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December 4, 2012
Tecnimont lands LDPE contract in Mexico
Maire Tecnimont S.p.A. (Milan, Italy; www.mairetecnimont.com) says that its main subsidiary Tecnimont S.p.A. (Rome, Italy) has been awarded by Etileno XXI Services B.V., an engineering and procurement contract on lump-sum basis for the realization of a 300,000-ton/yr low-density polyethylene (LDPE) unit, to be constructed within the Etileno XXI petrochemical complex.
The LDPE unit will be built using the Lupotech T technology of Lyondellbasell industries and the value of the EP Contract is $191.4 million (approximately €147 million). The Engineering and Procurement activities shall be completed within 4Q 2014.
The Etileno XXI Project under development by Braskem Idesa is located in Nanchital, Veracruz (Mexico). It is expected to generate over 8,000 jobs during the construction and 3,000 direct and indirect jobs once operations begin in 2015. Likewise, the project supports the Mexican government’s strategy to boost competitiveness of the sector and the industrial and regional development.