Maire Tecnimont Group awarded new contracts for approximately USD 96 million

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Maire Tecnimont S.p.A. announces that its subsidiaries Tecnimont and Stamicarbon have been awarded several new contracts and order variations for licensing, engineer-ing services and EPC activities for an overall value of approximately USD 96 million. These contracts have been granted by interna-tional clients in Nigeria, as well in Europe, the Middle East and the Far East. 

In particular, Tecnimont has been granted a FEED contract by African Refineries Port Harcourt Limited for a 100,000 barrels per day refining plant, which is due to be operational in 2025. It will be built inside the existing Port Harcourt Refinery complex, where Tecnimont is already executing an EPC contract related to its Re-habilitation works. 

The contract also includes a feasibility study for an independent section of the plant for the production of Sustainable Aviation Fuel (“SAF”, also known as Biojet), which will be based on NextChem’s portfolio of green initiatives, using biowaste as feedstock. 

Alessandro Bernini, Chief Executive Officer of Maire Tecnimont Group and NextChem, commented: “We are really honored to support Nigeria both in unlocking greater value by processing its natural resources and in developing circular economy for the first time ever in the Country, as BioJet is one of the most effective solutions to reduce the carbon footprint of the global aviation industry. Moreover, these new contracts confirm the strong geographical diversification of our backlog and the reliability of our technology-driven value proposition”.  

Source: Maire Tecnimont

Maire Tecnimont awarded €1.1 billion EPC contract by Rosneft for the VGO Hydrocracking Complex at the Ryazan Refinery (Russian Federation)

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Maire Tecnimont S.p.A. announces that its subsidiaries Tecnimont S.p.A and MT Russia LLC have signed an EPC contract with Rosneft for the implementation of the VGO Hydrocracking Complex at the Ryazan Refining Company’s (RORC) production site, 200 km South-East of Moscow. This contract follows the agreement signed by Maire Tecnimont and Rosneft and announced on 28th October 2021. 

The overall contract value is approximately €1.1 billion (Russian VAT excluded). The project is subject to financial closing as well as to the fulfilment of certain conditions, typical for this kind of transactions. Project total duration, expected to be typical for this kind of initiatives, will be defined and disclosed once such financial closing and the fulfilment of certain conditions are met. 

VGO stands for Vacuum Gas Oil, which is produced by vacuum distillation unit in a refinery plant. Rosneft’s subsidiary RORC is one of the largest Russian refineries by volume of refining and production output. 

The project’s scope of work entails a full range of works related to the design, supply of equipment and materials, construction, start-up and commissioning, and project finance services. Once completed, the VGO Hydrocracking Complex will have a capacity of 40,000 barrels per day serving the need of the local market according to the higher standard Class 5 regulation. The project will benefit from highly efficient technology and equipment with an automated control system to reduce the carbon footprint of the plant. 

A significant portion of the scope of work will be performed by MT Russia in its Moscow engineering centre, where Maire Tecnimont Group employs about 200 specialists currently involved in several ongoing Russian projects. Thanks to its well-established reputation as a provider of added value services to the Russian market, MT Russia represents therefore a strategic asset within the Group. 

Pierroberto Folgiero, Maire Tecnimont Group Chief Executive Officer, commented: “We are excited to start this strategic relationship with a leading player such as Rosneft, supporting its vision for the development of the Region’s value chain through technological downstream initiatives. We will put our best-in-class engineering and technological expertise and our capability in managing complexity to ensure the maximum energy efficiency and best environmentally performing standards. As part of our business DNA, our entrepreneurial and proactive approach has enabled us to further consolidate our very strong track record in the Russian Federation”.  

Source: Maire Tecnimont

Nextchem (Maire Tecnimont Group) awarded engineering works by ENI for a carbon capture plant in Italy

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Maire Tecnimont S.p.A. announced that its subsidiary NextChem has been awarded by ENI the engineering works for a carbon capture plant at the natural gas plant of Casalborsetti, in the province of Ravenna. The project could extend into a full EPC (Engineering Procurement and Construction) should certain conditions take place. The plant would be able to separate the CO2 from emissions from the natural gas plant’s turbo compressor, purifying and compressing them, thus allowing the capture of about 25,000 tons per year of carbon dioxide which would otherwise be released into the atmosphere.

