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13 April 2015: Maire Tecnimont wins EPC contract for SOCAR Sumgayit Polypropylene Plant

13 April 2015

Maire Tecnimont's subsidiaries Tecnimont S.p.A. and KT – Kinetics Technology S.p.A, has been awarded a Lump Sum EPC contract for the completion of a Polypropylene plant and relevant utilities and off sites facilities at the industrial site of Sumgayit, Azerbaijan. The contract is valued at €350 million. The plant will be located in the Sumgayit Petrochemical Complex around 30 km North of Baku, Azerbaijan.

The official signing of the EPC contract ceremony is planned for 14th April 2015 in Baku, at the presence of representatives of both Italian and Azerbaijani governmental institutions.

The scope of work envisages the provision of complete engineering services, equipment and material supply, erection and construction activities up to start up and guarantee test run. The plant will have a capacity of about 180,000 mtpa. This will be the first polypropylene plant in Azerbaijan and will utilize the propylene feedstock coming from the existing naphtha cracker.

Pierroberto Folgiero, Maire Tecnimont Chief Executive Officer, commented: “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 support SOCAR, one of the key players worldwide in the hydrocarbon industry, to further develop the downstream sector in the Country with this strategic initiative, since this is the first polypropylene plant to be realized in Azerbaijan”.

SOCAR POLYMER is a controlled by SOCAR, the state owned company of Azerbaijan active in the oil, gas, petrochemicals and fertilizer sectors.

Maire Tecnimont

10 April 2015: KBR awarded construction contract for Corpus Christi West Refinery modification and expansion


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