October 29, 2010
Sittard, 29 October 2010– Stamicarbon, the licensing and IP Center of Maire Tecnimont S.p.A., has signed a license agreement with Tierra del Fuego Energia Y Quimica S.A., an Argentina based company controlled by shareholders from China. The agreement concerns a urea synthesis plant and a urea granulation plant with a capacity of 2,700 mtpdto be built in southern Argentina.
The urea synthesis plant will use the Stamicarbon Avancore® technology, which was introduced in 2008. Taking full advantage of the benefits of utilizing Safurex® stainless steel in the high-pressure synthesis section, the Avancore® technology, which combines the benefits of all Stamicarbon’s earlier proven innovations, features zero oxygen intake, minimum equipment and minimum plant height.
The granulation plant with a single line capacity of 2,700 mtpd comprises the latest innovations in Stamicarbon granulation technology. Stamicarbon has already licensed 16 grass root granulation plants with capacities between 1,200 and 3,600 mtpd. As of today, 8 granulation plants are in operation, while 8 more are under construction.
Stamicarbon will deliver the PDP (“Process Design Package”), the proprietary HP equipment, and associated services for both the synthesis and the granulation plant. The plants will be built by China Chengda Engineering Co., Ltd of China. Start up is planned in 2012.
The plants will be located in the proximity of the city Rio Grande in Tierra del Fuego. Tierra del Fuego is an archipelago of the southernmost tip of the South American mainland, across the Strait of Magellan.
More information on the Avancore® process can be found on: www.stamicarbon.com/Avancoresupregsup.html
Stamicarbon
Stamicarbon, the licensing and IP Center of Maire Tecnimont, is the global market leader in licensing of urea technology and services with more than 50% market share in synthesis and 35% market share in urea granulation technology. Stamicarbon has over 60 years' experience in licensing its urea technology, delivering optimum environmental performance, safety, reliability and productivity, which together ensure maximized returns on capital invested. Around the world, over 240 urea plants use Stamicarbon technology, while the Company has completed over 90 plant revamps, including those utilizing other technologies. Stamicarbon operates on an open platform and its technologies are available through licensed contractors. Since 1947, Stamicarbon has been the world’s leading authority and innovator in the field of urea, in close cooperation with research institutes, suppliers and customers. Latest innovative achievements include: AVANCORE® urea process, Safurex® stainless-steel material, Urea Granulation Technology, Mega Plant Technology and Urea 2000plus™ Technology. Stamicarbon is headquartered in Sittard (The Netherlands), and maintains offices in Beijing (China) and Moscow (Russia).
For more information: www.stamicarbon.com
Maire Tecnimont SpA
Maire Tecnimont S.p.A. is the parent company of an Engineering & Construction International industrial group which operates in three sectors: Oil, Gas & Petrochemicals, Power, Civil Engineering & Infrastructure. Today, the Group, quoted on the Milan Bourse, is present in approximately 30 Countries, currently controls over 40 operative companies and can rely on a workforce of about 5,100 employees, of which more than half are located abroad. At 31 December 2009, the Group reported Revenues of €2,164 million and Net income, after minorities, of €77 million.
For further information: www.mairetecnimont.it.