Maire Tecnimont S.p.A. has announced that its subsidiary Tecnimont S.p.A., through its affiliate Tecnimont Philippines Inc. has been awarded in JV with JGC Philippines (Tecnimont Philippines 65% – JGC Philippines 35%) an EPC Lump Sum contract. This contract was awarded by JG Summit Petrochemical Corporation (JGSPC), for the implementation of a new High Density Polyethylene unit (HDPE) and the upgrading of an existing Polypropylene unit (PP). The units will be located 120 km south of Manila, in Batangas City, Philippines.
The EPC Lump Sum contract overall value is in the range of USD 180M. The project scope entails Engineering, Procurement and Construction activities up to Ready for Commissioning. Once the project is completed, the new HDPE plant will have a capacity of 250,000 tons per year of HDPE based on Chevron Phillips Chemical’s MarTECH™ technology, while the existing PP plant will expand to 300,000 tons per year of PP based on Grace’s UNIPOL® PP technology.
The project has an overall execution period of 26 months.
