Tecnimont SpA and Tecnimont, subsidiaries of Italian downstream engineering firm Maire Tecnimont, have been jointly awarded engineering, procurement, construction and commissioning (EPCC) lump sum contract by the Indian Oil Corporation (IOC) for implementation of a new polypropylene plant at its Barauni refining complex in Bihar.
The overall value of the contract is about USD 170 million. The plant will have a capacity of 2,00,000 tpa and the time schedule is 30 months from the award date up to mechanical completion.
The scope of work entails engineering, procurement, construction and commissioning activities up to the performance guarantees test run. The plant is part of the Indian Oil’s Barauni Refinery capacity expansion project, which entails the installation of large grassroots units as well as revamps and upgrades to increase the capacity of current units.
The Barauni Refinery Expansion project is part of IOCL’s plan to meet the growing domestic demand for added-value products needed to boost the country’s manufacturing industry.
In April 2021, French firm Technip Energies announced that Indian Oil has awarded it the EPCC contract for the installation of a Once-Through Hydrocracker Unit (OHCU) of one million tpa capacity and a fuel gas treatment unit at the Barauni refinery.