Maire Tecnimont bags EPC contract from Indian Oil for propylene plant
OIL & GAS

Maire Tecnimont bags EPC contract from Indian Oil for propylene plant

Maire Tecnimont's consortium of subsidiaries—Tecnimont S.p.A. and Tecnimont Private Limited, based in Mumbai, have received an Engineering, Procurement, Construction and Commissioning (EPCC) contract from Indian Oil Corporation Limited (Ltd) for developing a new polypropylene plant and related product logistics facilities.

The plant will be set up in Barauni, Bihar, in North-Eastern India. The total worth of the contract is nearly $170 million. The field of work includes Construction, Engineering, Procurement, and Commissioning activities up to the Performance Guarantees Test Run.

The new plant's capacity would be 200,000 tons annually, and the schedule of the plant is 30 months from the award date till the Mechanical Completion.

The plant will be part of IOCL’s Barauni Refinery capacity expansion project, which involves the installation of large grassroots units as well as revamps and updates to expand the capacity of the current units.

IOCL made the Barauni Refinery Expansion project a part of its plan to reach the increasing domestic demand for added-value products required to boost the manufacturing industry of the country.

Pierroberto Folgiero, Group Chief Executive Officer, Maire Tecnimont, told the media that it is their sixth strategic EPC contract with IOCL.

Folgiero said that they firmly commit to ensuring environmentally sound performing products and materials and processes.

Image Source


Also read: BPCL halts Kochi polyol plant ops

Also read: GAIL to expand into petrochemicals, specialty chemicals, renewables

Maire Tecnimont's consortium of subsidiaries—Tecnimont S.p.A. and Tecnimont Private Limited, based in Mumbai, have received an Engineering, Procurement, Construction and Commissioning (EPCC) contract from Indian Oil Corporation Limited (Ltd) for developing a new polypropylene plant and related product logistics facilities. The plant will be set up in Barauni, Bihar, in North-Eastern India. The total worth of the contract is nearly $170 million. The field of work includes Construction, Engineering, Procurement, and Commissioning activities up to the Performance Guarantees Test Run. The new plant's capacity would be 200,000 tons annually, and the schedule of the plant is 30 months from the award date till the Mechanical Completion. The plant will be part of IOCL’s Barauni Refinery capacity expansion project, which involves the installation of large grassroots units as well as revamps and updates to expand the capacity of the current units. IOCL made the Barauni Refinery Expansion project a part of its plan to reach the increasing domestic demand for added-value products required to boost the manufacturing industry of the country. Pierroberto Folgiero, Group Chief Executive Officer, Maire Tecnimont, told the media that it is their sixth strategic EPC contract with IOCL. Folgiero said that they firmly commit to ensuring environmentally sound performing products and materials and processes. Image Source Also read: BPCL halts Kochi polyol plant ops Also read: GAIL to expand into petrochemicals, specialty chemicals, renewables

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?