(Alliance News) – Maire Tecnimont Spa announced on Monday that its subsidiary NextChem has been awarded a feasibility study by Foresight Group for a sustainable carbon dioxide capture and methanol production plant in the waste-to-energy plant of Eta waste in Manfredonia, Puglia.
Foresight Group is a 13 billion euro fund manager that makes sustainability-focused investments and owns many assets around the world, including waste-to-energy plants, Maire explains in a note.
NextChem will be responsible for identifying the best proposal to decarbonize the plant, providing a tailor-made solution through its technology portfolio. The project aims to recover approximately 200,000 tonnes per year of carbon dioxide, currently emitted into the atmosphere, by combining it with green hydrogen to produce a sustainable fuel.
Following the feasibility study, the conclusion of the authorization process and the ensuing final investment decision, the execution of the engineering and construction phases will be carried out by the group’s subsidiaries. Mayor Tecnimont “according to an integrated approach aimed at enhancing the distinctive skills and competencies of the group”.
Alessandro Bernini, CEO of Maire Tecnimont Group and NextChem, said: “This award lays the foundation for the realization of one of the most important CO2 recovery projects in Italy, reinforcing the role of Maire Tecnimont Group as player in the decarbonisation of industry and the energy transition. We are proud to start supporting Foresight Group in achieving the sustainability objectives of the ETA factory in Manfredonia”.
Maire Tecnimont is up 1.4% to 3.69 euros per share.
Par Chiara Bruschi, journalist of Alliance News
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