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05-02-2016

Maire Tecnimont receive a polyethylene plant contract from SOCAR

Maire Tecnimont S.p.A. announces that, as a result of an international tender, its subsidiaries Tecnimont S.p.A. and KT Kinetics Technology S.p.A have signed an EPC contractwith SOCAR POLYMER for the realization of a polyethylene plant on a Lump Sum Turn-Key basis.

The plant will be located in the Sumgayit Petrochemical Complex around 30 km North of Baku, Azerbaijan. Total contract value is approximately USD 180 million.

SOCAR POLYMER is a Company controlled by SOCAR, the national company of Azerbaijan 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 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.

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