Nextchem’s MyRechemical awarded an engineering contract by Alia Servizi Ambientali for a waste to methanol and hydrogen plant in Empoli, Italy

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Maire Tecnimont S.p.A. announces that its subsidiary MyRechemical, NextChem’s subsidiary dedicated to Waste-to-Chemicals technologies, has been awarded by Alia Servizi Ambientali S.p.A. a basic engineering contract for a waste to methanol and hydrogen plant to be located in Empoli (Tuscany), Italy.

The scope of work includes basic engineering design of the plant and the provision of necessary documentation to start the plant’s public authorization process with the Tuscany region. The basic engineering phase is expected to be completed by the end of 2022. 

Once authorized and completed, the plant will process 256,000 tons/yr. of non-recyclable waste and will produce 125,000 tons/yr. of methanol and 1,400 tons/yr. of hydrogen. The plant will benefit from MyRechemical’s chemical conversion technology which allows the recovery of waste that cannot be mechanically recycled, or other types of unsortable dry waste (i.e. Refuse Derived Fuel – RDF). The carbon and hydrogen contained in the waste are converted through a gasification process into a synthesis gas, which is used to produce low-carbon methanol and hydrogen. This process avoids the emission of pollutants in the atmosphere. Methanol is used as an alternative fuel for sustainable mobility or as a secondary raw material in the chemicals and manufacturing industries. Hydrogen can be used in low-carbon industrial processes to decarbonize hard-to-abate and energy intensive industries.

Alessandro Bernini, Chief Executive Officer of Maire Tecnimont Group and NextChem, commented: “This is one of the more interesting waste-to-chemicals initiatives that Maire Tecnimont is developing in Italy. This is the first application worldwide of an integrated technological scheme that allows to produce methanol from waste for sustainable mobility and hydrogen that will substitute methane in glass production processes, enabling both recycling and industrial symbiosis. It responds to the core need of circular economy and creates the bases of a new era of waste as a resource”.

“It will be possible to push the limits forward in recovering material from waste only by using more technology and innovation. We have signed a strategic partnership with Maire Tecnimont, leader in the Italian chemistry tradition”, commented Alberto Irace, Chief Executive Officer of Alia, “This represents a model of strategic alliance for circularity where Maire Tecnimont, Zignago, Suez and Alia, all leading companies in technology and industry, are joining their forces to design and realize a sustainable future”.

Source: Maire Tecnimont

Nextchem awarded advanced basic engineering study by Storengy (Engie) for a new way of producing bio-methane from pyrogasification of waste wood

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Maire Tecnimont S.p.A. announces that its subsidiary NextChem has been awarded a contract by Storengy to carry out an Advanced Basic Engineering Study for a waste wood and solid recovered fuel conversion plant to produce biomethane. Once the project has reached the final investment decision targeted by the end of 2022 and is granted the related permitting, NextChem, in association with another Maire Tecnimont Group’s subsidiary, shall act as an EPC contractor for the methanation package of the project, which is set to be implemented in Le Havre, France. 

Storengy, an ENGIE subsidiary, is one of the world leaders in underground natural gas storage. Drawing on 70 years of experience, Storengy designs, develops and operates storage facilities and offers its customers innovative products. Storengy wants to become the European reference in hydrogen storage and in production of renewable gases, which are of particular relevance in the current market environment to deliver a clean, secure and affordable energy transition. 

NextChem is Maire Tecnimont Group’s company for the development of technologies in the field of green chemistry and energy transition, with a portfolio including proprietary and exclusive licensed technologies and technology integration platforms focused on three areas: reduction of pollutant and GHG emissions released from existing plants, mechanical recycling and chemical recycling, as well as technologies which use biomass or biological raw materials to produce intermediates, bio-fuels and bio-plastics.

NextChem will be responsible for the engineering and cost estimating for the syngas purification, methanation unit and methane upgrading of the plant, which will produce 11,000 tons per annum of renewable and low carbon natural gas (biomethane). French company COMESSA will be responsible for the design and supply of the chemical reactor. The technology to be used in the plant has already been successfully applied to the Gaya pilot plant near Lyon, owned by ENGIE, which validated the feasibility to produce biomethane. This will be the first commercial project in the world of its kind to inject in the grid methane produced through pyrogasification of waste wood, kick-starting the so called “second generation biomethane”.

