Maire Tecnimont Group and Adani Enterprises (AEL) have announced the signing of a Memorandum of Understanding (MoU) to collaborate in developing green hydrogen projects in India.
The agreement, signed through Maire Tecnimont’s subsidiaries NextChem, Stamicarbon, and MET Development (MET DEV), will help explore the development of numerous industrial projects using NextChem and Stamicarbon’s technologies and MET DEV’s project development capabilities.
As part of the agreement, AEL and Maire Tecnimont Group’s subsidiaries will mutually explore the integrated opportunities for the valorization of the renewable feedstock by exploiting NextChem’s and Stamicarbon’s technologies for chemicals, ammonia, and green hydrogen applied to the chemicals value chain.
Pierroberto Folgiero, Maire Tecnimont Group, and NextChem CEO said, “India, our second home, is playing an increasingly strategic role in the green acceleration roadmap which Maire Tecnimont Group has been implementing so far.”
“Today we take another crucial step in the green economy arena partnering with a prominent and innovative player such as AEL. We firmly see green chemistry as the future chemistry, and we are perfectly equipped to be its technology-driven enabler worldwide, also thanks to the synergies within the group.”
It is believed the agreement will facilitate the group to industrialize green chemistry and circular economy sectors in India with projects concentrating on producing chemicals, ammonia, and hydrogen from renewable feedstock.
Jayant Parima, Advisor to Chairman, Adani Group stated, “Adani Group is at the forefront of India’s energy transition, and green hydrogen is a natural extension of our globally leading renewable portfolio.”
“Scaling up of the green hydrogen economy will require multiple use-cases, including green ammonia and green chemicals.”
“We are entering a new phase whereby global synergies will play a vital role in optimally harnessing renewable energy for powering future energy and industrial needs”.