Polyolefins Maire Tecnimont Secures 150 Million Dollar EP Project
Maire Tecnimont’s subsidiaries have been awarded an EP (Engineering and Procurement) contract by KOS for the construction of a Low-Density Polyethylene (LDPE)/ Ethylene-Vinyl Acetate (EVA) plant at its existing facilities in Kazan, in the Republic of Tatarstan.
Milan/Italy – Maire Tecnimont has recently announced that its subsidiaries Tecnimont Planung & Industrieanlagenbau and MT Russia have been awarded by Kazanorgsintez PJSC (KOS) an EP contract (Engineering and Procurement). The contract is for the execution of a Low-Density Polyethylene (LDPE)/ Ethylene-Vinyl Acetate (EVA) plant, to be implemented inside the existing KOS facilities, located in Kazan, in the Republic of Tatarstan (Russian Federation).
KOS is one of the largest producers of polyethylene in the Russian Federation. The contract signing ceremony was held in Maire Tecnimont Group’s Milan headquarters and attended by KOS General Director Farid Minigulov and Maire Tecnimont Group CEO Pierroberto Folgiero, together with several top executives of both companies.
The scope of the project includes the implementation of a new LDPE/EVA Plant with a capacity of 100,000 tons per year.
The overall EP contract value is approximately 153 million dollars. The contract is under a Lump Sum scheme for the Engineering and Procurement Services and under a Reimbursable scheme for the Equipment and Material supply.
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.