Maire Tecnimont’s subsidiaries Tecnimont and KT-Kinetics Technology have won an EPC contract worth $180m from Socar Polymer for a new polyethylene plant in Azerbaijan.
The scope of the contract will include the provision of complete engineering services, equipment and material supply, construction activities up to start up and guarantee test run.
The plant will be built in the Sumgayit Petrochemical Complex around 30km north of Baku. It will be developed on the basis of the Ineos Innovene S technology and will have an annual capacity of 120,000 tonnes.
In April 2015, Socar Polymer awarded a contract to Maire Tecnimont for Sumgayit’s polypropylene plant.
Maire Tecnimont CEO Pierroberto Folgiero said: “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.
“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."