2021 FACTS & FIGURES
ENERGYPROCESSING
GRAPHIC DESIGN Visualmade, Milano
PHOTOS
Carlo Nicolais Group Institutional Relations, Communication & Sustainability Vice President
Patrizia Sciglitano Graphic Supervisor
Maire Tecnimont Group Image Bank
EDITED BY Group Institutional Relations, Communication & Sustainability
Massimo Dapoto Editorial Coordinator
CONTENTS4213 HAPPENTRANSITIONTHEMAKINGMILESTONESAGROWTHVALUE-DRIVENFORINNOVATINGSUCCESSYEAROFENERGY
YEAR
OUR
PURPOSE 14 OUR ENTREPRENEURIAL VALUES 16 BUSINESS MODEL 18 OUR STRATEGY 20 TECHNOLOGICAL LEADERSHIP TO ENABLE ENERGY TRANSITION 22 OUR PRESENCE IN THE WORLD 24 OUR BUSINESS OFFERING 261226894 4CHAPTER3CHAPTER2CHAPTER1CHAPTER
IN REVIEW 4 2021 GROUP HIGHLIGHTS 6 ONE-YEAR TIMELINE 8 GOVERNANCE 96 FINANCIAL HIGHLIGHTS 100 SHAREHOLDER NOTEBOOK 102 PEOPLE 70 OUR SUSTAINABILITY STRATEGY 74 OPEN INNOVATION 82 TECHNOLOGICAL PORTFOLIO 84 DIGITAL TRANSFORMATION 85 HEALTH, ENVIRONMENTSAFETY,& ACCOUNTABILITYSOCIALCULTURE 88
PROCESSING ENERGY 2021 FACTS & FIGURES 2
4 2021 GROUP HIGHLIGHTS 6 ONE-YEAR TIMELINE 81 3 4CHAPTER3CHAPTER2CHAPTER1CHAPTER
We are confident about our prospects for market leadership both in the core business, thanks to our traditional position, and in the new energy transition sector thanks to the development of NextChem, Maire Tecnimont’s green chemistry company with a unique portfolio of technologies.
This remarkable year proved that our company is on a stable, long-term growth path. Our order intake and backlog, in both the traditional and green energy business and across a wide range of balanced geographies, will lead to the Group attaining a size in the future it has never experienced before.
With our multiple roles as technologists, contractors and entrepreneurs, we are uniquely equipped to navigate through the historical shift from a carbon intensive, centralized energy environment to a low-carbon, decentralized energy ecosystem. IN REVIEW
A YEAR MILESTONESOF
YEAR
As global economies began to recover from the Covid-19 pandemic in 2021, Maire Tecnimont achieved two new business records. Our order intake was €6.4 billion, an all-time high, driven by solid sector fundamentals. And our backlog also set a new record, reaching €9.48 billion – double the average over the ten-year 2010-2020 period - driving future growth for years to come. This extremely impressive performance is evidence of the strength of the business drivers underlying the energy sector as demand rebounded, as well as of the solid trust demonstrated in us by our current and new clients.
Maire Tecnimont transmits its “Made in Italy” know-how across its Italian and foreign supply chain, creating value at home and abroad. As we move forward with our new projects in the UAE, Nigeria, India, USA and elsewhere, we will bring our “Italian ingenuity” to these and other geographies by working with local companies and students to create the engineers of tomorrow.
Fabrizio Di Amato Maire Tecnimont Chairman and Major Shareholder
Dear all,
PROCESSING ENERGY 2021 FACTS & FIGURES
We look forward to a busy 2022 under the leadership of our new CEO and Chief Operating Officer!
NextChem can be considered also our way to embody what I like to call “humanistic engineering”. When people talk about “Made in Italy” today, it is easy to forget that Italy’s engineering prowess stretches back for centuries, even millennia. Our country’s scientific patrimony is intertwined with humanism, and this makes Italy the perfect place to develop a new engineering approach that responds to the vast environmental and social needs of our times. That’s why in 2021 we created Evolve, Maire Tecnimont Foundation which helps people understand the fundamental role that engineering can play in this era of ecological and digital transition, putting the historical, technical and cultural identity of the Maire Tecnimont Group at the service of training the next generation of humanist engineers.
Last year was a very important one for Maire Tecnimont, when we created a solid basis for the new historical records in our commercial performances. We are honored by this important recognition of our hard work, our competence, and the validity of our business model. With these remarkable results in 2021, Maire Tecnimont demonstrated its unique capability to operate across diverse geographies and in sectors stretching from petrochemicals to green chemistry.
“IN 2021 WE CREATED EVOLVE, MAIRE TECNIMONT FOUNDATION WHICH HELPS PEOPLE UNDERSTAND THE FUNDAMENTAL ROLE THAT ENGINEERING CAN PLAY IN THIS ERA OF ECOLOGICAL AND DIGITAL TRANSITION”
As the world return to near-normal in 2021, our company was quick to take advantage of market opportunities presented by the economic recovery. The energy transition came into sharper focus last year as the true challenge of our times. Current dramatic events of beginning 2022 are rapidly changing the international energy scenario and posing even tougher diversification targets for Europe, Governments and companies are increasingly looking for advanced technological solutions for the energy transition, confirming our strategic choice to set the bar high for ourselves in this rapidly evolving sector with our NextChem company.
Dear all,
I am very pleased to have been chosen to lead Maire Tecnimont as CEO and Chief Operating Officer at a time when geopolitical and energy challenges make our Group’s expertise even more mission-critical than ever.
We have seized a significant number of new awards in other geographies, from Sub-Saharan Africa to India, with a strong focus on latest technologies such as machine learning to digitalize plant processes and relevant deliverables. This exceptional and geographically-balanced order intake and backlog can pave the way for a leap in terms of size. And our green chemistry company NextChem is ready to harvest the seeds planted over the previous year in terms of licensing green technologies, engineering design and feasibility studies.
I look forward to working with our exceptional team. Let’s set new records again together this year!
Alessandro Bernini Maire Tecnimont CEO and COO
Our biggest award of 2021 was Borouge 4, a $3.5 billion contract in the United Arab Emirates to make the Ruwais facility into the world’s largest single-site polyolefin complex. At peak, we will have a team of 1,300 specialists working on this project at offices, and 19,000 workers on site. This award shows the vital importance of our execution capabilities to support Borouge in developing its petrochemicals value chain since the end of the 1990’s, and is a credit to the 40,000 people working with us overall around the world.
Last year was also a milestone in another way: an increasing number of international regulations was approved to fight global warming, making the energy transition even more important than ever. Our green chemistry company NextChem is advancing the energy transition with a portfolio of hydrogen and other green technologies. Last year was a fruitful one for NextChem, which embarked on new initiatives leveraging our decades of experience in hydrogen production and green expertise.
Looking back at 2021, what strikes me is how the flexibility and resilience shown by our Group and our people in the face of operational challenges during the Covid-19 epidemic allowed us to achieve a solid financial performance and positioned our Group for a diversification and in the meantime for managing the even more challenges situations occurred over the last weeks. As a result, last year we set new milestones for our company, with a record order intake of €6.4 billion, and we are brimming with exciting new projects. Our record €9.5 billion backlog doubled the average over 2010-2020 period.
“OUR GREEN CHEMISTRY COMPANY NEXTCHEM IS ADVANCING THE ENERGY TRANSITION WITH A PORTFOLIO OF WORKSITE-READY GREEN TECHNOLOGIES”
1 | A YEAR OF MILESTONES 4CHAPTER3CHAPTER2CHAPTER1CHAPTER
PRESENCE
we facilitate the energy
capacity to translate cutting edge research into technological solutions solving industrial challenges is our
We truly local
we offer
We don’t just talk about sustainability; we walk the talk by continuously striving to offer new solutions and technology answers to create economic development today that doesn’t threaten the environment and social equality tomorrow. ORDER €6.4INTAKEbn €2.9BACKLOGREVENUES bn
TECHNOLOGY
to the
FINANCIALS
SUSTAINABILITY
2021 GROUP HIGHLIGHTS ~45COUNTRIES 50COMPANIESOPERATING
The quintessence: transition applied
international company, with a strong
through
innovation. OFFICIALLY JOINED THE “UNITED NATIONS GLOBAL COMPACT” ITALY FOUNDING MEMBER 2011 AA RATING B RATING MORGAN STANLEY ESGINTERNATIONAL’SCAPITALRESEARCH PROJECTDISCLOSURECARBON
presence, a constantly expanding geographical footprint and a diversified business strategy across different sectors. PATENTS1,857 CENTERSINNOVATION6 PROJECTSINNOVATION~80
investor. €9.5 bn PROCESSING ENERGY 2021 FACTS & FIGURES 6
are a
With many signed projects in our pipeline, new orders steadily coming in and a history of healthy revenues an appealing value proposition discerning
TRAINING
The health of People and the protection of the environment are inherently linked in our approach to life. And it shows in both respects, in concrete ways, through our safety and environmental performance. 7 1 | A YEAR OF MILESTONES 4CHAPTER3CHAPTER2CHAPTER1CHAPTER
+3,000PROFESSIONALS IN ELECTRICAL INSTRUMENTATIONAND WORKERS OVERALL IN THE WORLD* PEOPLE The depth of our engineering and technological expertise is matched only by the cultural breadth of our People. We thrive on both complex challenges and the diversity of the People who tackle them. ~9,358~40,000 6,358 PEOPLE EMPLOYEES 3,306 DEGREEENGINEERING 76 NATIONALITIES (*) Including direct and indirect staff. (**) Who received at least one order in 2021. (***) Referred to 27 projects that best represent the business of the Group both in terms of progress and as a type of product and technology. SUPPLIERS**4,700+GOODSANDSERVICES PURCHASED LOCALLY*** €3.357% bn TOT GOODS AND SERVICES ORDERED IN THE YEAR
The creation of value goes only so far as the supply chain allows. Bad supply chain, poor value. Our strong, resilient, locally-based and flexible supply chain makes it the best transmission belt of our value. 53 mn WORKEDMAN-HOURSON SITE 1.6 mn HOURS OF TRAINING (INCL. HSE SUB-CONTRACTORS)AND
We are experts in our fields, we believe in expertise and we constantly update our skills and know-how according to the latest technical and scientific developments. (****) Referred to Home Offices and Construction Sites. (*****) Referred to Hydrocarbons Business Unit. COt59,070EMISSIONS2EQ**** LTIR ON SITE***** (LOST TIME INJURY RATE) 0.038 TRIR*****0.245 (TOTAL RECORDABLE INJURY RATE)
SUPPLY CHAIN
HSE
Maire Tecnimont Group received multi-site Social Accountability certification from Bureau Veritas Italia in accordance with the SA8000:2014 standard.
Baku (Azerbaijan)
sectorschemistryEnterprisesDevelopment teamedNextChem, Stamicarbon and METupwithAdanitoindustrializegreenandcirculareconomyinIndia.
FEBRUARY MARCH
JANUARY
PROCESSING ENERGY 2021 FACTS & FIGURES 8
KT - Kinetics Technology and Tecnimont Private Limited achieved 3 million man-hours worked without any Lost Time Injury at HPCL’s new Hydrogen Generation Unit (HGU) at Mumbai refinery.
• Morgan Stanley Capital International Research raised Maire Tecnimont’s rating to “A” from “BBB”, demonstrating the Group’s progress in achieving its ESG goals.
Milan (Italy)
ONE-YEAR TIMELINE
NextChem and Agilyx Corporation agreed to work together to support the development of advanced chemical recycling facilities for clients globally.
Oslo (Norway)
Surathkal (India)
Tecnimont and KT - Kinetics Technology signed two EPC contracts for around $160 million with a SOCAR subsidiary as part of the modernization and reconstruction of Heydar Aliyev Oil Refinery.
Rome (Italy)
KT - Kinetics Technology was awarded a third consecutive order for a Coking Furnace at a DCU Unit licensed by Bechtel, strengthening the relationship with this global leader.
SOCIAL CERTIFICATIONACCOUNTABILITY
• NextChem and Essential Energy USA Corp signed an agreement for the FEED of a new biorefinery in South America to produce renewable diesel fuel.
Milan (Italy)
Tecnimont Private Limited inaugurated a bio-waste recycling pilot plant at the National Institute of Technology Karnataka (NITK) campus in Surathkal to enforce its commitment to high level research for the energy transition in cooperation with primary universities.
Egypt
RENEWABLE DIESEL FUEL ACCORD
Mumbai (India)
DEVELOPING ADVANCED CHEMICAL RECYCLING
Grandpuits (France)
Jubail (Saudi Arabia)
KT - Kinetics Technology celebrated 50 years of excellence in process engineering, demonstrating the ability to continually adapt to the ecosystem in which it operates.
Pengerang (Malaysia)
Our teams achieved a significant HSE recognition at Rapid Package 7 & 27 project: the polypropylene and HDPE plants were awarded as “the best plant in HSE” a recognition of the COACH program promoted by PrefChem, owner of the Rapid Complex.
NextChem was a contract by TotalawardedCorbion PLA to design and engineer Europe’s first plant to produce polylactic acid (PLA) plastic from renewable resources.
• Maire Tecnimont Group launched its Sustainability Strategy focusing on eight goals for 2025, positioning itself as enabler of the energy transition worldwide.
• Maire Tecnimont Group and Leonardo signed an agreement to provide solutions for cyber security and digitalization of plant operation processes.
MAY
MET Development, Stamicarbon and NextChem signed an agreement with Oserian Development Company to work on a renewable power–to-fertilizer plant in Kenya at the Oserian Two lakes Industrial Park.
Milan (Italy)
NextChem and MYTILINEOS agreed to develop engineering activities to implement a plant of green hydrogen via electrolysis in Italy.
APRIL
Tecnimont won a $450 million contract from Indian Oil Corporation Limited (IOCL) to build a new para-xylene (PX) plant and offsite facilities.
CYBER DIGITALIZATIONSECURITYACCORD
Tecnimont won a contract worth around $1.5 billion for rehabilitation works at the Port Harcourt Refinery, enabling it to resume production.
Grandpuits (France)
Milan (Italy)
JUNE
Rome (Italy)
9 1 | A YEAR OF MILESTONES 4CHAPTER3CHAPTER2CHAPTER1CHAPTER
SUSTAINABILITY STRATEGY LAUNCHED
• Tecnimont and Siemens Italy signed a MOU to jointly offer cutting-edge digital predictive maintenance services based on machine learning algorithms.
Port Harcourt (Nigeria)
• NextChem and MET Development agreed with the FerSam Group to develop projects to produce green ammonia and bio-ethanol in Latin America.
NextChem won an engineering and design contract from TotalEnergies for a Sustainable Aviation Fuel (SAF) plant at the Grandpuits Refinery.
STRONG ORDER INTAKE
Nairobi (Kenya)
Rome (Italy)
Paradip (India)
• NextChem and Paul Wurth agreed to join forces to promote the combined use of electrolysis and syngas production in the iron and steel industry to reduce CO2 emissions.
• Maire Tecnimont agreed with AVEVA, a global leader in industrial software, to create new digital predictive and prescriptive maintenance services.
Tecnimont and Tecnimont Arabia Limited were awarded a $500 million contract by AGIC to build two polypropylene units at the Integrated PDH-PP complex.
KT - Kinetics Technology won an over €200 million contract to build a hydrocracking unit as part of the expansion of Lotos Group’s Gdansk Refinery, enabling the site to produce fuels with a lower environmental impact.
Maire Tecnimont was ranked in 6th place in ENR’s Top 225 International Design Firms and 30th in its Top 150 Global Design Firms lists.
AUGUST
KT - Kinetics Technology and Tecnimont Private Limited Team achieved another challenging milestone at 65 KTPA Hydrogen Generation Unit (HPCL HGU) project site in Mumbai: 5 million man-hours worked without any LTI (Lost Time Injury).
• Maire Tecnimont Group accelerated its digital transformation by shifting its business processes onto cloud computing with SAP’s RISE Enterprise Resource Planning program.
SEPTEMBER
municipaltechnology“waste-to-methanol”worldwideforrecyclingandindustrialwaste.
Barauni (India)
WINNING RECOGNITIONINTERNATIONAL
• Tecnimont won a €430 million contract from Repsol to build a cutting-edge polypropylene and a polyethylene plant as part of Repsol’s expansion of Sines Industrial Complex in Portugal.
Mumbai (India)
PROCESSING ENERGY 2021 FACTS & FIGURES 10
Milan (Italy)
Gdansk (Poland)
NextChem, MET Development and Stamicarbon reached an agreement with Greenfield Nitrogen LLC, to develop the first dedicated green ammonia plant in the US to strengthen the development of the low carbon industry in the Midwest region.
SIGNIFICANT ACHIEVEMENTSSAFETY
JULY
productiondevelopand
Tecnimont and TCMPL won a $170 million EPCC contract from Indian Oil Corporation Limited (IOCL), to build a new polypropylene plant and the related product logistics facilities.
Milan (Italy)
Roma (Italy)
NextChem’s subsidiary MyRechemical and Johnson Matthey will cooperate to develop
Corn Belt (USA)
• Maire Tecnimont’s main subsidiaries won around $92 million in new higher-margin contracts in North Africa, Eastern Europe, and Southern Asia.
CUTTING EDGE PLANT IN PORTUGAL
Pisa (Italy)
The Group’s 2020 Sustainability Report
Maire Tecnimont partecipated at the European Innovation Forum in LUISS University. EIF is a network of innovation managers across different industries from all over Europe.
• Maire Tecnimont signed contracts worth around €3.5 billion with Borouge for the fourth expansion phase of its Ruwais complex near Abu Dhabi City. This expansion will make Borouge 4 the world’s largest single-site polyolefin complex.
ACHIEVING RECORD ORDERS
IMPORTANT SAFETY MILESTONE
NOVEMBER
DECEMBER
Milan (Italy)
“Creating Value” won first place at the University of Pavia’s Sustainability Report Awards in the “very large companies” category.
NextChem won an engineering contract from ENI to design a carbon capture project at the natural gas plant of Casalborsetti. It could be extended into a full EPC contract.
Milan (Italy)
Milan (Italy)
OCTOBER
Rome (Italy)
11 1 | A YEAR OF MILESTONES 4CHAPTER3CHAPTER2CHAPTER1CHAPTER
NextChem and Italy’s largest steel company Acciaierie d'Italia announced a feasibility study to use NextChem’s waste-to-chemical technology to produce circular gas (syngas) in the Taranto steel mill.
NextChem and the Sant’Anna School of Advanced Studies presented new plant technologies and systems breakthroughs to implement a circular waste cycle in Tuscany.
• Maire Tecnimont unveiled Evolve, Maire Tecnimont Foundation. It will promote the company’s cultural heritage by developing the holistic concept of the “humanistic engineer” as enabler of digital and green transitions.
Rome (Italy)
Baku (Azerbaijan)
The TCM-KT JV team at SOCAR’s HAOR project site achieved another important safety milestone: 19 million man-hours worked without Lost Time Injury (LTI).
SOLUTIONSWASTE-TO-CHEMICALS
PROCESSING12 ENERGY 2021 FACTS & FIGURES
OUR PRESENCE IN THE WORLD
Maire Tecnimont is the player of choice to accelerate the energy transition. We have strengthened our core set of skills as technologists, contractors and entrepreneurs, progressively expanding our field of action from the conventional natural resources to the green sector.
Our green chemistry company NextChem is playing a role in the energy transition as a partner and coordinator in several international networks and projects, by employing its portfolio of technologies to help plants reduce greenhouse gas emissions, implement chemical recycling of plastic waste, green ammonia, and low-carbon hydrogen production.
20
HAPPENTRANSITIONTHEMAKINGENERGY
OUR PURPOSE
24
14
18
OUR STRATEGY
16
22
2613 2 | MAKING THE ENERGY TRANSITION HAPPEN 4CHAPTER3CHAPTER1CHAPTER2CHAPTER
2
In the post-pandemic economy, it has been increasingly clear that the crucial challenge is to combine the fight against climate change and the improvement of people’s well-being. World leaders at the 2021 COP26 summit agreed to accelerate the fight against global warming, and the European Union placed climate change at the center of its Next Generation EU €750 billion stimulus plan.
Companies are driving this effort by setting carbon reduction targets, and adopting the new technological solutions needed to achieve them.
