Tecnimont Company Profile

May 2014
Group Overview
Tecnimont: Engineering & Construction (E&C)
E&C: Oil, Gas & Petrochemicals
2
E&C: Fertilizers
E&C: Focus on Megaprojects
E&C: Other Activities
*referred to Tecnimont Group **overall value of the Habshan 5 project, MT share is 50%
GROUP OVERVIEW: Facts & Figures
Focus on Oil&Gas
Petrochemicals
Fertilizers

Flexible Business Model offering advanced
skills in Licensing, Engineering
Services, EP (Engineering &
Procurement), EPC (Engineering,
Procurement & Construction)
Zero Incident Target

Safety Culture
US$ 4.7bn**
The largest gas
treatment plant
under completion in
Abu Dhabi (UAE) on a
Lump Sum Turn Key
(LSTK) basis
0.02* Total Recordable Incident Rate
vs 0.38 industry benchmark
Energy
&
Ventures
Engineering
&
Construction
(E&C)
Technology
&
Licensing
3

GROUP OVERVIEW: Global & Technological Leadership
in Licensing hydrogen technology
(with single train capacity up to
180,000 Nm
3
/h) and in licensing
Sulphur Recovery and Tail Gas
Treatment Technology
(with design capacity of single train
up to 1,500 t/d)
Well
recognized
position
Top International
Design Firms List*

Individual Patents
#9
30%
Market share in polyolefins**
(#1 worldwide as per capacity
installed in the last 6 ys),
including a 40% in LDPE
(Low Density PolyEthylene)
54%

34%
Market share in licensing urea
plants technology
(#1 worldwide)**


Market share in licensing urea
granulation technology
(#2 worldwide)**

4
95
68
Since 1924 the Group completed:


Ammonia plants

Urea plants

**management estimate

*2013 ENR Sourcebook, Petroleum section Refineries and Petrochemical Plants December 2013
Over
1000
1958
Incorporation of ICB Pvt Ltd as
consulting firm in the plant
sector in Mumbai
1977
Creation of the first JV
between ICB and Tecnimont
1973
Incorporation of
TECNIMONT
1966
Incorporation of
MONTEDISON
1884
EDISON
Power Supply

1899
FIAT GROUP

2004
Acquisition of
Fiat Engineering
(later MAIRE ENGINEERING)
1972
Incorporation of
FIAT ENGINEERING

Oct 2005 Nov 2007
Incorporation of MAIRE TECNIMONT
Listing on the
Italian Stock
Exchange
1963 Giulio Natta
Nobel Prize for chemistry
2002
Acquisition of FIAT Avios Electric
Design & Construction Business

1888
MONTECATINI
Mines and Chemicals
then focused on
Fertilizers (G.Fauser)
Polypropylene (G.Natta)
Dec 2007
1990s
Tecnimont acquires 50% of the
Indian company renamed as
Tecnimont ICB Pvt Ltd (TICB)
2005
Maire Group acquires
Tecnimont




Tecnimont ICB:
Over 5 decades of excellence
Among the largest E&C companies in
India
Centre of Excellence for the Group -
engineering centre/EPC contractor for
selected projects
Benchmark quality & cost efficiency
Highly skilled personnel
Electrical & Instrumentation (E&I)
installation excellence
Acquisition of 100% of TICB
India, now fully owned and
integrated in the Group
GROUP OVERVIEW: Key Milestones (1/2)
5



New Milan Offices:
2 Towers +1 Service
Building (tot 69,000
sqm)
About 2,000 employees
when fully operational
Effective competences
integration and cross
fertilization among BUs

1947
Incorporation of
STAMICARBON
Chemical and Fertilizer
licensing

1937
Dutch State Mines DSM
research centre for services
work to coal mines
Oct 2009
Acquisition of
Stamicarbon
Acquisition of
Technip KTI
(later KT)
Jun 2010
1971
Kinetic Technology Int. - KTI
More than 40 years of
experience in process engineering