NextChem and Storengy will also establish a broader cooperation agreement with the aim that NextChem would act as strategic partner, co-developer and co-licensor of the Gaya technology currently patented and owned by ENGIE.

Alessandro Bernini, Chief Executive Officer of Maire Tecnimont Group and NextChem, commented: “One of the main challenges today is to find solutions for the substitution of natural gas of fossil origin with sustainable alternatives: in order to reach this objective, our group is actively developing a range of solutions to produce biogas and syngas from waste. We are proud of this engagement with ENGIE that allows us to broaden our green tech portfolio and further strengthen our presence in Europe in Energy Transition”. 

Camille Bonenfant-Jeanneney, Chief Executive Officer at Storengy, commented: “Storengy salutes this agreement with Tecnimont Group and NextChem, which is a great opportunity to pursue common development projects in order to offer concrete, innovative and replicable solutions to our clients. In a carbon-neutral world, renewable gases will play an essential role to provide resiliency and flexibility to the energy system”.

Source: Maire Tecnimont

Maire Tecnimont awarded USD185 MN urea def project in the United States

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Maire Tecnimont S.p.A. announces that its main subsidiaries Tecnimont S.p.A. and Tecnimont USA has been awarded a new urea Diesel Exhaust Fluid (DEF) project in the United States, by the same leading global chemicals producer that recently awarded to Tecnimont a blue ammonia project in the Country. 

The contract value is approximately USD 185 MN. The urea DEF plant, which will be based on Stamicarbon’s proprietary technology (part of Maire Tecnimont Group), entails a 1,500 tons per day urea production unit plus the necessary utilities and facilities, including a CO2 purification plant. Project Completion is expected as early as 2025. Once completed, the plant will receive the ammonia from the above-mentioned Blue Ammonia plant.  

The plant will produce Diesel Exhaust Fluid (a high-purity urea aqueous solution, known as AdBlue® in Europe) which is added to diesel engines to limit the emission of nitrogen oxides during the combustion process, thus significantly reducing the environmental impact of such emissions. 

The contract’s scope of work includes supply of technology, full engineering activities and supply of all materials and equipment as well as construction supervision services. Construction activities will be the responsibility of an external party not belonging to Maire Tecnimont Group under a different contract, directly awarded by the client. Such contractual strategy is typically implemented in the United States to better optimize the construction activities and mitigate Maire Tecnimont Group’s risks. It also leverages Tecnimont USA’s expertise in managing complex projects, while valorizing local content in the Country.

Pierroberto Folgiero, Maire Tecnimont Group CEO, commented: ”This new contract awarded on the back of the Blue Ammonia one confirms our steady growth in the United States downstream market with innovative projects aimed at reducing the plants’ carbon footprint. These two back-to-back contracts represent the perfect example of our technology-driven strategy: leveraging synergies within our Group through Stamicarbon’s undisputed leadership in urea technology, Tecnimont’s strong capability as an EPCM contractor and our deep knowledge of the US energy arena and its players.”  

Source: Maire Tecnimont

Maire Tecnimont S.p.A. : New awards for an overall value of approximately USD 200 MN in the technology-driven core business

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Maire Tecnimont S.p.A. announces that its main subsidiaries have been granted new awards and change orders for a total amount of approximately USD 200 million for licensing, engineering and procurement (EP) services as well as engineering, procurement and construction (EPC) activities. These contracts have been granted by prestigious international clients mainly in Europe, North Africa, the Middle East, Asia and North America.

In particular KT-Kinetics Technology, the Group’s licensor and EPC contractor, has been awarded a contract extension of an existing EPC project of gas monetization currently in execution in the Zohr Gas field (Egypt), one of the most important Mediterranean hubs for the production of natural gas. With this award the Group confirms its leading expertise in the valorization of natural gas, the only transition fuel capable of progressively industrializing energy transition.

