NextChem and MET Development have reached an agreement with FerSam Uruguay to develop projects for the production of green ammonia and bioethanol in Latin America.
Under the agreement, Maire Tecnimont Group’s subsidiaries and FerSam will undertake feasibility studies for two projects.
The first is to evaluate and assess the possibility of jointly producing green ammonia.
The companies have also agreed to develop a second-generation bioethanol project based on the GranBio technology in NextChem’s portfolio.
NextChem acquired exclusive worldwide rights to GranBio’s new 2G Ethanol technology in 2020, enabling NextChem to design and execute plants that produce second generation ethanol from non-food biomass, such as agricultural residues and leftovers from forestry.
Maire Tecnimont Group will contribute technological solutions and know-how in terms of project development, design and engineering and execution to the partnership, combined with its portfolio of technologies as well as its strong capabilities as an end-to-end developer of large-scale complex projects. Pierroberto Folgiero, Maire Tecnimont Group and NextChem CEo, said: “Reducing carbon emissions is a world’s challenge, and working with new partners on implementing the production of sustainable and low carbon biofuels from renewable energy and biomass is crucial. This agreement with FerSam is another step forward in NextChem’s green chemistry roadmap and confirms Maire Tecnimont’s capability of being an enabler of the energy transition globally. Our presence in Latin America has grown in the latest years thanks to our green acceleration and these new projects will enable us to strengthen our market positioning.”
Guglielmo Sama Ferruzzi, FerSam Group executive director, added: “With the firm belief that both investment pathways have great strategic value and possess unique sources of competitive advantage, vis-à-vis their relevant global industry landscapes, we are honoured to team-up with Maire Tecnimont in two progressive projects that have, at their respective cores, technologies that showcase how to materially reduce the carbon footprint of currently high- emitting sectors, and key business model elements that contemplate the societal well-being and economic development of our host countries.”
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