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Maire Tecnimont Group

A €660 million plant is to be constructed in Kingisepp

EuroChem, the largest fertilizer producer in Russia, is expanding its presence in the Leningrad Region. An ammonia plant is to be constructed at the Phosphorit Industrial Group LLC site in Kingisepp. EuroChem has signed an agreement on the construction of a turnkey plant with the general contractor and engineering company Maire Tecnimont Group. The contract amounts to €660 million.

Information on the contract was posted on the official websites of Maire Tecnimont Group and EuroChem. The contract entails design, procurement and construction services for the ammonia plant in Kingisepp with total capacity of 2,700 tons. Construction work is expected to be completed in three years.

The contract value is approximately €660 million, out of which SACE will provide a €575 million loan guarantee to EuroChem with the remaining amount covered by EuroChem. According to the websites of both companies, the Project is to be executed by Maire Tecnimont’s subsidiaries Tecnimont SpA and Tecnimont Russia LLC, which have already completed front-end engineering design for the ammonia plant.

Eurochem has many plants in Russia, but only one is located in Leningrad Region – Phosphorit Industrial Group LLC, which produces phosphate fertilizers and feed phosphates, as well as sulfuric and phosphoric acid for the company’s own production needs. The new ammonia plant is to be constructed in this location.

In the beginning of April, EuroChem, Maire Tecnimont and SACE signed a memorandum of understanding to develop five projects in the US, Kazakhstan and Russia in the next ten years. Within the scope of the agreement, SACE will provide a €575 million loan guarantee to EuroChem. The company plans to construct three plants in Russia, one in the US and one in Kazakhstan. These new projects are expected to add five million tons of ammonia and 7.5 million tons of urea capacity per annum.
 

14 June 2015
www.kommersant.ru/
Investor
Leningrad Region

Investor profile

Maire Tecnimont Group

Italy

Company's website: www.mairetecnimont.com

T: +39 02 63131

Public company

E-mail: francesca.rinaldo@mairetecnimont.it

Contact: Pierroberto Folgiero, CEO

Maire Tecnimont is the parent company of an Engineering, Main Contracting and Licensing Group operating worldwide in the Oil, Gas & Petrochemicals, Power, Infrastructure and Civil Engineering sectors. It also has key competences in Intellectual Property, and specific focus in renewable energy. The Group’s reputation and success are underpinned by its strong technology orientation and advanced skills in Project Management, Engineering, Procurement and Construction (EPC) services for the implementation of complex projects worldwide. It has developed major expertise in managing large EPC projects on a turnkey basis in many different countries and regions. The Group combines high quality and planning standards with a focus on multicultural and environmental issues.

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