NextChem, Stamicarbon and MET Development sign MOU to develop projects in India

In Italy, Maire Tecnimont S.p.A. announced that through its subsidiaries NextChem, Stamicarbon and MET Development (MET DEV), it has signed a Memorandum of Understanding with ADANI ENTERPRISES Ltd (AEL) to explore the development of industrial projects using NextChem and Stamicarbon’s technologies and MET DEV’s project development capabilities and expertise 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’s 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.