Maire Tecnimont-Archirodon JV bagged US$1.7 billion Egyptian Petrochemical deal

Posted on 8th April 2014

Carbon Holdings Ltd. (CHL) of Egypt awarded  engineering, procurement, construction, and commissioning (EPCC) contract for the development of its Tahrir petrochemical complex planned at Ain Sokhna, Egypt to a consortium consisting of Maire Tecnimont SPA, Milan, and Netherlands-based Archirodon Group NV. The contract was signed on April 6 in Cairo, Maire Tecnimont said. The EPCC contracts, awarded on a direct-negotiation basis, are valued at $1.7-1.95 billion, 50% of which will go to Maire Tecnimont, the company said.

Maire Tecnimont’s scope of work will consist in EP activities for a utilities island, seawater desalination system, wastewater treatment, power plant, and auxiliary packages and systems, as well as in the commissioning of all related services.

Archirodon’s scope of work under the contract will cover EPC supply of sea works, tanks, jetty works, and pipelines, including construction activities for all associated structures, according to Maire Tecnimont.

Financial close the project is scheduled to take place by year end, Maire Tecnimont said.

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