Italy-headed industrial group Maire Tecnimont S.p.A. has announced that its subsidiary NextChem S.p.A. has been awarded a Feasibility Study by Foresight Group for a carbon capture and sustainable methanol synthesis plant to be located at the E.T.A. Energie Technologie Ambiente S.r.L Manfredonia waste-to-energy plant in Puglia, in southeast Italy.
Foresight Group is a EUR 13 billion sustainability-led, alternative assets fund manager invested in several assets globally including waste-to-energy (WtE) plants.
The Group acquired a 90 percent stake in the Manfredonia plant in 2021.
NextChem will be responsible for identifying the best decarbonization proposal for the plant, providing a tailored solution thanks to its technological portfolio.
The project aims to valorize about 200 000 tonnes per annum of carbon dioxide (CO2) emissions by combining it with green hydrogen for the production of methanol.
Upon completion of the Feasibility Study, the successful finalization of the permitting process as well as the subsequent final investment decision (FID), the execution of the engineering and construction phases will be carried out by other Maire Tecnimont Group’s subsidiaries, under an integrated approach aimed at valorizing distinctive skills and competences within the Group.
This award sets the basis for the realization of one of the main projects for CO2 valorization in Italy, strengthening Maire Tecnimont Group’s role as an energy transition enabler. We are eager to start supporting Foresight Group in achieving its sustainability goals within the ETA Manfredonia plant, commented Alessandro Bernini, CEO of Maire Tecnimont Group and NextChem.
