PR88086

ROME, Feb. 15, 2021 /PRNewswire=KYODO JBN/ --

Maire Tecnimont S.p.A., through its subsidiary NextChem and Essential Energy

USA Corp. today have executed a Front-End Engineering Design contract as well

as a Memorandum of Understanding for the construction of a new biorefinery in

South America for the production of Renewable Diesel. Essential Energy USA Corp

is one of the leading biofuels producers in South America.

Subject to the client's Final Investment Decision, the biorefinery will produce

200,000 tpy (tons per year) of High-Quality Renewable Diesel from advanced

bio-feedstocks non in competition with food. NextChem will be the exclusive EPC

contractor. The project is expected to be operational in 2023.

The biorefinery will transform natural oil, waste vegetables oils and tallow

into HVO (Hydrogenated Vegetable Oils) also known in the market as Renewable

Diesel. The Renewable Diesel is a fuel which is chemically identical to

petroleum-based diesel with the advantage of improved performance. It is used

worldwide as a drop-in biofuel in diesel vehicles with no engine modifications.

Furthermore, the Renewable Diesel allows a Carbon Intensity reduction, for

greenhouse gas emissions, above 80 percent compared with petroleum-based diesel.

Maire Tecnimont Group has exhaustive experience in EPC contracting in Energy

Services including in South America. Additionally, NextChem has been active in

energy transition projects with a focus on deploying solutions in carbon

footprint reduction, through the development of new technologies for the

production of biofuels and biochemicals from biobased feedstock and circular

chemicals from waste.

Pierroberto Folgiero, Maire Tecnimont Group and NextChem Chief Executive

Officer, commented: "Our business in the biofuels sector and in particular on

the Renewable Diesel segment is gradually growing and South America is a very

interesting area for us. Low carbon mandates in North America and Europe will

drive strong demand and premium pricing: this, together with the availability

of proven technologies and solid EPC capabilities opens a path of market

success for such investments. We are proud to be the partner of a sector-

leader company such as Essential Energy USA Corp. in this world scale

industrial initiative which enhances the EPC capabilities of Maire Tecnimont

Group in green chemistry and the biofuels market."

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Source:  NextChem