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Maire Tecnimont opens with Socar the new polypropylene plant in Azerbaijan at the presence of Presidents Mattarella and Aliyev

Sumgayit, Azerbaijan, 18 July 2018 – Fabrizio Di AmatoMaire Tecnimont Chairman and majority shareholder, and Pierroberto FolgieroMaire TecnimontGroup CEO, proudly welcomed President of Italian Republic Sergio Mattarella, and President of the Republic of Azerbaijan,Ilham Aliyev, in the occasion of the official opening of the new polypropylene plant inside the petrochemical complex of Sumgayit, 30 km north of Baku, in Azerbaijan.

Sergio Mattarella, during his visit, commented: “Coming here together with President Aliyev is a sound evidence of the collaboration between Italy and Azerbaijan. This morning ceremony is really meaningful. I must congratulate Socar and Maire Tecnimont for their great commitment in terms of growth and employment, which is evident here, thanks to the cooperation among Azeri and Italian companies.”

 

Fabrizio Di Amato, Maire Tecnimont Chairman and majority shareholder, added: “It is indeed a great honor to see President Mattarella e President Aliyev opening together our plant. This project enables Azerbaijan to produce technological polymers – while paying a great attention to environmental impact – in order to diversify Azeri economy as well as attracting foreign investments in high-tech sectors. The project was carried out on a fast track basis, in line with the most severe safety standards, which led to 17 million man-hours without a significant incident. It was also a great occasion to develop a strong industrial collaboration among Italian and Azeri companies”.

 

Maire Tecnimont Group – through its subsidiary Tecnimont e KT-Kinetics Technology – has developed two projects for the client SOCAR POLYMER in Sumgayit, subsidiary of SOCAR, the Azeri national oil company. The polypropylene plant which was inaugurated today has a capacity of 180,000 tons per year, while the other project, currently under completion, is a high density polyethylene plant with 120,000 tons per year capacity. The overall value of the two projects is approximately USD 500 million. The scope of work entailed engineering, procurement and construction activities up to start up.

 

The industrial complex will enable Azerbaijan to develop the petrochemical value chain and produce semi-finished plastic products for the first time on a large scale, boosting the national manufacturing industry and the Azeri economy as a whole. During the realization of the two projects, Maire Tecnimont involved a very large number Italian and Azeri companies playing a pivotal role for the entire value chain. More than 120 Italian and 140 Azeri companies were involved in the projects, while approximately 3,000 resources were mobilized at peak, the majority being Azeri professionals.

 

The ceremony is part of the official State visit of President of Italian Republic in Azerbaijan. The event was also attended by major institutional representatives, among which the Italian Ministry of Foreign Affairs Enzo Moavero Milanesi, the Italian Undersecretary of Ministry for Economic Development Michele Geraci, ICE and Confindustria top officials and several Azeri and Italian companies’ representatives.

 

Maire Tecnimont Group keeps on expanding its footprint in Azerbaijan and the Caspian Area thank to its technology-drivenexpertise. Along with the two polymers plants in Sumgayit, in fact, Maire Tecnimont is involved in the revamping of the Heydar Aliyev Oil Refinery in Baku for the client SOCAR, enabling the production of high-quality fuels in line with the most stringent international environmental standards.

 

Maire Tecnimont Group is also very committed to partnering up with    the academic community. In cooperation with the Baku Higher Oil School, the Group has implemented a development program in order to offer to the best students professional trainings and mentorships within its companies’ network, both in the Baku Branch offices, both in the Construction Sites in Sumgayit.

 

Maire Tecnimont SpA

Maire Tecnimont S.p.A. is a company listed with the Milan stock exchange. It heads an industrial group (the Maire Tecnimont Group) that leads the international Engineering & Construction (E&C), Technology & Licensing and Energy Business Development & Ventures markets, with specific competences in plants, particularly in the hydrocarbons segment (Oil & Gas Refining, Petrochemicals and Fertilisers), as well as in Power Generation and Infrastructures. The Maire Tecnimont Group operates in approximately 40 different countries, numbering around 50 operative companies and a workforce of more than 5,500 employees, along with approximately 3,000 additional Electrical & Instrumentation professionals. For more information: www.mairetecnimont.com.

 

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