By: ICN Bureau
Last updated : October 05, 2022 7:29 pm
Maire Tecnimont S.p.A. announces that through its subsidiaries NextChem, Stamicarbon and MET Development (MET DEV) has signed a Memorandum of Understanding with Adani Enterprises Ltd.
Maire Tecnimont S.p.A. announces that through its subsidiaries NextChem, Stamicarbon and MET Development (MET DEV) has signed a Memorandum of Understanding with Adani Enterprises Ltd. (AEL) to industrialize green chemistry and circular economy sectors in India.
The projects will be focused on producing chemicals, ammonia and hydrogen from renewable feedstock.
Under the agreement, AEL and Maire Tecnimont Group’s subsidiaries will jointly explore integrated opportunities for the valorization of the renewable feedstock by utilizing NextChem and Stamicarbon’s technologies for chemicals, ammonia, and green hydrogen applied to the chemicals value chain.
Maire Tecnimont Group will bring technological solutions and the best know-how for project development and execution, relying on its large and historical presence in India (over 2,200 engineers and approximately 3,000 electrical & instrumentation professionals in Mumbai) combined with its portfolio of technologies as well as its strong capabilities as an end-to-end developer of large-scale complex projects.
Pierroberto Folgiero, Maire Tecnimont Group and NextChem Chief Executive Officer said, "India, our second home, is playing an increasingly strategic role in the green acceleration roadmap which Maire Tecnimont Group has been implementing so far. As the country is ramping up its investments to ensure sustainable development and meet decarbonization targets, we are glad that following our previous recent agreement to foster India’s circular economy, today we take another crucial step in the green economy arena partnering with a prominent and innovative player such as AEL. We firmly see green chemistry as the future chemistry, and we are perfectly equipped to be its technology-driven enabler worldwide, also thanks to the synergies within the Group”.
Jayant Parimal, Advisor to Chairman, Adani Group said, “Adani Group is at the forefront of India’s energy transition, and green hydrogen is a natural extension of our globally leading renewable portfolio. Scaling up of the green hydrogen economy will require multiple use-cases, including green ammonia and green chemicals. They present a significant benefit not only from the environmental perspective but also in terms of supply chain resilience for India."
"We are entering a new phase whereby global synergies will play a vital role in optimally harnessing renewable energy for powering future energy and industrial needs,” added Parimal.