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September 27, 2012

Maire Tecnimont lands contract for Egyptian refinery

Gerald Ondrey

Maire Tecnimont S.p.A. (Milan, Italy; says that several contracts have been awarded to some of its subsidiaries for a total amount of approximately €135 million for engineering, procurement and technology services.

In Egypt, the Group has been awarded — through its subsidiary Tecnimont KT S.p.A. (TKT) — an engineering and procurement contract for the realization of some processing units in the new petroleum refinery of Egyptian Refinery Co. (ERC) in Mostorod, Cairo (Egypt). The clients are a consortium between GS E&C, one of the world’s top EPC leaders, and Mitsui & Co. (Mitsui), one of the most diversified and comprehensive trading, investment and service enterprises, and Mitsui and Co. Plant Systems Ltd., subsidiary of Mitsui; GS E&C and Mitsui are respectively South Korean and Japanese main contractors. The overall project amount is approximately €97 million. Completion is expected by the end of 2014.

The units to be built are:

• One hydrogen production unit of 100,000 Nm3/h capacity

• Three sulphur recovery units  of 162.5 ton/d capacity each

• One tail-gas treatment unit of 325 ton/d capacity

• One amine processing unit of 90 m3/h capacity

The new units are part of the project developed by the Egyptian Refinery Co., which involves the construction of a refinery for the production of fuels and other petroleum products, in line with the latest international environmental standards.

Moreover, the Group has received, through its subsidiaries Tecnimont, Stamicarbon and TKT, a series of awards, located in Bangladesh, Russia, China and other countries, for Licensing and Engineering Services, for a total amount of approximately €38 million.





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