The technology used for the capture of CO2 in emissions gasses operates at high efficiency and low power consumption even at low concentrations. It has already been widely used to capture emissions of hard-to-abate industrial sectors worldwide.  
NextChem has developed a range of solutions that recycle CO2 to produce new chemicals, in view of an increasingly circular economy based on industrial symbiosis.  

Pierroberto Folgiero, CEO of Maire Tecnimont and NextChem commented: “The capture of CO2, its value enhancement, and its reuse are a fundamental component in reducing greenhouse gas emissions, towards the achievement of climate goals aimed at containing global warming. In order to achieve climate neutrality by 2050, the contribution of technologies for the capture, valorization and sequestration of CO2 will be crucial. We are strongly committed to this technological segment of the energy transition, and this project demonstrates that we are on the right track as we move towards achieving our goals in our Green Energy business. We are proud to have been chosen for this project, which represents a milestone at international level that will enhance the Italian industrial supply chain”.

Source: Maire Tecnimont

McDermott Wins Fourth Contract in India This Year

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McDermott has won its fourth contract in India in 2021—­a key award from Chennai Petroleum Corporation Limited—for project management consultancy (PMC) and engineering, procurement and construction management (EPCM) consultancy services for Package 2 of Cauvery Basin Refinery Project in Nagapattinam, Tamil Nadu, India.

“This award demonstrates our strategic commitment to support India’s domestic energy goals and to broaden our portfolio with PMC services,” said Samik Mukherjee, McDermott’s Executive Vice President and Chief Operating Officer. “Our experienced workforce in Gurgaon and Chennai will apply their deep knowledge in downstream refining technology and in local project execution to work as a strategic partner, supporting the expansion of India’s refining capacity.”

The new refinery complex will produce fuels to Bharat Stage (BS-VI) emissions standards, a higher standard of fuel that reduces carbon emissions, while continuing to cater to the growing fuel demands of the southern region of India. At nine million metric tons per annum, the refinery will also provide an impetus for further economic development of the region.

“We welcome the opportunity to work with Chennai Petroleum Corporation Limited to demonstrate our local capability in engineering and project management consultancy services,” said Mahesh Swaminathan, Senior Vice President, Asia Pacific. “Our global PMC expertise can only serve to strengthen India’s domestic energy markets.”

The scope will be executed from McDermott’s office in Gurgaon. Work is scheduled to begin in third quarter, 2021.

Source: McDermott

McDermott’s CB&I Storage Solutions Wins Second EPC Contract for Philippines LNG Import and Regasification Terminal

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McDermott International, Ltd has announced that its CB&I Storage Solutions business has been awarded a contract by Atlantic Gulf and Pacific Company of Manila, Inc. (AG&P) for the engineering, procurement and construction (EPC) of a second liquefied natural gas (LNG) storage tank and double-wall LNG bullet for AG&P’s Philippines LNG import and regasification terminal called Philippines LNG (PLNG) in Batangas Bay, Philippines.

“It has been a privilege to work in close coordination with CB&I Storage Solutions on the unique design of the first full containment steel LNG tank,” said Roeland Uytdewilligen, Project Director of AG&P. “They continue to be our preferred partner for the development of the second LNG storage tank for our PLNG facility, the first LNG import and regasification terminal in the Philippines.”

CB&I Storage Solutions was awarded the first LNG storage tank by AG&P earlier this year. The additional scope includes a 1,200 cubic-meter shop-fabricated double wall LNG bullet and a second 60,000 cubic-meter full containment steel LNG tank along with geotechnical investigation, soil improvement, foundation and topside platform structure, pre-commissioning, purging and commissioning activities.

“We value the confidence that AG&P has in our organization to award us this additional scope of work,” said Cesar Canals, Senior Vice President of CB&I Storage Solutions. “Our fabrication facility in Thailand specializes in the production of prefabricated storage solutions and will build the LNG bullet for delivery to Batangas. We believe there’s no better team in the world with the experience, expertise and local resources to execute this high-profile project.” 

