Front-End Engineering Design (FEED) contract in the conventional business and a feasibility study for the production of sustainable aviation fuel (SAF) based on NextChem technology, inside the Port Harcourt Refinery in Nigeria
Milan, 28 June 2022 – Maire Tecnimont S.p.A. announces that its subsidiaries Tecnimont and Stamicarbon have been awarded several new contracts and order variations for licensing, engineering services and EPC activities for an overall value of approximately USD 96 million. These contracts have been granted by international clients in Nigeria, as well in Europe, the Middle East and the Far East.
In particular, Tecnimont has been granted a FEED contract by African Refineries Port Harcourt Limited for a 100,000 barrels per day refining plant, which is due to be operational in 2025. It will be built inside the existing Port Harcourt Refinery complex, where Tecnimont is already executing an EPC contract related to its Re-habilitation works.
The contract also includes a feasibility study for an independent section of the plant for the production of Sustainable Aviation Fuel (“SAF”, also known as Biojet), which will be based on NextChem’s portfolio of green initiatives, using biowaste as feedstock.
Alessandro Bernini, Chief Executive Officer of Maire Tecnimont Group and NextChem, commented: “We are really honored to support Nigeria both in unlocking greater value by processing its natural resources and in developing circular economy for the first time ever in the Country, as BioJet is one of the most effective solutions to reduce the carbon footprint of the global aviation industry. Moreover, these new contracts confirm the strong geographical diversification of our backlog and the reliability of our technology-driven value proposition”.