New Contracts Awarded to Maire Tecnimont Amounting to Approximately $96M

Source: www.gulfoilandgas.com 6/28/2022, Location: Africa

It has been announced by Maire Tecnimont S.p.A. that its subsidiaries Tecnimont and Stamicarbon have received a number of new contracts and order variations for licencing, engineering services, and EPC operations with a total estimated value of about USD 96 million. International clients in Nigeria as well as those in Europe, the Middle East, and the Far East have approved these contracts.

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”.


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