13 July 2018
DETAILS
announces that its main subsidiaries
have been granted several new awards
and additional works of existing contracts
for a total amount of USD 730 million
for licensing, engineering services and Engineering,
Procurement & Construction 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 S.p.A. 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 tons 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.
Pierroberto Folgiero,
Maire Tecnimont Group Chief Executive Officer
"The UAE is our second home and
we have a deep knowledge of the market and its players:
it is one of the most suitable environments
for a technology-driven EPC contractor such as our Group”
“We are honoured to contribute once again
to Abu Dhabi’s development plans, and to further
strengthen a mutually beneficial partnership
with a prestigious client such as Borouge.”
Media Relations
Image Building
Simona Raffaelli,
Alfredo Mele,
Alessandro Zambetti
Tel +39 02 89011300
mairetecnimont@imagebuilding.it
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