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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
Find detailed analytics on MAIRE stock on TipRanks’ Stock Analysis page.
