In February 2019, Maire Tecnimont was awarded a reimbursable EPC contract by Natpet for the reinstatement of the existing polypropylene plant located in Yanbu Industrial City in Saudi Arabia. The overall value of the contract is about $65mn on a reimbursable basis. The project scope of work entails engineering and procurement services, material supply, construction supervision services and construction works. The project has an estimated execution schedule of seven months, up to ready for start-up. In the same month, Maire Tecnimont signed with Borouge a contract for the FEED services for the fourth expansion phase of the Ruwais petrochemicals complex in Abu Dhabi, UAE. The overall value of the FEED contract is approximately $45mn on a reimbursable basis. The project scope of work consists in the FEED services for the new expansion phase of Borouge’s complex in Ruwais composed of the world’s largest mixed feed cracker with a capacity of 1.8mn tonnes of ethylene per year. The project completion is expected within 2020. In July 2018, Maire Tecnimont was granted several new awards and additional works of existing contracts for a total amount of $730mn for licensing, engineering services and EPC 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 these, there is an EPC contract by Borouge for a new polypropylene unit in Ruwais. The scope of work relates to a new polypropylene unit, having a maximum production capacity of 480,000 tonnes per year, and associated facilities, to be integrated within the existing Borouge 3 complex. The project completion is expected by the end of 2021.
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