BUSINESS MODEL
TECHNOLOGICAL LEADERSHIP TO ENABLE ENERGY TRANSITION
OUR BUSINESS OFFERING
OUR ENTREPRENEURIAL VALUES
PROCESSING ENERGY 2021 FACTS & FIGURES 14
A healthy environment, a sustainable economy, a stable climate are the ultimate goals of our times, and we will pursue all of them with the same resolve that has allowed us to never step back from a challenge, ever.
To provide engineering expertise for the transformation of natural resources into high value-added products in the hydrocarbons and green economies, developing new energy transition technologies to meet global climate change goals.
OUR PROMISE
WE WANT TO CONTRIBUTE TO A BETTER QUALITY OF LIFE BY DECARBONIZING PLASTICS, FERTILIZERS AND FUELS, USING OUR TECHNOLOGICAL SOLUTIONS AND LARGE-SCALE EXECUTION CAPABILITIES AT THE CROSSROADS OF ENERGY AND INDUSTRY.
Managing complexity, territorial diversity and technology, leveraging our People’s world-class technical competencies.
OUR STRENGTH
OUR MISSION
OUR PURPOSE
15 2 | MAKING THE ENERGY TRANSITION HAPPEN 4CHAPTER3CHAPTER1CHAPTER2CHAPTER
VALUESENTREPRENEURIALOUR
MULTICULTURALISMINNOVATIONOURVALUESAREINSPIREDBYTHECONCEPTOFENTREPRENEURSHIP,ANINNATEPREDISPOSITIONTHATISDEMONSTRATEDBYOURABILITYTOFACECHALLENGESANDCHANGESWITHPASSION,ASENSEOFBELONGING,ANDRESPONSIBILITY.
FINDING BETTER TECHNOLOGIES FOR NEW CHALLENGES
BEING EQUALLY AT HOME ANYWHERE
No matter what natural resource needs to be transformed, we have been bringing cutting-edge research from the lab into the field for decades, offering our clients worksite-ready chemical engineering innovations. With over 1,850 patents, we identify new industrially applicable solutions that can accelerate the energy transition.
PROCESSING ENERGY 2021 FACTS & FIGURES 16
OUR ENTREPRENEURIAL SPIRIT MAKES US VALUE ESPECIALLY:
The global presence we have cultivated for decades gives us a true international identity. We know how to operate in all parts of the world, because our projects always have local content. And we can work in every natural environment under any climatic condition. We don’t have just a superficial appreciation for cultural diversity and distinct business sensibilities, we can adapt to different industrial systems and environments because multiculturalism is in us, diversity in action is us, no matter what continent we are in.
MAKING PEOPLE THE ENGINE FOR EVERYTHING WE DO
ingenuity is best guided by respect for ethical values, respect for health and safety, respect for people and the environment. We believe there is no real economic growth without social and environmental sustainability.
THRIVINGPEOPLEINCOMPLEXITY
We stand out through our ability to get results in highly complex contexts governed by numerous restrictions, identify the best solutions, and make difficult decisions under conditions of uncertainty. We see challenges as real opportunities to excel.
SHAREDCOMPLEXITYVALUE
Whether it’s a technologist studying a new solution, an engineer designing a blueprint, a technician building a system, a client turning a plant on for the first time or a final user enjoying a better quality of life thanks to something we did, we are in the People business. We don’t have cranes, vessels, technical infrastructures but our key assets are the know-how and the distinctive competence of our People along with our proprietary technologies and patents.
Wegenerations.believetechnical
We configure our presence in the world so the communities we serve and economies we are part of can express their greatest potential in the present, while preserving bio and social diversity for the next
17 2 | MAKING THE ENERGY TRANSITION HAPPEN 4CHAPTER3CHAPTER1CHAPTER2CHAPTER
BOOSTING RESPECTFUL GROWTH
MODELBUSINESS
Our technologies are designed to reduce the environmental impact of the Refining & Gas Monetization industry and develop solutions for hydrogen, chemical recycling, waste-to-fuels, plastic recycling, and renewable fuels and Weplastics.provide
Our work, health and safety performance are world class, significantly ahead of industry benchmarks.
Our roots are in petrochemicals and refining; we have expanded into the energy sector, and successfully entered the field of fertilizers, green chemistry and hydrogen.
Our business has always rested on solid technological foundations, from the downstream industry to innovative projects for the energy transition and decarbonization.
We offer a broad scope of services, comprising licensing, engineering, procurement of materials and equipment, construction supervision and project management, including digital services for operation & maintenance. Engineering, Procurement & Construction is our bread and butter: we have built many full EPC turnkey complex projects, maximizing local content and sharing value with our stakeholders in every part of the world.
proprietary and third-party technologies for the design, engineering and manufacture of a wide range of processing plants.
WE ARE A LEADING PROVIDER OF ENGINEERING & CONSTRUCTION, WE PROVIDE TECHNOLOGY & LICENSING, WE DEVELOP ENERGY BUSINESS VENTURES WORLDWIDE: IN OTHER WORDS, WE ARE A COMPANY PROVIDING A DIVERSE SET OF CLIENTS WITH THE BEST TOOLS AND TECHNOLOGIES TO TRANSFORM NATURAL RESOURCES INTO INNOVATIVE PRODUCTS FOR COUNTLESS EVERYDAY USES.
Lastly, we can also engage in the very early stages of clients’ investment projects, helping them identify the best market fit for potential products or services that they may have been unaware of or overlooked.
PROCESSING ENERGY 2021 FACTS & FIGURES
19 2 | MAKING THE ENERGY TRANSITION HAPPEN 4CHAPTER3CHAPTER1CHAPTER2CHAPTER
We are taking a leading role in this new ecosystem through proactive project development, launching new supply chains, and by activating innovative financial instruments and green capital on both the debt and equity side, which can also include our direct co-investment.
OUR THREE SOULS: WHO WE ARE, WHAT WE DO
PROJECT DEVELOPMENT AND VENTURES
The Maire Tecnimont technology portfolio consists of 130 patent families and more than 1,850 individual patents and patent applications in many countries. In addition, the innovation pipeline (IPL) process has been rolled out across the Group, resulting in more than 70 new innovation projects in our Green Acceleration and more than 54 new patents in different fields. Maire Tecnimont’s research activities fall mainly into the following categories: development of new raw materials for petrochemicals production; improvement of current technologies; and development of innovative and sustainable new technologies. The continuous cooperation with Universities and Research Centers makes us frontrunners in open innovation and R&D, remaining on the cutting-edge of our industry.
ENTREPRENEURS
We pursue opportunities assisting potential clients from the early stages of the investment process, leveraging our advanced technical and financial skills to promote projects in which the Group can play a pivotal role in coordinating the whole process and the various financial, institutional, and technical actors involved. The Group itself initiates projects, bringing together investors and resources to establish a company to build and operate a plant. It entails playing a key role to steer strategic development –from concept to execution – of large-scale projects.
Through our network of international engineering hubs, we supply clients with services and know-how that span from conceptual studies to technological consulting, process engineering, and detail design. The services we offer exploit business synergies and cross-fertilization opportunities present within our Group, drawing from the specialist skills of all of our companies.
CONTRACTORS ENGINEERING, PROCUREMENT, CONSTRUCTION
Thanks to our extensive know how in research, licensing, engineering and construction of natural resource processing plants, we provide solutions for the energy transition. Our history, expertise, knowledge and leadership in transforming natural feedstocks make us an industrial enabler of innovative and sustainable plants. From scouting, pivoting, industrializing, and finally marketing a portfolio of sustainable technologies dedicated to decarbonization and green chemistry, we are committed to accelerating the energy transition, making it real for our clients and communities.
Our technological roots, dating back to the pioneers of Italian engineering, and the long experience gained through the management of large, integrated, and complex projects enabled us to become a leading global contractor. Our strong technological drive provides access to the Best Available Technologies (BAT) on the market, consolidating our position of leadership as a contractor for highly complex plants.
ENERGY ENABLERSTRANSITION
TECHNOLOGISTS TECHNOLOGY AND LICENSING
We will continue to enhance our execution capabilities in larger and more complex integrated projects, in order to better accommodate increasing market demand for multidisciplinary efforts. We are progressing fast-track on our own digital transformation.
EXPANDING INTO NEW GEOGRAPHIES
A DISTINCTIVE PROJECT DEVELOPMENT APPROACH
EXCELLING IN COMPLEX INTEGRATED PROJECTS
GROWING TECHNOLOGYTHROUGH&SERVICES
MOVING TOWARDS GREEN CHEMISTRY & RENEWABLES
EVOLVE OUR TRADITIONAL BUSINESS MODEL BY LEVERAGING DIGITALIZATION AND THE ENERGY TRANSITION, ADAPTING TO GEOPOLITICAL CHANGES AND FOCUSING OUR OPERATING STRATEGY ON THE PLANNING AND EXECUTION PHASES, WHILE MANAGING OUR BACKLOG WITH MAXIMUM OPERATIONAL EXCELLENCE AND FINANCIAL DISCIPLINE.
PROCESSING ENERGY 2021 FACTS & FIGURES 20
OUR STRATEGY
Leveraging our technological skills and financing capabilities, we pursue project development opportunities through an early involvement in clients’ investment initiatives.
Our vision on renewable energies is driven by demand for very large plants in new geographies. In order to best address new market dynamics, Maire Tecnimont is developing, through NextChem, several technological initiatives for the energy transition. We will contribute to the transition by scouting, researching, pivoting, industrializing and finally commercializing a portfolio of sustainable technologies.
LEADERSHIP IN REVAMPING
As a leader in the petrochemical and fertilizer sectors, we are ideally placed to assist our clients in brownfield revamping projects, and support them to achieve decarbonization targets.
We will continue to invest in technology and in our best-in-class engineering services. We are promoting our new technologies and we continue exploring new ways to leverage our urea/fertilizers technological leadership into adjacent sectors.
Downstream developments globally retain their central role in our business, and we keep expanding in areas where we have traditionally been less present, such as Sub-Saharan Africa, South East Asia and Turkey.
FOCUS EXECUTIONBUSINESSONNEXTCHEM•UPCYCLING•WASTETOFUELS AND WASTE TO TECHNOLOGIESCHEMICALS • BIO-BASED PRODUCTS • CARBON CAPTURE • GREEN HYDROGEN • ELECTRIC BLUE HYDROGENTM • CIRCULAR HYDROGENTM • 2G ETHANOL • RENEWABLE DIESEL NEOSIA RENEWABLES • WIND • SOLAR DEDICATED •••INITIATIVES:REVAMPINGNNPCREFINERY,NIGERIAMONOMEROSCOLOMBOVENEZOLANOSNITRICACIDREVAMPSTUDYBURGASREFINERYFCC,BULGARIAEARLY INVOLVEMENT IN •INITIATIVES:INVESTMENTGREENFIELDNITROGEN LLC, USA • OSERIAN COMPANY,DEVELOPMENTKENYA•SUB-SAHARANAFRICA•SOUTH-EASTASIA•TURKEY CHEMISTRYGREEN RENEWABLES& • ACID GAS REMOVAL (DCCDTM) • H2S CRACKING (SOAP™) • (PURSELL(ANNA)ADJACENTTECHNOLOGIESTOUREAANDSPECIALITIESAGRI-TECH) • ELECTRIFICATIONFURNACES • DEPOLYMERIZATION • ULTRA LOW ENERGY • UREA PROCESSPRODUCTIONENHANCINGDIGITALIZATIONCOMPETENCESTOTACKLEINCREASINGSCALEANDCOMPLEXITYOFPLANTS(NEXTPLANT)DEVELOPMENTPROJECT REVAMPING TECHNOLOGY&SERVICES GEOGRAPHIESNEW INTEGRATEDPROJECTS 21 2 | MAKING THE ENERGY TRANSITION HAPPEN 4CHAPTER3CHAPTER1CHAPTER2CHAPTER
TECHNOLOGICAL LEADERSHIP TO ENABLE ENERGY TRANSITION CHEMICALSANDENERGYACCELERATIONGREEN STRONG COMMITMENT TO TECHNOLOGY DEVELOPMENT1,857 PATENTSCUMULATED • MYREPLASTTM UPCYCLING • PLASTIC CHEMICAL RECYCLING • WASTE TO CHEMICALS • GREEN CIRCULAR DISTRICT • BIO-POLYMERS ANDEPC175AMMONIAUREAPLANTS** SINCE 52%1924MARKET SHARE IN LICENSING UREA PLANTS TECHNOLOGY (#1 WORLDWIDE)* 33% MARKET SHARE IN LICENSING TECHNOLOGYGRANULATIONUREA (#2 WORLDWIDE)*50% MARKET SHARE IN LDPE PLANTS 30% MARKET SHARE IN POLYOLEFIN PLANTS WELL ROOTED TECHNOLOGY ORIENTATION: MARKET LEADER (#1) FOR INSTALLED CAPACITY (LAST 10YS)MORE THAN PROJECTS**PLANTSANDPOLYETHYLENE220POLYPROPYLENEAND SINCE 1970 • GREEN AMMONIA • UREA AND NITRIC ACID BASED ON SUSTAINABLEFERTILIZERSFEEDSTOCK260LICENCEUREAPLANTS**PETROCHEMICALS PROCESSING ENERGY 2021 FACTS & FIGURES 22
(*) Data are based on corporate analysis. (**) Completed. (***) Completed and ongoing. INVESTED IN INNOVATION €56 mn ~80 R&D PROJECTS IN ACCELERATIONGREEN>30 TECHNOLOGIES • RENEWABLE DIESEL (HVO) • SUSTAINABLE AVIATION FUEL FROM HVO • 2G BIO-ETHANOL • CO₂ CAPTURE AND VALORIZATION WORLDWIDEINSTALLED21GW 7th RANK COMPANIESENGINEERINGPOWERWORLDENRTOP-10MARKET2016 MORE THAN PROJECTS*GENERATIONPOWER280 SINCE 1962 WELL LEADERSHIPRECOGNIZED IN LICENSING TREATMENTRECOVERYTECHNOLOGY,HYDROGENSULPHURANDTAILGASTECHNOLOGY WORLD CLASS TRACK RECORD IN LARGE GAS TREATMENT PLANTS AND REFINERY PROCESS UNITS MORE THAN HYDROGEN250 AND SULPHUR RECOVERY UNIT PROJECTS** SINCE 1971 ENERGETICS & NEW POWERREFINING & GAS MONETIZATION • RENEWABLE ENERGY • GREEN HYDROGEN (ELECTROLYSIS) • ELECTRIC BLUE HYDROGENTM (ELECTRICAL SMR) • CIRCULAR HYDROGENTM AND CIRCULAR GASTM • RECYCLED CARBON FUELS 23 2 | MAKING THE ENERGY TRANSITION HAPPEN 4CHAPTER3CHAPTER1CHAPTER2CHAPTER
At home in the world with projects in every continent and in every climate, both in industrial and remote
presence and a geographical footprint strongly leveraging local
Fiftydynamization.contentdifferent
HOUSTONMILAN
OUR PRESENCE IN THE WORLD
companies, three synergic business souls, one integrated group covering the next frontier of energy transition.
Aareas.global
TOTAL ~1,500PROJECTSDELIVEREDCOUNTRIES45COMPANIES50 PROCESSING ENERGY 2021 FACTS & FIGURES 24
SITTARD
SUBSIDIARIES, BRANCHES AND REPRESENTATIVE OFFICES MAIN PROJECTS (ONGOING AND RECENTLY COMPLETED) MAINHEADQUARTERSOFFICESAND ENGINEERING CENTERS 25 2 | MAKING THE ENERGY TRANSITION HAPPEN 4CHAPTER3CHAPTER1CHAPTER2CHAPTER
ROME MUMBAI
BRAUNSCHWEIG
OUR OFFERINGBUSINESSREFINING&GASMONETIZATIONGREENCHEMISTRY&RENEWABLESENERGETICS&NEWPOWERPETROCHEMICALSFERTILIZERS PROCESSING26 ENERGY 2021 FACTS & FIGURES
We have roots in petrochemicals and refining & gas monetization, we have branched out into power and fertilizers, and we are writing a new chapter on green chemistry.
27 2 | MAKING THE ENERGY TRANSITION HAPPEN 4CHAPTER3CHAPTER1CHAPTER2CHAPTER
Our technologies seek to reduce the environmental impact of the refining & gas monetization sector, develop waste to chemicals, waste to fuels and plastic recycling, hydrogen production, and find oil substitutes for fuels or plastics from renewable sources.
OUR BUSINESS HAS ALWAYS BEEN BUILT ON SOLID TECHNOLOGICAL FOUNDATIONS, LAID FIRST IN THE DOWNSTREAM INDUSTRY AND THEN IN INNOVATIVE PROJECTS GEARED TOWARD THE ENERGY TRANSITION AND DECARBONIZATION.
We have three souls: we are contractors offering engineering, procurement and construction; we are technologists offering proprietary know-how and licensing cutting-edge innovations; we are entrepreneurs, seizing early-stage opportunities with our clients through our technical and financial capabilities.
We are committed to the sustainable transformation of natural resources into energy and innovative products, applying our deep technological expertise at the crossroads between energy generation and industrial manufacturing. Our business offering stands out from our competitors thanks to NextPlant, our digital platform for construction and plant engineering that reduces operating costs, enhances training, improves plant reliability and cuts CO2 emissions through greater plant efficiency.
PROCESSING ENERGY 2021 FACTS & FIGURES 28
Maireneeded.Tecnimont is currently developing new projects using its NextChem green technology portfolio that will intercept all of these trends.
RECONSTITUTING A PLANT-BUILDING CAPACITY
Enrico Rolandelli KT Operations Vice President
Maire Tecnimont’s technical ability is being recognized by the market in this new phase, with awards for several projects in Europe. For starters, in mid-2021 we won an award to build two advanced polymer units for Repsol in Portugal, which is the country’s largest industrial investment in decades.
“MAIRE NEWBYISTECHNICALTECNIMONT’SABILITYBEINGRECOGNIZEDTHEMARKETINTHISPHASEINEUROPE”
Compared to pre-pandemic Europe three years ago, we are now seeing a huge change that
We have two projects in Belgium: one is ongoing, for a plant in Kallo that will convert propane gas to propylene for Borealis; the other is a new award from Covestro for an aniline plant in Antwerp.
no one could have imagined. Maire Tecnimont is reconstituting a plant-building capacity in Europe. This wave of investments has a strong focus on making these next-generation plants more sustainable, driven by EU environmental regulations. Moreover, EU rules restricting the export of plastic waste went into effect in 2020, which means more recycling capacity is
The strategic importance of new production capability in Europe
FOCUS ON EUROPE
In recent decades, European companies have offshored their natural resource processing plants to countries outside Europe including China. In the wake of the pandemic, when long supply chains were vulnerable, that strategy has changed. The result is a wave of new production facilities that will be constructed in Europe. The importance of building new capacity in raw materials transformation that gives Europe the opportunity to not depend on countries outside of the EU for essential goods has become very clear.
MARKET RECOGNITION IN EUROPE
In Croatia, our subsidiary KT - Kinetics Technology is building a delayed coking complex for INA as part of the Rijeka Refinery Upgrade Project to improve the efficiency and reduce C02 emissions. Lastly, in Poland we were awarded an EPC contract from ANWIL to build a new granulation unit to expand its fertilizer production capacities. And also it is important to mention HBO, Hydrocracker Based Oil project, in Poland; HDT Hydrotreatment Unit project, Donges, in France; Gemlik Gübre fertilizer plant, in Turkey.
29 2 | MAKING THE ENERGY TRANSITION HAPPEN 4CHAPTER3CHAPTER1CHAPTER2CHAPTER
COUNTRIES45 1924SINCE MARKET30% SHARE IN POLYOLEFIN PLANTS (#1 WORLDWIDE FOR CAPACITY INSTALLED IN THE LAST TEN YEARS), INCLUDING A SHARE50% IN LDPE MORE PLANTSANDPOLYETHYLENE220THANPOLYPROPYLENEANDPROJECTS* PETROCHEMICALS PROCESSING30 ENERGY 2021 FACTS & FIGURES
BIOCHEMICALS
We can boast a wide and diversified competence in the design and construction of Chemical and Petrochemical plants.
We manage and execute several projects at a time, using different technologies, ensuring confidentiality and preserving Licensors’ know-how.
We work as an Engineering, Procurement, and Construction provider on a Lump Sum Turn-key basis (EPC – LSTK), also specialized in plant start-up, operation & maintenance, revamping, preservation, de-commissioning and relocation.
