◂ Announcements

Apr 13, 2021CONTRACTJubail, Saudi Arabia

Maire Tecnimont wins $500 million EPC contract for polypropylene units in Saudi Arabia

Maire Tecnimont won a $500 million engineering, procurement and construction lump sum turnkey contract from Advanced Global Investment Company (AGIC) to set up two polypropylene units in Jubail, Saudi Arabia, each with 400,000 tonnes per year capacity. Completion expected by Q2 2024.

Value

$500.0M

Status

Announced

Capacity

800,000 tonnes per year (two units of 400,000 tpy each)

Productspolypropylene

CompaniesMaire Tecnimont Samsung Engineering customer Yokogawa supplier Maire Tecnimont customer Advanced Petrochemical customer Advanced Global Investment Company customer AGIC partner

Sectors#Specialty Chemicals #Plastics and Polymers

“Maire Tecnimont has won a $500 million engineering, procurement and construction lump sum turnkey contract related to the set up of two polypropylene units in Saudi Arabia.”reuters.com

2 sources
reuters.comMaire Tecnimont wins $500 million order in Saudi Arabia, shares riseApr 13, 2021
meed.comMEED | Yokogawa to win Saudi petrochemical project ordersYasir IqbalApr 15, 2021

Summarized from public sources; check the original articles before acting on it.

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