New contract awarded for fertilizer project in Egypt

- Total amount: approximately USD540 MN - Client: Egyptian Chemical & Fertilizers Industries - KIMA - Project completion: end of July 2014 - Synergies between the Group's EPC and licensing sister companies

Maire Tecnimont S.p.A. announces that its main operating company Tecnimont S.p.A. has been awarded an Engineering-Procurement-Construction-Commissioning (EPCC) Contract on lumpsum turnkey basis for the realization of a new Fertilizers Complex within the existing industrial area in the Aswan Governorship (Upper
Egypt). The client is Egyptian Chemical & Fertilizers Industries - KIMA, an Egypt-based company that operates in the chemical sector.

The overall project value is approximately USD540 million and the completion is expected by the end of July 2014. This award highlights the efficacy of the synergies in the fertilizers sector between the Group's sister companies (fully controlled by Maire Tecnimont): Tecnimont, the leading EPC company of the Group, and Stamicarbon BV, the Group's Licensing and Intellectual Property center who is the world market leader in urea licensing.

The new Fertilizers Complex will be composed by:
one Ammonia production unit of 1,200 ton/day capacity, implementing the KBR "Purifier" technology;
one Urea melt production unit of 1,575 ton/day capacity, implementing the "Pool Reactor" technology of Stamicarbon;
one Urea granulation unit of 1,575 ton/day capacity, implementing the urea granulation technology of Stamicarbon;
all the necessary Utilities & Off-site facilities to support the process units.
This contract reinforces the presence of Maire Tecnimont Group in Egypt with the first EPC project and consolidates its track record in the fertilizer sector.

Maire Tecnimont SpA

Maire Tecnimont S.p.A. is the parent company of an Engineering, Main Contracting & Licensing group which operates in three sectors: Oil, Gas & Petrochemicals, Power, Infrastructure & Civil Engineering. The Group, quoted on the Milan Bourse, is present in over 30 Countries, controls over 50 operating companies and can rely on a workforce of about 5,300 employees, of which
more than half are located internationally. At 31 December 2010, the Group reported Revenues of €2,536 million and Net income, after minorities, of €62 million. For further information: http://www.mairetecnimont.com/en/media
 
 
Maire Tecnimont

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