PR Newswire
08 Sep 2022, 13:30 GMT+10
MILAN, Sept. 8, 2022 /PRNewswire/ -- Maire Tecnimont S.p.A. announces that its subsidiary NextChem has been awarded a Pre-FEED engineering services contract by MadoquaPower2X - the Portuguese/Dutch/Danish consortium led by Madoqua Renewables along with CIP's Energy Transition Fund and Power2X to develop and operate an integrated renewable hydrogen and green ammonia plant located in Sines, Portugal. The agreement was signed at Gastech at the presence of H.E. Joao Galamba, Secretary of State for Environment and Energy - Government of Portugal.
The purpose of the Pre-FEED engineering services includes early studies, technology and process review, modularity and logistics analysis, front end loading of engineering required to undertake the permitting and licensing for the project.
MadoquaPower2X will use renewable energy and 500 MW of electrolysis capacity to produce annually 50,000 tons of green hydrogen along with green ammonia plant capacity of up to 500,000 kt/y with up to 600,000 t/y CO2 emissions avoided in this initial phase. It will be located in the Sines industrial zone and will generate economic growth with an activity classified as sustainable according to the latest EU Taxonomy setting up an export energy carrier value chain between the Port of Sines (Portugal) and Northwest European destinations.
Joao Galamba, Secretary of State for Environment and Energy - Government of Portugal: "Climate neutrality by 2050 requires bold decisions on sustainable investments with a focus on energy and climate goals. We are pleased to witness this important milestone for MadoquaPower2X and Maire Tecnimont, confirming the right path to meet the goals we have set for energy transition".
Alessandro Bernini, Chief Executive Officer of Maire Tecnimont Group and NextChem: "We are proud of this agreement with MadoquaPower2X and CIP as it targets a project with a significant impact on the renewable hydrogen-based economy in Europe. This project is a great example of sustainable European energy security, connecting the renewable potential of Portugal with Northern European energy infrastructure through green hydrogen".
Rogaciano Rebelo, Chief Executive Officer - Madoqua Renewables: "We are excited to bring Maire Tecnimont and NextChem on board to accelerate the licensing and engineering phases of our project. Maire Tecnimont Group has 70 years of engineering excellence and delivered over 1,500 chemical and power plants globally, thereby demonstrating its capacity to engineer a complex first of a kind large scale electrolysis-based ammonia project".
SOURCE Maire Tecnimont S.p.A.
Get a daily dose of Sydney Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Sydney Sun.
More InformationBERLIN, Germany: Volkswagen is set to cut 1,600 jobs at its Cariad software division by the end of the year, affecting nearly 30 percent...
The principal terminal, Terminal 1, at Israel's largest airport will reopen at the end of this month, having largely been closed since...
NEW YORK, New York - The knee-jerk introduction of trade tariffs by President Donald Trump continues to rattle markets with all the...
FRANKFURT, Germany: Ford announced this week that it will inject up to $4.8 billion into its struggling German unit to stabilize its...
SEATTLE, Washington: Boeing has revamped its employee incentive plan, tying annual bonuses for more than 100,000 workers to overall...
WINNIPEG, Manitoba: Farmers in the U.S. and Canada are bracing for soaring fertilizer prices as trade tensions escalate between the...
BEIJING, China: China has announced new tariffs on Canadian agricultural and food products in retaliation for Canada's recent duties...
ENNIS, Texas: A man died, and three of his family members were injured when their RV flipped several times during a strong storm at...
One halcyon spring day in 1903, the 69-year-old anatomist and naturalist Dr. James Bell Pettigrew sat at the top of a sloping street...
WEST PALM BEACH, Florida: Air Force fighter jets have stopped a civilian plane that entered restricted airspace near Donald Trump's...
CHICAGO/WASHINGTON, D.C.: Farmers and food groups across the U.S. are laying off workers, stopping investments, and struggling to get...
SIOUX FALLS, South Dakota: A new South Dakota law banning the use of eminent domain for carbon capture pipelines has cast doubt on...