Marie Technimont
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Big in Borouge
The Italian conglomerate added three major projects to its portfolio in 2010. In July it won a contract from the state-backed Kuwait National Petroleum Company for the construction of a LSTK Acid-Gas Removal Plant for an undisclosed amount.
Tecnimont also won two lump-sum turnkey contracts, the first as a $1.65 billion joint venture with Austrian firm Borealis for the construction of the Borouge polyolefin plant for ADNOC, the second being a $400 million construction of a gas refinery at Mina Al-Ahmadi, slated to process up to 230 million cubic feet of gas per day.
Marie Technimont continued to construct three polyolefins units under its $1.855 billion Borouge 2 expansion contract.
