Maire Tecnimont awarded €80 Million EPCM refining contract at the Corinth Refinery, Greece
Milan – Maire Tecnimont S.p.A. announces that its subsidiary KT – Kinetics Technology S.p.A. has been awarded an EPCm (Engineering, Procurement & Construction Management) contract by Motor Oil Hellas (MOH) for a new C3 splitter unit to be implemented inside the Corinth Refinery, in Greece. MOH is a leading oil refining company in Greece and a key market player in Southern Europe and the Mediterranean region.
The contract value is equal to €80 million and relates to the execution of a new C3 splitter unit aimed at separating the mixture of propane and propylene coming from the existing fluid catalytic cracking unit in order to produce polymer grade propylene, one of the most important building blocks for the entire chemical industry.
The contract's scope of work includes full engineering activities and supply of all materials and equipment as well as construction supervision services, while construction activities will be carried out by subcontractors directly selected by the client, under KT-Kinetics Technology’s responsibility and management. The Corinth Refinery is among the most complex refineries of its kind in Europe and processes crude oil of various characteristics to produce a full range of high-end products.
Alessandro Bernini, Maire Tecnimont Group Chief Executive Officer, commented: “This important award represents a new significant step to strengthen the business relationship with a leading player such as MOH, thanks to our technological know-how and process expertise, which will ensure the best environmentally performing standards. We are glad to support the industrial development plans envisaged by MOH, as it is set to play an increasingly strategic role in the energy transition in the Mediterranean region”.
Latest news
PureCycle’s First Plastic Recycling Plant in Europe located in Antwerp-Brugges NextGen District, Belgium
The new plant is expected to have an annual capacity of 59,000 metric tons, with opportunities to expand operations with an anticipated total capacity of approximately 240,000 metric tons per year.
CABB site in Kokkola, Finland: vital growth with a focus on sustainability
CABB Group will invest more than EUR 50 million by 2025 in expanding its facilities at its site in Kokkola, Finland. A new office building is also being constructed. Special attention is being pai...
TotalEnergies commissions BioBéarn, the country’s largest anaerobic digestion unit in Mourenx, France
The project will convert 220,000 metric tons of organic waste into 200,000 metric tons per year of digestate, a natural fertilizer, and 160 GWh of biomethane. This new unit allowing to avoid the em...
Borealis, committed to lead the transformation to a circular economy, acquires a majority stake in Renasci’s Ostend facility, Belgium
Borealis increases its financial investment in Renasci to acquire a majority shareholding position of 50.01%. Investment will provide Borealis increasing access to chemically recycled feedstock, st...