1988
Mannesmann acquired KTI
1999
Technip Italy acquired KTI
2011 - 2012
Reorganization of
Italian HQs
LAUNCH OF THE NEW
BUSINESS STRATEGY
From 2013 on
GROUP OVERVIEW: Key Milestones (2/2)
6
About 4,300 employees, half of whom are employed outside Italy
Presence in about 30 countries with 45 operating companies
Figures as of 31 December 2013
Subsidiaries, branches
and representative offices
Headquarters Main Offices
EXTENSIVE INTERNATIONAL PRESENCE: Our Employees
7
Milan
Mumbai
Rome
Sittard
Salzgitter
EMPLOYEES BY COUNTRY
Italy 1,903
Milan 1,370
Rome 438
Others 95
Rest of Europe 386
The Netherlands 102
Germany 44
Others 240
Asia 1,978
India 1,568
Rest of Asia 410
South America 26
Africa 2
Total 4,295
Average age: ~ 41 years
Approximately 54% graduates
COMMITMENT FOR HEALTH AND SAFETY
8
Environment, Health and Safety Management System as core value and personal
commitment
Integrated HSE Management System constantly reinforced, diffused, checked and upgraded
with results considerably higher than international standards
Maire Tecnimont Group Safety 2013
(based on approx. 57.9 million hours worked on-site)

International Reference Benchmarks

KPI*

Maire Tecnimont

Oil&Gas Producers 2012
Contractor data (1)
Construction Industries
Institute - CII (2)
LTIF
(OSHA Lost
Time Injury
Frequency)
0.003 0.10 0.06
TRIR
(OSHA - Total
Recordable
Injury Rate)
0.02 0.38 0.45
Maire Tecnimont safety performances: zero incident targets
8
(*)
KPI - Key Performance Indicator
(1)
Source: International Association of Oil & Gas Producers - Report No 2012s June 2013 - Safety Performance indicators - 2012 data - Contractor aggregated data
(2)
Source: CII Benchmarking & Metrics Program 2011 Safety Report Aggregated data Contractors 2010 (BMM 2011 02 October 2012)

ENGINEERING & CONSTRUCTION: Oil, Gas & Petrochemicals
9
The Group offers a wide range of competences
from feasibility studies to FEED, technology
selection and project implementation on a
lump-sum turnkey basis:
gas production and treatment, LNG
liquefaction and regasification,
underground gas storage, transmission
and compression, distribution and
pumping stations, aromatics complexes,
refinery units, propane dehydrogenation
(PDH)
historical leadership in chemicals &
petrochemicals, in particular: polymers
(PE and PP), ethylene oxide and ethylene
glycol, PTA, ammonia and fertilizers
complete solutions for fertilizer business
including technology licensing, EPC
projects and O&M

E&C: Main Petrochemicals Projects
POLYOLEFIN PLANTS FOR PP AND PE
DAHEJ (INDIA, GUJARAT)
Capacity:340 KTY PP; 2 x 360 KTY HD/LLD
Swing PE
Client: OPaL (jv ONGC, GSPC, GAIL)
Contract type: LSTK
Value: 320 mn
Contractor: Tecnimont

BOROUGE 3 Expansion
RUWAIS (UAE)
Cpacity: 480 KTY PP; 428 KTY PP;
2X540 KTY PE; 350 KTY LDPE
Client: BOROUGE (jv ADNOC Borealis)
Contract type: LSTK
Value: US$1.86bn (jv Samsung MT 55%)
Contractor: Tecnimont
POLYETHYLENE/NAO PLANTS Q-CHEM II DERIVATIVES COMPLEX
MESAIEED (QATAR)
Capacity:350 KTY HDPE; 350 KTY Normal alpha-olefins
Client: QATAR CHEMICAL COMPANY II
Contract type: EPC
Value: US$830mn (MT share US$440m consortium Daewoo)
Contractor: Tecnimont
PDH/POLYPROPYLENE PLANT
AL JUBAIL (SAUDI ARABIA)
Capacity: 467 KTY Propane dehydrogenated; 450 KTY PP
Client: Al Waha (jv Sahara, LyondellBasell)
Contract type: EPC
Value: 580mn (MT share 358mn consortium Daelim)
Contractor: Tecnimont
POLYOLEFINS COMPLEX
RABIGH (SAUDI ARABIA)
Capacity:2 x 350 KTY PP; 250 KTY EPPE; 350 KTY LLDPE;
300 KTY HDPE; 50 KTY Butene-1
Client: Petro Rabigh (jv Aramco - Sumitomo)
Contract type: EPC Contractor: Tecnimont
Value: US$1,200mn (MT share US$768 mn)
(consortium Sumitomo Chemical Eng.Co)
COMPLETED PROJECTS
UNDER REALISATION PROJECTS
> 1000 m 500 to 1000 m 200 to 500 m < 200 m
LDPE PLANT
BRATISLAVA (SLOVAK REPUBLIC)
Capacity: 220 KTY Low Density Polyethylene
Client: Slovnaft Petrochemicals s.r.o. (MOL Group)
Contract type: EPC LSTK
Value: 204mn
Contractor: Tecnimont
LDPE PLANT VERACRUZ
300 KTY Low Density Polyethylene
Client: Etileno XXI Services BV
Contract type: EP
Value: 147mn
Contractor: Tecnimont
LDPE PLANT
SADARA (SAUDI ARABIA)
Client: Sadara Chemical Company
Contract type: EP
Value: US$210mn
Contractor: Tecnimont
POLYOLEFINS COMPLEX - BOROUGE 2
RUWAIS (UAE)
Capacity: 400 KTY PP; 400 KTY PP; 540 KTY PE
Client: BOROUGE (jv ADNOC - Borealis)
Contract type: EPC
Value: US$1.8bn
Contractor: Tecnimont
10
PDH PLANT
TOBOLSK (WESTERN SIBERIA)
Capacity: 510 KTY Propane
Dehydrogenation (PDH)
Client: Tobolsk Polymer LLC
(JSC Sibur Holding)
Value: 660mn
Contractor: Tecnimont

