Maire Tecnimont S.p.A. (Rome, Italy), through its subsidiaries NextChem, Stamicarbon, and MET Development (MET DEV) has signed a Memorandum of Understanding (MoU) 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.
Indian National Stock Exchange-listed AEL is part of the Adani Group. AEL is strongly committed to enabling the renewable transition via its 3.2 GW of existing and planned annual solar panel manufacturing capability and incubation of innovative environmentally friendly technologies.
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.