Maire Tecnimont's subsidiaries presented with new awards

Published by Joe Toft, Editorial Assistant
World Coal, Friday, 07 October 2022 11:00

Maire Tecnimont S.p.A. has announced that its main subsidiaries, Tecnimont, KT-Kinetics Technology and Stamicarbon, have been granted new awards for a total amount of approximately €200 million 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 Ltd, Tecnimont’s Indian subsidiary, has been awarded a detailed feasibility study by Adani Group for a carbon capture unit to be implemented inside a thermal power plant located in Mundra, 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 Ltd’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 decarbonisation technologies on a path to achieving their future ESG objectives.

Read the article online at: https://www.worldcoal.com/mining/07102022/maire-tecnimonts-subsidiaries-presented-with-new-awards/

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