PR89553

MILAN, May 18, 2021 /PRNewswire=KYODO JBN/ --

Maire Tecnimont S.p.A. announces that its subsidiaries MET Development,

Stamicarbon and NextChem have started work on a renewable power–to-fertilizer

plant in Kenya. MET Development has signed an agreement with Oserian

Development Company for the development of the plant at the Oserian Two lakes

Industrial Park located on the southern banks of Lake Naivasha, 100 km North of

Nairobi.

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The plant will be located near the country's largest geothermal energy basin

and will be partly powered by solar energy sources produced on-site –

displacing the need for fossil fuels – and eliminating carbon from the

production. The facility will reduce carbon emission with approximately 100,000

tons of CO2 per annum, compared to a gas-based fertilizer plant. The project

will also reduce the dependency of imported nitrogen fertilizers and substitute

around 25%, of which the total accounts for around 800 kt/a.

Maire Tecnimont Group' Stamicarbon, the innovation and license company and

world market leader in designing fertilizer plants will provide both its Stami

Green Ammonia Technology to produce ammonia and its Nitric Acid technology as

an integrated technology package for the manufacturing of nitrate fertilizer.

The technology configuration - which is characterized by a modularized approach

and is therefore ideal for small scale facilities – will be the first of its

kind, although based on proven technology.

The project has started preliminary engineering works and NextChem aims to

start the Front-End Engineering Design (FEED) by the end of 2021.  The goal is

to start commercial operation of the plant in 2025, which will be dedicated to

local Kenyan agri-business.

The project will utilize approximately 70 MW of renewable power, will create

the starting point for locally produced Kenyan fertilizer and is expected to

directly generate over one hundred jobs in the region, while supporting the

broader economy and its farmers.

Pierroberto Folgiero, Chief Executive Officer of Maire Tecnimont Group

commented: "We are pleased to announce the start of this exciting project with

a pioneering player such as Oserian Development Company. With this strategic

initiative we aim to unlock the potential of decarbonizing the fertilizer

industry using renewable energy as a feedstock. With this first very promising

initiative we confirm our expertise in project development in green energy, by

acting as an end-to-end developer and technological integrator capable of

connecting the key factors which are necessary to industrialize the green

economy globally."

SOURCE  Maire Tecnimont S.p.A.