Germany based Tecnimont Planung & Industrieanlangenbau and MT Russia will provide engineering and procurement services under a lumpsum contract. The plant will have a capacity of 100,000 t/y and is scheduled to be completed within 40 months of the date of signing the contract.

The award follows a contract won last month from Spanish energy and petrochemicals group Repsol for PP and linear PE plants in Sines, Portugal.

The lumpsum turnkey contract, worth about €430 million, is for the supply of engineering services, equipment and materials, as well as installation, construction, commissioning and start-up activities. The plants, with capacities of 300,000 t/y each, are expected to be completed by 2025.

Tecnimont said the plants will be the first of their kind to be installed on the Iberian Peninsula. “We are honored to play a strategic role in the largest investment in Portugal in the last decade, contributing with our technological knowhow and distinctive competences in managing innovative projects to implement these next generation units, which will produce high quality plastic materials for highly specialized applications,” said Tecnimont CEO Pierroberto Folgiero.

Author: Elaine Burridge, Freelance Journalist