Our history goes back to Giulio Natta, the Italian Nobel Prize winner in chemistry and inventor of polypropylene (also known as “Italian plastic”). The wide and consolidated know-how and expertise has positioned Tecnimont as a leader in the polyolefins market worldwide.
We provide a complete suite of services, from feasibility studies to basic and detailed engineering, from equipment and materials supply to supervision of erection, construction and commissioning.
BUTADIENE, RUBBERS AND STYRENICS
Thanks to our experience, know-how and references we are included in the shortlist of all major Licensors as preferred Contractor and so we are allowed to perform activities such as FEED, detail design and EPC for their technologies.
Thanks to the synergy between our business lines, we have the capability and know-how to provide the full production cycle.
OTHER CHEMICALS
WE HAVE BEEN SHORTLISTED AS PREFERRED ENGINEERING CONTRACTOR FOR MANY PATENTED TECHNOLOGIES
Jointly with NextChem, we are strongly committed to the development of green chemistry. We are cooperating with all the major providers of Bio and Fermentation technologies.
31 2 | MAKING THE ENERGY TRANSITION HAPPEN 4CHAPTER3CHAPTER1CHAPTER2CHAPTER
WE ARE A FULL-SERVICE, GENERAL CONTRACTOR FOR PETROCHEMICAL COMPLEXES WORLDWIDE
WE ARE A FIRST-CLASS PROVIDER OF PETROCHEMICAL TECHNOLOGIES
POLYOLEFINS
*Completed and ongoing
We have a successful track record of several Olefin plants, developed from different feedstocks using various technologies.
We have a long-lasting experience in the design and construction of Butadiene plants via Extraction and via De-Hydrogenation and Synthetic Rubbers plants.
AROMATICS AND DERIVATIVES
OLEFINS
HDPE PLANT (RAPID) Pengerang, Malaysia
Client: JG Summit Contract type: EPC (In JV)
BAYTOWN Texas,EXPANSIONCHEMICALPROJECTUSA
675
PE PELLETIZING AND BAGGING AREAS OF PRODUCTION PLANT NO. 4* Budyonnovsk, Russian Federation
3623 24 252282627 12 11 5 18 4 21 14 13 30 2019 29226 7 17 8 35 33 40 15 31
Client: AMUR GAS CHEMICAL LLC Contract type: EPCs
HDPE-PP NorthernBathinda(EPCC1-EPCC2)Plants(Punjab),India
NEW EUROPEAN PDH KALLO PROJECT Kallo (Kieldrecht), Belgium
Client: PRPC Polymers Sdn Bhd Contract(PETRONAS)type: EPCC (JV HQC)
BOROUGE 4 PE/XLPE/U&O PLANTS Ruwais, United Arab Emirates Client: BOROUGE (JV ADNOC – Borealis) Contract Type: EPC
ANILINE Antwerp,PROJECTBelgium
Client: ContractExxonMobilType:EPC
8 121113910
BOROUGE PP5 Project Ruwais, United Arab Emirates
ACRYLIC ACID AND BUTYL ACRYLATE UNITS Dumad, Vadodara, Gujarat state, India
Client: SHANDONG YULONG PETROCHEMICAL CO. LTD Contract Type: Eng. Services
Client: BOROUGE (JV ADNOC – Borealis) Contract Type: EPC
ONGOING PROJECTS
Client: HPCL-Mittal Energy Ltd. Contract(HMEL)Type: EPCC
AGCC Svobodny,PE/PP/LAO*Russian Federarion
Yantai, Shandong Province, China
Client: ContractCOVESTROType:EPC
LDPE/EVA PLANT
Client: INDIAN OIL CORPORATION LIMITED (IOCL) Contract type: EPC
4213
PP Barauni,PLANTBihar state, India
Client: INDIAN OIL CORPORATION LIMITED (IOCL) Contract type: EPC
Client: BOREALIS KALLO N.V. Contract Type: EPCM
NEW HDPE, PP REVAMPING Batangas, Philippines
37 PROCESSING ENERGY 2021 FACTS & FIGURES 32
Client: OOO Stavrolen - a subsidiary of PJSC ContractLukoilType: EPC
LDPE Bratislava,PLANTSlovak Republic
LDPE Sadara,PLANTKingdom of Saudi Arabia
MAIN COMPLETED PROJECTS
PE-NAO Mesaieed,PLANTSQatar
Client: INDIAN OIL CORPORATION LIMITED (IOCL) Contract type: EPC
PX Paradip,PLANTOdisha state, India
39 33 2 | MAKING THE ENERGY TRANSITION HAPPEN 4CHAPTER3CHAPTER1CHAPTER2CHAPTER
14151617 16
Client: Polska S.a Contract type: FEED + CE
Client: Qatar Chemical Company II Contract type: EPC (In consortium)
PDH-PP PLANTAl Jubail, Kingdom of Saudi Arabia
LDPE PLANT (DEHP) Yantai, Shandong Province, China
Client: ZHEIJANG PETROCHEMICAL CO. ContractLTD Type: Eng. Services
Client: Al Waha (jv Sahara, LyondellBasell) Contract type: EPC (In consortium)
Zhoushan, Zheijang Province, China
Client: REPSOL POLYMER S.A. Contract type: EPC
PP Sines,PLANTPortugal
PDH UndisclosedPLANT Client: ContractUOPType: FEED
LLDPE-HDPE-PP PLANTS Dahej, Gujarat, India Client: OPAL (jv ONGC,GSPC, GAIL) Contract type: EPC
PDH Tobolsk,PLANTWestern Siberia
POLYOLEFINS COMPLEX Ruwais, United Arab Emirates Client: BOROUGE 3 (jv ADNOC - Borealis) Contract type: EPC (In JV)
Client: MOTIVA ENTERPRISES LLC Contract Type: FEED + CE
HDPE CorpusPLANTChristi, Texas, USA Client: ContractExxon-Sabictype:FEED + CE
Client: PRPC Polymers Sdn Bhd (PETRONAS) Contract type: EPCC (JV HQC)
Client: REPSOL POLYMER S.A. Contract Type: FEED
Client: Etileno XXI Services BV Contract type: EP
LLDPE-HDPE-PP PLANTS Sohar, Oman Client: LIWA Plastic Industries Complex ORPIC Contract type: EPC
POLYOLEFINS COMPLEX Rabigh, Kingdom of Saudi Arabia
Client: WANHUA CHEMICAL GROUP CO. ContractLTD. Type: Pre-FEED + Eng. Services
PDH/PP Plant Tan Thanh, Vietnam Client: PHU MY Plastic Production JSC Contract Type: FEED + CE
PP Jubail,PLANTSKingdom of Saudi Arabia
Client: ADVANCED Global Investment Co. Contract type: EPC
LDPE/EVA PLANTS
PP PLANT Pengerang,(RAPID)Malaysia
Client: Tobolsk Polymer LLC (JSC Sibur Holding) Contract type: EPC
POLYOLEFINS COMPLEX Ruwais, United Arab Emirates Client: BOROUGE 2 (jv ADNOC - Borealis) Contract type: EPC
Client: Slovnaft Petrochemicals s.r.o. (MOL ContractGroup)type: EPC
LDPE EVA PLANT Daesan, Korea Client: HYUNDAI CHEMICAL Contract Type: Pre-FEED, FEED, DEHP
MOTIVA PortPROJECTPOLYETHYLENEArthur-Texas,USA
PP/PE PLANTS
STEAS MERCURY PROJECT Aliaga, Turkey Client: SOCAR TURKEY ENERJİ A.Ş Contract Type: FEED + OBCE
Sines, Portugal
< 200 Mn Euro 200 to 500 Mn Euro 500 to 1,000 Mn Euro > 1,000 Mn Euro
PP-U&O / HDPE PLANT Sumgayit, Azerbaijan Client: SOCAR Polymer Contract type: EPC
34 3 36393837 1038 329 1 2425212223 302931
LDPE Veracruz,PLANTMexico
Client: Petro Rabigh (jv Aramco - Sumitomo) Contract type: EPC (In consortium)
* project on hold as from 2022
Client: Sadara Chemical Company (JV Saudi Aramco - Dow ContractChemicals)type:EPC
BOROUGE 4 Ruwais, United Arab Emirates Client: BOROUGE (JV ADNOC – Borealis) Contract Type: FEED
202628191827 4034323335
PDH Police,PLANTPoland
CLUSTER PRODUCT LICENSOR – TECHNOLOGY COUNTRY
USAGERMANYUSA
PET (POLYETHYLENE TEREPHTHALATE
INVISTABP (now Koch Technology Solutions)
JAPANJAPANUSAJAPANUKUSAUSAUSAAUSTRIAITALY
MAIN
LUMMUS TECHNOLOGY / BASF (Extraction) LUMMUS TECHNOLOGY (Dehydrogenation) – Catadiene NIPPON ZEON (Extraction)
BASELL POLYOLEFINE – Lupotech T, Lupotech A EXXONMOBIL (EXCEPT HP DESIGN) VERSALISSUMITOMO
BASELL POLIOLEFINE – Spheripol, Spherizone BOREALIS – Borstar PP CHEVRON GRACEEXXONMOBILPHILLIPS(formerDOW CHEMICAL) – Unipol PP INEOS – Innovene PP
HDPE (HIGH DENSITY POLYETHYLENE)
VERSALIS ITALY ABS VERSALIS ITALY RUBBERS
ITALYRUSSIAFRANCEJAPANUSA
USAUKJAPANMEXICO
FRANCEUSAGERMANYUSA/ USA
OLEFINS
&RUBBERSBUTADIENE,STYRENICS
LDPE (LOW DENSITY POLYETHYLENE)
) GRUPO PETROTEMEX (GPT) – Integrex iPET STAMICARBON (former NOY) ITALYMEXICO OTHER CHEMICALS EO/EG (ETHYLENE OXIDE & ETHYLENE GLYCOL) PETRON SCIENTECH INC. SCIENTIFIC DESIGN / SABTEC SHELL GLOBAL SOLUTIONS USAUSA / HOLLANDKSA ACN (ACRYLONITRILE) INEOS NITRILES (former BP, former SOHIO) USA DICYCLOPENTADIENE AXENS FRANCE ACETONE CYANOHYDRIN & MMA (METHYL METHACRYLATE) REPSOL SPAIN CPL (CAPROLACTAM): 1. AMMOXIMATION 2. From CYCLO HEXANE 3. BECKMANN REARR. + CPL PURIFICATION 1. VERSALIS 2. ZAT 3. AQUAFIL ITALYPOLANDITALY
&AROMATICSDERIVATIVES
USAJAPANCANADAUKAUSTRIAITALY
CHEVRONAXENS PHILLIPS
POLYOLEFINS PP (POLYPROPYLENE)
GOODYEAR (SSBR) JAPAN SYNTHETIC RUBBER (SSBR) MICHELIN (PBR) SIBUR (IIR, BUTYL RUBBER) VERSALIS (ESBR, SBS, SB, LCBR, HCBR, EPDM, SSBR)
PTA (PURIFIED TEREPHTHALIC ACID) GRUPO PETROTEMEX (GPT) – Integrex iPTA MITSUBISHI CHEMICALS
AVAILABLE TECHNOLOGIES PROCESSING ENERGY 2021 FACTS & FIGURES 34
ITALYJAPANUSAGERMANY
PDH (PROPANE/ISOBUTANE DEHYDROGENATION) LUMMUS TECHNOLOGY – Catofin UHDE – Star UOP – C3 Oleflex
BUTADIENE
JAPANUSAUSA
STEAM CRACKING (FOR ETHYLENE, PROPYLENE, ETC) LUMMUSLINDEKBR TECHNOLOGY TECHNIP / STONE & WEBSTER
BASELL POLYOLEFINE – Hostalen CHEVRON MITSUIINEOSEXXONMOBILPHILLIPS–InnoveneSCHEMICAL– Cx
UOP USA LAB (LINEAR ALKYLBENZENES) UOP USA
JAPAN POLYPROPYLENE Co. – JPP Horizone Process LUMMUS TECHNOLOGY – Novolen MITSUI CHEMICAL – Hypol II SUMITOMO
LLDPE / HDPE (LINEAR LOW DENSITY / HIGH DENSITY POLYETHYLENE)
CUMENE / PHENOL / ACETONE
NYLON 6, NYLON 6.6
CHINAJAPANUSAUSAFRANCE
LUMMUS TECHNOLOGY - OCT MITSUBISHI CHEMICALS SINOPEC TECH
BASELL POLIOLEFINE – Spherilene BOREALIS – Borstar PE INEOS – Innovene G NOVACHEM - Advanced Sclairtech UNIVATIONSUMITOMO – Unipol PE
LAO (LINEAR ALPHA OLEFINS)
STAMICARBON (former NOY) ITALY
POLYSTYRENE (EPS, HIPS, GPPS)
JAPANUKUSAUSAGERMANY
35 2 | MAKING THE ENERGY TRANSITION HAPPEN 4CHAPTER3CHAPTER1CHAPTER2CHAPTER
“THE TECHNOLOGIES USED WILL GUARANTEE MAXIMUM EFFICIENCY”ENERGY
THE CHALLENGE
Elena Rossi Project Director
INNOVATION
We are using the new tools for the management of engineering deliverables (DD) as well as the Vendors’ documentation (VDM), with the goal of optimizing the internal distribution within the project team and the review cycle. At the same time, we are implementing the Advance work Package (AWP) methodology to support the constructability analysis, to better visualize the construction sequences and to efficiently execute the construction activities at site.
We have unusual schedule constraints with a very late opening of the site compared to usual projects. This allows us to guarantee a significant availability of documents valid for construction and material ready to be installed at the opening of the site. At the same time, it requires to the project to carefully define the management of the material delivered well in advance compared to the request date on site: high focus shall be made on material proper preservation and temporary storage. Once the access to site is granted, a challenging construction schedule requires to identify well in advance the more efficient construction sequences.
SINES
WHEREREPSOL SINES, PORTUGAL SECTOR PETROCHEMICALS CLIENT REPSOL STATUS ENGINEERING 20% ADDITIONAL COMPLETEDINVESTIGATIONSOIL KEY NUMBERS 27,000 CUBIC METERS OF REINFORCED CONCRETE 5,300 TONS OF STEEL IN AND1,465STRUCTUREKMOFINSTRUMENTELECTRICALCABLES PROCESSING ENERGY 2021 FACTS & FIGURES 36
The technologies used will guarantee maximum energy efficiency and will be the first of their kind to be implemented in the Iberian Peninsula, making the Sines Industrial Complex one of the most advanced in Europe due to its flexibility and high degree of integration and competitiveness.
LOCAL VALUE CREATION
This project is Portugal’s largest industrial investment in decades.
Marco Crivelli Project Director
Innovation means incorporating digital 4D modelling in our workflows, enabling the team to analyze the sequence of events and visualize the construction tasks on a timeline, with the final goal of improving work efficiency.
BOROUGE 4 WHERE RUWAIS, UNITED ARAB EMIRATES SECTOR PETROCHEMICALS CLIENT BOROUGE STATUS ONGOING COMPLETION DATE 2025 KEY NUMBERS APPROX $3.5 BILLION LUMP SUM EPC CONTRACT A TEAM OF UP TO 1,300 SPECIALISTS IN THE HOME OFFICE 19,000 WORKERS ON SITE 37 2 | MAKING THE ENERGY TRANSITION HAPPEN 4CHAPTER3CHAPTER1CHAPTER2CHAPTER
The project plays a fundamental role in the UAE’s economic development, because it will make Ruwais the world’s largest single-site polyolefin complex. Maximizing local value creation is definitely one of the our most important project objectives,
by enhancing the UAE’s industrial supply chains and increasing the award of purchase orders to reliable local contractors. Furthermore, we plan to engage local employers at the construction site, training them on the job with the aim of developing their professional growth, giving them suitable career perspectives in a highly specialized field.
RUWAIS
Projects are made by people… I was impressed by two figures: we plan at peak a team of 1,300 specialists in the Home Office and 19,000 workers on site. The size and complexity of this project - combining different technologies, multiple Operating Centers, hundreds of stakeholders with a multicultural background - means that the biggest execution challenge is smooth communication between all involved.
“THE PROJECT PLAYS A FUNDAMENTAL ROLE IN THE UAE’S DEVELOPMENT”ECONOMIC
LOCAL VALUE CREATION
INNOVATION
THE CHALLENGE
FERTILIZERS75+EPCUREAPLANTS LICENCE260+UREAPLANTS MARKET52% SHARE (#1 WORLDWIDE) IN LICENSING UREA SYNTHESIS PLANTS MARKET33% SHARE (#2 WORLDWIDE) IN LICENSING TECHNOLOGYGRANULATIONUREA EPC100+AMMONIAPLANTS SINCE1924 PROCESSING38 ENERGY 2021 FACTS & FIGURES
Ourproduction.
WE PROVIDE A WIDE AND INTEGRATED RANGE OF SERVICES
With the launch in 2021 of the Stami Green Ammonia technology, Stamicarbon has become an ammonia licensor for small-scale ammonia plants. It is a CAPEX competitive technology, offering a solid reference base, high reliability and proven design. Besides in grass roots, it can also be applied in existing plants, as part of a hybrid technology solution to make existing fertilizer production more sustainable. Next to ammonia production it can be used as a renewable energy carrier (e.g. in shipping fuel) or as a renewable feedstock for other processes. The Stami Green Ammonia technology offers a total solution for carbon-free and sustainable ammonia
Next to urea, we offer two types of nitric acid technologies: mono pressure for capacities up to 600 tons per day and dual pressure to 2,000 tons a day. Both processes are characterized by high tail gas temperature and are designed for maximum energy recovery, reliable operation and minimal greenhouse gas emissions.
Ultra-Low Energy Design that results in unrivalled energy savings by reducing both steam and cooling water consumption considerably. It can be applied in grass root urea projects, as well as in revamping existing urea plants, irrespective of the original technology or age of the plant. In 2021 the first two plants went into operation in China. Further there are two plants under construction in Turkey and China and two new licenses for a customer in China were signed.
We take care of every fertilizer development requirement: from feasibility studies to basic engineering, from selecting licensors to developing lump-sum turnkey projects. We offer procurement and construction services of new urea plants and revamping existing ones, thanks to Tecnimont expertise.
Our Stami Digital portfolio offers digital process solutions and services to improve plant effectiveness and boost plant productivity. This suite includes remote guidance, process monitoring and automatic plant optimization. Also part of the suite is a high fidelity real-time dynamic training simulator for urea and granulation plants, as well as for the adjacent ammonia, nitric acid and urea ammonium nitrate (UAN) plants.
Thanks to our expertise in ammonia-synthesis plants based on steam reforming of natural gas, we offer large scale methanol plants with the most reliable and advanced technologies in the world.
39 2 | MAKING THE ENERGY TRANSITION HAPPEN 4CHAPTER3CHAPTER1CHAPTER2CHAPTER
WE EXCEL IN THE ENGINEERING AND CONSTRUCTION OF AMMONIA-UREA PROJECTS
MORE THAN 260 UREA MELT PLANTS WORLDWIDE HAVE BEEN AWARDED A LICENSE TO USE OUR TECHNOLOGIES
At Stamicarbon we develop, design and license futureproof fertilizer plant technologies, with urea, green ammonia and nitric acid being our core businesses. With 75 years of knowledge and experience, we offer our clients customized solutions and services to maintain, improve and optimize plants in every stage of their lifecycle with a focus on sustainable production. Besides the urea melt plants we have realized more than 110 revamping projects and have licensed more than 30 urea granulation plants.
WE CONTINUOUSLY INNOVATE AND DEVELOP RELIABLE, SAFE AND SUSTAINABLE FERTILIZER SOLUTIONS.
Our MicroMist™ Venturi and Jet venturi Scrubbing systems can remove submicron urea dust particles at extremely high efficiencies, which is more and more necessary as fine particle emission regulations are becoming increasingly strict worldwide. Two MMV scrubbers are in operation and three more are in the construction and start-up phase.
