Etileno XXI awards Mexican LDPE plant contract to Tecnimont
Maire Tecnimont's subsidiary Tecnimont has received an engineering and procurement contract (EPC) on a lump-sum basis from Etileno XXI to construct a 300ktpa low-density polyethylene (LDPE) unit within the Etileno XXI petrochemical complex in Nanchital, Veracruz, Mexico.
As part of the $91.4m (€147m) contract, Tecnimont will use Lupotech T technology of Lyondellbasell industries to construct the LDPE plant.
The Etileno XXI project, which is under development, is expected to generate more than 8,000 jobs during construction and 3,000 direct and indirect jobs on becoming operational in 2015.
In addition to generating employment, the project will support the Mexican Government's strategy to boost competitiveness of the sector and the industrial and regional development. Engineering and procurement activities shall be completed within fourth quarter of 2014.
According to Maire Tecnimont, the award further strengthens the position of the company in the polyolefins market and extends its collaboration with Braskem Idesa.
The Etileno XXI project is part of petrochemical projects managed by Braskem.
Maire Tecnimont Group is involved in engineering and construction, technology and licensing as well as energy and ventures.
The company has a presence in more than 30 countries, controls more than 50 operating companies and employs nearly 4,700 employees.