Maire Tecnimont awarded EPC contract worth $65 M for the reinstatement of an existing Polypropylene Plant

Milan,  – Maire Tecnimont S.p.A. announced that its subsidiary Tecnimont S.p.A., through its affiliate Tecnimont Arabia Company Limited, has been awarded a reimbursable EPC contract by National Petrochemical Industrial Company (NATPET) for the reinstatement of the existing Polypropylene Plant located in Yanbu Industrial City, on the west coast of the Kingdom of Saudi Arabia.

The overall value of the contract is about USD 65 million 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 about seven months, up to Ready for Start-Up.

Pierroberto Folgiero, Maire Tecnimont Chief Executive Officer, commented: “With this award, we further consolidate our industrial footprint in Saudi Arabia leveraging our strong capabilities in carrying out revamping projects, as part of our business strategy. We are honored to put our technological know-how at the service of a prestigious client such as NATPET”.

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