AMMONIA PLANT NANGAL Punjab, India Client: National Fertilizers Ltd. Contract type: EPC 10
7
AMMONIA/UREA NPK PLANT Ethiopia Fertilizer Project ISBL
Client: ContractP.I.C.type: EPC
AMMONIA UREA PLANT* Kingisepp 2, Russian Federation
Client: Volgafert LLC Contract Type: EPC
UREA, UAN PLANT Gemlik, Turkey
Client: GEMLIK GÜBRE SAS Contract Type: EPC
3 2 4 6 11 12 10 9 1 2 14 13 3 7 8 15 16 17 18 19 21 4 20 5 6 23 2425
AMMONIA UREA PLANT RussianNevinnomyssk,Federation
ONGOING
11 IOWA FERTILIZER COMPANY Wever, Iowa, USA Client: Orascom Construction ContractIndustriestype: EP
8
UREA Togliatti,PLANT*Russian Federation
Client: ContractKIMAtype: EPC
Client: EuroChem Mineral and Chemical Company Contract type: E
PROJECTS PROCESSING ENERGY 2021 FACTS & FIGURES 40
Client: Anwil S.A. Contract Type: EPC
Client: EuroChem Mineral and Chemical Company Contract Type: EPC
H2H - BLUE HYDROGEN TO HUMBER Saltend, UK Client: Equinor New Energy Ltd. Contract Type: E
BLUE AMMONIA North America - Confidential Client: ContractConfidentialType:EP 51
AN, CAN, ASN GRANULATION Wloclawek,PLANT Poland
Client: OCP Morocco Contract Type: E
12
9 UREA DEBOTTLENECKING & GRANULATION PLANT Shuaiba, Kuwait
FERTILIZERS COMPLEX Aswan, Egypt
MAIN COMPLETED PROJECTS
Client: JSC Acron Contract type: Licensing, PDP, and Equipment
LAUNCH MELT™ Pool Reactor Design
Client: Gemlik Gubre Sanayii A.S., ContractTurkey Type: Licensing, PDP, and Equipment
>
LAUNCH MELT™ Ultra Low Energy XLX-2,Design Jiujiang, China
Client: Confidential client Contract Type: Licensing, PDP
LAUNCH MELT™ Pool Condenser Talcher,Design India
Client: Confidential client Contract Type: Licensing, PDP, and Equipment
Client: P.O. Azot, Grodno Contract type: Licensing and PDP
Client: Abu Qir Contract type: Licensing, PDP
LAUNCH FINISH™ Granulation VelikiyDesign Novgorod, Russia
Client: Jiujiang Xinlianxin Chemical Fertilizer Co., Ltd Contract type: Licensing and PDP
EVOLVE Alexandria,CAPACITY™Egypt
LAUNCH MELT™ Ultra Low Energy Design 2x
LAUNCH MELT™ Pool Condenser Brunei,Design Brunei
Client: Talcher Fertilizers Ltd. Contract Type: Licensing, PDP
Client: Confidential client Contract type: Licensing, PDP, and Equipment
222123 302425262728312932141326 222728
Client: Yara International ASA Contract type: EPC
Client: El Nasr Company for Intermediate Chemicals (NCIC) Contract Type: Licensing, PDP, and Equipment
Client: ShchekinoAzot, Russia Contract Type: Licensing, PDP, and Equipment
EVOLVE CAPACITY™ Velikiy Novgorod, Russia
Client: Confidential client Contract type: Licensing, PDP, and Equipment
Client: Eurochem Northwest Contract type: Licensing, PDP, and Equipment
LAUNCH MELT™ Pool Reactor AinDesignElSokhna, Egypt
16151718
YARA Sluiskil,SLUISKILTheNetherlands
LAUNCH MELT™ Pool Reactor Design and Pervomayskiy,GranulationTulaRegion, Russia
Client: PJSC KuibyshevAzot Contract type: License, PDP, BEP, PDP and Equipment
LAUNCH MELT™ Ultra Low Energy Design Sanning, China
< 200 Mn Euro 200 to 500 Mn Euro 500 to 1,000 Mn Euro 1,000 Mn Euro project on hold as from 2022
Client: JSC Acron Contract type: Licensing, PDP, and Equipment
LAUNCH MELT™ Pool Condenser Design and LAUNCH FINISH™ Granulation Design Kingisepp 2, Russian Federation
LAUNCH MELT™ Ultra Low Energy Design and Granulation Gemlik, Turkey
Client: Hubei Sanning Chemical Industrial Co., Ltd Contract type: Licensing, PDP, and Equipment
AMMONIA PLANT Kingisepp, Russian Federation
LAUNCH MELT™ Ultra Low Energy Design XLX-1 Jiujiang, China
Client: EuroChem Mineral and Chemical Company Contract Type: EPC
EVOLVE CAPACITY™
LAUNCH MELT™ Pool Reactor Design and granulation Togliatti, Russia
STAMICARBON ONGOING LICENSING PROJECTS
Client: Brunei Fertilizer Industries Contract type: Licensing and PDP
EVOLVE PRODUCT™ Grodno, Belarus
EVOLVE CAPACITY™
*
Client: Henan Xinlianxin Chemicals Group Co., Ltd. Contract type: Licensing, PDP, and Equipment
41 2 | MAKING THE ENERGY TRANSITION HAPPEN 4CHAPTER3CHAPTER1CHAPTER2CHAPTER
2019
We used local engineering company as a go-between for our Engineering department and local authority & client consultant for adopting standards, local rules, regulation, seismic code and more.
Carlo Insulla Project Manager
GEMLIK
“TECNIMONT IS FOCUSED ON CONTRIBUTING TO COMMUNITY RELATIONS BY WORKING WITH LOCAL STAKEHOLDERS”
Tecnimont is focused on contributing to community relations by working with local manpower, resources and vendors as much as possible during all execution phases.
INNOVATION
The methodology of the digital Advance Work Package (AWP) was successfully adopted to better visualize and efficiently execute construction activities.
WHEREGEMLIK GEMLIK, TURKEY SECTOR FERTILIZERS CLIENT YILDIRIM HOLDING STATUS ONGOING COMPLETION DATE 2023 KEY NUMBERS CONTRACT VALUE APPROX €200 MLN CAPACITY: 1,640 MTPD OF GRANULAR UREA AND 500 MTPD OF UAN PROCESSING ENERGY 2021 FACTS & FIGURES 42
The Gemlik Gubre plant is the first plant realized by Tecnimont in ThisTurkey.urea plant is based on Stamicarbon’s state-of-the-art Ultra-Low Energy Technology and is the third of its kind in the world. Steam consumption is up to 40% less here than for other urea projects. Cooling water consumption by about 16% less compared to traditional CO2 stripping processes.
LOCAL VALUE CREATION
THE CHALLENGE
We are working with the nearest elementary school to help it meet community needs.
Our amount of interfaces with new local vendors has been innovative. Through their involvement in Tecnimont 3D modeling study, vendors understood the project requirements, delivery priorities and sequential fabrication and other workflows.
Since Gemlik is located in earthquake zone, the plant has been designed according to the seismic guidelines.
43 2 | MAKING THE ENERGY TRANSITION HAPPEN 4CHAPTER3CHAPTER1CHAPTER2CHAPTER
REFINING & GAS MONETIZATION130,000 BOPD CRUDE REFINERY CAPACITY, CORU MOSCOW REFINERY UPGRADING PROJECT 88,000 TONS STEEL PROCESSINGAMURSKIGAZPROMSTRUCTURES(NIPIGAS)GASPLANT 370 GATHERINGKM AND EXPORT PIPELINE NETWORK, ADCO AL DABB’IYA PHASE III PROJECT 2,150 MMSCFD GAS TREATMENT CAPACITY, GASCO HABSHAN 5 73,000 BOPD 160 KTPA CO2 POST COMBUSTION RECOVERY UNIT - MHI KM CDR™ NFL, VIJAIPUR - INDIAPROCESSING44 ENERGY 2021 FACTS & FIGURES
WE PROVIDE OUR OWN PROPRIETARY TECHNOLOGIES
Examples of ongoing projects include the upgrading of important major refineries, like the Socar Baku Modernization Project, which represents a milestone in downstream refining. It includes also Rijeka Delayed Coker, a mix of complexity and engineering challenges which strengthen Maire Tecnimont positioning in the refining business, in particular in the “bottom of the barrel” technologies such as the delayed coking. The Group will provide the full technological cycle of crude oil processing, a key driver to meet the growing market for cleaner fuels and to ensure a higher output of high-margin products with minimization of the overall carbon footprint.
Tecnimont has been awarded by Nigerian National Petroleum Company (NNPC) for the rehabilitation works of the Port Harcourt Refinery Complex. The Scope of Work envisages the Engineering, Procurement and Construction (EPC) activities for the full rehabilitation of the two Port Harcourt Refineries aiming to reach 90% of its nameplate capacity (210.000 bpd).
GOOD POSITIONING AND STRONG SKILLSET
We intend to focus on refining & gas monetization through our Tecnimont and KT - Kinetics Technology companies, leveraging the synergy of their complementary capabilities. We are well positioned to take advantage of some key drivers in the industry: the quest for technologies increasing the conversion rate of oil barrel processing and the demand for “clean fuel programs” in both mature and emerging countries. In the oil and gas market a worldwide trend is also arising, consisting of the combination of refining and petrochemical units into large integrated complexes, reducing carbon footprint through the maximization of gas monetization. Our companies’ skills are not limited to detailed engineering, but cover all aspects of project management, from the feasibility to the construction and commissioning phase, guaranteeing to our clients design-to-cost engineering and a construction driven approach.
We have successfully completed Engineering, Procurement & Construction (EPC) contracts worldwide and we’re currently executing major contracts in Europe, India, Algeria and Nigeria.
NEWLY AWARDED PROJECTS
WE HAVE EARNED A FIRST-CLASS INTERNATIONAL REPUTATION
OUR ONGOING PROJECTS
45 2 | MAKING THE ENERGY TRANSITION HAPPEN 4CHAPTER3CHAPTER1CHAPTER2CHAPTER
KT also supplies critical equipment internationally, within on going EPC and EPCM refinery projects such as the SOCAR Baku Refinery and as done at the LOTOS Gdansk Refinery (DCU complex, naphtha hydrotreater, vacuum distillation, HPU).
Through our Tecnimont and KT – Kinetics Technology subsidiaries, we are recognized among the market leaders, with a wide number of references in execution of mega projects in gas processing, crude oil treatment and refining process units.
EXTENSIVE KNOW-HOW PROVEN BY SEVERAL REFERENCES
KT - Kinetics Technology offers proprietary technologies in Sulphur Recovery and Hydrogen Production Units.
Client: Lukoil Neftohim Burgas AD Contract Type: EPC
Client: Lotos Oil Contract type: EPC
Port Harcourt, Nigeria
Client: Nigerian National Petroleum Company (NNPC)
Client: Belyim Petroleum Co. (Petrobel) Contract type: EP
ZOHR MEG RECLAIMING UNITS Zohr(MRU)Gas Field, Egypt
ENGINEERING, Luanda,PLATFORMINGANDCONSTRUCTION,PROCUREMENT,INSTALLATIONCOMMISSIONINGOFANEWAngola
36 3 22 9 26 29 19 11 2530 12 35 21 203132 13 3328 1024 34 1837 714 2 15 271 5 17 16 4 8
Client: SOCAR HAOR Contract type: EPC
4 6 5 7
HYDROCRACKER BASE OIL (HBO) PROJECT
Contract type: EPC
NEW SULPHUR RECOVERY UNIT Alexandria, Egypt
BURGAS REFINERY FCC UNIT Burgas,REVAMPINGBulgaria
98 101112 PROCESSING ENERGY 2021 FACTS & FIGURES 46
LPG TRAIN 4 – ZCINA Hassi Messaoud, Algeria Client: ContractSONATRACHtype:EPC
Baku, Azerbaijan
FCC HYDROTREATINGGASOLINE UNIT
Client: Pemex Refinación Contract type: EPC
ONGOING PROJECTS
NEW DELAYED COKING COMPLEX FOR THE RIJEKA REFINERY Rijeka, Croatia
Capacity: 250 t/h
Gdansk, Poland
Client: JSC NIPIGas (General Contractor for GAZPROM) Contract type: EPC (In consortium)
MODERNIZATION BAKU OIL REFINERY, HAOR PROJECT Baku, Azerbaijan
AMURSKI GAS PROCESSING PLANT, UI&O PACKAGE 3* Svobodny, Russian Federation
Client: INA – Industrija Nafte d.d. Contract type: EPC
Platforming 1,100 t/d
REHABILITATION WORKS FOR THE PORT HARCOURT REFINERY
Client: Middle East Oil Refinery Contract(MIDOR) Type: EP
Client: ENI Angola Exploration B.V. for Sonaref Refinery Contract Type: EPC Contractor: Consortium with KT ANGOLA
NEW HYDROGEN PRODUCTION UNIT CADEREYTA REFINERY Cadereyta (Monterrey), Mexico
231
Client: SOCAR HAOR Contract type: EPC (JV TCM-KT)
Client: Midland Refineries Company Contract type: EPC
23 6
Client: INA - Industrija Nafte d.d. Contract Type: EPC
OIL GATHERING, TREATMENT, EXPORT AL DABB’IYA PHASE III Abu Dhabi, United Arab Emirates Client: ADCO (Adnoc Group) Contract type: EPC
COMBINED OIL REFINING UNIT (CORU) MOSCOW REFINERY Russian Federation Client: JSC Gazprom Neft Moscow Refinery Contract type: EPCm
Client: Egyptian Refinery Company Contract(ERC) type: EP
SULPHUR RECOVERY UNIT, ZOHR DEVELOPMENT PROJECT Zohr Gas Field, Egypt
Client: Belaym Petroleum Co. Contract(PETROBEL)type: EP
47 2 | MAKING THE ENERGY TRANSITION HAPPEN 4CHAPTER3CHAPTER1CHAPTER2CHAPTER
HYDROGEN GENERATION UNIT (HGU), REFINERY EXPANSION PROJECT (MREP) Mumbai, India
HYDROGEN PLANT Al Daura, Iraq
LPG MERCAPTAN OXIDATION UNIT AND AMINE TREATMENT AND LPG PRETREATMENT UNIT Baku, Azerbaijan
WAFA GAS PLANTS PROJECT Mellitah and Ghadames Basin, Libya Client: AGIP GAS BV Contract type: EPC (In JV)
HYDROGEN PRODUCTION UNIT Mostorod, Egypt
SULPHUR RECOVERY UNIT Burgas, Bulgaria
Client: OOO Lukoil Neftochim Burgas ContractADtype: EPC
IGD EXPANSION PROJECT (IGD-E1), GAS TREATMENT AND MARINE WORKS Das Island, United Arab Emirates Client: ADGAS (Adnoc Group) Contract type: EPC (In consortium)
DELAYED COKING UNIT (DCU) OMSK REFINERY* Omsk, Russian Federation Client: JSC Gazprom Neft Omsk ContractRefinerytype: EPCm26
Client: SOCAR HAOR Contract type: EPC
> 1,000 Mn Euro
AROMATICS COMPLEX Shuaiba, Kuwait Client: Kuwait Paraxylene Production Company (KPPC) Contract type: EPC (In consortium)
Client: ContractIPLOMtype: EPC
1413 202422212318171619
Client: Hindustan Petroleum Corporation Limited (HPCL) Contract(PETROBEL)type: EPC (Consortium TCMPL)
EPC WORKS FOR 5 PROCESS REFINERY UNITS* Kstovo, Russian Federation Client: LLC ContractNizhegorodnefteorgsintezLukoiltype:EPC
MAIN COMPLETED PROJECTS
LNG TERMINAL CHENTOUJIA Guangdong, China Client: Guangdong LNG JEO Contract type: EPC (In JV)
SULPHUR RECOVERY UNIT FOR RAMP-UP TO PLATEAU, ZOHR DEVELOPMENT PROJECT Zohr Gas Field, Egypt Client: Belayim Petroleum Co. Contract(PETROBEL)Type: EP
Client: Nynas Refinery AB Contract type: EPC
< 200 Mn Euro 200 to 500 Mn Euro 500 to 1,000 Mn Euro
INTEGRATED GAS DEVELOPMENT, HABSHAN 5 Abu Dhabi, United Arab Emirates Client: ContractGASCOtype: EPC (In JV)
Client: Total Raffinage France Contract Type: EPCC
HORIZON PROJECT, ISBL LOT A, VACUUM Donges,HYDROTREATMENTGASOILUNITFrance
OIL AND GAS TREATMENT “TEMPA ROSSA” Corleto Perticara, Italy Client: Total E&P Italia SpA (Total ContractGroup)type: EPSCC
25 15 303132333429 27 36283537
SULPHUR RECOVERY UNIT & TAIL GAS Nynashamn,TREATMENTSweden
REFINERY OFF GAS (ROG) PROJECT Antwerp, Belgium Client: Total Olefins Antwerp Contract type: EPC
Client: JSC Gazprom Neft Contract type: EP – LS
MILD HYDROCRACKING UNIT Busalla, Italy
MODULARIZED DEWAXING OF DIESEL FUEL PROJECT Omsk, Russia
DELAYED COKER COMPLEX PROJECT AND HYDROWAX VACUUM DISTILLATION Gdansk, Poland Client: Lotos Asfalt SP. ZO.O Contract type: EPC
* project on hold as from 2022
NAPHTA HYDROTREATER & SULPHUR RECOVERY UNIT Rabigh, Kingdom of Saudi Arabia Client: Petro Rabigh Contract type: EPC
PROPANE/PROPYLENE SPLITTER UNIT STORAGE & INTERCONNECTING Rijeka, Croatia
The Donges Project implements TotalEnergies’s Digital Plant Program. The digitalization of plant operations will allow for increased safety, strengthening asset integrity and better efficiency of projects and operations.
such as HSE supervision, surveillance, and logistical Theassistance.hydrotreatment unit we are installing will participate in producing cleaner fuel in line with the European regulations.
“THE DIGITALIZATION OF PLANT OPERATIONS WILL ALLOW FOR INCREASED SAFETY”
DONGESDONGES
LOCAL VALUE CREATION
INNOVATION
WHERE DONGES, FRANCE SECTOR REFINING & MONETIZATIONGAS CLIENT TotalEnergies STATUS ONGOING COMPLETION DATE 2023 KEY NUMBERS EQUIPMENT SHIPPED TO SITE: 2,200 TONS PIPING SHIPPED TO SITE: 1,700 WEIGHTTONSOF STRUCTURES: 2,000 LENGTHTONSOF INSTRUMENTS AND CABLES USED: 330 KM PROCESSING ENERGY 2021 FACTS & FIGURES 48
In order for the long lead items to reach the plant area, we needed to cross the French state-owned railway that cuts the refinery in two. But the weight and size of the equipment was so massive that it was necessary to interrupt traffic on France’s TGV high-speed line, remove the electrical line that powered the train, and reinstall it after the equipment’s crossing. We erected a 25 meters temporary steel bridge over the railway, and then dismantled it afterwards. Everything was completed in 20 hours.
Pierfelice D’Innocenzo Project Director
We work with local suppliers for vital site facilities and services, both as KT - Kinetics Technology and as TotalEnergies, in areas
THE CHALLENGE
49 2 | MAKING THE ENERGY TRANSITION HAPPEN 4CHAPTER3CHAPTER1CHAPTER2CHAPTER
WHEREHARCOURTPORT PORT HARCOURT, NIGERIA SECTOR REFINING & MONETIZATIONGAS CLIENT NIGERIAN (NNPC)PETROLEUMNATIONALCOMPANY STATUS ONGOING COMPLETION DATE 2024 KEY NUMBERS CONTRACT VALUE: APPROX $1.5 BLN OLD REFINERY CAPACITY: 60,000 BPSD (barrels per stream day) NEW REFINERY CAPACITY: 150,000 BPSD
Alfredo Montagliani Project
2021 FACTS & FIGURES 50
INNOVATION
We are doing everything we can to fully integrate our project staff with the local community. All our construction subcontractors are local companies, and at the end of the campaign we will have more than 30. We are continuously in contact through interface managers to ensure the best integration possible with the community close to the project. We are building a local partnership with a Nigerian engineering company.
The Port Harcourt Refinery Complex has been idled for two years. The project calls for the total revamping of the existing Port Harcourt refinery, which means we must innovate our traditional EPC approach. The biggest technological challenge is the application of tools and reversesmartglasses,augmentedextensivelaserundertakeThefromnecessarymethodologytoretrieveinformationtherefineryasitisnow.projectcallsforustoahugeandinnovativescanningcampaign,makeuseofMicrosoft’srealityHoloLensandcarryoutengineeringactivities.
PROCESSINGManagerENERGY
“A NEW SCANNINGSUCHOFANDEXECUTIONPROJECTAPPROACHANEXTENSIVEUSEINNOVATIVESOLUTIONSASAHUGELASERCAMPAIGN”
PORT HARCOURT
THE CHALLENGE
LOCAL VALUE CREATION
We are managing the project as a “hybrid solution” mixing our standard EPC methodology used normally for projects up to €1 billion, and a revamping project approach that is normally used for a much smaller project.
