Maire Tecnimont secures HPCL-Mittal petchem project; deal valued at US$225 mn

Italian engineering company Maire Tecnimont’s subsidiary Tecnimont, in consortium with its Indian affiliate Tecnimont Private Limited, has been awarded two EPCC (Engineering, Procurement, Construction and Commissioning) contracts by HPCL-Mittal Energy Limited (HMEL), for the implementation of new HDPE and PP units. Once completed, the new HDPE unit will have a capacity of 450,000 tonnes/year, while the new PP unit will have a capacity of 500,000 tonnes/year. The time schedule is 25 months for mechanical completion.

The units will be located adjacent to Guru Gobind Singh Refinery at Bathinda, Punjab, in northern India.

HMEL is a joint venture formed by Mittal Energy Investments Singapore and Hindustan Petroleum Corporation.

The overall value of the EPC Lump Sum contracts is in the range of US$225 million. The projects’ scope entails Engineering, Procurement, Construction and Commissioning activities up to the performance guarantees test run of the monomer purification sections and the polymerisation areas.

Pierroberto Folgiero, Maire Tecnimont CEO, commented: “With this important step in India supporting very prestigious clients such as HPCL-Mittal Energy Limited, we confirm our global leadership in polyolefins and consolidate our technology-driven footprint in Asia, a market with a very promising downstream investment cycle thanks to the availability of natural resources and the growing demand for petrochemical products.”

(PRA)

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