SOCAR and Maire Tecnimont agreement signed

On February 5, SOCAR and Maire Tecnimont signed an EPC contract for the realization of the High-Density Polyethylene Plant on a Lump Sum Turn-Key basis.
The contract was signed by Rovnag Abdullayev, SOCAR President and Fabrizio di Amato, Maire Tecnimont Chairman. 
Total contract value is approximately USD 180 million.

The Project’s Scope of Work envisages the provision of complete engineering services, equipment and material supply, construction activities up to start up and guarantee test run. The plant will be developed on the basis of the Ineos Innovene S technology and will have a capacity of 120,000 t/y (tons per year).