· Largest ultra-low energy urea plant to be licensed in China by the Group through NextChem Holding and its subsidiaries, confirming MAIRE’s technological leadership in sustainable and energy-efficient solutions.

Milan, 19 April 2023Maire Tecnimont S.p.A. (MAIRE) announces that some of its Sustainable Technology Solutions subsidiaries, which are directly controlled by NextChem Holding, have been awarded several new contracts for technology licensing and engineering services for an overall value of approximately USD 90million. These contracts have been granted by international clients mainly in Europe and the Far East.

In particular, Stamicarbon, NextChem Holding's innovation and licensing company engaged in nitrogen technologies, has been awarded licensing, process design package and equipment supply contracts for an Ultra-Low Energy grassroots urea plant in the Jiangxi province, China. This will be the largest Ultra-Low Energy plant with a design capacity of 3,850 metric tons per day and the seventh one globally based on Stamicarbon’s proprietary innovative design, which allows steam consumption to be reduced by about 35% and cooling water consumption by about 16% compared to traditional processes.