Maire Tecnimont S.p.A. (Milan, Italy; www.mairetecnimont.com) announced that its subsidiary Tecnimont S.p.A., in joint venture with China HuanQiu Contracting & Engineering Corporation Ltd. (HQC) – 65% Tecnimont / 35% HQC – has been awarded by PRPC Polymers Sdn Bhd (PRPC Polymers), a wholly owned subsidiary of Petronas Chemicals Group Berhad (PCG; www.petronaschemicals.com.my), relating to the realization of a high-density polyethylene (HDPE) unit on an EPCC (engineering, procurement, construction and commissioning) lump-sum turnkey basis, for an amount of approximately $328 million.
This award follows up the $482 million contract granted to the same joint venture by Petronas in November 2015. The unit will be located inside the PIC, in Pengerang, in the southeastern region of Johor, Malaysia, where the joint venture is currently carrying out the activities related to the first project.
The project’s scope of work involves the provision of complete engineering services, equipment and material supply, erection and construction activities up to start up and guarantee test run. Completion is expected in early of third quarter 2019.
The HDPE unit will be based on LyondelBasell’s Hostalen Advance Cascade Process (HACP) technology and will have a capacity of 400,000 metric tons per year (m.t./yr)
Pierroberto Folgiero, Maire Tecnimont Chief Executive Officer, commented: “After last year’s polypropylene units project award, we are proud to continue the fruitful relationship with a prestigious client such as PETRONAS. With this project we strengthen our presence in Malaysia, leveraging on our competence-driven approach and our distinctive track record in polyolefins”.