Pierroberto Folgiero, Maire Tecnimont Group CEO commented: “With these new contracts we confirm the strong geographical diversification of our backlog, as we are best equipped to leverage gas monetization trends driving investments cycles in several strategic geographies where we operate. Moreover, these new orders, which include value-added and higher-margins projects, let us also further consolidate our positioning in the core business, while providing further evidence of the resilience of our technology-driven business model”.

Source: Maire Tecnimont

Maire Tecnimont awarded USD230 MN Blue Ammonia project in the United States

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Maire Tecnimont S.p.A. announces that its main contractor Tecnimont S.p.A. has been awarded a project on an EPCM basis by a leading global chemicals producer for the implementation of a Blue Ammonia plant in the United States as part of the Country’s plan to develop its energy transition industrial vision, through Maire Tecnimont Group’s cooperation with major players in the natural resource transformation sector.

The contract value is approximately USD230 MN USD. The plant entails a 3,000 tons per day Blue ammonia synloop plus the necessary utilities and facilities. Project Completion is expected as early as 2025.

“Blue” ammonia is produced from hydrogen derived from natural gas where the CO2 by-product is captured and sequestered to comply with the most stringent environmental requirements.

The contract’s scope of work includes full engineering activities and supply of all materials and equipment as well as construction supervision services, while Construction activities will be executed by another party under a different contract, which will be directly issued by the client.  Such contractual strategy is typically implemented in the US to better optimize the construction activities and mitigate both Maire Tecnimont Group’s and client’s risks, also leveraging Tecnimont USA’s expertise in managing construction activities and local content in the United States. 

Pierroberto Folgiero, Maire Tecnimont Group CEO, commented:” This assignment is a concrete evidence of our strong positioning in the energy transition journey thanks to our technology-driven value proposition in these evolutionary times. United States represent one of the highest potential market to break the ice in industrial scale decarbonization initiatives. Blue ammonia is playing a pivotal role in the world-wide development of decarbonized value chains and we are eager to start working on this exciting project, as it will also pave the way for future opportunities driven by the Country’s large wave of investments in gas monetization and energy transition”. 

Source: Maire Tecnimont

Maire Tecnimont awarded €1.1 billion EPC contract by Rosneft for the VGO Hydrocracking Complex at the Ryazan Refinery (Russian Federation)

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Maire Tecnimont S.p.A. announces that its subsidiaries Tecnimont S.p.A and MT Russia LLC have signed an EPC contract with Rosneft for the implementation of the VGO Hydrocracking Complex at the Ryazan Refining Company’s (RORC) production site, 200 km South-East of Moscow. This contract follows the agreement signed by Maire Tecnimont and Rosneft and announced on 28th October 2021. 

The overall contract value is approximately €1.1 billion (Russian VAT excluded). The project is subject to financial closing as well as to the fulfilment of certain conditions, typical for this kind of transactions. Project total duration, expected to be typical for this kind of initiatives, will be defined and disclosed once such financial closing and the fulfilment of certain conditions are met. 

VGO stands for Vacuum Gas Oil, which is produced by vacuum distillation unit in a refinery plant. Rosneft’s subsidiary RORC is one of the largest Russian refineries by volume of refining and production output. 

The project’s scope of work entails a full range of works related to the design, supply of equipment and materials, construction, start-up and commissioning, and project finance services. Once completed, the VGO Hydrocracking Complex will have a capacity of 40,000 barrels per day serving the need of the local market according to the higher standard Class 5 regulation. The project will benefit from highly efficient technology and equipment with an automated control system to reduce the carbon footprint of the plant. 

A significant portion of the scope of work will be performed by MT Russia in its Moscow engineering centre, where Maire Tecnimont Group employs about 200 specialists currently involved in several ongoing Russian projects. Thanks to its well-established reputation as a provider of added value services to the Russian market, MT Russia represents therefore a strategic asset within the Group. 

