Licensing and Engineering Maire Tecnimont Wins Contracts worth 730 Million Dollars
Amidst the many agreements, the most recent deal which the company has bagged includes an EPC contract by Abu Dhabi Polymer Company (Borouge) for a new polypropylene unit in Abu Dhabi, UAE. The plant is expected to produce a maximum capacity of 480,000 tonnes per year.
Milan/Italy – Maire Tecnimont has recently announced that its main subsidiaries have been granted several new awards and additional works of existing contracts for a total amount of 730 million dollars for licensing, engineering services and engineering, procurement & construction (EPC) services. These contracts have been awarded by some of the most remarkable international clients located in Europe, Middle East, South East Asia and Americas.
Among the new acquisitions, Tecnimont has been awarded an EPC contract by Abu Dhabi Polymer Company (Borouge) for a new polypropylene unit (PP5 Project) in Ruwais, Abu Dhabi, in the UAE. Borouge is the joint venture between Abu Dhabi National Oil Company (Adnoc), one of the world's largest oil and gas companies, and Borealis, a leading Austrian international producer of petrochemical and plastics solutions.
The scope of work relates to a new Polypropylene Unit (PP5), having a maximum production capacity of 480,000 tonnes per year, and associated facilities, to be integrated within the existing Borouge 3 Complex. The project completion is expected by the end of 2021.
Maire Tecnimont Group has been supporting the development of Abu Dhabi’s petrochemical value chain since the late 90s, with the first Borouge polyolefin complex (Borouge 1) completed in 2001. The Group carried out two additional expansion projects in 2007 and 2010 (Borouge 2 and Borouge 3, respectively). This new EPC contract—which follows the Front-End Engineering Design (Feed) phase already successfully completed by Tecnimont—confirms the Group’s outstanding world leadership in polyolefins and further consolidates its industrial footprint in one of its historical markets in the Middle East.