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KT - Kinetics Technology S.p.A. has been awarded an EP contract in Mexico

November 27/2020

MOSCOW (MRC) -- KT - Kinetics Technology, a subsidiary of Maire Tecnimont S.p.A., has been awarded an EP contract by a global engineering and construction company, consisting in the detailed engineering, procurement and delivery of three, large-scale Delayed Coker Furnaces, to be installed in a new oil refinery in Mexico, said Hydrocarbonprocessing.

The three massive coking furnaces will be delivered fully modularized and ready for site installation, and once completed, will represent one of the worlds largest delayed coking units.

With this new achievement, KT strengthens its track record in refining and confirms its capabilities in supplying highly complex equipment, through the implementation of state-of-the-art technologies and modularization methodologies.

Pierroberto Folgiero, Maire Tecnimont Group CEO, commented: "These awards further consolidate Maire Tecnimonts positioning in its core business and provide sound evidence of the resilience of our technology-driven development strategy, despite Covid-19 times".

As MRC informed earlier, Maire Tecnimont S.P.A. and Hera Group signed of a strategic agreement between Aliplast, Hera Groups subsidiary, for the collection, recycling and conversion of plastics, and NextChem, Maire Tecnimont Groups company, for the development of projects and technologies for the energy transition.

As MRC informed earlier, Maire Tecnimont S.p.A. signed a EUR1.2 billion contract for engineering, procurement and on-site services (EPSS) for the planned Amur Gas Chemical Complex (Amur Gas Chemical Complex) of SIBUR, the largest petrochemical holding in Russia and Eastern Europe. The agreement was signed with the Amurskiy GCC, a subsidiary of SIBUR.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,594,510 tonnes in the first nine months of 2020, up by 1% year on year. Only high denstiy polyethylene (HDPE) shipments increased. At the same time, PP shipments to the Russian market reached 880,130 tonnes in the nine months of 2020 (calculated using the formula: production minus exports plus imports, exluding producers' inventories as of 1 January, 2020). Supply increased exclusively of PP random copolymer.

Maire Tecnimont S.p.A., a company listed on the Milan Stock Exchange, leading an international industrial group which is a leader in the transformation of natural resources (plant engineering in downstream oil & gas, with technological and execution competences). Through its subsidiary NextChem it operates in the field of green chemistry and the technologies to support the energy transition. Maire Tecnimont Group operates in about 45 countries, through 50 operative companies and a workforce of approximately 6,300 employees, along with approximately 3,000 professionals in the electro-instrumental division.
Author:Anna Larionova
Tags:petroleum products, crude oil, PP, PE, neftegaz, petrochemistry.
Category:General News
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