National Petrochemical Industrial Co. (Natpet), a Saudi joint-stock company, has let a contract to a subsidiary of Maire Tecnimont SPA to provide engineering, procurement, and construction services for the revamp of a plant at its 400,000-tonne/year propylene-polypropylene complex at Yanbu Industrial City on Saudi Arabia’s west coast.
As part of the contract Tecnimont, through its affiliate Tecnimont Arabia Co. Ltd., will deliver engineering and procurement services, material supply, construction supervision services, and construction works related to reinstatement of the complex’s existing polypropylene plant, Maire Tecnimont said on Feb. 28.
The service provider said its scope of work under the reimbursable EPC contract, valued at $65 million, has an estimated execution schedule of about 7 months up to the project’s ready-for-startup phase.
Natpet’s major stockholders include Alujain Corp., Xenel Industries Ltd., and Saudi government agency General Organization for Social Insurance, according to the operator’s web site.
Contact Robert Brelsford at [email protected].
