Maire Tecnimont signs several agreements, strengthens market in Russia

Maire Tecnimont signs several agreements, strengthens market in Russia

5:39 AM, 21st June 2016
Maire Tecnimont signs several agreements, strengthens market in Russia

SAINT PETERSBURG, RUSSIA: Maire Tecnimont SpA has signed several agreements with different companies, strengthening its presence in Russia. The agreements were signed at the presence of government officials of the countries namely the Italian Prime Minister Matteo Renzi and the President of the Russian Federation Vladimir Putin.

Tecnimont signed a collaboration agreement with its client Eurochem and the Russian construction company Velesstroy. Such agreement confirms the intention to cooperate in relation to the construction phase of the ammonia project, which Tecnimont is currently implementing in Kingisepp (Leningrad region) as the EPC contractor. The construction subcontracts have an overall value of approx $ 228 million. Velesstroy is among the leaders in the oil & gas construction sector in Russia, and is currently employing more than 17,000 professionals.

Moreover, Tecnimont signed a memorandum of understanding (MoU) as EPC contractor with the Russian-based Azot, one of the largest chemical companies in Russia, in partnership with the construction company Codest, part of the De Eccher Group, for the development of the Kemerovo Fertilizer Complex. The project consists of a world scale complex including an ammonia plant with a capacity of 2,000 metric tonnes per annum (MTPD), a nitric acid plant (1,200 MTPD), a porous ammonium nitrate plant (1,000 MTPD) and an ammonium nitrate solution plant (1250 MTPD). The project will be implemented in Kemerovo, South Western Siberia.

Furthermore, SOCAR, Cdp Group (the Italian National Promotional Institution) through its subsidiary SACE, Italian Export credit Agency, EXIAR, Russian Agency for Export Credit, and GAZPROMBANK Group, jointly announced the signing of a  MoU to finance the large scale gas monetization GPC Project. Maire Tecnimont acted as a promoter of the initiative and will be best positioned for the project’s engineering, procurement and construction (EPC) phase. Such project encompasses the realization of a gas processing plant with a capacity of approximately 10 BCM (billion cubic metres) of natural gas per annum, a polyethylene plant with a capacity of approximately 570,000 tonnes per annum, a propylene unit with a capacity of approximately 120,000 tonnes per annum and related infrastructure. The GPC project will be located in Garadagh near Baku, Azerbaijan.

“Our history in Russia dates back to the 1930s, boasting more than 80 petrochemicals, oil & gas, and fertilizers plants completed in the area, so it feels like home to us. These agreements will strengthen our industrial relationship with major chemicals companies in the world,” said Pierroberto Folgiero, CEO of Maire Tecnimont.

© Worldofchemicals News


Read the latest news from Maire Tecnimont:

Maire Tecnimont, Siluria to jointly develop natural gas technologies

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