Kazanorgsintez PJSC and Maire Tecnimont have signed a suit of contracts for the construction of a new LDPE/EVA plant in Milan. The project, valued at EUR 130 million, will be completed within 40 months. Maire Tecnimont's subsidiaries will be responsible for the construction, and the technology for the project was developed by Sumitomo Chemical. This collaboration follows a previous agreement between the two companies for the development of a biodegradable polymers facility. Maire Tecnimont is a global leader in natural resources processing, with operations in 45 countries.
Suit of contracts was signed in Milan in attendance of General Director of Kazanorgsintez PJSC Farid Minigulov and CEO of Maire Tecnimont Pierroberto Folgiero. Main contract was concluded based on EP (Engineering & Procurement) terms and open-book concept.
The project provides for the construction of new LDPE\EVA plant with annual capacity of 100,000 tons. Total estimated value of the EP contract amounts to EUR 130 million. Approximate project deadline is 40 months after signing the contract.
Works will be performed by subsidiaries of Maire Tecnimont S.p.A.: Tecnimont Planung & Industrieanlagenbau GmbH (Germany) and OOO MT Russiya, the company’s Moscow operating center.
New LDPE/EVA project is based on technology developed by the Japanese Sumitomo Chemical. License agreement was signed earlier, in February 2021.
Construction of LDPE/EVA facilities is not the first cooperation experience between Kazanorgsintez PJSC and Maire Tecnimont S.p.A. In April 2021, the companies signed MOU on codevelopment of new biodegradable polymers facility in the Republic of Tatarstan.
Maire Tecnimont S.p.A. is listed on the Milan Stock Exchange and leads an industrial group dominating in the global market of natural resources processing (oil and gas plants design and ownership of technologies, experience and expertise). Maire Tecnimont Group is represented by approximately 9,000 people in about 45 countries via nearly 50 operating companies.