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.

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