Maire Tecnimont awarded approx. €250 MN EPC contract by Covestro for a new aniline plant in Antwerp, Belgium
Milan – Maire Tecnimont S.p.A. announces that its subsidiary Tecnimont S.p.A. has been awarded an Engineering, Procurement and Construction (EPC) contract by Covestro for a new aniline plant in Antwerp, Belgium.
Covestro is one of the world’s leading polymer companies, focusing on the manufacturing of high-tech polymer materials and the development of innovative, sustainable solutions for products used in many areas of daily life.
The project will realize a substantial additional aniline production capacity to the existing Covestro site in Antwerp. The project comprises all the necessary prerequisites to produce the final products, including raw materials, infrastructure, and product logistics.
The contract will be executed on a lump sum basis and has a value of approximately €250 million. The project’s mechanical completion is expected by 2024. The new unit will be based on state-of-the-art technologies aimed at ensuring the highest standards in terms of process safety and energy efficiency.
The Antwerp site is Covestro’s European hub for aniline, and benefits from attractive infrastructure and logistics with direct access to the necessary raw materials. Aniline is an important starting material for numerous chemical products including methylene diphenyl diisocyanate, which is used to produce rigid foam for thermal insulation in buildings and in the refrigeration chain, among other uses.
Pierroberto Folgiero, Maire Tecnimont Group Chief Executive officer, commented: “We are thrilled to welcome the new year with this important award that will start a great relationship with an innovative player such as Covestro, leveraging our technological know-how and commitment to ensure state-of-the-art environment and process safety standards. This award also strengthens our industrial footprint in Europe, and in particular in the Antwerp industrial area, one of Europe’s top strategic high-density processing district where we are already working on several high-end projects to unlock greater value in the transformation of natural resources”.
Maire Tecnimont S.p.A.
Maire Tecnimont S.p.A., a company listed on the Milan Stock Exchange, heads an international industrial group that is a leader in the transformation of natural resources (plant engineering in downstream oil & gas, with technological and execution expertise). Through its subsidiary NextChem, it operates in the field of green chemistry and the technologies to support the energy transition. Maire Tecnimont Group operates in about 45 countries, through approximately 50 operative companies and about 9,100 people.
Categories
Investments
2018-10-01
€ 300 mln at Port Of Antwerp (BE)Countries
Companies
Latest news
Technip Energies awarded two services contracts for first-of-a-kind waste-to-methanol Ecoplanta project in Spain
Chemmed Cluster Tarragona →Technip Energies (PARIS:TE) has been awarded two engineering services contracts by Repsol for the development of the Ecoplanta Molecular Recycling Solutions (Ecoplanta) project, a first-of-a-kind w...
Heidelberg Materials takes Final Investment Decision for CCS project in UK – construction will start this year
The project in North Wales will make Heidelberg Materials’ Padeswood site the company’s second plant to deliver net-zero carbon captured evoZero® cement to customers across Europe
INEOS Styrolution marks milestone with first commercial delivery of recycled styrene monomer from Indaver
Port Of Antwerp →Recycled styrene monomer produced via depolymerisation now delivered at scale. Enables high-quality styrenics, including for food-grade and medical applications. Adds chemically recycled material t...
Borealis’ new compounding line in Belgium offers premium recyclate-based polyolefins
Borealis’ new compounding line in Beringen, Belgium, is now fully operational, providing high-quality, recyclate-containing polyolefin solutions for demanding applications in line with customer req...