15-05-2024
NEXTCHEM completes the acquisition of GasConTec
Further to the announcement made on 4 March 2024, MAIRE announces that NEXTCHEM has finalized the acquisition of 100% of GasConTec GmbH, an innovative company specialized in technology development and process engineering. Founded in 2017, GCT is located in Bad Homburg, Germany.
GCT has over 80 patents and extensive expertise in the synthesis of low-carbon products such as hydrogen, methanol, olefins, gasoline and integrated methanol-ammonia processes. The company’s portfolio includes the Autothermal Reforming, a well-established technology, that can generate low-carbon hydrogen with very high carbon capture rates. This process achieves high hydrogen yields while reducing external energy needs, ensuring efficiency and cost-effectiveness, especially for large-scale plants. Also known for its expertise in process engineering, the company has access to a German-based industrial-scale demonstration plant for high-pressure partial oxidation, which is a global standard for the industry.
GCT’s distinctive technologies will complement and significantly strengthen NEXTCHEM’s commercial offering in the low-carbon, green and circular solutions.
The agreement provides for an overall consideration of €30 million, including: i) €15 million to be paid within 2 years linked to specific milestones, of which €5 million paid today; ii) earn-outs up to €15 million, based on the execution and performance of certain licensing agreements related to GCT technologies within 7 years from closing.
Alessandro Bernini, MAIRE CEO, commented: “This acquisition marks an important step in NEXTCHEM's path to enhance and expand its unique technology portfolio. GasConTec brings distinctive solutions able to effectively meet our clients' current and future decarbonization needs, in line with MAIRE's positioning as industrial enabler of the energy transition.”
News Category:
-
Clariant's MegaZonE™ technology delivers strong performance at CNOOC's methanol plant
Clariant, a sustainability-focused specialty chemical company, today announced that its MegaZonE technology is delivering excellent performance on the methanol plant ...
23-07-2024
-
Borouge, ADNOC and Borealis agreement for speciality polyolefins complex in China
Borouge Plc, a leading petrochemicals company providing innovative and differentiated polyolefins solutions, today announced an acceleration of its growth plans in its ...
23-07-2024
-
ClearSign Technologies announces order for multi heater project for Texas petrochemical facility
ClearSign Technologies Corporation, an emerging leader in industrial combustion and sensing technologies that improve energy, operational efficiency and safety while ...
22-07-2024
-
Shell Blue Horizons project selects Blue ammonia technology from KBR
KBR announced today its blue ammonia technology has been selected by Shell for its Blue Horizons low-carbon hydrogen and ammonia project in Duqm, Oman. The facility will ...
22-07-2024
-
IPSMR® process technology delivers first LNG at New Fortress Energy’s Fast LNG project
Chart Industries Inc, a leading global solutions provider to clean energy and industrial gas markets, announces that its Integrated Pre-Cooled Single Mixed Refrigerant ...
22-07-2024
-
Linggu Chemical awards Stamicarbon contract to improve energy efficiency of a urea plant
Stamicarbon, the nitrogen technology licensor of MAIRE S.p.A, has been selected by Linggu Chemical Co. Ltd, a leading Chinese manufacturer of agricultural chemical products, ...
22-07-2024
-
McDermott selected for the first commercial green hydrogen and ammonia production facility
McDermott has been awarded an Early Contractor Involvement agreement from Abraxas Power Corporation for the Exploits Valley Renewable Energy Corporation project located ...
17-07-2024
-
ExxonMobil introduces Enable™ 1617 performance polyethylene
ExxonMobil today announced the launch of its Enable™ 1617 performance polyethylene (PE) grade. Ideal for thin-gauge hand wrap applications, the new resin is designed ...
17-07-2024
-
Rompetrol modernises delayed coking unit at Petromidia refinery
Rompetrol Rafinare, a KMG International Group member company, has recently finalized modernizing the Delayed Coking Unit of the Petromidia refinery, by implementing a ...
17-07-2024
-
Hexagon, the global leader in digital reality solutions, combining sensor, software and autonomous technologies, today announced the launch of HxGN SDx2, a cloud-native, ...
17-07-2024