Mechanical completion is slated for the first quarter of 2022 for the LNG bullet and second quarter of 2024 for the second tank with purging and commissioning activities to follow.

Source: McDermott International

McDermott Awarded Additional EPCC Project for Barauni Refinery Expansion

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McDermott International, Ltd announced a contract award for the engineering, procurement, construction and commissioning of a new naptha hydrotreating unit and a new isomerization unit with associated facilities for the Barauni Refinery Expansion Project in Bihar, India, for Indian Oil Corporation Limited.

“We welcome the opportunity to work on the expansion of the Barauni Refinery,” said Mahesh Swaminathan, Senior Vice President, Asia Pacific. “Evolving the configuration will maximize output, ensure compliance with stringent emissions and quality standards and help meet the increasing energy requirements of India’s domestic market.”

The units treat heavy naptha streams by removing sulphur, nitrogen and metal compounds to produce Bharat Stage-6 compliant gasoline. Bharat Stage-6 compliance produces a cleaner fuel to meet high emissions standards.

“This is our second award for the Barauni Refinery Expansion Project, which will bring great synergies for the scopes throughout project execution,” said Neeraj Agrawal, McDermott’s Country Manager, India. “McDermott supports the Make in India initiative with our local engineering and project execution capability and we look forward to applying this expertise to these projects.”

The project will be executed from McDermott’s Gurgaon office in India with support from teams in Perth, Australia, and Brno, Czech Republic. The scope includes project management, residual process design, detailed engineering, procurement, fabrication, inspection, transportation, installation, construction and all processes through to mechanical completion and commissioning. The work will commence in the third quarter of 2021.

Source: McDermott International

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Worley awarded EPCM contract for brownfield development at Newcrest’s Lihir

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Newcrest, a leading gold mining company, has awarded a contract to support Lihir; one of the world’s largest gold projects located on a geothermally active (but extinct) volcanic crater.

The contract is to deliver engineering, procurement and construction management services to Newcrest’s Lihir gold mine, located 700 kilometers north-east of Port Moresby, Papua New Guinea.  

Formalizing an alliance which commenced in April 2017, our involvement covers multiple brownfield projects including support to the mine site, process plant and associated infrastructure.

Our team will continue to be located on site and in our Brisbane, Australia office. 

“We are delighted to continue our relationship with Newcrest, working together to safely deliver a portfolio of projects to budget and schedule,” commented Gillian Cagney, Regional Managing Director, Australia & New Zealand.

“Creating further economic value and expanding opportunities for PNG nationals will remain a focus for both companies. More than 20 percent of our Lihir team are nationals which contribute to Newcrest’s already impressive in-country employment. 

“Our community improvement programs have included the distribution of personal solar lights to children living in isolated villages, reforming a local beach with recycled mine-site tires and water sanitation for seaside communities.

“Worley has a strong history working with Newcrest, having delivered projects in Australia, PNG, and Indonesia.”

Source: Worley

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L&T Technology Services Wins Multi-Million-Dollar Project in Europe

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L&T Technology Services on Monday said it has bagged multi-million-dollar engineering, procurement and construction management project in Europe.

“L&T Technology Services Ltd (LTTS) won a multi-million dollar project from one of the world’s top plastics, chemicals and refining manufacturers, to deliver the entire spectrum of engineering, procurement and construction management (EPCM) services for the expansion of an existing site in Europe,” the company said in a filing to BSE.

The expansion project will be implemented at the customer’s brownfield plant in Germany for over 30 months.

As the strategic engineering partner, LTTS will execute the entire project through an EPCM model, from procurement and supply chain management support to safety aspects and efficient design.

“LTTS has already carried out successful brownfield projects in the USA and we are privileged to extend our engagement with an important customer to the European markets,” Amit Chadha, President, Sales and Business Development and board member at L&T Technology Services said.

The shares of L&T Technology Services were trading at Rs 1,474.60 a piece on BSE in morning trade.

Source: https://www.larsentoubro.com/