Maire Tecnimont awarded $255M EPCC contract by IOCL for acrylic acid units in India

Maire Tecnimont's subsidiary Tecnimont has been awarded a $255 million EPCC lump sum contract by Indian Oil Corporation Limited to build new Acrylic Acid and Butyl Acrylate units in Dumad, Gujarat, India. The units will have capacities of 90,000 and 150,000 tons per year respectively, with mechanical completion in 26 months.

“Our technology-driven strategy enabled us once again to seize opportunities in a market with a very promising downstream investment cycle.”prnewswire.com

• 1 source
• prnewswire.comMaire Tecnimont Strengthens Its Petrochemical Business In India With An EPCC Contract Of About USD 255 MnMaire Tecnimont S.p.A.Dec 23, 2020

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