MOSCOW (MRC) -- Maire Tecnimont S.p.A. announced that a signing ceremony concerning the USD6 bn world-class integrated polymers complex to be built in Ras Laffan Industrial City was held today in Doha, Qatar, said Hydrocarbonprocessing.
The USD1.3 B EPC Lump Sum contract, already announced on December 21, 2022, is part of this complex and has been awarded to Tecnimont by a Joint Venture composed of QatarEnergy and Chevron Phillips Chemical. QatarEnergy (formerly known as Qatar Petroleum) is the state-owned petroleum company of Qatar and one of the largest gas companies in the world. Chevron Phillips Chemical is a leading manufacturer of high-density polyethylene.
The project awarded to Tecnimont relates to the implementation of a polyethylene plant which includes two polyethylene units, with a capacity of 1,000,000 and 680,000 tons per year respectively, together with the associated utilities and offsites facilities. The project’s scope of work entails complete engineering services, equipment and material supply, erection, and construction activities up to mechanical completion which is expected by 2026.
Alessandro Bernini, Maire Tecnimont Group Chief Executive Officer, commented: “We are honored to further consolidate the fruitful relationship started in 2005 with leading players such as QatarEnergy and Chevron Phillips Chemical, supporting their strategic industrial vision with our technological know-how and capability of managing extremely large and complex projects. Our technology-driven process expertise will help ensure these new assets operate efficiently. Moreover, this contract confirms our global leadership in polyolefins and represents additional evidence of our value proposition effectiveness, when it comes to supporting clients in transforming natural resources into value-added, innovative products."
We remind, Maire Tecnimont announced that its subsidiaries Tecnimont, KT-Kinetics Technology and Stamicarbon have been awarded several new contracts for licensing, engineering services, engineering and procurement (EP) and engineering, procurement and construction (EPC) activities, for an overall value of approximately USD280 mln. These contracts have been granted by international clients mainly in North America and Latin America, Africa, and the Far East.