IOCL grants EPCC contract to Tecnimont

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Indian Oil Company (IOCL) has granted an EPCC (Engineering, Procurement, Building and Commissioning) Lump Sum contract to Tecnimont, subsidiary of Maire Tecnimont for implementation of latest acrylic acid and butyl acrylate items. The items, to be arrange in Dumad, close to Vadodara, in Gujarat will produce excessive added worth merchandise for the chemical market.

The general worth of the contract is about $255 million. The mission scope entails engineering, procurement, development and commissioning actions as much as the Efficiency Ensures Take a look at Run. As soon as accomplished, the brand new acrylic acid unit may have a capability of 90,000 tons per 12 months, whereas the brand new butyl acrylate unit may have a capability of 150,000 tons per 12 months. The time schedule is 26 months for mechanical completion.

Pierroberto Folgiero, Maire Tecnimont group chief government officer, commented: “After the latest announcement of the MoU with IOCL to help the industrialisation of inexperienced chemistry and round economic system in India, we consolidate a strategic relationship with such a distinguished shopper additionally within the petrochemical enterprise. Our technology-driven technique enabled us as soon as once more to grab alternatives in a market with a really promising downstream funding cycle, due to the rising demand for petrochemical merchandise. Lastly, in sync with the strategic imaginative and prescient of the federal government of India geared toward maximising the `In Nation Worth’, our Indian entity will execute the job as a single level of duty, confirming its robust capabilities in managing huge complicated initiatives.”

Maire Tecnimont heads an industrial group which leads the worldwide pure useful resource processing business (downstream oil and fuel plant engineering, with technological and government experience). Its subsidiary NextChem operates within the subject of inexperienced chemical substances and applied sciences in help of the power transition. The Maire Tecnimont Group operates in 45 nations, by means of 50 corporations and about 9,100 folks.

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Indian Oil Company (IOCL) has granted an EPCC (Engineering, Procurement, Building and Commissioning) Lump Sum contract to Tecnimont, subsidiary of Maire Tecnimont for implementation of latest acrylic acid and butyl acrylate items. The items, to be arrange in Dumad, close to Vadodara, in Gujarat will produce excessive added worth merchandise for the chemical market.





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