Maire Tecnimont S.p.A. announces that its main subsidiaries have been granted several awards for approximately €102 million for licensing, engineering services, EP (Engineering–Procurement) and EPC (Engineering, Procurement, Construction) activities.

In particular, KT - Kinetics Technology strengthened its presence in Eastern Europe with the award – granted by Grupa Lotos – related to EPC activities for the execution of an HVD unit (Hydrowax Vacuum Distillation), which will be integrated in the Gdanksk refinery, in Poland. The project value is equal to approximately €36 million, and completion is expected by January 2018. Such an award is part of the EFRA (Effective refining) capital project, aimed at improving output efficiency of the complex. Grupa Lotos is one of the largest refining companies in Poland, engaged in the extraction and processing of crude oil, as well as in the wholesale and retail of refined petroleum products.

Other awards, for approximately €66 million, are mainly related to the oil & gas, petrochemicals and fertilizers core business. These awards have been granted in North America, Europe and Middle East by some of the most prestigious international clients both in the private and public sectors. Such awards confirm the growth strategy in the higher-margin technology and service area and provide further evidence of the resilience of the Group’s technology-driven business model.

About Maire Tecnimont S.p.A.

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 & Ventures markets, with specific competences in plants, particularly in the hydrocarbons segment (Oil & Gas, Petrochemicals and Fertilisers), as well as in Power Generation and Infrastructures. The Maire Tecnimont Group operates in approximately 30 different countries, numbering around 45 operative companies and a workforce of about 4,300 employees, of whom over half work abroad.

About KT- Kinetics Technology

KT- Kinetics Technology is an international Process Engineering Contractor with high expertise in hydrocarbon processing industry. The company operates as a provider of proprietary technologies and as an EPC (Engineering, Procurement, Construction) Contractor in the chemical, petrochemical and oil & gas complexes. KT has significant references in the field of Sulphur Recovery Facilities, Gas Processing, Hydrogen and Syngas Production, Refinery Process Units and the supply of Process Fired Heaters.

About Lotos

Grupa LOTOS is a Poland oil company engaged in the business of production and processing of crude oil, as well as wholesale and retail sale of high quality petroleum products. Grupa LOTOS is a producer and supplier of a number of products, including unleaded gasoline, diesel oil, diesel oil for heating purposes (light fuel oil), aviation fuel and heavy fuel oil. It also specialises in the production and sale of lubricating oils and bitumens.