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.