MOSCOW (MRC) -- Maire Tecnimont S.p.A. announces that its main subsidiaries KT-Kinetics Technology, NextChem and Stamicarbon have been granted new awards for a total amount of approximately EUR155 million for licensing as well as engineering, procurement and construction (EPC) activities, as per the company's press release.
These contracts have been granted by prestigious international clients mainly in Europe and in the Middle East.
In particular, KT-Kinetics Technology has been awarded an EPC contract by Eni to implement two hydrogen production lines for the Venice biorefinery in Porto Marghera.
The project’s main objective is to increase the availability of hydrogen of the biorefinery to meet the needs of the EcofiningTM unit in terms of quality, quantity and availability itself, optimizing its energy efficiency. As part of a phased transition to the production of decarbonized hydrogen, the two units are designed to significantly reduce the emission of fossil CO2 into the atmosphere through the use of biogenic charges recirculated by the EcofiningTM unit.
With these new awards Maire Tecnimont Group further confirms the strong geographical diversification of its backlog and the capability of supporting its prestigious clients to ensure more efficient and environmentally better performing processes and products, thanks to its technology-driven DNA.
As MRC reported earlier, in March, 2022, Italian oil and gas company Eni and Air Liquide entered into a collaboration agreement aimed at assessing decarbonization solutions in the Mediterranean region of Europe, focusing on hard-to-abate industrial sectors. The two companies join forces to enable CO2 capture, aggregation, transport and permanent storage.
We remind that Eni is evaluating conversion of its Livorno refinery in northwest Italy into a biorefinery, as part of the Italian company's wider strategy to make its activities more environmentally sustainable. Eni has already converted two of its Italian refineries and is looking to almost double its biorefining capacity to around 2 million mt/year by 2024, and expand this to at least five times by 2050, as part of its pledge to achieve complete carbon neutrality by 2050.
Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 2,487,450 tonnes in 2021, up by 13% year on year. Shipments of all grades of ethylene polymers increased. At the same time, PP shipments to the Russian market totalled 1,494.280 tonnes, up by 21% year on year. Deliveries of homopolymer PP and PP block copolymers increased, whreas shipments of PP random copolymers decreased significantly.
Eni, abbreviation of Ente Nazionale Idrocarburi, in full Eni SpA, Italian energy company operating primarily in petroleum, natural gas, and petrochemicals. Established in 1953, it is one of Europe's largest oil companies in terms of sales.