Maire Tecnimont S.p.A. has signed an MOU through its subsidiaries NextChem, Stamicarbon and MET Development (MET DEV) 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 to industrialize green chemistry and circular economy sectors in India. The projects will be focused on producing chemicals, ammonia and hydrogen from renewable feedstock.

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 its know-how for project development and execution, relying on its large and historical presence in India combined with its portfolio of technologies as well as its capabilities as an end-to-end developer of large-scale complex projects.

Indian National Stock Exchange-listed AEL is part of the Adani Group, India’s largest player in the infrastructure and energy sectors, including 14 GW of renewable assets under operation, construction and contracts. AEL is 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.