Italy-headed industrial group MARIE S.p.A (MARIE Group) has announced that its Group subsidiaries TECNIMONT and NextChem have signed a Memorandum of Cooperation (MoC) with Samruk-Kazyna, the sovereign wealth fund of Kazakhstan that will focus on the development of strategic projects, encompassing both conventional and green energy initiatives, decarbonization solutions and the enhancement of in-country value.
According to a statement, the MoC envisages the parties’ cooperation in downstream projects, including conventional and green energy initiatives, in the implementation of decarbonization solutions for Samruk-Kazyna industrial subsidiaries and the valorization of the local supply chain.
This collaboration will leverage the MAIRE Group’s expertise, drawing on TECNIMONT’s proven capabilities in executing large-scale projects and NextChem’s proprietary technologies and know-how in sustainable innovation, to offer advanced engineering and technological solutions aligned with Kazakhstan’s sustainability objectives.
Other areas of cooperation include the valorization of young professionals through internship programs in partnership with Kazakhstani universities, as well as in-country value initiatives aimed at developing the local supply chains.
According to the MoC, the MAIRE group will also establish a regional engineering and operating hub, which will support several strategic initiatives, among which is the execution of a petrochemical project, which was awarded to TECNIMONT in early 2025.
The project is related to the development of a polyethylene production plant in the Atyrau region, to be completed by the end of 2028.
We are proud and honored to start this cooperation in Kazakhstan with Samruk-Kazyna and its industrial subsidiaries. TECNIMONT’s well-respected leadership in engineering and execution in the downstream energy sector, as well as NextChem’s technological portfolio, have been instrumental in entering a strategic market such as Central Asia, where we see opportunities to support the local sustainability goals and economic modernization, said Alessandro Bernini, CEO of MAIRE.
