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05-10-2022

Tecnimont, KT-Kinetics Technology and Stamicarbon awarded contracts

Maire Tecnimont S.p.A. announces 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 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.

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