Maire Tecnimont's subsidiaries Tecnimont S.p.A. and KT – Kinetics Technology S.p.A have signed an EPC contract with SOCAR for a polyethylene (PE) plant on a lump sum turn-key basis.

 

The plant will be located in the Sumgayit petrochemical complex, which is about 30 kilometers north of Baku, Azerbaijan.

 

The total contract value is approximately $180 million.

 

SOCAR is the national company of Azerbaijan. It is active in the oil, gas, petrochemicals and fertilizer sectors.

 

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 tpy.

 

This award follows the contract granted in April 2015 by the same client for the realization of the Sumgayit polypropylene (PP) plant, thus highlighting Tecnimont's reliability and competitiveness with a key client such as SOCAR, the company says. 

With this achievement, the Maire Tecnimont Group consolidates its leadership in the polyolefins field by further strengthening its presence in the Caspian region, where the company says it has a long-lasting and successful track record.

 

“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," said Pierroberto Folgiero, Maire Tecnimont CEO. "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."