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.

Maire Tecnimont S.p.A. announces that its subsidiaries Tecnimont and Stamicarbon have been awarded several new contracts and order variations for licensing, engineer-ing services and EPC activities for an overall value of approximately USD 96 million. These contracts have been granted by interna-tional 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 Tecni-mont 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 so-lutions to reduce the carbon footprint of the global aviation indus-try. Moreover, these new contracts confirm the strong geographical diversification of our backlog and the reliability of our technology-driven value proposition.”

About Maire Tecnimont S.p.A.

Maire Tecnimont S.p.A., a company listed on the Milan Stock Exchange, heads an international industrial group that is a leader in the transformation of natural resources (plant engineering in downstream oil & gas, with technological and execution competences). Through its subsidiary NextChem, it operates in the field of green chemistry and the technologies to support the energy transition. Maire Tecnimont Group operates in about 45 countries, through approximately 50 operative companies and about 9,300 people.

About the Nigerian National Petroleum Corporation

The Nigerian National Petroleum Corporation (NNPC) is the state oil corporation which was established on April 1, 1977. In addition to its exploration activities, the Corporation was given powers and operational interests in refining, petrochemicals and products transportation as well as marketing. Between 1978 and 1989, NNPC constructed refineries in Warri, Kaduna and Port Harcourt and took over the 35,000-barrel Shell Refinery established in Port Harcourt in 1965.