Pierroberto Folgiero, Maire Tecnimont Group Chief Executive Officer, commented: “We are excited to start this strategic relationship with a leading player such as Rosneft, supporting its vision for the development of the Region’s value chain through technological downstream initiatives. We will put our best-in-class engineering and technological expertise and our capability in managing complexity to ensure the maximum energy efficiency and best environmentally performing standards. As part of our business DNA, our entrepreneurial and proactive approach has enabled us to further consolidate our very strong track record in the Russian Federation”.  

Source: Maire Tecnimont

Nextchem (Maire Tecnimont Group) awarded engineering works by ENI for a carbon capture plant in Italy

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Maire Tecnimont S.p.A. announced that its subsidiary NextChem has been awarded by ENI the engineering works for a carbon capture plant at the natural gas plant of Casalborsetti, in the province of Ravenna. The project could extend into a full EPC (Engineering Procurement and Construction) should certain conditions take place. The plant would be able to separate the CO2 from emissions from the natural gas plant’s turbo compressor, purifying and compressing them, thus allowing the capture of about 25,000 tons per year of carbon dioxide which would otherwise be released into the atmosphere.

The technology used for the capture of CO2 in emissions gasses operates at high efficiency and low power consumption even at low concentrations. It has already been widely used to capture emissions of hard-to-abate industrial sectors worldwide.  
NextChem has developed a range of solutions that recycle CO2 to produce new chemicals, in view of an increasingly circular economy based on industrial symbiosis.  

Pierroberto Folgiero, CEO of Maire Tecnimont and NextChem commented: “The capture of CO2, its value enhancement, and its reuse are a fundamental component in reducing greenhouse gas emissions, towards the achievement of climate goals aimed at containing global warming. In order to achieve climate neutrality by 2050, the contribution of technologies for the capture, valorization and sequestration of CO2 will be crucial. We are strongly committed to this technological segment of the energy transition, and this project demonstrates that we are on the right track as we move towards achieving our goals in our Green Energy business. We are proud to have been chosen for this project, which represents a milestone at international level that will enhance the Italian industrial supply chain”.

Source: Maire Tecnimont

Maire Tecnimont awarded three EPC contracts worth USD 3.5 billion by Borouge in Abu Dhabi, UAE

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Maire Tecnimont S.p.A. announces that its subsidiary Tecnimont S.p.A. has signed with Abu Dhabi Polymers Company Ltd. (Borouge) three EPC contracts relating to the world-class fourth expansion phase (Borouge 4) of the Ruwais polyolefins complex in Ruwais, located about 240 km west of Abu Dhabi City (Abu Dhabi, UAE).

Borouge is a joint venture between the Abu Dhabi National Oil Company (ADNOC), one of the world’s major oil and gas companies and a leading diversified energy and petrochemicals group wholly owned by the Emirate of Abu Dhabi, and Austria based Borealis, one of the world’s leading providers of advanced and circular polyolefin solutions.

The overall value of the three contracts, awarded on the basis of a competitive bidding process, is approximately USD 3.5 billion.

The three EPC Lump Sum turnkey contracts relate to the execution of three packages of the Borouge 4 project: the “polyolefin units package”, which includes two polyethylene units with a capacity of 700,000 tons per year each, and 1-hexene (1)  unit; the “cross-linkable polyethylene (2)  unit package”; the “utilities and offsites package”, which includes the utilities and offsites units for the whole Borouge 4 project. The project’s scope of work entails complete engineering services, equipment and material supply, erection and construction activities, commissioning and start up assistance. The completion in expected by 2025. Once the project is completed, the Ruwais complex will be the world’s largest single-site polyolefin facility. 

Maire Tecnimont Group has been supporting the UAE to create value by developing its energy transformation industry since the late 90s, with the first Borouge polyolefin complex (Borouge 1) completed in 2001. After three additional expansion projects in 2007, 2010 and 2018 (Borouge 2, Borouge 3, and PP5, respectively), the Group has completed the Front-End Engineering Design (FEED) services for the Borouge 4 project in 2020. Maire Tecnimont Group, leveraging its NextPlant portfolio of digital solutions, actively worked right from the FEED stage with Borouge’s team to transform their business requirements into executable digital initiatives: this will ensure excellent EPC execution and improve the operation and maintenance of the new facilities since their inception, in order to make Borouge 4 a “future-ready” industrial complex.

