Maire Tecnimont S.p.A. has announced today the signature – through its operating subsidiary Tecnimont in association with Basell Poliolefine Italia – a contract with PetroChina Daqing Refining and Chemicals Co., a company belonging to PetroChina Group.

The contract, equal to a value of more than $30 million, foresees the supply of licence, process package and basic engineering services for the realization of a 300,000 tonnes/year polypropylene plant to be completed by 2010 at Daqing, in the Chinese Province of Heilongjiang. The Daqing plant will be built using the advanced “Spherizone technology” of LyondellBasell, the worldwide leader in polyolefin technology. The Chinese plant will be the eleventh in the world to be developed using the “Spherizone” technology. Maire Tecnimont Group has been involved in different forms in the realization of eight of the these eleven plants.

Fabrizio Di Amato, Chairman and Chief Executive Officer of Maire Tecnimont, stated: “The acquisition of this contract strengthens the relationship of the Group with the energy giant PetroChina, consolidating in the same time the excellent relationship with LyondellBasell, whose leadership among the providers of the most advanced technologies in the sector was further consolidated after the recent merger between Basell and Lyondell”.