Italy's Maire Tecnimont bags Euro 350 mn contract for PP plant in Azerbaijan

Italian engineering & construction firm Maire Tecnimont SpA has won Euro 350 million EPC contract for the construction of polypropylene plant in Azerbaijan. The company announced that its subsidiaries Tecnimont SpA and Kinetics Technology SpA have reached an agreement with Socar Polymer for the award relating to the realisation of a polypropylene plant and relevant utilities and off sites facilities on a EPC lump sum basis.
 
The plant will be located in the Sumgayit Petrochemical Complex around 30 km North of Baku, Azerbaijan.
 
Socar Polymer is a company controlled by Socar, the government company of Azerbaijan active in the oil, gas, petrochemicals and fertilizer sectors.
 
The project’s scope of work envisages the provision of complete engineering services, equipment and material supply, erection and construction activities up to start up and guarantee test run. The plant will have a capacity of about 180,000 tonnes per annum (tpa). This will be the first polypropylene plant in Azerbaijan and will utilise the propylene feedstock coming from the existing naphtha cracker.
 
With this move, the Maire Tecnimont Group aims to consolidate its leadership in the polyolefins field, by further strengthening its presence also in the Caspian Area, leveraging on its technology-driven expertise in petrochemicals.