Pierroberto Folgiero, Maire Tecnimont Group Chief Executive Officer, commented: “We feel really honored to continue this historical, very fruitful and mutually beneficial relationship with a global leading player such as Borouge, complementing Adnoc and Borealis’ industrial vision with our technological know-how and capability of managing the complexity of very large and innovative projects. Our portfolio of digital solutions combined with our technology-driven process expertise will ensure the highest plant assets’ optimization and the best environmentally performing standards. As one of our greatest achievements, these three contracts confirm our global leadership in polyolefins and represent additional evidence of our value proposition’s reliability, when it comes to support clients in transforming natural resources into value-added industrial applications for everyday-life”.

(1) A value-added olefin, mainly used in the production of polyethylene 
(2) A form of polyethylene with very high resistance used predominantly in pipework systems such as domestic water and cooling systems, and electric cables insulation, as well as for chemical transportation.

Source: Maire Tecnimont

Maire Tecnimont and Rosneft agree to implement a project at the Ryazan refinery in the Russian Federation

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Maire Tecnimont S.p.A. announced that it has signed an Agreement of Intent with Rosneft for the implementation of a project related to the “Construction of the VGO Hydrocracking Complex” at the Ryazan Refining Company’s (RORC) production site, approximately 200 km South East of Moscow. 

The agreement was signed on the occasion of the ХIV Eurasian Economic Forum in Verona, in Italy. 

VGO stands for Vacuum Gas Oil, which is produced by vacuum distillation unit in a refinery plant. Rosneft’s subsidiary RORC is one of the largest Russian refineries by volume of refining and production output.

The project’s scope of work entails a full range of works related to the design, supply of equipment and materials, construction, start-up and commissioning, and project finance services.

The VGO hydrocracking complex will enable RORC to increase refining margins by converting heavy petroleum products into Class 5 light commercial petroleum products (gasoline, kerosene, diesel fuel). The complex includes hydrocracking units, hydrogen production units, elemental sulphur production units, and off-site facilities. All equipment has high environmental performance characteristics. The project uses modern, highly efficient technology and equipment with an automated control system to reduce the carbon footprint of the plant.

Rosneft is implementing an unprecedented program to upgrade its refineries, with more than 900 billion rubles (13 billion USD approximately) already been invested to significantly increase production of Class 5 gasoline, diesel fuel and fully meet the needs of the domestic market.

Pierroberto Folgiero, Maire Tecnimont Group Chief Executive Officer, commented: “We are really honored to put for the first time at Rosneft’s service our technological know-how as well as our engineering and construction capabilities for this strategic initiative to unlock greater value through the transformation of natural resources, while ensuring best environmentally performing standards. This achievement with a prestigious client such as Rosneft let us further consolidate our very strong track record in the Russian Federation, a market currently showing really significant investment trends in downstream”.

Source: Maire Tecnimont

Maire Tecnimont Group strenghtens its footprint in Poland with an EPC contract worth over €200 Million

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Maire Tecnimont S.p.A. announced that its subsidiary KT – Kinetics Technology S.p.A. has been awarded an EPC Lump Sum-Turn Key (Engineering, Procurement & Construction) contract by LOTOS Oil, concerning the expansion of the Gdansk Refinery aimed at improving its crude processing capability as well as ensuring higher quality and energy-efficient fuels. 

LOTOS Oil is part of the LOTOS Group, the second largest refiner in Poland, engaged in the extraction and processing of crude oil, as well as in the wholesale and retail of refined petroleum products.

The contract is worth slightly over €200 million and relates to the execution of a hydrocracking unit (Hydrocracked Base Oil plant) with associated logistic facilities, which will allow the production of Group II base oils. Project completion with fully operational facilities is expected by the first half of 2025. This innovative plant will be the second one in Europe and will be capable of treating better performing base oil groups, with a lower environmental impact. International environmental regulations are driving the need for higher quality base oils, especially in the automotive sector, where engine oil manufacturers are responding to increasing demand for low sulphur and energy-efficient products.

