MAIRE Secures $125M Contract for Hydrogen Unit in Malaysia

MaireTecnimont SpA ( (IT:MAIRE) ) has provided an update.

MAIRE announced that its subsidiary, KT-Kinetics Technology, has secured a contract to provide engineering, procurement, construction, and commissioning services for a hydrogen unit at the Pengerang Biorefinery in Malaysia, valued at USD 125 million. The project, which utilizes NEXTCHEM’s NX Reform technology, aims to produce sustainable hydrogen for the biorefinery’s production of sustainable aviation fuel and hydrogenated vegetable oils. This development reinforces MAIRE’s role in the energy transition and its commitment to supporting sustainable fuel production, positioning it as a leader in renewable fuel technologies.

More about MaireTecnimont SpA

MAIRE S.p.A. is an engineering group focused on developing and implementing innovative technologies to support the energy transition. The company provides integrated engineering and construction services and sustainable technological solutions through its business lines: Sustainable Fertilizers, Low-Carbon Energy Vectors, and Circular Solutions. MAIRE operates in 45 countries with a workforce of over 9,300 employees and is listed on the Milan Stock Exchange.

YTD Price Performance: 5.21%

Average Trading Volume: 2,941

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €2.86B

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