Maire Tecnimont’s subsidiaries Tecnimont and KT – Kinetics Technology have signed an EPC contract with Socar Polymer for the realization of a polyethylene plant on a Lump Sum Turn-Key basis in Azerbaijan.
Milan/Italy – The plant will be located in the Sumgayit Petrochemical Complex around 30 km North of Baku, Azerbaijan. The total contract value is approximately USD 180 million.
The Project’s Scope of Work envisages the provision of complete engineering services, equipment and material supply, construction activities up to start up and guarantee test run. The plant will be developed on the basis of the Ineos Innovene S technology and will have a capacity of 120,000 t/y (tons per year).
This award follows the contract granted in April 2015 by the same client for the realization of the Sumgayit’s polypropylene plant, thus highlighting the Group’s reliability and competitiveness with a key client such as Socar. With this achievement Maire Tecnimont Group consolidates its leadership in the polyolefins field, by further strengthening its presence in the Caspian Area, where the Group can boast a long-lasting and successful track record.
Pierroberto Folgiero, Maire Tecnimont Chief Executive Officer, commented: “This result confirms the Group’s distinctive competences in the polyolefins sector and its capabilities in implementing relevant EPC projects in its historical core business. We are eager to keep on supporting Socar, one of the key players worldwide in the hydrocarbon industry, to further develop the downstream sector in the Country with this strategic initiative.”