Tecnimont Arabia

MAIRE's subsidiaries Tecnimont and Tecnimont Arabia Limited were awarded two lump-sum turn-key EPC contracts worth approximately $2 billion for a petrochemical expansion at the SATORP refinery in Jubail, Saudi Arabia. The contracts cover the Derivatives Units and HDPE & Logistic Area packages.

Advanced Global Investment Company (AGIC), a subsidiary of Advanced Petrochemical Company, signed engineering, procurement and construction contracts with Tecnimont S.p.A and Tecnimont Arabia Ltd. for the construction of two polypropylene plants in Jubail II, Saudi Arabia. The contracts are valued at $485 million.

Tecnimont S.p.A., through its affiliate Tecnimont Arabia, was awarded a $65 million reimbursable EPC contract by National Petrochemical Industrial Company (NATPET) to reinstate an existing polypropylene plant in Yanbu Industrial City, Saudi Arabia.