E&C: Main Oil & Gas Projects
UNDERGROUND STORAGE STATION
WIERZCHOWICE (POLAND)
Capacity:Exp. To 1.2 billion STDm3
Client: PGNiG
Contract type: EPC
Value: 383mn (MT share 99.2m consortium PBC)
Contractor: Tecnimont
LNG TERMINAL
CHENTOUJIA, GUANGDONG (CHINA)

Client: GUANGDONG LNG JEO
Contract type: EPC
Value: ~ 280mn (MT share 45% - jv Saipem)
Contractor: Tecnimont
NAGRP/AGRP REVAMPING PROJECT
KUWAIT CITY (KUWAIT)
Capacity: Acid Gas Removal Plant (230 MSCFD 78,000
BPD)
Client: KNPC
Contract type: LSTK
Value 320mn
Contractor: Tecnimont
AROMATICS COMPLEX
SHUAIBA (KUWAIT)
Capacity:768 KTY PX; 325 KTY BZ
Client: KUWAIT PARAXYLENE PRODUCTION COMPANY (KPPC)
Contract type: EPC
Value: US$1,228mn (MT share US$730mn - consortium SKEC)
Contractor: Tecnimont
COMPLETED PROJECTS
UNDER REALISATION PROJECTS
> 1000 m 500 to 1000 m 200 to 500 m < 200 m
INTEGRATED GAS DEVELOPMENT HABSHAN 5
(ABU DHABI UAE)
Capacity: Gas Treatment 2,150 MM scf/day; Sulphur Product
5,200 ton/day (4 trains of 1,300 ton/day each)
Client: GASCO
Contract type: LSTK
Value US$4.7bn (MT share 50% - jv JGC)
Contractor: Tecnimont
OIL AND GAS TREATMENT "TEMPA ROSSA
CORLETO PERTICARA (ITALY)
Client: Total E&P Italia S.p.A.(Total Group)
Contract type: EPSCC
Value: 567mn
Contractor: Tecnimont and KT
11
12

