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28-08-2018

HPCL-Mittal Energy Limited award Maire Tecnimont two petrochemical contracts

Maire Tecnimont S.p.A. announces that its subsidiary Tecnimont S.p.A., in consortium with its Indian affiliate Tecnimont Private Limited, has been awarded two EPCC (Engineering, Procurement, Construction and Commissioning) Lump Sum contracts by HPCL-Mittal Energy Limited (HMEL), for the implementation of a new High-Density Polyethylene unit (HDPE) and a new Polypropylene unit (PP). The units will be located adjacent to Guru Gobind Singh Refinery at Bathinda, Punjab, in northern India.

HMEL is a joint venture formed by Mittal Energy Investments Pte. Limited Singapore and Hindustan Petroleum Corporation Ltd..

The overall value of the EPC Lump Sum contracts is in the range of USD 225 million. The projects’ scope entails Engineering, Procurement, Construction and Commissioning activities up to the Performance Guarantees Test Run of the monomer purification sections and the polymerization areas. Once completed, the new HDPE unit will have a capacity of 450,000 tons per year, while the new PP unit will have a capacity of 500,000 tons per year. The time schedule is 25 Months for Mechanical Completion.

Pierroberto Folgiero, Maire Tecnimont Chief Executive Officer, commented: “With this important step in India supporting very prestigious clients such as HPCL-Mittal Energy Limited, we confirm our global leadership in polyolefins and consolidate our technology-driven footprint in Asia, a market with a very promising downstream investment cycle thanks to the availability of natural resources and the growing demand for petrochemical products.”

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