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  • Maire Tecnimont and Adani Enterprises to join forces on Green Hydrogen Project in India

Maire Tecnimont and Adani Enterprises to join forces on Green Hydrogen Project in India
Renewables | 23 March 2021

Maire Tecnimont S.p.A. reported that 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 advancement of industrial projects utilizing NextChem and Stamicarbon's technologies and MET DEV's project development abilities and expertise to industrialize green chemistry and circular economy sectors in India. The ventures will be centered around producing chemicals, ammonia and hydrogen from renewable feedstock.

Indian National Stock Exchange-listed AEL is an essential part of the Adani Group, perhaps one of India’s largest players in the infrastructure and energy sectors, including 14 GW of renewable assets under operation, construction, and contracts. AEL is strongly dedicated to empowering the renewable transition through its 3.2 GW of existing and planned annual solar panel manufacturing capability and incubation of innovative environmentally friendly technologies.

AEL and Maire Tecnimont Group's subsidiaries under the agreement will together explore integrated opportunities for the valorization of the renewable feedstock by using NextChem's and Stamicarbon's technologies for chemicals, ammonia, and green hydrogen applied to the chemicals value chain. Maire Tecnimont Group will bring innovative solutions and the best ability for project development and execution, depending on its huge and historical presence in India (more than 2200 engineers and approximately 3000 electrical and instrumentation professionals in Mumbai, India) combined with its portfolio of technologies as well as its strong capabilities as an end-to-end developer of large-scale complex projects.

"India, our second home, is playing an increasingly strategic role in the green acceleration roadmap which Maire Tecnimont Group has been implementing so far. As the nation is sloping up its investments to guarantee sustainable development and meet decarbonization targets, we are glad that following our previous recent agreement to foster India's circular economy, today we make another pivotal step in the green economy field partnering with a prominent and innovative player such as AEL,” Pierroberto Folgiero, Maire Tecnimont Group, and NextChem Chief Executive Officer, remarked.

Jayant Parimal, Advisor to Chairman, Adani Group remarked, "Adani Group is at the forefront of India's energy change, and green hydrogen is a natural extension of our globally leading renewable portfolio. Scaling up the green hydrogen economy will require various use-cases, including green ammonia and green chemicals. They present a huge advantage from the natural viewpoint as well as far as store network versatility for India.”

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