ENGINEERING & CONSTRUCTION: Fertilizers
The Group provides a wide and integrated range
of services, from feasibility studies to basic
engineering, from selecting the technology to
developing lump-sum turnkey projects.
Thanks also to the acquisition of Stamicarbon in
2009, the Group is a benchmark player for the
development of ammonia-urea E&C projects,
ensuring the client the best technologies
available in the market.
Since 1924, the Group has completed 95
ammonia plants and 68 urea plants (mainly in
India, the Middle East, Russia, China, and South
America).
E&C: Main Fertilizers Projects
FERTILIZERS COMPLEX
ASWAN (EGYPT)
Capacity: Ammonia Unit 1,200 T/d; Urea Production Unit 1,575
T/d; Urea Granulation Unit 1,575 T/d; Utilities & Off-site facilities
Client: KIMA
Contract type: EPCC LSTK, currently on hold
Value: US$530mn
Contractor: Tecnimont (Ammonia Plant)
Licesor: Stamicarbon (Urea Plant)
AMMONIA PLANT NANGAL
PUNJAB (INDIA)
Capacity: 950 T/y
Client: National Fertilizers Ltd.
Contype: EPCC LSTK
Value: US$262mn (Consortium with TICB)
Contractor: Tecnimont
UREA DEBOTTLENECKING &
GRANULATION PLANT
SHUAIBA (KUWAIT)
Capacity: 1,750 T/d urea melt; 2 x 1,750
T/d urea granulation
Client: P.I.C.
Contract type: EPC
Value: US$100mn
Contractor: Tecnimont
AMMONIA PROJECT URUMQI
XINJIANG (CHINA)
Capacity: 1,000 T/d
Client: SINOPEC for Urumqi General
Petrochemical Works
Contract type: Licence, Engineering,
Procurement, Technical Assistance
Value: US$87mn
Contractor: Tecnimont
AMMONIA PROJECT Hejiang
SICHUAN (CHINA)
Capacity: 1,000 T/d
Client: CNTIC for Sichuan Natural Gas
Chemical Plant
Contract type: Licence, Engineering,
Procurement, Technical Assistance
Value: US$80mn
Contractor: Tecnimont
COMPLETED PROJECTS
UNDER REALISATION PROJECTS
IOWA (USA)
Capacity 2,200 t/d
Client: Orascom Construction Industries
Contract type: EP
Value: US$250mn
Contractor: Tecnimont (Ammonia Plant)
Licensor: Stamicarbon (Urea Plant)
> 1000 ml 500 to 1000 ml 200 to 500 ml < 200 ml
13
AMMONIA/UREA PLANTNEVINNOMYSSK
(RUSSIAN FEDERATION)
Capacity : Ammonia :2.7K MTPD (KBR Technology); Granular
Urea: 3.5K MTPD (Stamicarbon technology); Utilities and Offsites
Client: EuroChem Mineral and Chemical Company
Contract type: Engineering Works
Value: ~15mn
Contractor: Tecnimont

AMMONIA PLANT
KINGISEPP (RUSSIAN FEDERATION)
Capacity : 2.7K MTPD (KBR Technology); Utilities
and Offsites
Client: EuroChem Mineral and Chemical Company
Contract type: Engineering Works
Value: ~15mn
Contractor: Tecnimont
FERTILIZER COMPLEX PROJECT
AL-JUBAIL (KINGDOM OF SAUDI ARABIA)

Capacity: 1.5K t/d ammonia; 1.8K t/d urea
Client: SAFCO
Contract ype: LSTK
Value: US$350mn
Contractor: Tecnimont

14
E&C Focus on Key Mega Projects: Habshan 5
Client: GASCO (ADNOC Group), the operating company
responsible for the processing of natural and associated
gas onshore oil operation in UAE, is one of the largest gas
processing companies in the world
Contract Value: US$4.7 billion 50/50 jv JGC-Tecnimont
Area: Habshan area, 150 km S-W Abu Dhabi
Plant Capacity: Gas Treatment 60 MM m
3
/day; Sulphur
Product 5,200 ton/day
Tecnimont scope of work: EPC, Pre Commissioning and
Testing plus 2 Years Operation Spare Parts
Total manpower on site: 30,000 (10,000 Tecnimont)
Habshan 5 is one of the largest gas treatment plants under realization worldwide and has been
developed to accommodate additional Offshore Gas production and additional associated gases
that will become available as a result of the expansion of ADCOs onshore oil production
JGC Yokohama
Operating Centre
Tecnimont Milan
Operating Centre
JGC Philippines Inc.
Manila
Tecnimont, ICB
Mumbai
GASCO PJ Site Office
KT
Rome
JGC Descon
Lahore
INVOLVED OPERATING CENTRES
PLANT OPERATION - CRITICAL POINTS
Selection of Project Managers: A- Team
Coordination of procurement and logistics
Selection of Sub-Contractors
Constant Control of project advancement with monthly
meetings with clients: resolution of bottlenecks
Construction execution plan
Commissioning/start up execution plan
15
Client: Tobolsk Polymer LLC, a company owned by JSC
Sibur Holding, the most important petrochemical producer
in Russia
Contract Value: approximately 675 mn
Area: Tobolsk (Western Siberia) Russian Federation. The
project will be realized in the existing industrial complex of
Tobolsk, using UOPs innovative Oleflex TM technology to
transform propane into propylene through
dehydrogenation.
Plant Capacity: 510,000 t/y PDH
Tecnimont scope of work: Engineering and Procurement
The Tobolsk plant will be among the largest dehydrogenation plants worldwide
in terms of production capacity
Special equipment:
Use of rare self lifting vessel (reserved almost one year before) to lift and transport reactors of
1000 tons. from Korea to Siberia (Arkangelsk Port) via Pacific.

