Eurochem’s ammonia plant EPC contract with Maire Tecnimont in Russia

Eurochem’s ammonia plant EPC contract with Maire Tecnimont in Russia

1:59 PM, 11th June 2015
Eurochem’s ammonia plant EPC contract with Maire Tecnimont in Russia
Dmitry Strezhnev, CEO, Eurochem. (File photo)

MOSCOW, RUSSIA: Agrochemical company Eurochem Group AG and Maire Tecnimont Group said they have signed an engineering, procurement and construction (EPC) contract for a new ammonia plant in Kingisepp, Russia, the contract value of which is approximately €660 million ($745 million).

Out of the total contract value, SACE will provide a €575 million loan guarantee to Eurochem with the remaining amount covered by EuroChem. The project is expected to be completed within 36 months from the commencement date. the companies said.

With a design capacity of 2,700 tonne per day, the Kingisepp ammonia plant will use technology developed by KBR and will be delivered on a lump-sum turn-key basis, including utilities and offsites and it will be executed by Maire Tecnimont’s subsidiaries Tecnimont SpA and Tecnimont Russia OOO, the former having already completed front-end engineering design.

The Kingisepp ammonia plant will be the first of potentially five ammonia-urea projects to be delivered in Russia, the United States and Kazakhstan over the next 10 years under the memorandum of understanding signed between Eurochem, Maire Tecnimont and SACE in April 2015. These new projects are expected to add five million tonne of ammonia and 7.5 million tonne of urea capacity per annum.

“The EPC contract for the Kingisepp ammonia plant continues our successful collaboration with Maire Tecnimont as we aim to develop five new ammonia-urea projects in three countries over the next 10 years. The project will help Eurochem move towards its goal to become a top five global fertilizer producer,” said Dmitry Strezhnev, CEO, Eurochem.

“This contract will further strengthen our fruitful industrial cooperation with Eurochem with a long term spirit; its successful execution will best position Maire Tecnimont Group to collaborate on Eurochem’s future investment road map globally,” said Pierroberto Folgiero, CEO, Maire Tecnimont.

© Worldofchemicals News



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

Goodyear signs rice husk ash silica supply agreement in China

AKRON, US: The Goodyear Tire & Rubber Company has reached a supply agreement with Yihai Food and Oil Industry in China for silica derived from ric ...

Read more
Panasonic Healthcare to acquire Bayer diabetes care biz for €1.02 bn

TOKYO, JAPAN: Panasonic Healthcare Holdings Co Ltd said it has agreed to acquire Bayer AG’s diabetes care business for €1.02 billion ($1.15 ...

Read more
Natura to use Solazyme microalgae oil in multiple skincare products

SAO PAULO, BRAZIL: Cosmetics and personal care products firm Natura Cosmeticos SA and Solazyme Inc said that after successfully completing testing and ...

Read more
Solvay starts two new large-scale alkoxylation plants in Europe and Asia

BRUSSELS, BELGIUM: Solvay SA said it has started production at its two new large-scale and “on-pipe” alkoxylation facilities in Moerdijk, ...

Read more
Solvay, Ineos get EU clearance to form chlorvinyls joint venture

BRUSSELS, BELGIUM: Solvay SA and Ineos Group Ltd said they have received the final European commission approval to form their 50/50 chlorvinyls joint ...

Read more
BASF to sell its global paper hydrous kaolin business to Imerys

LUDWIGSHAFEN, GERMANY/GORDON, US: BASF SE said it will sell its global paper hydrous kaolin (PHK) business to Paris, France-based Imerys, a leader in ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X