MAIRE’s Tecnimont wins $50 million Guaracara refinery revamp study

MaireTecnimont SpA ( (IT:MAIRE) ) has provided an update.

MAIRE’s Tecnimont unit has secured a USD 50 million contract through subsidiary Tecnimont Services to conduct a revamping and modernization study of the 150,000-barrel-per-day Guaracara refinery in Point-à-Pierre, Trinidad and Tobago. The selection underscores Tecnimont’s experience in complex upgrading projects and consolidates MAIRE’s strategy of expanding its geographical footprint in Central America.

The scope includes a full technical and operational assessment of the refinery, evaluation of energy efficiency and environmental performance, and the design of advanced water collection and cooling systems in line with international standards. Based on this work, Tecnimont will prepare preliminary CAPEX and OPEX estimates to support revamping and restart, with Phases 1 and 2 due by early 2027 and potential follow-on FEED, EPC and O&M roles that could deepen MAIRE’s long-term involvement and deliver economic and skills benefits to the local market.

The most recent analyst rating on (IT:MAIRE) stock is a Buy with a EUR13.50 price target. To see the full list of analyst forecasts on MaireTecnimont SpA stock, see the IT:MAIRE Stock Forecast page.

More about MaireTecnimont SpA

MAIRE S.p.A. is an Italy-based engineering group focused on technology solutions and project execution in the downstream energy, chemicals and fertilizers sectors. Operating through its Integrated E&C Solutions and Sustainable Technology Solutions units, the group targets sustainable fertilizers, low-carbon energy carriers and circular materials, with a presence in about 50 countries and a workforce of roughly 10,800 people.

Average Trading Volume: 804,030

Technical Sentiment Signal: Buy

Current Market Cap: €4.21B

See more data about MAIRE stock on TipRanks’ Stock Analysis page.