A 510,000 TPA Propane Dehydrogenation (PDH) plant will be realized in the existing industrial complex of Tobolsk (Western Siberia), using the innovative UOP’s Oleflex TM technology. The plant will be among the largest ones worldwide in terms of production capacity. The PDH project is part of a larger investment plan in the polyolefin sector (PVC etc) to be realized in other Sibur productive complexes in the country. The contract consists of the development of engineering design (FEED) and the further conversion into EPCM (Engineering, Procurement and Management of Construction). Thanks to this contract, Maire Tecnimont on the one side strengthens its current significant presence in the Russian Federation with a new prestigious client. On the other side, the company enters the PDH technological sector which offers interesting perspectives of growth.

Indian Oil Corporation Limited (IOCL), the leading public player in the Indian oil market and the country’s largest company in terms of sales, is implementing a world-scale naphtha cracker and downstream petrochemicals complex costing over US$3.2 billion at Panipat, in the state of Haryana.

Within the complex, Tecnimont has been awarded a contract worth approximately US$350 million for the implementation of two new PP plants.

The plant is due to be completed by the second half of 2009. The contract envisages a significant involvement of TICB, the Group’s Indian engineering and construction subsidiary in Mumbai.

Contracts signed with Polinter, a company belonging to the national group Petroquímica de Venezuela S.A. (PEQUIVEN), cover the supply of basic engineering design services and the procurement of long lead items for a new LDPE plant. Their total value is about €90 million. It is envisaged that the contracts will be converted in the future into a turnkey EPC contract. The plant will have a capacity of 300,000 tonnes/year and will be built in the El Tablazo (Zulia) petrochemical complex, using Basell’s Lupotech T technology. This is the leading LDPE technology worldwide, for which Basell considers Tecnimont - thanks to its German engineering centre at Salzgitter – to be the preferred contractor.

Petro Rabigh, a joint venture between Sumitomo Chemical Co. (Japan) and Aramco, the Saudi Arabian Oil Company, has decided to implement one of the world’s largest integrated refinery and petrochemical complexes at Rabigh on the Red Sea, about 160 km from Jeddah.

The contract was awarded in 2006 to Tecnimont as leader of a consortium with Sumitomo Chemical Engineering. Co. of Japan, for offshore activities, and to Tecnimont Arabia Ltd, in a consortium with AICO (Saudi Arabia) for onshore activities. It includes detailed engineering, procurement, construction, pre-commissioning and commissioning of the plants. The project is under implementation and should be completed on schedule by the end of 2008. For Tecnimont, it represents an important achievement in terms of size, diversification of technologies and for developing business relationships with two prestigious clients like Aramco and Sumitomo Chemicals.