Maire Tecnimont S.p.A. announces that its main subsidiaries have been granted new awards and change orders for a total amount of approximately USD 200 million for licensing, engineering and procurement (EP) services as well as engineering, procurement and construction (EPC) activities. These contracts have been granted by prestigious international clients mainly in Europe, North Africa, the Middle East, Asia and North America.

In particular KT-Kinetics Technology, the Group’s licensor and EPC contractor, has been awarded a contract extension of an existing EPC project of gas monetization currently in execution in the Zohr Gas field (Egypt), one of the most important Mediterranean hubs for the production of natural gas. With this award the Group confirms its leading expertise in the valorization of natural gas, the only transition fuel capable of progressively industrializing energy transition.

Pierroberto Folgiero, Maire Tecnimont Group CEO commented: “With these new contracts we confirm the strong geographical diversification of our backlog, as we are best equipped to leverage gas monetization trends driving investments cycles in several strategic geographies where we operate. Moreover, these new orders, which include value-added and higher-margins projects, let us also further consolidate our positioning in the core business, while providing further evidence of the resilience of our technology-driven business model”.

About Maire Tecnimont

Maire Tecnimont S.p.A., listed on the Milan Stock Exchange, heads an industrial group which leads the global natural resource processing industry (downstream oil & gas plant engineering, with technological and executive expertise). Its subsidiary NextChem operates in the field of green chemicals and technologies in support of the energy transition. The Maire Tecnimont Group operates in 45 countries, through 50 companies and about 9,100 people.