Maire runs with $50 million order in the Caribbean

(Il Sole 24 Ore Radiocor) - Travelling at a good pace Maire Tecnimont, after Tecnimont Services (Maire group) announced this morning that it has been awarded a$50 million contract for the refinition study of the Guaracara refinery in Trinidad and Tobago. The work includes a technical and operational assessment of the facilities and equipment at the Guaracara complex, as well as the refinery refurbishment study with a capacity of approximately 150 thousand barrels per day. "This project further strengthens our geographic diversification, expanding our presence in Central America, and confirms the strategic relevance of plant upgrading initiatives," explains CEO Alessandro Bernini, adding that "the redevelopment of the Guaracara refining complex will generate concrete benefits for the local economy, contributing to value creation, industrial development, and skills growth.

Analysts at Intermonte point out that "the scope of work includes a technical and operational assessment of the facilities and equipment of the Guaracara complex, as well as the refinery modernisation study (phase 1 and 2 of the project), with a capacity of approximately 150,000 barrels per day. Phases 1 and 2 are expected to be completed by the beginning of 2027; thereafter, the activity may extend to the Front-End Engineering Design (Feed) and Engineering, Procurement and Construction (Epc) phases, up to Operations & Maintenance (O&M) operations for the redevelopment of the entire complex.

According to Bank Akros, "the assessment will identify areas requiring modernisation or refurbishment and will analyse the adequacy of existing technologies with respect to the plant's long-term operational and performance objectives". Specifically, the report says, the project also includes an assessment of the energy efficiency of the complex; an analysis of environmental performance; and the design of advanced water intake and cooling systems, all developed in accordance with the most stringent international standards.

"Based on this analysis, Tecnimont Services will provide preliminary Capex and Opex estimates to support the refinery rehabilitation and restart programme," the brokers explain, recalling that Phases 1 and 2 should be completed by early 2027. Thereafter, 'the project could extend to: a Feed (Front-End Engineering Design) phase, the subsequent Epc (Engineering, Procurement & Construction) up to the Operations & Maintenance activities required for the complete rehabilitation of the complex. The contract suggests that geopolitical tensions in the Middle East could trigger a new wave of investment in alternative energy hubs.