MAIRE’s Subsidiary Tecnimont Secures $1.3 Billion EPC Contract for Global Petrochemical Project

Introduction

Recently MAIRE S.p.a has announced that its subsidiary company named Tecnimont S.p.a has secured a petrochemical project. The total value of this Engineering, Procurement, and Construction (EPC) contract is $1.3 billion. According to this contract, Tecnimont S.p.a will develop whole engineering and construction responsibility, in order to develop new and modern processing plant.

Key Project Detail

Feature	Details
Main Contractor	Tecnimont S.p.A. (Subsidiary of MAIRE S.p.A.)
Contract Value	Approximately USD 1.3 Billion
Contract Type	EPC (Engineering, Procurement, and Construction)
Project Type	Petrochemical / Hydrocarbon Processing Plant
Key Components	Processing Plant, Utilities, and Offsite Facilities
Expected Completion	2031

Impact of This Project

• The demand of hydrocarbon based products is high. So this project will fulfill the demand.
• Downstream industrial infrastructure will be more developed.
• This contract will mark a great sign on MAIRE group in whole world for engineering and energy transition.
• This project will mark a big role for Qatar in polyethylene market in world.
• Qatar's GDP will increase by this $1.3 billion project. Qatar will not dependent only on oil and gas.
• This billion dollar project will create jobs and sub-contract for locals and locals companies.
• Tecnimont will use low emission techniques in order to protect environment as per Vision2030 of Qatar.

More Derails of This Project

Tecnimont will use it's old expertise and experience to accomplish this project in 2031. This project will not only develop plant, but also it has responsibility to connect all related utilities and offsite facility. This project is proof that now a days the demand of modern technology and infrastructure is high.

This project is located in Ras Laffan Industrial City, Qatar. There are two clients i.e. QatarEnergy (70% Share) and Chevron Phillip Chemicals (30% Share). Two polyethylene units will be developed. The capacity will be 1.68 million tons.