New Awards for €155M in the Technology-Driven Core Business

Maire Tecnimont S.p.A. announces that its main subsidiaries KT-Kinetics Technology, NextChem and Stamicarbon have been granted new awards for a total amount of approximately €155 million for licensing as well as engineering, procurement and construction (EPC) activities. These contracts have been granted by prestigious international clients mainly in Europe and in the Middle East.

In particular, KT-Kinetics Technology has been awarded an EPC contract by Eni to implement two hydrogen production lines for the Venice biorefinery in Porto Marghera. The project’s main objective is to increase the availability of hydrogen of the biorefinery to meet the needs of the EcofiningTM (1) unit in terms of quality, quantity and availability itself, optimizing its energy efficiency. As part of a phased transition to the production of decarbonized hydrogen, the two units are designed to significantly reduce the emission of fossil CO2 into the atmosphere through the use of biogenic charges recirculated by the EcofiningTM unit.

With these new awards Maire Tecnimont Group further confirms the strong geographical diversification of its backlog and the capability of supporting its prestigious clients to ensure more efficient and environmentally better performing processes and products, thanks to its technology-driven DNA.

(1) The EcofiningTM system transforms raw materials of biological origin into high-quality biofuels.