New awards for an overall value of approximately €200 MM in Maire Tecnimont’s technology-driven business
Maire Tecnimont announced that its main subsidiaries Tecnimont, KT-Kinetics Technology and Stamicarbon have been granted new awards for a total amount of approximately €200 MM for licensing as well as engineering, procurement and construction (EPC) activities. These contracts have been awarded by leading international clients based in a wide spectrum of countries, from North America to the Far East.
In particular, Tecnimont Private Limited, Tecnimont’s Indian subsidiary, has been awarded by Adani Group a Detailed Feasibility Study for a carbon capture unit to be implemented inside a thermal power plant located in Mundra, in India. The objective is to integrate a carbon capturing unit inside Adani’s currently operating thermal power plant, enabling the production of low carbon chemicals, such as urea and methanol. A task force combining Tecnimont Private Limited’s engineering capabilities with NextChem’s strong technological know-how will carry out the study.
With these new awards Maire Tecnimont Group further confirms the strong geographical diversification of its backlog as well as the reliability of its technology-driven business model. Moreover, the award granted by Adani Group is a further testament to the Group's leadership in helping its clients implement effective decarbonization technologies today on a path to achieving their future ESG objectives.
Related News
- John Cockerill, Johnson Matthey and ETFuels partner for 120,000-tpy Texas (U.S.) e-methanol project
- Digital Exclusive (sponsored): NXRe™: A novel recycling technology to support the plastics industry in creating efficient and effective circular value chains
- Portugal's Galp plans to start producing biofuels in 2026
- Dow Chemical, Innventure to collaborate on waste-to-value platform
- Technip Energies, LanzaTech awarded U.S. DOE funding for breakthrough CO2-to-ethylene technology
- Verde Clean Fuels receives $50-MM investment from Cottonmouth Ventures for the potential development of GTG plants in the Permian Basin (U.S.)
Comments