Maire Tecnimont Group's NextChem and MYTILINEOS Agreed to Carry Out a Feasibility Study for the Development of a Green Hydrogen Production Plant
Maire Tecnimont Group's NextChem and MYTILINEOS Agreed to Carry Out a Feasibility Study for the Development of a Green Hydrogen Production Plant in Italy
PR89623
ROME, May 20, 2021 /PRNewswire=KYODO JBN/--
Maire Tecnimont's NextChem and MYTILINEOS' Renewable and Storage Development
Business Unit (RSD BU) have signed an agreement today to develop engineering
activities for the implementation of a green hydrogen plant via electrolysis in
Italy.
NextChem is Maire Tecnimont's subsidiary for green chemistry and technologies
for the Energy Transition. MYTILINEOS, through its RSD BU is a market leader in
the development, construction and operation of utility-scale solar and hybrid
power projects.
Under the agreement, the RSD BU will leverage NextChem's and Maire Tecnimont
Group's know-how and engineering expertise in hydrogen technologies to grow in
the hydrogen business.
The project, which will convert renewable energy from one of MYTILINEOS' solar
plants into green hydrogen, to be followed by other plants as well, aims to
provide local off-takers with a carbon neutral energy carrier alternative that
could allow for effective decarbonization including in hard-to-abate industrial
sectors.
Pierroberto Folgiero, Chief Executive Officer of Maire Tecnimont Group and
NextChem, commented: "NextChem is a front runner in the development of a
hydrogen-based green economy: we have four technological solutions for hydrogen
production in our portfolio, with different levels of carbon intensity. Among
these, green hydrogen is the most ambitious one from an economic and
environmental point of view and we are already working on it, both in Italy and
abroad. This collaboration with MYTILINEOS is extremely promising and gives us
the opportunity to demonstrate the benefits of an approach aimed at creating
integrated platforms of plant solutions for the energy transition."
Nikos Papapetrou, General Manager of the RSD Business Unit stated: "Italy
represents one of our key markets in Europe and we are excited to start the
development of our first Green Hydrogen Pilot Project in partnership with
Nextchem in the Country. We aim to expand this Business Model in all the
countries where we are currently developing Renewable Energy Systems (RES). We
are privileged to be able to provide our contribution to the green hydrogen
energy strategy that has been worldwide identified as one of the main pillars
of the energy evolution. Promoting the development of green hydrogen is a
tangible demonstration of our commitment to accelerate the energy transition
and decarbonisation."
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SOURCE: NextChem
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