By: ICN Bureau
Last updated : March 06, 2018 8:18 pm
Maire Tecnimont S.p.A. announces that its main operating company Tecnimont S.p.A. and its fully owned subsidiary Tecnimont ICB (TICB) of India have been awarded two EPC contracts on lumpsum turnkey basis for the realization of Polyolefin Plants for P
Maire Tecnimont S.p.A. announces that its main
operating company Tecnimont S.p.A. and its fully owned subsidiary Tecnimont ICB
(TICB) of India have been awarded two EPC contracts on lumpsum turnkey basis for
the realization of Polyolefin Plants for PE and PP in Dahej, Gujarat. The client
is ONGC Petro additions (OPaL), a joint venture company promoted by Oil and
Natural Gas Corporation (ONGC), a global energy major, along with other
co-promoters i.e. the Gujarat State Petroleum Corporation (GSPC) and Gas
Authority of India (GAIL).
The two contracts have a total value of about USD 440 million equivalent and
cover the implementation of a Polypropylene Plant of 340 Kty capacity and two
HD/LLD Swing Polyethylene Plants of 360 Kty capacity each.
The award followed International competitive Bidding process where many major
EPC Contractors participated. The Ineos Innovene PP process will be used for
the Polypropylene plant and the Ineos.
These awards represent an important milestone for Maire Tecnimont, that
consolidates its presence in the Indian EPC contract as well as its role of one
of the market leaders in the Petrochemical Projects segment.