By Mary Page Bailey |
April 26, 2021
Maire Tecnimont S.p.A. (Rome, Italy) announced that a consortium composed of its subsidiaries Tecnimont S.p.A. and Mumbai-based Tecnimont Private Limited has been awarded an EPCC (Engineering, Procurement, Construction and Commissioning) Lump-Sum contract by Indian Oil Corporation Limited (IOCL), for the implementation of a new Para-Xylene (PX) plant and the relevant offsites facilities. The plant will be located in Paradip, in the State of Odisha, in Eastern India.
The overall value of the contract is about $450 million. The scope of work entails EPCC activities up to the Performance Guarantees Test Run. Once completed, the new PX plant will have a capacity of 800,000 metric tons per year (m.t./yr). The time schedule is 33 months for Mechanical Completion from the award date. The PX produced will be used to feed the adjacent PTA (Purified Terephthalic Acid) unit, thus ensuring availability of world-class feedstock that will provide a significant boost to the Country’s manufacturing industry.