“PORT DEVELOPMENT”POINTBECOMINGHARCOURT:AREFERENCEFORFUTURE
In recent years, following the gradual disinvestment of the major IOCs, ownership has passed to the National Oil Company and, in particular, to TodayNNPC.Tecnimont, thanks to the work carried out in past years, is invited quite frequently to tenders by NNPC. We are optimistic about becoming a reference point for other strategic projects for the country’s development.
International oil companies (Mobil, Chevron, ENI, Total etc) first started investing in Nigeria back to the early 1960s. Thanks to these projects, local companies have developed a level of expertise sufficient to meet our business needs. In addition, both for economic reasons and for issues related to logistics and security of expatriate personnel, relying on local resources is a must.
THE CHALLENGE
Using the latest digital technologies is one of the cornerstones of the Port Harcourt Refinery project. Thanks to augmented reality HoloLens smartglasses, a Knowledge Mining platform, and the extensive use of laser scanning, we have been able to drastically reduce the time needed for part of the engineering activities, while producing top quality results. These technologies, developed “in house” with top international partners (such as Microsoft), have been made available and transferred to local companies. For the first time in Tecnimont’s
TECHNOLOGY TRANSFER
51 2 | MAKING THE ENERGY TRANSITION HAPPEN 4CHAPTER3CHAPTER1CHAPTER2CHAPTER
Davide Broggini Tecnimont Revamping, Operation & Maintenance Vice President
LOCAL VALUE
history, and also a first for Nigeria, we are using machine learning technologies to convert documents over 50 years old, often handwritten.
The drop in oil prices that began in 2015, and which still continues, has forced Oil&Gas companies to slow down considerably. This has led to an exodus of international and more qualified Nigerian human resources, reducing executive capacity and competitiveness of local
companies. With this project, the companies we work with are now building back to their previous staffing levels.
FUTURE PERSPECTIVES
ENERGETICS & NEW POWER PROJECTS280 MW21,000INSTALLED COUNTRIES44 SINCE1962PROCESSING52 ENERGY 2021 FACTS & FIGURES
Our capabilities and applied technologies can guarantee the execution of combined cycle power plants based on natural gas with highest plant efficiency, thus reducing emissions and environmental impact. Furthermore, the adoption in these plants of state-of-the art co-firing technologies with Hydrogen, will further reduce the CO2 emissions to a minimum.
WE DELIVER RELIABLE POWER PLANTS BASED ON NATURAL GAS, USING STATE-OF-THE-ART TECHNOLOGIES THAT ENABLE, IN OPEN AND COMBINED CYCLE SOLUTIONS, THE CO-FIRING OF HYDROGEN TO REDUCE THE CARBON EMISSIONS AND THE ENVIRONMENTAL FOOTPRINT
WE PROVIDE PROJECT MANAGEMENT CONSULTANCY AND DUE DILIGENCE SERVICES, ALONG WITH FEASIBILITY STUDIES AND FRONT-END ENGINEERING DESIGN
Our references include design and construction of simple and combined-cycle gas turbines, cogeneration, coal-fired plants, biomass plants, electricity generating units for own oil & gas business, petrochemical and fertilizer projects, electricity distribution grids for civil and industrial use and district-heating networks.
Technologies and predictive maintenance controls implemented in the plants we build can also allow higher plant availability, more reliable and flexible operations, thus guaranteeing the safe production of energy, and at the same time, providing to the required flexibility in energy production that different regional and national smart grids need.
Our engineering services meet all the energy sourcing requirements and specific needs of our clients. We deliver reliable facilities based on the most advanced technologies, with minimum environmental impact, ensuring energy costs remain low along the whole supply chain and minimizing the impact on end users and stakeholders.
53 2 | MAKING THE ENERGY TRANSITION HAPPEN 4CHAPTER3CHAPTER1CHAPTER2CHAPTER
WE ARE EXPERTS IN THE ENGINEERING, DESIGN AND CONSTRUCTION OF ADVANCED ELECTRICITY GENERATION PROJECTS INTERNATIONALLY
Based on these technologies but also on our references and capabilities we can ensure that project costs remain low throughout the whole development and supply chain, minimizing the impact of energy costs on final consumers and project stakeholders.
14 1 2 13 4 5 6 7 8 9 10 11 12 3 ONGOING PROJECTS FERTILIZER COMPLEX 27 MW Aswan, Egypt** Client: ContractKIMAtype: EPC 1 2 AMMONIA COMPLEX 18 MW* Kingisepp, Russian Federation** Client: Kingisepp Russia Contract type: EPC PDH COMPLEX 16 MW Kallo, Belgium Client: ContractBorealistype: EPC 3 PROCESSING ENERGY 2021 FACTS & FIGURES 54
COMBINED CYCLE 97 MW Valona, Albania Client: Albanian Electro-Energy Government Authority (KESH) Contract type: EPC
PULVERISED COAL POWER PLANT 2X376 MW Punta DominicanCatalina,Republic Client: ContractCDEEEtype: EP (In consortium)
1413
10
COAL POWER PLANT 720 Ceará,MWBrazil
Client: MPX Pecem Geraçao de Energia S.A. (MPX and EDP) Contract type: EPC Third Line “Pecem 2” 365 MW (In consortium)
COAL POWER PLANT 360 Maranhão,MW Brazil
495687 1211
Client: Colbun Electricity Company Contract type: EPC (In consortium)
Client: ENDESA Chile Contract type: EPC (In consortium)
Client: Diferencial ContracteEmpreendimentosEnergiaParticipaçoesLtda(MPX)type:EPC(Inconsortium)
COAL POWER PLANT 370 Coronel,MW Chile
Client: AGIP GAS BV Contract type: EPC (In JV)
OIL AND GAS TREATMENT “TEMPA ROSSA” 38 MW Corleto Perticara, Italy** Client: Total E&P Italia S.p.A. (Total ContractGroup)type: EPSCC
MAIN COMPLETED PROJECTS on hold as from
COMBINED CYCLE 850 MW Turbigo, Italy
* project
COMBINED CYCLE 840 MW Piacenza, Italy Client: ContractEdipowertype:EPC(Inconsortium)
Client: ContractEdipowertype:EPC(Inconsortium)
BOCAMINA COAL POWER PLANT 370 Coronel,MW Chile
IOWA AMMONIA COMPLEX 20 MW Wever, Iowa, USA** Client: ORASCOM E&C Contract type: EP
WAFA GAS PLANTS PROJECT DESERT & COASTAL 120 MW Mellitah and Ghadames Basin, Libya***
2022 ** Utility plant *** Power utilities projects < 200 Mn Euro 200 to 500 Mn Euro 500 to 1,000 Mn Euro > 1,000 Mn Euro 55 2 | MAKING THE ENERGY TRANSITION HAPPEN 4CHAPTER3CHAPTER1CHAPTER2CHAPTER
GREEN CHEMISTRY & RENEWABLES>30TECHNOLOGIESINGREENACCELERATIONPROCESSING56 ENERGY 2021 FACTS & FIGURES
NextChem’s MyRechemical waste-to-chemicals conversion technology allows the production of “circular” fuels like circular hydrogen, methanol and ethanol.
Low-carbon Refinery: we are also developing technologies for advanced 2nd generation biofuels. These types of biofuels will be a will be a driver for decarbonization in the transportation sector, especially for long-haul road-transport and air travel, where electrification is more challenging. In partnership with Saola Energy, NextChem has introduced in its portfolio an innovative solution for small scale hydrogenated vegetable oil (HVO, also called Renewable Diesel) plants, tackling feedstock availability limitations while reducing logistics, transportation costs and operations complexity. The partnership with GranBio means our portfolio now includes the 2G Ethanol technology that converts lignocellulosic, non-food biomass to renewable, low-carbon intensity biofuels.
Low-carbon Polymers and Plastics: our proprietary MyReplastTM Upcycling technology can starting from plastic waste, produce new raw materials which can substitute virgin polymers in the production of high-value plastic goods. Thanks to the industrial roots and experience of our Group, today we know how to design future-proof biopolymers plants, based on biological feedstocks like sugars, instead of the conventional fossil-based. We also develop solutions for chemical recycling, which enable the treatment of a wider range of otherwise non recyclable plastics, turning them into valuable carbon neutral hydrocarbons for a true circular economy.
57 2 | MAKING THE ENERGY TRANSITION HAPPEN 4CHAPTER3CHAPTER1CHAPTER2CHAPTER
Low-carbon Hydrogen: the gateway to e-fuels and low-carbon Ammonia. A mix of innovative proprietary and well-established market technologies constitutes the engine of NextChem’s hydrogen proposition: a portfolio of complementary technologies that allows users to kickstart the new hydrogen economy, leveraging on the local availability of low-carbon resources and feedstocks, transforming them into hydrogen and its derivatives, like e-fuels for the heavy mobility decarbonization, or low-carbon Ammonia and Green Fertilizers.
We aim to develop solutions for scaling technologies in the industrial sector and for the widespread substitution of traditional transport fuels, petrochemicals and fertilizers, biobased feedstock alternatives.
The raw materials and processes of the decarbonized era are changing: fossil fuels are increasingly being substituted by renewable sources, and recycled materials from waste are integrating and partially substituting extraction and manufacturing of new materials. In addition, processes based on biomass are now opening new routes to carbon neutral alternatives of conventional fossil-based products, like bioplastics and biofuels.
Renewable power generation is the foundation and the beating heart of the Energy Transition: Renewable energy projects have been increasing in size in many countries, and our subsidiary Neosia Renewables is here to provide the market with high-quality services along the whole renewable value chain, from development and design to engineering, procurement and construction, leveraging our Group’s global network and our wide and deep project management experience.
WASTES AND BIOMASS AS THE NEW CARBON NEUTRAL FEEDSTOCKS FOR INDUSTRY
WE ARE FOCUSED ON RENEWABLE POWER GENERATION
In a nutshell, NextChem within Maire Tecnimont is specialized in the development and deployment of new processes and products, starting from non-fossil feedstocks and renewable energy sources, and closing the loop by enabling a circular and carbon neutral economy. New feedstocks call for new processes: another step forward in the green acceleration.
Carbon Capture Storage and Utilization: the flow is being reversed, from the extraction of hydrocarbons to the re-injection for sequestration and safe storage, from dumping a waste gas into the atmosphere, to its recycle and utilization as a precious source of carbon. Carbon Capture today represents one of the immediately applicable bridging solutions that can allow society to achieve its long-term carbon neutrality goal, even for hard-to-abate sectors. NextChem in this field can leverage on decades of experience in Capture from the Group, and on its solution for carbon utilization.
NEW FEEDSTOCKS FOR NEW PROCESSES: THE GREEN ACCELERATION STARTS HERE
The Green Circular District model is mainly aimed at green recovery of industrial brownfield sites, above all in the petrochemical and steel sectors. The aim of the Green Circular District is to produce circular chemicals and recycled polymers, to be used in industrial processes replacing fossil products and recycling waste, allowing industrial sites to reduce CO2 emissions and to increase the amount of recycling, improving the circular economy.
PROCESSING ENERGY 2021 FACTS & FIGURES 58
NextChem is Maire Tecnimont Group’s company for the development of technologies and end-to-end solutions from renewable electrons to low-carbon molecules dedicated to green chemistry and to the energy transition. NextChem has a portfolio including proprietary technologies, exclusive licensed technologies, technology integration platforms, and EPC NextChemcontracts.playsapartner and coordinator role in several international research projects. NextChem’s roadmap is focused on three clusters: Greening the Brown - technologies for the reduction of pollutant and GHG emissions released from existing plants; Circular Economy - technologies for the mechanical and chemical recycling of plastic waste and other discarded materials; Green-Green - technologies which use biomass or biological raw materials to produce intermediates, bio-fuels and bio-plastics. NextChem’s portfolio also includes different technologies to produce renewable and low carbon
NextChem’s model is a virtuous circle for the economy’s green relaunch: it combines a circular
economy with decarbonization goals, for the development and sustainable recovery of traditional sites based on fossil sources, and it is useful for a green relaunch of local economy, to create employment and new skills. Lastly, the production of chemicals which are building blocks for industry using existing sites and waste as feedstock allows plant operators to reduce their supply of virgin raw materials.
NextChem’shydrogen Green Circular District
NextChem has developed the Green Circular District Model which integrates Upcycling technology and chemical recycling of plastic waste and dry waste into syngas and “circular” chemicals with technologies for the production of green hydrogen from renewable sources by electrolysis. This model integrates already-proven proprietary and licensed technology, available and ready to be industrially implemented, and it allows NextChem to build industrial projects which are environmentally, socially and economically sustainable.
2G ETHANOL
NextChem is the only company in the world to have an industrially validated technology that uses agricultural and forestry industry waste as feedstock to produce 2G Ethanol
NextChem: the company and business areas
CO2 CAPTURE AND REUSE
NextChem has been awarded by ENI the engineering design for a carbon capture plant at the natural gas plant of Casalborsetti, in the province of Ravenna, Italy. The plant will be able to separate the CO2 from emissions from the natural gas plant’s turbo
NextChem has partnered with GranBio to license GranBio 2G Ethanol technology for cellulose ethanol production worldwide. GranBio’s Ethanol 2G technology is able to convert non-food biomass into low carbon and renewable biofuels, with innovative solutions to reduce water waste and to recover residues from the process.
Memorandum of Understanding for the realization of a new biorefinery in South America for the production of Renewable Diesel. The biorefinery will be able to produce 200,000 tons of high-quality Renewable Diesel per year from second-generation organic feedstocks (non-food competitive).
The capture of CO2, its value enhancement and its reuse are a fundamental component in reducing greenhouse gas emissions necessary to achieve climate goals aimed at containing global warming. In order to achieve climate neutrality by 2050, the contribution of technologies for the capture, valorization and sequestration of CO2 will be crucial.
59 2 | MAKING THE ENERGY TRANSITION HAPPEN 4CHAPTER3CHAPTER1CHAPTER2CHAPTER
NextChem collaborates with Saola Energy to license a technology to produce renewable diesel from vegetable oils and residual fats, suitable for both small plants to be integrated with existing sites, as well as for large production units. NextChem and Saola Energy combine know-how and experience to develop a “turnkey” market solution.
RENEWABLE DIESEL
Bioplastics
NextChem is the licensor of combined technology and provides customers with engineering, procurement and construction services and training to ensure full success in the use of technology. NextChem and Essential Energy USA Corp. signed a contract of Front-End Engineering Design and a
NextChem has also been awarded a contract by TotalEnergies to carry out a FEED and supply its technological know-how to implement a Sustainable Aviation Fuel (SAF) plant in Grandpuits, France, capable of processing 400,000 tons/y. The project is part of the plan to convert the Grandpuits Refinery into a zero-crude platform that will include a Bio Refinery, where NextChem is already engineering Europe’s first plant to produce compostable and biodegradable plastics, with a capacity of 100,000 ton/y.
NextChem is working to increase the availability of sustainable plastic in Europe. NextChem has been awarded a contract by Total Corbion PLA, a 50/50 joint venture between Total and Corbion, to carry out a Front-End Engineering Design for its 100,000 tons per annum Poly Lactic Acid (PLA) plant in Grandpuits, France. The plant, due to be operational in 2024, will be the first of its kind in Europe Maire Tecnimont Group’s heritage in polymerization of traditional plastics combined with NextChem’s portfolio of innovative solutions for green chemistry ensures the necessary know-how to manage this industrial project.
Hydrogen is at the center of the challenges related to global warming. Its characteristics make hydrogen
Waste to chemicals
NextChemworldwide.hasdeveloped a range of solutions that recycle CO2 to produce new chemicals, in view of an increasingly circular economy based on industrial symbiosis.
Chemical recycling can recover plastic and dry waste that is no longer recyclable. Waste to Chemicals and Waste to Fuels solutions, which NextChem has developed through its subsidiary MyRechemical, can transform waste into high-quality chemical materials and low carbon fuels, such as hydrogen, methanol, ethanol.
NextChem and Paul Wurth, a company of the SMS Group and leading technology provider for the steel industry, will join forces to promote the combined use of electrolysis and syngas production in the iron and steel industry. The cooperation between NextChem and Paul Wurth is aimed at developing an advanced technological solution to convert natural gas into synthesis gas, known as syngas, to be used during iron ore reduction. The utilization of syngas (a mixture of carbon monoxide and hydrogen) allows for the decrease in the portion of fossil fuels required, thus reducing CO2 emissions in steel production process.
NextChem, through MyRechemical, signed an agreement with Johnson Matthey, a global leader in sustainable technologies, for cooperation to commercially develop “waste-to-methanol” technology worldwide. The methanol derived from this process can be used as an intermediate for low-carbon additives in the blending of gasoline and diesel, replacing the fossil-based component with one derived from recycling, as well as a raw material for the chemical, construction and plastic industries. Ultimately this ensures a lower carbon footprint, demonstrating the sustainability of this
compressor, purifying and compressing them, thus allowing the capture of about 25,000 tons per year of carbon dioxide which would otherwise be released into the atmosphere. The technology used for the capture of CO2 in emissions gasses operates at high efficiency and low power consumption even at low concentrations. It has already been widely used to capture emissions of hard-to-abate industrial sectors
technology. Methanol is an important intermediate product used in many goods that play a role in everyday life such as resins, plastics, insulation and fibers. It can be used as a fuel in transportation and, critically, is a potential enabler for decarbonization. NextChem also signed an agreement with Acciaierie d’Italia for a feasibility study to use circular gas (syngas) in the Taranto steel mill. This circular gas is obtained thanks to NextChem’s Waste-to-Chemical technology, which is based on the recovery of carbon and hydrogen present in plastic and dry waste through a partial oxidation process.
NEXTCHEM’S TECHNOLOGIES FOR LOW CARBON HYDROGEN
Electric BlueTM Hydrogen H2 from Renewables & NG/Biomethane H2 Nat. Gas & Biomethane(feedstock) less45%*CO2production *vs. conventional SMR Grey Hydrogen. Representing the bridging solution toward a 100% Green Future xH2 production per MWh of energy vs. Green H2 carbon footprint with biomethane gas -4 PROCESSING ENERGY 2021 FACTS & FIGURES 60
NextChem’s portfolio includes different technologies for the production of hydrogen. Electric Blue HydrogenTM, produced from natural gas, through the electrification of the process, allows for a significant reduction of CO2 while capturing, and possibly re-using, the CO2 emitted. Green hydrogen, produced by electrolysis from water, electricity and renewable sources, allows for a potentially net-zero greenhouse gas impact. Circular HydrogenTM, produced by the chemical conversion of waste, is the perfect circular economy solution with a favorable overall carbon footprint.
NextChem and MYTILINEOS’ Renewable and Storage Development Business Unit have signed an agreement to develop engineering activities for the implementation of a green hydrogen plant via electrolysis in Italy. MYTILINEOS will leverage NextChem’s and Maire Tecnimont Group’s know-how and engineering expertise in hydrogen technologies to grow in the hydrogen business. The project, which will convert renewable energy from one of MYTILINEOS’ solar plants into green hydrogen, to be followed by other plants as well, aims to provide local off-takers with a carbon-neutral energy carrier alternative that could allow for effective decarbonization including in hard-to-abate industrial sectors.
a fundamental energy carrier, as it is usable as a fuel and as a chemical raw material in many industrial processes, it is storable and is transportable over long distances. NextChem has in its portfolio the best end-to-end value proposition for renewable and low carbon hydrogen-based projects
Green Hydrogen
Circular HydrogenTM H2 from Non-Recyclable Plastic Waste Chemical Conversion less90%*CO2production Syngas Additional revenue stream from waste management, synergies with waste companies 0 carbon intensity H2 achievable with carbon capture Plastic non-recyclable&waste(feedstock) *vs. conventional SMR Grey Hydrogen and waste incineration, carbon neutrality achievable with CO2 capture. Methanol EthanolHydrogen 61 2 | MAKING THE ENERGY TRANSITION HAPPEN 4CHAPTER3CHAPTER1CHAPTER2CHAPTER
Green Hydrogen H2 from Water Electrolysis (feedstock)Water CO0%2emissions No stack & no emission 0 carbon intensity H2, leveraging on low-cost renewable energy A feedstock for CO2 and RES valorization as carbon neutral e-fuels and chemicals
RenewableEnergy
FOCUS ON LARGE SCALE PROJECTS
The commercial rollout of green hydrogen needs to be a step by step process. We must develop and build the first industrial demonstration projects as quickly as possible, targeting
AlbertoONETHREEHYDROGEN:TECHNOLOGIES,PARTNERLittaModignani
A THREE-FOLD APPROACH
With Fersam Uruguay S.A., NextChem will develop projects in Latin America for the production of green ammonia from renewable sources and second generation bioethanol from non-food biomass.
its agricultural output and its smallholder farmers and communities. The plant will be located near the country’s largest geothermal energy basin and will be partly powered by solar energy sources produced on-site - displacing the need for fossil fuels - and eliminating carbon from the production. The facility will reduce carbon emissions by approximately 100,000 tons of CO2 per annum, compared to a gas-based fertilizer plant.
