Maire Tecnimont subsidiary awarded US$ 65 mn EPC contract for Yanbu plant

Posted on 1st March 2019

Maire Tecnimont subsidiary awarded US$ 65 mn EPC contract for Yanbu plant
Image courtesy of: http://www.tradearabia.com/source/2019/03/01/yanbu.jpg

According to *Tradearabia news report, Maire Tecnimont said that its subsidiary has been awarded a $65 million EPC contract for the reinstatement of the existing polypropylene plant located in Yanbu Industrial City on the west coast of Saudi Arabia.

The subsidiary, Tecnimont S.p.A., through its affiliate Tecnimont Arabia, won the reimbursable contract from National Petrochemical Industrial Company (NATPET).

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 honoured to put our technological know-how at the service of a prestigious client such as NATPET.”

*News source: http://tradearabia.com/news/CO...

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