PR97711

NEXTCHEM (MAIRE TECNIMONT GROUP) AWARDED PRE – FEED ENGINEERING SERVICES CONTRACT FOR THE INTEGRATED RENEWABLE HYDROGEN AND GREEN AMMONIA BY MADOQUAPOWER2X IN SINES, PORTUGAL

MILAN, Sept. 8, 2022 /PRNewswire=KYODO JBN/ --

Maire Tecnimont S.p.A. announces that its subsidiary NextChem has been awarded

a Pre-FEED engineering services contract by MadoquaPower2X – the

Portuguese/Dutch/Danish consortium led by Madoqua Renewables along with CIP's

Energy Transition Fund and Power2X to develop and operate an integrated

renewable hydrogen and green ammonia plant located in Sines, Portugal. The

agreement was signed at Gastech at the presence of H.E. Joao Galamba, Secretary

of State for Environment and Energy – Government of Portugal.

The purpose of the Pre-FEED engineering services includes early studies,

technology and process review, modularity and logistics analysis, front end

loading of engineering required to undertake the permitting and licensing for

the project.

MadoquaPower2X will use renewable energy and 500 MW of electrolysis capacity to

produce annually 50,000 tons of green hydrogen along with green ammonia plant

capacity of up to 500,000 kt/y with up to 600,000 t/y CO2 emissions avoided in

this initial phase. It  will be located in the Sines industrial zone and will

generate economic growth with an activity classified as sustainable according

to the latest EU Taxonomy setting up an export energy carrier value chain

between the Port of Sines (Portugal) and Northwest European destinations.

Joao Galamba, Secretary of State for Environment and Energy – Government of

Portugal: "Climate neutrality by 2050 requires bold decisions on sustainable

investments with a focus on energy and climate goals. We are pleased to witness

this important milestone for MadoquaPower2X and Maire Tecnimont, confirming the

right path to meet the goals we have set for energy transition".

Alessandro Bernini, Chief Executive Officer of Maire Tecnimont Group and

NextChem: "We are proud of this agreement with MadoquaPower2X and CIP as it

targets a project with a significant impact on the renewable hydrogen-based

economy in Europe. This project  is a great example of sustainable European

energy security, connecting the renewable potential of Portugal with Northern

European energy infrastructure through green hydrogen".

Rogaciano Rebelo, Chief Executive Officer – Madoqua Renewables: "We are excited

to bring Maire Tecnimont and NextChem on board to accelerate the licensing and

engineering phases of our project. Maire Tecnimont Group has 70 years of

engineering excellence and delivered over 1,500 chemical and power plants

globally, thereby demonstrating its capacity to engineer a complex first of a

kind large scale electrolysis-based ammonia project".

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Source: Maire Tecnimont S.p.A.