Pierroberto Folgiero, Maire Tecnimont Group CEO, commented: “We are delighted to continue our long-lasting, mutually beneficial cooperation with such a prestigious client, thanks to this third EPC project to be carried out within the Gdansk Refinery. With this award we further strengthen our footprint in Poland as well as our strong commitment to support the LOTOS Group in ensuring best environmentally performing processes and products”.

Source: Maire Tecnimont

Maire Tecnimont Group reaches agreement with Greenfield Nitrogen LLC for the development of a green ammonia plant in the United States

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Maire Tecnimont S.p.A. announces that its subsidiaries NextChem, MET Development and Stamicarbon have reached an agreement with US-based Greenfield Nitrogen LLC, to develop the first dedicated green ammonia plant in the US Midwest. As part of the agreement, NextChem will start a feasibility study for the 240 metric tons per day green ammonia project, utilizing renewable energy as feedstock via the intermediate production of green hydrogen. MET Development will assist Greenfield Nitrogen in the development of the project. The plant will be designed utilizing the best available technologies for the green hydrogen production together with the ammonia technology that will be provided by Stamicarbon, which earlier this year launched its new STAMI Green Ammonia technology. 

The project is the first of a series of green ammonia facilities that Greenfield Nitrogen is interested to strategically develop in the US Corn Belt. The plant and storage facility, which will be located near Garner, Iowa, will be powered by local renewable sources and will supply the ammonia to the local market, which traditionally is a large ammonia-consuming market. 

The green ammonia plant will strengthen the development of the low carbon industry in the region and is expected to save over 166,000 tons of CO2 emissions per annum. The production of around 83,000 tons of ammonia per annum will reduce the region’s dependency on the ammonia currently imported from abroad. 

Pierroberto Folgiero, Chief Executive Officer of Maire Tecnimont Group commented: “We are very pleased that Greenfield Nitrogen has chosen Maire Tecnimont as their partner of choice for this exciting project. The combination of co-developer, technology provider and EPC contractor makes Maire Tecnimont a unique player in the green ammonia market, an area that will be vital to industrialize the on-going energy transition through green hydrogen. Thanks to Greenfield Nitrogen’s experience and local presence we expect this first project to pave the way for other green industrial initiatives to come”.

Linda Thrasher, President, Greenfield Nitrogen, LLC commented: “This partnership represents a collaboration of strengths. As a development partner, Maire Tecnimont and its subsidiaries bring decades of expertise in successfully designing and executing nitrogen projects as well as creating new technology, including state-of-the-art zero-carbon facilities. Greenfield’s development expertise, operational experience, and market knowledge align well and position both companies to play a critical role in meeting the world’s decarbonization goals”.

Source: Maire Tecnimont

Maire Tecnimont Group awarded €130 MN petrochemical contract by Kazanorgsintez PJSC in the Russian Federation

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Maire Tecnimont S.p.A. announces that its subsidiaries Tecnimont Planung & Industrieanlagenbau GmbH and MT Russia LLC have been awarded by Kazanorgsintez PJSC (KOS) an EP contract (Engineering and Procurement) for the execution of a Low-Density Polyethylene (LDPE)/ Ethylene-Vinyl Acetate (EVA) plant, to be implemented inside the existing KOS facilities, located in Kazan, in the Republic of Tatarstan (Russian Federation).

KOS is one of the largest producers of polyethylene in the Russian Federation, supplying its products to 36 countries worldwide. The contract signing ceremony was held in Maire Tecnimont Group’s Milan headquarters and attended by KOS General Director Farid Minigulov and Maire Tecnimont Group CEO Pierroberto Folgiero, together with several top executives of both companies.  

The overall EP contract value is approximately €130 million. The contract is under a Lump Sum scheme for the Engineering and Procurement Services and under a Reimbursable scheme for the Equipment and Material supply. The scope of the project includes the implementation of a new LDPE/EVA Plant with a capacity of 100,000 tons per year. The Project will be mainly aimed at expanding the production capacity of polyolefins, and its completion is expected within about 40 months from the contract signing date. 

