Tecnimont
Italy’s Tecnimont made its mark in the regional oil and gas industry when it won a $2.25bn engineering, procurement and construction (EPC) contract from the Abu Dhabi Company for Onshore Oil Operations (ADCO) in 2014. The deal saw Tecnimont implement process and associated units for the Al Dabbiya Surface Facilities Phase III project in Abu Dhabi. Pierroberto Folgiero, chief executive, said at the time that the project confirmed the company’s strategy of pursuing opportunities in “selective, well-known geographies”.
On the downstream side, Tecnimont was awarded almost $900mn to build polyethylene and polypropylene plants at Orpic’s $3.6bn Liwa Plastic Industries Complex, marking the company’s first contract win in Oman.
Together with Samsung, the Italian contractor worked on the expansion of Borouge’s industrial complex in Ruwais, raising the company’s total processing capacity to 4.5mn tonnes and that of parent firm Borealis to 3.4mn.
Tecnimont was also selected by the Abu Dhabi government to build Borouge 1 and 2. With a total value of $1.8mn, Borouge 2 is the largest polyolefin project Tecnimont has built to date.
