Aug 06 | 2021
(Europe) Group Expands Strategic EPC Portfolio
Italian engineering firm Maire Tecnimont has signed a contract with Spanish energy and petrochemical group Repsol for expansion work at the Sines Industrial Complex in Portugal.
The engineering, procurement and construction contract will cover delivery and installation of various breakbulk components to create new polypropylene and linear polyethylene units.
“We are honored to play a strategic role in the largest investment in Portugal in the last decade, contributing with our technological know-how and distinctive competences in managing innovative projects to implement these next generation units, which will produce high quality plastic materials for highly specialised applications,” said Pierroberto Folgiero, CEO of Maire Tecnimont Group.
€430 Million Contract
Valued at about €430 million, the complex project is scheduled to take several years with upgrade work expected to complete in 2025. The large-scale industrial project is expected to drive significant project cargo activity over that period and will add capacity of 300,000 tonnes per year to the Sines facility once complete.
“The technologies applied in both units will guarantee maximum energy efficiency and will be the first of their kind to be implemented in the Iberian Peninsula, making the Sines Industrial Complex one of the most advanced in Europe due to its flexibility and high degree of integration,” a spokesperson for Maire Tecnimont said.
Maire Tecnimont provides a range of engineering and construction services for the oil and gas, chemical and petrochemical, energy, infrastructure and civil engineering sectors. The firm is headquartered in Rome and manages large turnkey engineering, procurement and construction projects in approximately 45 different countries with a workforce of more than 6,300 employees.
Barauni Expansion
The firm also recently announced the award of a US$170 million contract to expand the Barauni refinery in the state of Bihar, India.
The agreement with Indian Oil Corp, or IOCL, was reached as part of a consortium that will provide EPC work to install a new polypropylene plant at the refinery, which will expand crude processing capacity to 9 million tonnes per annum from 6 million tonnes currently.
“This is our sixth strategic EPC contract with a market leader such as IOCL, along with our recent joint initiatives in the green energy arena,” Folgiero said.