The portion of the scope of work in the Russian Federation will be performed by MT Russia in its Moscow engineering centre, where Maire Tecnimont Group employs about 200 specialists currently involved in several ongoing Russian projects. MT Russia represents therefore an asset within the Group’s network, with a well-established reputation as a provider of added value services to the Russian market. Tecnimont Planung & Industrieanlagenbau is Tecnimont’s German engineering subsidiary located in Braunschweig, highly specialized in the design of LDPE plants.

Source: Maire Tecnimont

Maire Tecnimont strengthens its footprint in Nigeria with a contract worth about USD 1.5 billion by NNPC

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Maire Tecnimont S.p.A. announces that its subsidiary Tecnimont S.p.A. has been awarded a contract by the Federal Executive Council to carry out Rehabilitation works for the Port Harcourt Refinery Company Limited, located in Port Harcourt, Rivers State, in Nigeria, which is a subsidiary of Nigerian National Petroleum Company (NNPC). 

The overall contract’s value is about USD 1.5 billion. The project entails engineering, procurement and construction (EPC) activities for a full rehabilitation of the Port Harcourt refinery complex, aimed at restoring the complex to a minimum of 90% of its nameplate capacity. The complex is composed of two refineries totaling an overall capacity of approximately 210,000 bpd (barrels per day). The project will be delivered in phases from 24 and 32 months and the final stage will be completed in 44 months from the award date. 

Pierroberto Folgiero, Maire Tecnimont Group Chief Executive Officer, commented: “With this great result we confirm the soundness of our business strategy on geography diversification, as one of its key elements is to grow and assist our clients in their revamping initiatives, leveraging on our technological know-how to ensure more efficient and environmentally better performing processes and products. It represents a testament of our technological DNA, as we are strongly increasing our focus on initiatives for the modernization of the refining sector, such as these strategic rehabilitation works. Moreover, we enhance our footprint in Nigeria and in Sub-Saharan Africa, a market with excellent downstream prospects given its demographics and the necessity to unlock greater added value from the transformation of natural resources. We are eager to keep on supporting a leading player in the area such as NNPC to develop Africa’s downstream sector.”

Source: www.mairetecnimont.com

New Awards for an Overall Value of Approximately €100 Million in the Technology-Driven Core Busines

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Maire Tecnimont S.p.A. announces that its main subsidiaries have been granted several awards for a total amount of approximately €100 million for licensing as well as engineering and procurement (EP) services. These contracts, awarded by some of the most prestigious international clients, have been granted mainly in North America, Europe, and South-East Asia.

In particular, KT – Kinetics Technology S.p.A. has been awarded an EP contract by a global engineering and construction company, consisting in the detailed engineering, procurement and delivery of three large-scale Delayed Coker Furnaces, to be installed in a new oil refinery in Mexico. The three massive coking furnaces will be delivered fully modularized and ready for site installation, and, once completed, will represent one of the world’s largest delayed coking units.

With this new achievement, KT strengthens its track record in refining and confirms its capabilities in supplying highly complex equipment, through the implementation of state-of-the-art technologies and modularization methodologies. 

Pierroberto Folgiero, Maire Tecnimont Group CEO, commented: “These awards further consolidate Maire Tecnimont’s positioning in its core business and provide sound evidence of the resilience of our technology-driven development strategy, despite Covid-19 times”.

Maire Tecnimont S.p.A.
Maire Tecnimont S.p.A., listed on the Milan Stock Exchange, heads an industrial group which leads the global natural resource conversion market (downstream oil & gas plant engineering, with technological and executive expertise). Its subsidiary NextChem operates in the field of green chemicals and technologies in support of the energy transition.  The Maire Tecnimont Group operates in approx. 45 countries, though approx. 50 operative companies and about 9,100 people. For further information: www.mairetecnimont.com.

Group Media Relations
Carlo Nicolais, Tommaso Verani
+39 02 63137603
mediarelations@mairetecnimont.it       

Investor Relations
Riccardo Guglielmetti
Tel +39 02 6313-7823
investor-relations@mairetecnimont.i

Source: mairetecnimont.com