MAIRE (MAIRE.MI) has announced that its subsidiary Tecnimont S.p.A. has secured a major Engineering, Procurement and Construction (EPC) contract for a large-scale petrochemical project.
Contract Scope and Value
The contract is valued at approximately USD 1.3 billion. Under the agreement, Tecnimont will execute the engineering, procurement, and construction activities for a hydrocarbon plant. In addition, the company will develop the associated utilities and offsite facilities required to support the plant’s operations.
Project Timeline and Strategic Significance
The project is scheduled for completion by 2031. As per the press release, this award further strengthens MAIRE’s position in the global petrochemical sector and reinforces Tecnimont’s expertise in delivering complex, large-scale industrial projects.
Overall, this contract represents a significant milestone for the group and highlights its continued growth in the energy and petrochemical markets.