Thepossible.process
2021 FACTS & FIGURES 62
A DIVERSIFIED VALUE STREAM
produce Green Hydrogen by electrolysis powered by energy from renewable source. NextChem has its own ElectricBlue HydrogenTM technologies, which is related to the electrification of the existing steam reformers which allows a 50% reduction of CO2 emissions. Another technology is what we call Circular HydrogenTM, which enables the production of hydrogen from plastic waste and we are constantly looking for new emerging technologies, support their growth and make them bankable. Then we have a third approach, which is co development. We are willing and able to coinvest with the main project developers as minority partners under certain conditions, because making the energy transition happen fast is about sharing risks.
NextChem Hydrogen Vice
One of the keys to adoption will be to find a diversified stream for hydrogen usages. Projects need a main usage, which can then be augmented by further value streams. The goal is to create as many value streams as
GREEN AMMONIA
We have a three-fold approach to the energy transition market. As EPC contractors we are agnostic about integrating mature technologies. For instance we know hydrogen electrolysis very well and how to deal with hydrogen in general. But we are also experts in renewable power, in downstream processes and in CO2 handling. So we are very well placed for designing and integrating complex and long value chain green hydrogen based projects at scale. Our second approach is technology-driven, based on a business point of view. We can
a plant size for electrolysis of 20 or 30 megawatts as a minimum, keeping in mind the scale up in a second or third phase by an order of magnitude and more.
industry is a very good niche to start with. We need to create hydrogen valleys, and other ecosystems offering different potential offtakes. Ports are an ideal ecosystem for green hydrogen, because of the rather limited perimeter and short value chain, minimizing the obstacles of transportation and storage. The energy transition is an equation with more than one variable.
Maire Tecnimont Group is also working to enhance the potential of decarbonizing the fertilizer industry by using renewable energy as a feedstock. MET Development, Stamicarbon and NextChem have started work on a renewable power-to-fertilizer plant in Kenya. MET Development has signed an agreement with Oserian Development Company for the development of the plant at the Oserian Two lakes Industrial Park located on the southern banks of Lake Naivasha, 100 kms north of Nairobi. The renewable power-to-fertilizer plant will support Kenya’s low carbon and inclusive growth,
PROCESSINGPresidentENERGY
63 2 | MAKING THE ENERGY TRANSITION HAPPEN 4CHAPTER3CHAPTER1CHAPTER2CHAPTER
Neosia Renewables: EPC contractor for sustainable power generation
all international operators. In 2019, Neosia completed work a 300 MW windfarm in Amistad, Mexico.
MAJOR INFRASTRUCTURE SYNERGIES WITH NEXTCHEM
The Group strategy is based on the view that renewable energy projects have been increasing their size in many geographies and the project management experience of a reputable engineering contractor such as Maire Tecnimont can be positively recognized by international operators. Neosia Renewables provides high quality services along the whole value chain, from development and design to EPC, leveraging the Group’s global network. Neosia’s expertise in renewable energy infrastructure creates strong synergies with NextChem for green hydrogen production powered by sustainable energy sources.
SUBSTATION SUBSTATION TRANSPORTATIONINDUSTRY SMALL CONSUMERS PROCESSING ENERGY 2021 FACTS & FIGURES 64
provides high quality services along the whole value chain, from development and design to engineering, procurement and construction, leveraging our Group’s global network. Renewable energy projects have been increasing in size in many countries and our wide and deep project management experience in the engineering and contracting sectors for large projects positions us well to satisfy the most stringent requirements of
We operate worldwide in the wind and solar power sectors through our dedicated Neosia Renewables Neosiasubsidiary.Renewables
MORE THAN 1,000 mw wind 800 mw solar
MORE
MANAGED THAN
BUILT
Neosia Renewables goal is to create value through processes that are based on Innovation, technology driven activities (digitalization: BIM - AWP modelling) starting from the first phase of basic design, detailed design, procurement, construction phase and commissioning; this is coming from our culture and our vision.
EPC CONTRACTOR FOR LARGE
BUILDINGSINTEGRATEDPROJECTSSCALESMARTEFFICIENCY CO-DEVELOPMENTINTEGRATIONNEXTCHEM (H2 / DESALINATION) 65 2 | MAKING THE ENERGY TRANSITION HAPPEN 4CHAPTER3CHAPTER1CHAPTER2CHAPTER
MORE THAN 560 mw wind 300 mw solar
MORE THAN 480 mw wind 150 mw solar
Neosia Renewables activities also integrated with NextChem is one of our pillars of development: an integrated system that manages discontinuous energy flows from renewable sources to the electrochemical process as for example in Green Hydrogen produced by electrolyzers.
500 mw wind 150 mw solar
DESIGNED
DEVELOPED
Partner: Not disclosed
AMISTAD WIND FARM Coahuila, Mexico
WASTE TO HYDROGENMETHANOL/Toscana Partner: ENI WASTE TO LazioHYDROGENETHANOL/
SAOLA TECHNOLOGY LICENSING Kansas, USA
WASTE TO HYDROGEN Liguria Partner: IREN
Client: ContractFERSAMtype:FS
Kenya
ONGOING PROJECTS
Client: Oserian Development ContractCompanytype: FS
Client: Producer of Renewable Fuels Contract type: FS 24
* project on hold as from 2022 < 200 Mn Euro 10STUDIESFEASIBILITYONGOING111213141516WASTETOMETHANOLLombardia
Client: ContractTotalEnergiestype:FEED
WASTE TO HYDROGENMETHANOL/Sicilia Partner: ASJA AMBIENTE
GREEN AMMONIA USA
PLASTIC UPCYCLING Italy
MAIN COMPLETED PROJECTS
GREEN AMMONIA South America Client: ContractFERSAMtype:FS
Client: Greenfield Nitrogen Contract type: FS
LOW-CARBON HYDROGEN VIA RussiaCPO*
Client: Paul Wurth, SMS Group Contract type: EP 23
WASTE TO PugliaHYDROGENSYNGAS/
2
FranceBIO-REFINERY
CO2 ItalyCAPTURE
Client: Enel Green Power United ContractStatestype: FEED
EuropeBIO-REFINERY
Client: ContractUndiscolsedtype:EPC
WASTE TO ToscanaETHANOL/HYDROGENMETHANOL/ Partner: ALIA SERVIZI AMBIENTALI Three projects ongoing
SouthBIO-REFINERYAmerica
Client: ContractENItype: Detailed Engineering Design for EPC
Client: Aliplast (HERA Group) Contract type: FEED
WASTE TO HYDROGEN Italy
Client: ContractEKAEtype:
GREEN HYDROGEN PLANT USA
PLASTIC UPCYCLING Italy
2221
Partner: Not disclosed
MyReplast Industries Contract type: FS
Client: Total Corbion Contract type: FEED
PROCESSING ENERGY 2021 FACTS & FIGURES 66
314 6578
Client: Essential Energy Contract type: FEED
201918
GREEN FERTILIZERS
GREEN HYDROGEN PLANT Italy Client: Mytilineos 17 9 BIO-POLYMER: PLA France
Partner: ENI and Arcelor Mittal
2G SouthETHANOLAmerica
1 8 10 9 4 65 22 3 20 21 23 24 11 1213 1415 16 19 2 7 17 18
Client: ContractENItype: FS
The technology for CO2 capture in flue gasses has already been widely used for emissions of hard-to-abate industrial sectors worldwide. In the early days, the captured CO2 would be mainly used to enhance the production of downstream processes (Urea or Methanol). With this innovative solution, the CO2 can be sequestered and stored for good, reducing the greenhouse gas generated by industry.
This carbon capture plant will be able to separate the CO2 from emissions from the natural gas plant’s turbo compressor, purifying and compressing it, thus allowing the capture and handling of about 25,000 tons per year of CO2 which would otherwise be released into the atmosphere. It calls for cooperation among partners in Germany, in Japan and in Italy. The coordination during the Covid-19 pandemic restrictions was successful thanks to the professionalism and the intercultural awareness shown by the team members involved.
ENI CASALBORSETTICCS
This project located in the area of Ravenna, Italy tackles an issue of great importance for the global environment, namely the capture
“WITH THIS INNOVATIVE SOLUTION, THE CO2 WILL BE STORED FOR GOOD, REDUCING THE GREENHOUSE GAS GENERATED BY INDUSTRY”
RAVENNA
VALUE CREATION
of CO2, contributing to the decarbonization process needed to contrast climate change. In contributing to reducing greenhouse gases, the project transforms this issue into a resource for the local community.
Gabriele Albasio NextChem Head of Business Development Carbon and Emission Reduction
WHERE RAVENNA, ITALY SECTOR GREEN CHEMISTRY & RENEWABLES CLIENT ENI STATUS ONGOING KEY NUMBERS AMOUNT OF CO2 TREATED: 25,000 TONS PER YEAR CAPACITY OF CO2 STORAGE: 10 MTON/YEAR 67 2 | MAKING THE ENERGY TRANSITION HAPPEN 4CHAPTER3CHAPTER1CHAPTER2CHAPTER
INNOVATION
CHALLENGE
PROCESSING ENERGY 2021 FACTS & FIGURES
FORINNOVATINGSUCCESS
85
DIGITAL TRANSFORMATION
PEOPLE 70 OUR
HEALTH, SAFETY, ENVIRONMENT ACCOUNTABILITY
& SOCIAL
Maire Tecnimont has implemented a wide-ranging open innovation program leveraging the experience of as many people as possible within our Group and with partners. As an EPC contractor, we are technology-agnostic, adapting our digital approach to what is available on the market and in other industries, to learn from the ecosystem. Our new Maire Tecnimont Foundation, Evolve, is responding to the vast environmental and social needs of our times and the digital revolution by contributing to training the engineers of tomorrow.
The energy transition calls for innovation not only on the technological front, but also to think outside of the box in terms of collaborating across sectors to build the circular economy into industrial processes. STRATEGYSUSTAINABILITY INNOVATION
74 OPEN
82
84
CULTURE 88 3 4CHAPTER2CHAPTER1CHAPTER3CHAPTER
The lessons learned from the Covid-19 emergency demonstrate that the twin accelerators of climate change and digitalization make innovation more important now than ever, embracing the areas of training, research, HSE, sustainability strategy and technology all across our Ourcompany.digital
TECHNOLOGICAL PORTFOLIO
capabilities increasingly give us powerful tools to engage clients, partners and stakeholders with a wealth of new data, making us even more efficient. Innovating through digital technology helps plant owners meet their energy transition goals. Companies that seize the opportunity to reinvent entire processes from start to finish, investing in digitalization for the long term, are the ones that will end up being the market leaders.
AT THE CENTER OF OUR SUCCESS. PROTECTING THEIR HEALTH AND SAFETY, AND PROMOTING THEIR PROFESSIONAL DEVELOPMENT, ARE STRATEGIC PRIORITIES NECESSARY FOR OUR GROWTH.
Theworld.female
PEOPLEOURPEOPLEARE
As part of our commitment to the development of human capital, we extended our projects with universities and partnerships with various Masters programs, which are a fundamental driver for growth. In terms of Health, Safety, Environment and Social Accountability, we have provided more than
The Flourishing Program, which in its initial phase involves over 450 people in Italy and India, demonstrates the important role played by young people in Maire Tecnimont’s overall human resource strategy. Thanks to this initiative, this segment of the company’s workforce will be mentored and supported by more senior colleagues, with a view to the exchange of intergenerational skills
OTHERS10%CONTENTMANAGEMENTPROJECT4%SOFT4%SKILLS ACCOUNTABILITYHSE49%&SOCIALCYBERSECURITY12%ICT&21%SPECIALIZED/TECHNICAL
The Maire Tecnimont Group strives to create an environment that allows everyone’s talent to emerge, through the launch of programs that promote innovation and enable our People to fully express their strengths, capabilities and potential. With a staff of 76 different nationalities, the strong multicultural identity of our Group gives us an edge in the 45 countries where we operate around the
five million hours of training in the last three years alone: this commitment helped to ensure that once again in 2021 our average injury rate was well below the sector averages. Our investment in developing new talents continued in 2021 with the launch of the Flourishing Program aimed at our high potential under-40 population.
presence stands at 21%, in line with industry benchmarks. The economic recovery enabled us to increase our employment rate last year across almost all our geographies.
On the Social Accountability front, we maintained our multi-site SA8000 certification in 2021, confirming the Group’s strong commitment to fundamental values such as respect for human rights, protection of the individual and promotion of his or her well-being.
BREAKDOWN OF TRAINING BY
MAIRE TECNIMONT LAUNCHES THE FLOURISHING PROGRAM
PROCESSING ENERGY 2021 FACTS & FIGURES 70
Maire Tecnimont’s Flourishing Program aims to create the “management of the future” by scouting out promising employees under the age of 40 and providing them with a tailor-made development path, so that they can successfully take up and offer their own take on the challenge of the energy and digital transformations taking place within the Group. This Program will also guarantee a smooth succession planning for project and departmental management positions.
71 3 | INNOVATING FOR SUCCESS 4CHAPTER2CHAPTER1CHAPTER3CHAPTER
with STEM degrees. With specific reference to the main European companies, the equal-pay analysis reveals the absence of a gender gap when staff join the Group and a reduction in the gender salary ratio, taking into consideration the remuneration of female employees - up to 30 years old - with white collar and middle management roles. With regard to executives aged over 50, on the other hand, there has been a slight decrease, of 3 percentage points compared to 2020.
Maire Tecnimont Group continued to invest in young people, with 31% of permanent recruitment in 2021 made up of staff aged 30 or lower, 90% of them being graduates in engineering and other technical disciplines. The average age at our company was 43 years old, in line with 2020, and the average age of top and middle management was 46.7 years (48 in Italy and 45.2 abroad). For white collar staff the average age is lower, at about 39, without a substantial difference between Italy and overseas. Our local content hiring strategy allows us to develop a competitive positioning advantage and generate added value through the transfer of skills and know-how, by incorporating workers from the local supply chain into our workforce. This is confirmed by the fact that 89% of the 6701 new hires made for the project teams at the various sites and recruitment in the North Africa & Sub-Saharan Region, for the launch of certain projects, concerns staff of local nationality.
To achieve this, Maire Tecnimont created opportunities for its employees to discuss and listen to each other on the topics of gender diversity and inclusion, activating engagement and training as an integral part of the Group’s sustainability strategy. This also strengthens the heritage of ethical principles and values on which we base our identity and culture.
These sessions, through various focus groups and idea generation workshops, involved more than 50 colleagues in 2021, with different professional and cultural backgrounds, geographical origins and seniority. They provided ideas and feedback related to gender inclusion for a Diversity, Equality & Inclusion program to be carried out soon and of even greater scope.
Each of our corporate functions encourages a process of awareness and sensitization, also in terms of leadership model and behaviour, to achieve an increasingly broad recognition and expression of everyone’s talent. Inclusion allows us to maximize the opportunities of value creation, competitive advantage and organizational well-being functional to the business.
(1) This figure does not include Italy, Rest of Europe and the Middle East.
With staff coming from 76 nationalities and operating in 45 countries around the globe, Maire Tecnimont’s multicultural and diverse workforce is one of our most important assets on par with our over 1,800 engineering patents.
DIVERSITY & INCLUSION
PROCESSING ENERGY 2021 FACTS & FIGURES 72
In 2021, Maire Tecnimont Group’s staff rose about 7% to 6,358 employees, of which around 80% were permanent. The number of permanent employees hired in 2021 more than doubled to 480, compared to 233 in 2020. These numbers demonstrate our continuous investment in human capital and search for new talents able to support and contribute to the company’s long-term growth. Recruitment rose across all of the Group’s main foreign engineering centers: in Mumbai, at Tecnimont Private Limited, the increase was 180%; in TPI, Germany, 67%; in Stamicarbon, The Netherlands, 36% and, lastly, in Moscow, OOO MT Russia, 9%. The only decreases in personnel were in the Middle East area and Malaysia, and were due to the substantial completion of some projects that were located in those areas. When it comes to gender diversity, 21% of the Maire Tecnimont Group’s entire population were women in 2021, at the same level as 2020 and in line with all sector benchmarks. The Group is actively working to increase the number of female employees through the progressive and growing recruitment of women
International and diverse human capital
Maire Tecnimont aims to foster - without distinction and with the involvement of all employees - the sense of belonging and the awareness of being able to actively contribute to the company’s growth with one’s skills. The plurality and heterogeneity of our workforce is a shared value and an organizational, motivational and competitive asset.
+3,000PROFESSIONALS IN ELECTRICAL INSTRUMENTATIONAND ~9,358PEOPLE 6,358EMPLOYEES Our People in the world BREAKDOWN OF EMPLOYEES BY OPERATIONAL GEOGRAPHIC AREA Data as of 31/12/2021 NORTH AFRICA AND AFRICASUB-SAHARANREGION 324 INDIA, REST OF ASIA AND REGIONAUSTRALIAN 1,990 EAST EUROPE AND REGIONCASPIAN 940 MIDDLE EAST REGION 189 ITALY AND WEST EUROPE 2,882 REGION*AMERICAS 33 (*) In this representation "North America Region" and "Central and South America Region" are shown together as "Americas Region". 73 3 | INNOVATING FOR SUCCESS 4CHAPTER2CHAPTER1CHAPTER3CHAPTER
Our entry into the UN Global Compact in 2011 marked an important milestone. In the 10 years that have followed, our involvement has grown increasingly active. Recent years have seen us upgrade to «Participant» in the UN Global Compact, enter the Board of Directors of the Italian Network and sign the Women’s Empowerment Principles promoted by the UN Global Compact and UN Women. Following this, in 2021 we were particularly engaged in two working groups within the Italian Network: “Italian Business and Decarbonization Working Group: a just and inclusive transition” and “D&I Observatory”, pushing forward our commitment on some of ESG topics, in a peer-to-peer approach.
ECNANREVOG
VALUE ANDTERRITORIESFORCOMMUNITIES
OUR SUSTAINABILITY STRATEGY
WORK ON OUR NEW SUSTAINABILITY STRATEGY GOT UNDERWAY IN 2021, AS WE IMPLEMENTED PROJECTS AND INITIATIVES NECESSARY TO ACHIEVE OUR KEY PRIORITY GOALS IN 2026 AND, MORE IN DETAIL, MEET THE COMMITMENTS LAID OUT IN OUR ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) PLAN.
GOVERNANCE
CIRCULAROFCREATIONINNOVATIONTHATBRINGSWELL-BEINGCLIMATE,ECONOMY,ENVIRONMENTALSUSTAINABILITY
OUR PEOPLE AND THE VALUE OF H&S AND DIVERSITY
ECNGOVERNANCEGOVERNA
PROCESSING ENERGY 2021 FACTS & FIGURES 74
SUSTAINABILITYSTRATEGY
Maire Tecnimont Group made progress in 2021 in the four cluster areas of its sustainability strategy: Climate, the circular economy and the environment; Health, safety and diversity; Innovation that creates well being; Value for communities where we operate. We have indicated specific targets for our ESG agenda to be achieved over the duration of our strategy. In the Environment cluster, we are prioritizing the fight against climate change by reducing our emissions; reducing the emissions of plants we build or revamp for customers; and developing and deploying new technological
solutions that are already low or zero carbon and that allow us to achieve carbon neutrality objectives more quickly. In 2021 we set up Met Zero, a Technical Task Force dedicated to CO2 reduction, and created vertical working groups aimed at reducing our Group emissions to achieve carbon neutrality targets. In 2021 we signed several plant engineering agreements with clients interested in our energy transition technology portfolio in Europe, the USA and South America, India and the Middle East to eventually build plants that, once in operation, will reduce greenhouse gas emissions.
