Hydrogen
Maire Tecnimont bags US $300 million EPC for low-carbon ammonia project in GCC region
The contract value is approximately USD300 MN and its scope of work includes engineering activities, supply of all materials and equipment as well as construction activities
- By ICN Bureau
| July 07, 2022
Maire Tecnimont announces that its subsidiary Tecnimont in cooperation with its sister company Nextchem has been awarded a Lump Sum Turn-Key EPC contract for a low-carbon ammonia Synloop facility to be built in the Gulf Cooperation Council region.
The contract value is approximately US $300 million and its scope of work includes engineering activities, supply of all materials and equipment as well as construction activities. Tecnimont has been instructed to immediately start with the engineering work in relation to the project; the commencement of the procurement and construction works will be confirmed later this year when a final investment decision will be made. The project entails a 3,000 tons per day approximately (1 million tons per annum) low-carbon ammonia Synloop plant and completion of the project is expected by the second half of 2025.
Alessandro Bernini, Maire Tecnimont Group CEO, commented: “This strategic project is extremely important since it will provide a significant contribution to the energy transition of the GCC region by reducing the carbon footprint of the fertilizer value chain. It will also contribute to the steady expansion of our green energy business.”
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