Milan-based Maire Tecnimont Group and Adani Enterprises (AEL) have today (22nd March) announced the signing of a Memorandum of Understanding (MoU) to work together in developing green hydrogen projects in India.
The agreement, signed through Maire Tecnimont’s subsidiaries NextChem, Stamicarbon and MET Development (MET DEV), will help explore the development of several industrial projects using NextChem and Stamicarbon’s technologies and MET DEV’s project development capabilities.
As part of the agreement, AEL and Maire Tecnimont Group’s subsidiaries will jointly explore the integrated opportunities for the valorisation of the renewable feedstock by utilising NextChem’s and Stamicarbon’s technologies for chemicals, ammonia and green hydrogen applied to the chemicals value chain.
Pierroberto Folgiero, Maire Tecnimont Group and NextChem CEO, said, “India, our second home, is playing an increasingly strategic role in the green acceleration roadmap which Maire Tecnimont Group has been implementing so far.”
“Today we take another crucial step in the green economy arena partnering with a prominent and innovative player such as AEL. We firmly see green chemistry as the future chemistry, and we are perfectly equipped to be its technology-driven enabler worldwide, also thanks to the synergies within the group.”
It is believed the agreement will enable the group to industrialise green chemistry and circular economy sectors in India with projects focusing on producing chemicals, ammonia and hydrogen from renewable feedstock.
Adani Group Advisor to Chairman Jayant Parimal commented, “Adani Group is at the forefront of India’s energy transition, and green hydrogen is a natural extension of our globally leading renewable portfolio.”
“Scaling up of the green hydrogen economy will require multiple use-cases, including green ammonia and green chemicals.”
“We are entering a new phase whereby global synergies will play a vital role in optimally harnessing renewable energy for powering future energy and industrial needs”.
This is set to be huge project with Maire Tecnimont Group having a large historical presence in India and being able to combine its portfolio of technologies with the company’s strong capabilities as an end-to-end developer of large-scale complex projects.
AEL is a part of the Adani Group, believed to be India’s largest player in the infrastructure and energy sectors, including 14GW of renewable assets under operation, construction and contracts.