Lastly, we have set ever-higher targets for creating value in the areas and communities where we work, in terms of In-Country Value and Corporate Social Responsibility. Along with our help to communities during the Covid emergency, we were particularly active in India in 2021, where we set up a centre for Research on Waste Recycling and Circular Economy created with the National Institute of Technology, Karnataka (NITK) to train local professionals.
EVOLVE, MAIRE TECNIMONT FOUNDATION
The Maire Tecnimont Foundation will draw from an historical archive of 7,000 drawings and projects by Italy’s most famous engineers and architects, and will be dedicated to training the “humanist engineers” of tomorrow. They will be able to contribute to the evolution of humanity by providing outstanding technological solutions, inspired by advances in technology and artificial intelligence and able to interpret social, ethical and environmental needs in the era of the energy transition and digitalization.
Engineering is now facing a major challenge: learning to understand and interpret scenarios that require historic paradigm shifts, providing creative, innovative and effective responses for a future that combines economic growth with the protection of our planet’s resources.
OUR COMMITMENT TO 14 SUSTAINABLE DEVELOPMENT GOALS ON A TOTAL OF 17 GOALS IDENTIFIED BY THE UN 75 3 | INNOVATING FOR SUCCESS 4CHAPTER2CHAPTER1CHAPTER3CHAPTER
Classical engineering must evolve to become “humanist engineering,” able to solve increasingly complex problems by applying the smartest innovations with a critical sense and a multidimensional vision.
In our Health, safety and diversity cluster, we are consolidating a strong focus on multiculturalism and inclusion. Safety was a main focus in 2021, (for example with the Stop & Coach Program), as were projects for wellbeing at work sites. We worked with internal focus groups and idea generation workshops to listen employees perception and proposals on D&I, and set up a Diversity & Inclusion working group. The Group’s new Flourishing Program created in 2021 selects young talents and helps them to grow more rapidly, creating the skills we need for our future.
This evolution inspired us in 2021 to create Evolve, Maire Tecnimont Foundation.
To this end, the Foundation will promote the dissemination of scientific content and socioeconomic studies along with the creation of a center of excellence for the development of skills. The Foundation will promote knowledge of the Maire Tecnimont Group’s historical heritage, using art and culture as a means of communication and networking, and will carry out educational initiatives and projects in collaboration with universities and for the benefit of local communities.
To meet our Innovation cluster goals, we are focusing on digitalization of our organization, engineering and even construction processes, delivering advantages including efficiency, improvement of predictive and control phases, and emissions reduction. We have also expanded and strengthened our partnerships with universities and Open Innovation projects.
ENABLER OF AN
Renewables ––ProjectEngineeringEfficiencyEnergyOurhydrogenstrategyBlue,CircularandGreen
ACROSSPETROCHEMICALSECONOMYHYDROGENIMPROVEOFENVIRONMENTALPERFORMANCESOFTRADITIONALPLANTSENABLEROFPLASTICSSUSTAINABILITYLIFECYCLENEW FERTILIZERSENERGYAUSEENABLERPOWEROFASUSTAINABLEOFGASASCO-PLAYERINTRANSITIONANDDEVELOPEROFRENEWABLES– IMPROVERS OF MOREPROCESSESSUSTAINABLEANDPRODUCTSACCELERATINGTOWARDSCARBONNEUTRALITY
1 Acquisition of goods and services
The Task Force was then divided into four vertical working groups, created in order to combat the different sources of emissions with action plans which aim to reduce the emissions generated by:
Development of technologies for Biofuels, RCF and SAF
Met Zero Task Force
CLIMATE, CIRCULAR ECONOMY, ENVIRONMENTAL SUSTAINABILITY
• a 20% reduction in Scope 1 and 2 emissions by 2023, with the addition of those related to business travel & commuting (compared to the 2018 baseline)
PROCESSING ENERGY 2021 FACTS & FIGURES 76
ENABLER OF THE ENERGY TRANSITION
2 Logistics and packaging
– Development of CO2 capture and CO2 reuse Development of Neosia
3 Energy consumed by offices and by travel (home-work trips and business trips)
2021 saw the establishment of the Met Zero Task Force, dedicated to the Group’s journey towards carbon Achievingneutrality.theobjectives of:
4 Activities on construction sites.
• Carbon neutrality on Scope 1 and 2 emissions by 2030
–––ofDevelopmentGreenAmmoniaMetZeroTaskForceActionplansonsustainablemobility,equipmentprocurement,logisticsandpackagingGreenVillageProject Recycling,Upcycling,ofDevelopmentBiopolymers,ChemicalEducation
The Task Force has a joint leadership, with the corporate figures involved in sustainability and organization on the one hand, and the permanent involvement of around fifteen people delegated by the respective departments - covering the areas of engineering, construction, organization, logistics, general services and sustainability - on the other.
• Carbon neutrality on Scope 3 emissions by 2050 will require work in two parallel areas (one short and medium-term, for the Scope 1 and 2 emissions, and one long-term, for the Scope 3 emissions), with focus relating to the sources of emissions.
b) install photovoltaic panels on the roofs of buildings and car parks for the production of electricity from solar sources, reducing emissions from diesel generators;
A focus on sustainability includes the application of a series of solutions to the Village and to the facilities, which are designed to:
c) further reduce CO2 emissions by using electric means of transport and supporting and promoting the planting of trees and green areas to compensate for the CO2 produced;
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The Green Village project is a new model for our construction sites, inspired by energy efficiency, the use of renewables, the reduction and recovery of water and waste and also the well-being of our people, through inclusiveness and multiculturalism.
e) encourage the use of recycled and recyclable materials for the construction of the Village and convert food waste into bio-gas for cooking.
a) reduce energy consumption through the use of materials with high thermal insulation, limiting consumption from air conditioning;
The purpose of the Green Village Project is to design support fields for construction sites with a new type of identity, with a focus on the themes of sustainability, energy efficiency and environmental impact. Attention will also be paid to the comfort and liveability of the spaces for the people who will live there. The master plan is established on various key directives and functional areas so that each area is clearly identifiable and organized in a reproducible framework for prefabricated modules. Each module is designed to be reused and potentially reconverted for different purposes, based on the client’s needs at the end of its use.
THE “GREEN VILLAGE” PILOT PROJECT
d) optimize water consumption through a wastewater purification system to irrigate green areas;
NEW DELAYED COKING COMPLEX
€4 bn
PROJECTS57%OFTHEPROJECTCOSTS
“WE PLAY A SIGNIFICANT ROLE IN THE WEINOFDEVELOPMENTECONOMICTHECOUNTRIESWHICHOPERATE”
BAYTOWN EXPANSIONCHEMICALPROJECT
The Engineering & Construction (E&C) sector is a major source of economic growth for many developing countries in which we operate; historically, however, the opportunities for local businesses and the local workforce to participate in this sector have been considered limited. Maire Tecnimont launched its In-Country Value (ICV) program in 2019 to support the development of the local workforce, the local procurement of goods and services, and the improvement of the business environment to support the socio-economic development of the countries where we operate.
Rijeka, Croatia
PROCESSING ENERGY 2021 FACTS & FIGURES 78
TOTAL SPEND ON GOODS AND SERVICES IN THE ENVIRONMENTLOCAL
Our multinational footprint gives us the opportunity to deal with multiple geographical and socio economic contexts. Listening to specific local needs has allowed us to develop a focus on the important role played by strong local “ecosystems” to ensuring our long-term growth. Collaboration with communities, creating local supply chains in each country and constant open dialogue with stakeholders within institutions and civil society are the cornerstones of the way we create value in the areas where we work. In particular, the Group’s 29 most representative projects around the world have been identified and with reference to these projects the total spend on goods and services, together with the economic development of labour and training in the local environment and at December 2021, amounts to more than €4 billion, corresponding to 57% of the costs of the projects.
strongly influenced by global geopolitical tensions and the introduction of national recovery plans, each with its own targets and deadlines.
Our plan developed in 2020 to enable a sustainable growth for the Group and its supply chain was implemented in 2021; the Maire Tecnimont Up
Texas, USA VACUUM HYDROTREATMENTGASOIL UNIT Donges, France
LOCAL CONTENT IN OUR MOST REPRESENTATIVE
Local content and economic development
The Covid-19 pandemic arrived at a moment when it had already become clear that the current economic model needed to transition to one based on greater environmental and social sustainability. This situation also highlighted an increase in the need for ICV in our areas. These regions were
OIL&GAS REFINING
program has involved an increasing number of strategic suppliers in detailed projects to support the growth of small/medium enterprises by leveraging Maire Tecnimont’s experience and know-how.
AMURSKY UI&OPROCESSINGGASPLANT,PACKAGE3 Svobodny, Russian Federation
PP PLANT (RAPID) Pengerang, Malaysia
PP PLANT Bathinda (Punjab), Northern India
UREA UAN PLANT Gemlik, Turkey
LPG TRAIN 4 ZCINA Hassi Messaoud, Algeria
NEW EUROPEAN PDH PROJECTPLANT Kallo Belgium(Kieldrecth),
Data as of 31/12/2021
GENERATIONHYDROGEN UNIT Mumbai, India
MODERNIZATION BAKU OIL REFINERY-HAOR PROJECT
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EPC WORKS FOR NO. 5 REFINERY PROCESS UNITS Kvstovo, Russian Federation
DELAYED COKING UNIT (DCU) OMSK REFINERY Omsk, Russian Federation
AGCC PE/PP/LAO Svobodny, Russian Federation
NEW HDPE, PP REVAMPING TheBatangas,Philippines
PP PLANTS Jubail, Saudi Arabia
LDPE/EVA PLANT Kazan, Russian Federation
AN, CAN, GRANULATIONASN PLANT Wloclawek, Poland
BOROUGE PP5 PROJECT Ruwais, UAE
TYPE OF PROJECTS: FERTILIZERS PETROCHEMICALS
have been developed to help us plan regional purchases, resulting in greater value and development of the economies of countries where the Group works.
SOCAR REFINING | SOCAR GHT | SOCAR ATU MEROX Baku, Azerbaijan
EPCI OF A PLATFORMINGNEWUNIT Luanda, AngolaREFINERYPORTWORKSREHABILITATIONFORTHEHARCOURT
AMMONIA UREA PLANT Kingisepp, Russian Federation
HDPE PLANT
Port Harcourt, Nigeria
SUPPLY OF MRU PACKAGES Port Said, Egypt
Within the ICV program, we have reviewed the way in which we approach our supply chain. New tools
PE PELLETTIZING AND BAGGING AREAS OF PRODUCTION PLANT N°4 Budyonnovsk, Russian Federation
UREA PLANT Togliatti, Russian Federation
HDPE PLANT (RAPID) Pengerang, Malaysia
FCC REVAMPINGUNIT Burgas, Bulgaria
Bathinda (Punjab), Northern India
“OUR ROLE AS A CORPORATE CITIZEN AS WELL AS A BUSINESS PLAYER IS STAKEHOLDERS”ASACKNOWLEDGEDSUCHBYOUR
Over time, Corporate Giving has become an increasingly valuable tool to transfer the economic value we generate as a business player deep into the social and economic systems of the areas where we operate. This deeper penetration broadens the scope of our twin roles in the community - social actor and creator of economic value - enriching the contribution that we can give back to communities. Our business presence in many geographical contexts necessarily brings us closer to the needs that emerge from countries and the people who live there. This local presence, at the same time, gives us the knowhow to help us to focus our resources in a long-term perspective, concentrating our giving initiatives on education and advanced training for the generations who will lead tomorrow’s socio economic development in these countries.
Corporate giving
Women’s empowerment has emerged as an important theme, so that the potential of a community can be fully expressed, including the fundamental contribution of women to the economy in the future balance of power. We plan our giving initiatives today with tomorrow’s stakeholders always in mind.
Discover more about Corporate Giving on 2021 PROCESSINGReportSustainability(page156).ENERGY 2021 FACTS & FIGURES 80 REPORT
This wide-ranging vision has not, however, led us to lose sight of immediate and pressing needs. We have responded to emergencies as they happen, with an approach called for by the situation. Our timely and tangible assistance programs during the second wave of COVID-19 in the first part of 2021 in India are an example of this approach.
In March 2021, thanks to the continued support of our Group, a scholarship program was launched to set up an interdisciplinary research center, the “Maire Tecnimont Center for Research on Waste Recycling and Circular Economy,” at National Institute of Technology, Karnataka (NITK), one of India’s 31 National Institutes of Technology. Annual scholarships are awarded on the basis of merit, income and gender balance. The center is part of Maire Tecnimont’s 2020 Corporate Giving directed towards developing new skills and high-level training courses in the field of the energy transition in India. As part of the agreement with NITK, the program created a small plant using food waste from canteens and halls of residence to generate biogas, which is needed on the NITK campus. The pilot plant, designed to serve as a functional facility for training young engineers to study the use of waste as a raw material, was inaugurated in March 2021. In addition to having an educational value for people at the NITK, when fully operational the plant will be able to cover part of the campus’s electricity needs by using the bio material (500 kg/day) produced internally (canteens, cafeterias, student lecture theatres). It will meet part of the campus’s energy needs while reducing the impact and emissions associated with NITK activities.
The scholarships will provide Bachelor of Technology (B.Tech) and Master of Technology (M.Tech) students with financial support to cover tuition fees and expenses for a period of 12 months. The collaboration with one of the most prestigious engineering institutes in India will also be an important opportunity for a mutual exchange of knowledge between our Group and IIT-B through a series of lectures and experimental thesis projects overseen by our technical teams.
HIGH-LEVEL TRAINING WITH THE NATIONAL INSTITUTE OF TECHNOLOGY Karnataka, India
TACKLING EDUCATIONAL POVERTY AND THE DIGITAL DIVIDE Mumbai, India
slum children in India have been severely affected by the disruption of access to education due to the Covid-19 pandemic, which has magnified the effects of the digital divide in the younger section of the population, exposing children to further educational poverty. Most children are also malnourished and lack the protein and the essential nutrients in their diet that allow them to develop properly, including cognitively. It is therefore essential not only to provide them with tools that facilitate learning, but often also to help them improve their health. The Maire Tecnimont Group decided to collaborate with India’s leading university and research institute, the Indian Institute of Technology - Bombay (IIT-B), to design and develop a project to encourage learning and access to digital tools for marginalized children in the Malwani slum, Malad, Mumbai. IIT Bombay works with Abhilasha Foundation to assess and monitor the nutritional status of underprivileged children in targeted urban areas and rigorously analyses the physical and cognitive health status and the impact of nutritional products on these children. This nutritional aspect is an integral feature that is a necessary prerequisite for the success of the project, which includes the creation of safe, equipped spaces for computer literacy classes.
Our Group, in collaboration with the Indian Institute of Technology – Bombay (IIT-B), is supporting a project that aims to provide higher education opportunities for deserving young people of both genders in Mumbai. The scholarship program allows economically marginalized but talented students to pursue higher education.
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SUPPORTING MERIT AND TALENT WITH THE IITB Mumbai, MarginalizedIndia
PROCESSING ENERGY 2021 FACTS & FIGURES 82
COMPANIES ALL OVER THE WORLD, OF ALL SIZES AND SECTORS, ARE FACING A PROFOUND TRANSFORMATION OF THEIR BUSINESS MODEL CALLING FOR A SHIFT TO OPEN INNOVATION BASED ON A CONSTANT DIALOGUE WITH THE OUTSIDE WORLD. MAIRE TECNIMONT HAS ADOPTED AN OPEN INNOVATION ECOSYSTEM THAT ALLOWS IT TO LEVERAGE EXTERNAL KNOWHOW TO DEVELOP NEW PRODUCTS AND SERVICES.
During 2021, we strengthened a few of our most important Open Innovation initiatives. Federated Innovation at MIND is a collaboration in the area of Green Tech and Sustainability with Italian energy companies A2A, Enel X and ENI. We worked together to set out an Innovation Agenda containing the strategic guidelines and objectives for the next 2 years. MIND is an innovation hub in Milan, Italy that involves national and international leaders to partner in scientific, technological and digital experimentation. The companies will experiment with technological, scientific and digital innovation projects using an innovative and collaborative methodology, the “Federated Innovation Model”, which combines open innovation with more traditional corporate innovation practices.
INNOVATIONOPEN
An Open Innovation management strategy is a critical success factor in today’s market, along with its implementation process that must become part of the corporate culture in the broadest sense. Given that sustainability issues are increasingly an integral part of corporate strategy, Open Innovation is essential to support the achievement of strategic sustainability goals and the expected business benefits, and contribute to the process of change and transformation of the company over time. The key element to address this profound transformation is Open “Green” Innovation – the right combination of innovation (product, service or process) and sustainability, in order to develop new sustainable solutions in line with the SDGs.
We participated in the 2021 edition of OPEN ITALY, a network bringing together large companies, Italian Startups and SMEs and innovation enablers such as accelerators, research centers, venture capitalists and young talents. Last year’s edition gathered 50 large corporations, 374 startup candidates and almost 2,000 solutions proposed to respond to company challenges. Maire Tecnimont contributes to OPEN ITALY through its green chemistry company NextChem, allowing the Group to capture a dealflow of solutions that represent opportunities for the development of green projects.
With innovation becoming a critical factor in success, in 2019 Maire Tecnimont established a synergetic collaboration with the LUISS Guido Carli University by launching a professorship for Open Innovation and Sustainability, the first of its kind in Europe, and in 2021 confirmed its commitment to the collaboration for the next eight years. Our collaboration with Luiss also includes contributing to the topic of the circular economy with lectures as part of the dedicated professorship.
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New open
was launched in 2021 by CDP Venture Capital, ENI, LVenture Group and ELIS, with the support of Corporate Partners ACEA, Maire Tecnimont and Microsoft. ZERO is part of the state-run investment fund Cassa Depositi e Prestiti (CDP) National Accelerator Network, and was created to support startups demonstrating strong business potential and a zero-impact solution for the environment. For Maire Tecnimont, projects like ZERO are an ideal way to strengthen or develop new partnerships. The program’s verticals are perfectly in line with the Group’s strategic objectives and the UN SDG’s.
Caracol and NextChem (Maire Tecnimont’s green chemicals company) created BELUGA, a joint research project to design the world’s first 3D printed monocoque sailing boat prototype using recycled MyReplastTM material. The boat was presented at the 2021 edition of the Fuorisalone furniture and design trade show in Milan. MyReplast technology combines innovative optical separation techniques with formulation processing in an extruder, making the process a true UpCycling. Contaminated, low value mixed polyolefin waste is thus restored to a level of purity and quality that allows it to be processed and made into new objects, replacing virgin polymers.
THE WORLD’S FIRST 3D PRINTED MONOCOQUE SAILING BOAT PROTOTYPE
CALL4Recovery is promoted by Università Campus Bio-Medico of Rome and Marzotto Venture Accelerator, and is supported by Italy’s electricity
group ENEL along with other major corporations including Maire Tecnimont. The goal is to support startups offering technological solutions in the field of energy transition and sustainability in line with five Key Focus Areas (Circular Bioeconomy, Circular Water Economy, Circular Energy Economy, New Circular Life Cycles, Circular City & Land). Maire Tecnimont is currently evaluating candidates to propose for inclusion in the Acceleration Program.
Italianinstrategiccollaborationsinnovation,andinitiatives2021CleantechAcceleratorZERO
ASSET FOR THE GROUP. THAT’S WHY WE HAVE INVESTED AROUND 35 MILLION EUROS IN INNOVATION OVER THE PAST FIVE YEARS.
At Milan’s Polytechnic University, at the entrance to the Chemical Engineering faculty, a plaque reminds students that in 1927 Montecatini (Tecnimont’s forerunner) was among the first companies contributing to the purchase of equipment for the newly established laboratory. The Group’s long standing collaboration with the Milan Polytechnic has been further strengthened with partnerships for research projects and the funding of a chair of “Engineering and Management of Chemical Projects”, launched in 2018 for 15 years, as well as an intense cooperation in the field of teaching, specialization and orientation of young people.
In the international field, the Group started working with BHOS (Baku Higher Oil School) in Azerbaijan in 2018, supporting the university’s specialization course and its research equipment. In India, a collaboration has been underway since 2020 with the National Institute of Technology Karnataka, with the opening in March 2021 of an interdisciplinary research center, the Maire Tecnimont Centre for Research on Waste Recycling and Circular Economy. Further projects are underway with the Technical University of Eindhoven, the École des Mines in Paris and the Spanish research center Tecnalia.
