Milan, 02 July 2024 – MAIRE (MAIRE.MI) announces that NEXTCHEM (Sustainable Technology Solutions) has been awarded new contracts for an overall value of approximately EUR 30 million by leading international clients mainly in the Middle East and Europe.

Among the new contracts, NEXTCHEM’s subsidiary Stamicarbon, the Group’s nitrogen technology licensor, has been awarded a contract by a major Middle Eastern fertilizer producer to design and supply a state-of-the-art High Pressure Pool Condenser, featuring the latest technology and design improvements.

Additionally, CONSER, NEXTCHEM’s subsidiary and the Group’s biodegradable plastics technology licensor, has been awarded by a prominent client in the Middle East a feasibility study based on NX CONSER Duetto proprietary technology. This solution will allow to upgrade an existing line by shifting to the production of a biodegradable monomer.

The new contracts also include a number of high value added engineering services for prominent clients in different geographies.

Alessandro Bernini, MAIRE CEO, commented: “We are proud of these significant achievements, which confirm our capability to improve traditional infrastructure through our technologies as part of the energy transition roadmap. These upgrades enhance energy efficiency, minimize environmental impacts, and ensure the highest safety standards also thanks to our state-of-the-art proprietary equipment."