Maire Tecnimont S.p.A., through its operating company Tecnimont, signed an agreement with the Egyptian Petrochemicals Holding Company (ECHEM) - one of Egyptian Ministry of Petroleum companies. The agreement was signed for ECHEM by the Chairman Mr. Hany Soliman, and for Tecnimont by the Managing Director Mr. Enzo Caetani.

Purpose of the agreement is the formation of a new company, to be incorporated in Egypt, which will be jointly owned by Tecnimont, ECHEM and the Egyptian “Petroleum Projects & Technical Consultation Co.” (PETROJET). The new company will provide engineering services and management for the implementation of industrial plants in Egypt and in the neighbouring countries.