contract
Italian based Maire Tecnimont will design and construct a large scale, greenfield fertilizer complex for Midwest Fertilizer in Mount Vernon, Indiana (United States). The EPC contract alone is worth US $ 1.6 billion.
Mount Vernon, Indiana/United States – The project by shall consist of an ammonia plant (2,200 mtpd) based on KBR technology, urea synthesis plant (2,200 mtpd), urea granulation plant (1,200 mtpd), urea ammonium nitrate plant (4,300 mtpd) and diesel exhaust fuel plant (900 mtpd) based on Stamicarbon’s technology – Maire Tecnimont’s licensing and IP centre, market leader in urea technology – nitric acid plant (1,530 mtpd) based on Borealis/GPN technology, and all associated off-sites and utilities. The Italian company intends to build partnerships with important US construction players for the execution of the works. The project completion will occur within 36 months after Notice-to-Proceed and is expected in Q4 2017.
With this Memorandum of Understanding Maire Tecnimont Group takes a further step towards consolidating its leadership in fertilizers and strengthening its strategic presence in North America, today one of the most promising market in the hydrocarbon sector worldwide, being driven by the recent shale gas boom. Moreover, such a step is sound evidence of Maire Tecnimont’s proactive project development and commercial approach characterized by an early involvement during the project development phase of strategic industrial initiatives such as the Midwest Fertilizer Corporation.
Pierroberto Folgiero, Maire Tecnimont Chief Executive Officer, commented: “We feel really honored to be engaged in this venture with such a prestigious global client. Further, such achievement confirms our outstanding distinctive competencies in the fertilizers segment, one the main pillars of our technology driven core business, and further positions the Maire Tecnimont Group in a strategic country like USA characterized by growing investments flows in downstream industries and very stable market environment.”