NEXTCHEM PARTNERS WITH LA SAPIENZA UNIVERSITY FOR GREEN CHEMISTRY
6 INNOVATION CENTERS 30 PARTNERSHIPS FOR TECHNOLOGICALDEVELOPMENTINNOVATION
PORTFOLIOTECHNOLOGICALWITH1,857PATENTSINOURTECHNOLOGICALPORTFOLIO,OURINTELLECTUALPROPERTYISAKEY
~80 INNOVATION PROJECTS 76 PEOPLE INVOLVED IN RESEARCH & DEVELOPMENT PROCESSING ENERGY 2021 FACTS & FIGURES 84
The first research project is Waste To Chemicals, looking in particular at both the optimization of the incoming waste during the feeding phase, and for the study of thermodynamic reactions inside the plant.
AND R&D
Our technological portfolio of over 1,850 patents involves 80 innovation projects, 30 partnerships for technological development, 6 innovation centers, and around 88 people involved in research. Important partnerships are underway with Rome’s La Sapienza University in the field of technologies for the energy transition and in the socio-economic area, as well as with the Bio-Medical Campus, in the context of the master’s degree course in Chemical Engineering for Sustainable Development. Other Italian academic partners include the University of Salerno and the University of Messina.
NextChem and Rome’s Sapienza University have agreed to work together on a project called the GREEN CHEMISTRY AND MECHATRONICS OPEN INNOVATION LAB A new innovative advanced research lab will be created inside NextChem’s headquarters in Rome, where a group of scientific researchers from the university and engineers from the Marie Tecnimont Group will work side by side. Two La Sapienza University departmentsMechanical and Aerospace Engineering (DIMA) and the Department of Chemical, Materials and Environmental Engineering (DICMA) – will have joint scientific responsibility for the project.
significant contribution to the energy transition, leveraging its portfolio that combines green chemistry-oriented initiatives with digital technology solutions to facilitate their industrialization and implementation during plant construction. The digitalization path that our Group began in 2015 has equipped us with a suite of digital solutions covering on the entire plant chain, starting from their construction (through the portfolio of EPC solutions) to their operations (NextPlant), with the fundamental objective of reducing the TCO (Total Cost of Ownership) of the new and sustainable industrial
In order to achieve carbon-neutrality goals by mid-century, new industrial plants must be greener at the outset starting from the design stage, evolving from static complexes to adaptive platforms through transitional phases.
Thecomplex.diagram
TRANSFORMATIONDIGITALDIGITALTRANSFORMATIONANDTHEENERGYTRANSITIONARECOMPLEMENTARYANDINTERCONNECTED:DECARBONIZATIONGOALSFORINDUSTRIALPLANTSCANONLYBEEFFECTIVELYACHIEVEDBYLEVERAGINGSUSTAINABLEDIGITALIZATION. FEASIBILITY OURFEEDDIGITAL COMPREHENSIVE SUITE IS DEVELOPED TO PROACTIVELY MEET CLIENTS NEEDSOPERATIONSAdvanced E-P-C planning & monitoring E2E document & deliverable management E2E material management OUR DIGITAL SOLUTIONS ENHANCE EPC EXECUTION EFFICIENCY AND UNLOCK VALUE FOR PLANT OWNERS Increase E ectiveness & E ciency of EPC processes Mitigate Risks Improve Plant Operational E ciency ENGINEERING PROCUREMENT CONSTRUCTION COMMISSIONING& &Optimizedtenderingestimating collaborativeFullyadvancedengineering orchestrationsupplysourcingOptimized&chain constructionDigitalsuite Reduce Plant Carbon&forDigitalFootprintSuiteOperationMaintenanceAssetADTDigitalTwin&3DbasedCMMS OptimizationProcessPOEEngine MaintenancePredictiveA.I.PMSbased OTS + virtualSimulatorOperatorVRTrainingw.reality Geo-trackingHSSEofpersonnel DFF + AR Digital augmentedForceFieldw.reality SUITEDIGITAL EPCFOR SUITEDIGITAL O&MFOR + + + + ++ NEXTPLANT 85 3 | INNOVATING FOR SUCCESS 4CHAPTER2CHAPTER1CHAPTER3CHAPTER
below demonstrates the effectiveness of an integrated digital approach between the EPC and operations phases: a plant developed as a “digital native” multiplies the benefits across its entire life. The resulting benefits in terms of competitiveness for the contractor translate into a return on investment for the client. Moreover, a digital plant delivers further benefits through the ability to more easily transfer skills and know-how from the design phase to the operations phase (also to the advantage of
Maire Tecnimont Group, thanks to its assets, know how and responsible and sustainable actions, intends to play a leadership role and make a
PROCESS OPTIMIZATION FOR ENERGY EFFICIENCY NET ZERO EMISSIONS Reduce CO2 emissions Improve energy efficiency Reduce feedstocks consumption Blockchain for accessing to green incentives
Effective
MAINTENANCE OPTIMIZATION FOR COST EFFICIENCY managementMaintenance unplanned downtime to assets’ fault flaring in case of faults
Site
due
IMMERSIVE TRAINING FOR UPSKILLINGOPERATORS/RESKILLING Facilitate knowledge transfer recovery actions in case of plant upset unplanned downtime due to human mistakes
Today, the technology is mature enough that we can develop solutions that fit the business model of the plant owner and not vice versa. We started by transforming the most relevant processes of the EPC phases, to make them simple and adaptive. Digital transformation allows the project team to have immediate access to various data sets related to the status of ongoing EPC activities. Similarly, the availability of shared data on digital platforms enables new, more evolved forms of extended organization and joint collaboration between the various operations centers and stakeholders working on complex projects. The result is a more effective execution and a reduction of inefficiencies in workflows with a consequent improvement in the control of execution times, in the quality of deliverables and, consequently, in the control of the risks of execution of an EPC project.
local staff). This skill transfer helps reduce any gender and cultural gaps between the project’s stakeholders, activating a transparent comparison and facilitating the sharing of information between remote operational centers, which enables widespread expertise and innovative potential.
Materials
COLLABORATIVE MODEL FOR FIELD OPERATION Access to data repository from field Cooperation with remote excel lence centers
Reduce
PROJECT CONTROL TOWER FOR PLANT MANAGEMENT DURING EPC EXECUTION Engineering activities status monitoring management activities’ workfront management Quality & HSE aspect mo nitoring
Proactive
Reduce
Reduce
EXTENSIVE AND SAFE PLANT CONNECTIVITY Cost savings for conventional cables, cableways… Cybersafe remote control enabling Remote assistance enabling
&
Our Group is at the forefront of digitalization in our sector, after having started to digitalize our organizational processes, engineering design and plant construction many years ago. In 2021, Maire Tecnimont consolidated this experience into a single platform, launching its digital technology suite NextPlant, which delivers important sustainability advantages during the operation and maintenance phases of an industrial plant and helps plant owners save on costs and increase energy efficiency. NextPlant also enables us to be much more quick and efficient in our own EPC processes.
Construction
ENERGYENERGYOUROURNEXTPLANTSUSTAINABLEDIGITALSUITEFORFUTUREPROOFPLANTSSUITETOADDRESSTRANSITIONTHROUGHDIGITALTRANSFORMATIONTRANSITIONANDOPEXEFFICIENCY,TWOCHALLENGESONESOLUTION:NEXTPLANTDIGITALSUITE PROCESSING ENERGY 2021 FACTS & FIGURES 86
The energy transition depends on adopting digital technologies including blockchain, which Maire Tecnimont believes can be used to certify the carbon footprint of raw materials by equipping them, for example, with eco profiles documenting the amount of water, energy and other materials used in the production process.
NextPlant, our digital suite for plant operation & maintenance
One of the first potential environmental issues that arises from digitalization is the carbon footprint generated by data centers and their energy consumption. According to the International Energy Agency, data centers consumed roughly 200 TWh of electricity in 2019, around 1% of global energy consumption. At the same time, internet traffic rose nearly 40% during the first quarter of 2020. That’s why Maire Tecnimont started a gradual process of de-materialization of its data centers a few years ago, with the twin goal of supporting both the digital and energy transitions. Our Group chose to move its ERP onto RISE with SAP, housed on Microsoft’s Azure cloud platform in a process that will be completed at the start of 2022.
In 2021, Maire Tecnimont Group renewed the ISO:27001 Certification for the management of corporate information. According to the standard, focal points have been identified for compliance and security management issues that operate under the direct supervision of the ICT HoD.
10 e-learning modules embedded in a cybersecurity course delivered to the entire Company population
USER AWARENESS:
On-demand Assessment Operations Service
IMPROVEMENT ACTIONS TAKEN
IT AND SUSTAINABLE EPC PROCESSES SAP RISE AND THE ERP ON CLOUD
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NextPlant delivers a range of customer benefits. The underlying goal is to natively design and build more efficient, much less energy-intensive, more adaptive and interconnected industrial plants. In the future, plants will be hyper-connected and designed to handle fluctuations due to feedstock volatility and variability. Future green chemistry plants - a natural response to the energy transition - will be smaller, more widely distributed, and will require the adoption of digital native solutions to be managed efficiently in order to save on operating costs and reduce the carbon footprint in design and operations. NextPlant is designed to meet the needs of the energy transition by decarbonizing processes and operations across the entire value chain. As a result, industrial facilities will be more adaptable and sustainable in terms of total investment cost and environmental impact.
40 ICT communications related to ongoing
As a result, Maire Tecnimont experienced no cybersecurity breaches, leaks or compromised systems in 2021. Moreover, through the involvement of all employees and by leveraging the advanced IT infrastructure available and massive training, it was possible to ensure full data protection for our customers and partners. The detection and blocking of attempted attacks and intrusions recorded during 2021, marked by the intensification of the frequency and level of sophistication of such attacks, demonstrated the success of our holistic approach to cybersecurity.
3consciousnesstothreatsincreaseinternalsimulatedphishingcampaignstotestuserbehaviourandtakecorrectiveactions;
7 PERFORMED:ASSESSMENT
Cybersecurity
– Forensic External WebCorporateWirelessInternalPenetrationNetworkTestNetworkPenetrationTestNetworkPenetrationTestNetworkPenetrationTestApplicationsPenetrationTest
The digitalization process that characterized 2020 guaranteed our operational and business continuity during the pandemic. This confirmed the robustness of the company’s transformation and innovation strategy, not only in terms of complexity and size of the IT infrastructure, but also in terms of maintaining the highest standards of IT security.
- Active Directory Security Cybersecurity
During 2021, a third-party certification body carried out audits that confirmed the Group’s commitment to both our HSE and SA8000 management systems.
HSE & SA SOCIAL INITIATIVES
TRAINING TOOLS
We have launched a program that defines a new approach to HSE culture, aimed at a general empowerment of HSE awareness within the Maire Tecnimont Group: Safethink HSE Awareness Program. This is a multi-stakeholder approach which combined a number of initiatives all sharing the same goal. After rolling out Safethink, our Group is committed to reinforcing this culture each year through an ever-deepening HSE humanization program that gets all employees and stakeholders personally involved, and ensures that the new HSE vision is adopted by each of us in every single activity.
A dual goal achieved by the Maire Tecnimont Group in HSE and Social Accountability, which improves the synergies between the various companies.
MAIRE TECNIMONT HSE & SA8000 MULTISITE CERTIFICATIONS
Social initiatives addressing HSE and SA8000 issues to promote the development of the local community, carrying out activities that our Group’s values.
Celebration days to mark outstanding HSE performance during construction project execution. In 2021, HSE Celebration Days were held at the HAOR, PP5 and LUANDA Refinery Projects.
HSE COMMUNICATION CAMPAIGN
Safethink AwarenessHSEProgram
WE ARE FULLY COMMITTED TO INVOLVING COLLEAGUES, CLIENTS AND SUBCONTRACTORS IN OUR HSE CULTURE, BECAUSE HSE IS A VALUE IN WHICH WE MUST ALL BELIEVE IN AND IDENTIFY WITH.
STOP & COACH PROGRAM
Here is an overview of the Safethink HSE Awareness Program in 2021:
Communication campaigns for HSE & Social Accountability issues aimed at maximizing our safety culture and reinforcing our shared Safethink identity.
HSE & SOCIAL ACCOUNTABILITY ENGAGEMENT INITIATIVES
SAFETHINK CARE
Safethink’s new ‘soul’ dedicated to unconventional/ emotional training for workers, which contributes to our macro-goal of humanizing HSE.
Engagement initiatives aimed at starting a humanization process on these issues, raising awareness and spreading the new HSE & SA vision in the Maire Tecnimont Group.
PROCESSING ENERGY 2021 FACTS & FIGURES 88
Spread of information pills and training tools to increase awareness of procedures and best practices regarding HSE & SA8000 issues, both in the workplace and outside (safety moments, safety tips, etc.).
This innovative program is aimed at increasing Safety awareness by boosting the engagement and onboarding of our colleagues, clients and subcontractors through involving them in a participatory approach.
HSE CELEBRATION DAY
HEALTH, SAFETY, ENVIRONMENT & SOCIAL ACCOUNTABILITY CULTURE
We also created ad hoc “Stop & Coach Guidelines”, describing the program in detail in all its phases, with the aim of providing instructions and useful tools for implementing the program at all Group construction sites. Finally, dedicated communication material was prepared and distributed to promote the content of the Program and strengthen the Group’s HSE awareness.
The Stop & Coach Program is a key part of achieving our HSE awareness goals, and is aimed at injury prevention. The program increases safety awareness of our Construction Team by promoting a participatory approach to managing the measures taken regarding activities not complying with our Safethink Rules for Life.
DISTRIBUTED AT PARTICIPATING SITES 840
The innovative aspect of this programme is that it aims to not only correct behaviour, but ensure a high level of HSE awareness through a coaching process, promoting safe behaviour as part of employees’ value system, and not just through operational Engaginginstructions.workers
Stop & Coach Program
INVOLVED
FOR HSE, SITE CONSTRUCTIONANDMANAGERS
STOP & COACH NUMBERS IN 2021
CONSTRUCTION11SITES
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STOPPARTICIPANTS327500&COACHKITS
Following these training and mentoring activities, the Program was implemented in the field by using a “Stop & Coach Card”. This tool gives workers the authority to stop an unsafe action or situation and manage the coaching activity. The front side of the card features the ‘stop’ symbol; the back side contains a series of questions that support the coach during the session. The Stop & Coach Card is delivered inside a kit that also includes the Safety Observation Card, a useful tool for recording and following up on non-compliant situations.
belonging to a variety of cultures at Maire Tecnimont Group is one of our major challenges with this project, not only because of their different maturity on safety issues, but also because of the different ways in which different communities give and receive feedback. That’s why the project pays close attention to identifying tools that are versatile and transversal.
The initial phase of the Stop & Coach Program involved a series of kick-off meetings at the construction sites involved. After that tailored training courses were held for all construction site resources, Supervisors and Managers, aimed at providing the awareness and tools to ensure they approached their role correctly.
FOR PROJECTDIRECTORS/PROJECTMANAGERS
SESSIONS3
HOURS TOTAL TRAINING CARRIED OUT IN 63SESSIONSSESSIONS:16
SESSIONS44
FOR SUPERVISORS AND SUPERINTENDERS
This year, the day focused on strategies to strengthen occupational safety and health (OSH) systems, drawing on past experience to improve our resilience to face current and future challenges. The HSE staff, in collaboration with Tecnimont and KT-Kinetics
Maire celebratesTecnimontWorld Day for Safety and Health at Work 2021: fourth edition of our HSE Workshop
For the 2021 event, 160 colleagues including the Construction team (Site manager and Site HSE manager) and the Group’s top management took part, connected from the main offices and from 24 construction sites in 17 countries.
Maire Tecnimont Group held the fourth edition of our two-day HSE workshop in 2021 on World Day for Safety and Health at Work, which is promoted by the International Labour Organization (ILO).
Our sites employ about 36,500 people, including Maire Tecnimont’s Construction team as well workers employed directly and indirectly. Seven of our top managers were present.
CONSTRUCTIONPARTICIPANTSCOUNTRIES1716024SITES PROCESSING ENERGY 2021 FACTS & FIGURES 90
During the two days, we featured a program dedicated to HSE on our corporate television channel, and we shared the event on social media so that external stakeholders could see how the health and safety of our people represents a core value for the group.
The pandemic has placed even more emphasis on the need to establish guidelines to ensure people’s safety and health. As safety is not only a priority for us but a core value, the workshop was a valuable opportunity to share best practices and strengthen our shared HSE identity – a litmus test showing that our “Safethink HSE Awareness Program” has already managed to implement and strengthen, a new shared health and safety culture in just a few years. The high levels of participation and involvement from all the construction sites showed how much the new HSE identity is shared and embedded in the Maire Tecnimont Group.
Technology Construction Departments, organized the fourth HSE Workshop and provided specific branded materials (posters, banners, t-shirts, and polo shirts). The goal of the event was to share implemented best practices, look back on lessons learned from 2020, and talk about new goals and expectations for 2021.
In 2021, the Group reduced the intensity of greenhouse gas emissions for construction sites compared to the years 2020 and 2019 (pre-Covid), while for offices the figure is in line with that of 2020.
Analysis of the trends of the last few years confirms the Group’s commitment to excellence in injuries prevention. Our figures consistently remain well below the IOGP(3) benchmarks, and since 2015 the trend is decreasing, as one can immediately see in the above chart(4)
Over the last three years, a total of more than 195 million man-hours were worked at the Maire Tecnimont Group’s hydrocarbons business unit construction sites.
HSE CULTURE BY THE NUMBERS
GROUP MAN-HOURS WORKED 2019 2020 2021
By their nature, events categorised as LTIs(1) have a very low rate of occurrence, therefore, in order to value their trend over time it is necessary to embrace a much longer observation period than the single year; for this purpose, the IOGP, whose statistical data we use as a sector benchmark for HSE, has adopted a five-year rolling formula for the LTIR(2) indicator and our organization has made similar processing. 2019 20102014 20112015 20122016 20132017 20142018 2015 - 20162020 20172021 0.43 0.40 0.38 0.33 0.29 0.27 0.25 0.25 0.21 0.20 0.18 0.17 0.15 0.15 0.14 0.14 0.03 0.03 0.04 0.05 0.04 0.06 0.05 0.04
GHG EMISSION INTENSITY [kg CO2 / MAN HOURS WORKED] Year Headquarters Construction Sites 2019 1.30 1.98
0.500.400.300.200.100.00
ENVIRONMENT
IOGP Overall benchmark IOGP Construction benchmark Maire Tecnimont hydrocarbons
(1) Lost Time Injury (LTI) is the sum of fatalities and lost work day cases. (2) Lost Time Injury Rate (LTIR) is the number of injuries including at least one day lost divided by the hours worked in a year times one million. The LTIR indicator takes into account fatalities and injuries with lost days. (3) 2021 data for IOGP is not available yet (as benchmark data will be published in second quarter 2022) and for this reason the Group will keep maintain the same 2020’s benchmark data also for year 2021. (4) The Hydrocarbons business unit includes the companies that deal with petrochemical and Oil & Gas activities. Since 2015 data includes Tecnimont Pvt. Ltd., a subsidiary of Tecnimont S.p.A..
GHG EMISSIONS* 2020 2021 0.87 0.98 ) The Group’s GHG emissions’ intensity factors are calculated using both direct and indirect emissions (Scope 1 and Scope 2 emissions) as a numerator and man hours worked as a denominator
(*
HEADQUARTERS MAN-HOURS EMPLOYEES 8,169,147 8,349,884 8,212,865 CONSTRUCTION SITE MAN-HOURS EMPLOYEES & SUB-CONTRACTOR 105,483,828 39,220,459 53,224,505
TOTAL MAN-HOURS WORKED 113,652,975 47,570,343 61,437,370
LTIR FIVE YEAR ROLLING AVERAGE
fiLTIRve-yearrollingaverage hours)million(per
0.85 1.16
91 3 | INNOVATING FOR SUCCESS 4CHAPTER2CHAPTER1CHAPTER3CHAPTER
Respect for human rights is an essential element of Maire Tecnimont Group’s vision, and is one of the values underlying our actions in all the countries where we operate. The company therefore recognizes the diversity of the countries in which it is present, of its clients, suppliers and employees, and we consider each of them for their value as a strategic asset.
and operational practices applied uniformly among the various companies of the Maire Tecnimont Group.
At the end of 2020, