Italian energy firm wins $65 mln EPC contract in Yanbu Industrial City

Italy-based energy solutions provider, Maire Tecnimont S.p.A. announced that its subsidiary Tecnimont S.p.A. has been awarded a reimbursable engineering, procurement and construction (EPC) contract by National Petrochemical Industrial Company (NATPET).

Under the contract through its affiliate Tecnimont Arabia Company Limited, the company will work for the reinstatement of the existing polypropylene plant located in Yanbu Industrial City in Saudi Arabia.

Worth $65 million on a reimbursable basis, the project scope of work entails engineering and procurement services, material supply, construction supervision services and construction works.

The project has an estimated execution schedule of about seven months, up to Ready for Start Up, the company said in a statement.

“With this award, we further consolidate our industrial footprint in Saudi Arabia leveraging our strong capabilities in carrying out revamping projects, as part of our business strategy,” Pierroberto Folgiero, Maire Tecnimont CEO, said.