- NextChem Tech will provide engineering and technology solutions to improve energy efficiency and carbon footprint of the Sulfur Recovery Complex at SATORP’s refinery
   - This agreement strengthens the relationship with SATORP and the Group’s presence in the region

MAIRE (MAIRE.MI) announces that NEXTCHEM (Sustainable Technology Solutions), through its subsidiary NextChem Tech, has been awarded a three-year contract by SATORP – a joint venture between Saudi Aramco and TotalEnergies – to provide engineering and technology services related to the Sulphur Recovery Complex of SATORP’s refinery in Jubail, Kingdom of Saudi Arabia.

Specifically, NextChem Tech will provide process and engineering advisory services to enhance performance, support operational troubleshooting, and improve energy efficiency and the carbon footprint of the three units (Sulfur Recovery Unit, Amine Regeneration Unit and Sour Water Stripper) which compose the Sulphur Recovery Complex.

The services will also include recommendations for capital investment opportunities, design enhancements, and technology improvements. This award reinforces NEXTCHEM's position as reliable technology and process leader, recognized for its expertise and commitment to continuous R&D and innovation.

Alessandro Bernini,CEO of MAIRE, commented: “This collaboration marks a significant milestone in our ongoing efforts to drive sustainability and efficiency in the refining industry. This agreement not only strengthens our relationship with SATORP, after TECNIMONT's multibillion-dollar petrochemical expansion project awarded in June 2023 – so called Amiral project –, but also underscores our commitment to delivering cutting-edge engineering and technology solutions that reduce environmental impact.”

About Maire

MAIRE S.p.A. is a leading technology and engineering group focused on advancing the Energy Transition. We provide Integrated E&C Solutions for the downstream market and Sustainable Technology Solutions, the latter through three business lines: Sustainable Fertilizers, Low-Carbon Energy Vectors, and Circular Solutions. With operations across 45 countries, MAIRE employs over 9,300 people, supported by a global network of 20,000 project partners. MAIRE is listed on the Milan Stock Exchange (ticker “MAIRE”).

About SATORP

The Saudi Aramco Total Refining and Petrochemical Company (SATORP) is one of the most advanced refineries in the world, with a processing capacity of 460,000 barrels per day of Arabian Heavy Crude to produce petroleum and petrochemical products with a commitment to the highest standards of Health, Safety, and Environment. This world-class refinery was founded by the expertise of the two oil giants, Saudi Aramco and TotalEnergies, located at Jubail Industrial City in the Eastern Province of Saudi Arabia. The founding Shareholders are in the process of a strategic expansion to construct a petrochemical complex that will be integrated with SATORP’s existing refinery for maximum operational synergy.