Climate harshness (-40C):
Availability of short period to transport the equipments along the Kara Strait and Ob River, iced
all year long except for two months.

Long geographical distance:
About 75 days to transport the reactors from Korea to Tobolsk.
E&C Focus on Key Mega Projects: Tobolsk
16
E&C Focus on Key Mega Projects: Borouge 3
Client: BOROUGE, a joint venture formed by Abu Dhabi National Oil
Company and Austria based Borealis. The name Borouge in Arabic
means Towers, as those 70-metres high that support the loop
reactors of the plant.
Contract Value: US$1.65bn (jv Samsung Tecnimont 55%).
Plant Location: Ruwais, 240 km W of Abu Dhabi City, UAE.
Plant Capacity: 2 polypropylene plants of 480,000 tons/year each; 2
polyethylene plants of 540,000 tons each; 1 low-density polyethylene
plant of 350,000 tons/year.

Tecnimont scope of work: Engineering, Procurement & Construction.

Borouge 3 is a mega project of five polymers process plant which have required the
involvement of numerous suppliers and operating units on an international scale
MAIN PECULIARITIES OF THE PROJECT

Operating units and plant site located in different areas of the globe: Milan, Malta, Seoul, Mumbai,
Salzgitter, Abu Dhabi and Ruwais.

Construction site sandy environment (the first time in the world for an LDPE plant).

Specific attention to cleanliness of materials, requiring a total absence of impurities.

High-pressure technology: the process liquids reach pressure levels of 3,000 atmospheres, demanding the
highest standards of quality and safety.

17
ENGINEERING & CONSTRUCTION: Other Activities - Power
The Group has developed excellent
capabilities in Italy and abroad in EPC
projects for power plants:
simple-cycle and combined-cycle gas-fired
power plants
coal-fired power plants
hydro, biomass and waste-to-energy
plants
cogeneration
re-powering
electrical and energy distribution systems
for civil and industrial use
district heating systems
18
COMBINED CYCLE 840 MW
TURBIGO (ITALY)

Client: EDIPOWER
Contract type: EPC
Value: 224mn (MT share: 35%)
Contractor: Tecnimont


COMBINED CYCLE 840 MW
PIACENZA (ITALY)

Client: EDIPOWER
Contract type: EPC
Value: 230mn (MT share: 35%)
Contractor: Tecnimont

COMBINED CYCLE 100 MW
VALONA (ALBANIA)
Client: ALBANIAN ELECTRO- ENERGY
GOVERNMENT AUTHORITY (KESH)
Contract type: EPC
Value: 115mn
Contractor: Tecnimont
COAL POWER PLANT 370 MW
CORONEL (CHILE)

Client: COLBUN ELECTRICITY COMPANY
Contract type: EPC
Value: US$523mn (MT share 75%)
Contractor: Tecnimont

COAL POWER PLANT 720 MW
CEAR (BRAZIL)
Client: MPX Pecem Geraao de Energia S.A.
(MPX and EDP)
Contract type: EPC
Value: ~ 760mn (MT share 74%)

THIRD LINE PECEM 2
Value: 390mn (MT share 74%)
Contractor: Tecnimont

COAL POWER PLANT 360 MW
MARANHAO (BRAZIL)
Client: Diferencial Energia Empreendimentos
e Participaoes Ltda. (MPX)
Contract type: EPC
Value: ~ 410mn (MT share 74%)
Contractor: Tecnimont

BOCAMINA COAL POWER PLANT 370 MW
CORONEL (CHILE)

Client: ENDESA Chile
Contract type: EPC
Value: US$558mn (MT share 75%)
Contractor: Tecnimont

COMPLETED PROJECTS
UNDER REALISATION PROJECTS
E&C: Main Power Projects
PUNTA CATALINA PROJECT
(DOMINICAN REPUBLIC)

Client: CDEEE
Contract type: EP
Value: US$926mn
Contractor: Tecnimont

> 1000 ml 500 to 1000 ml 200 to 500 ml < 200 ml





info@mairetecnimont.it www.mairetecnimont.com

Tecnimont

Via Gaetano De Castillia 6 A
20124 Milan
Tel. +39 02 6313.1
Fax +39 02 6313.9052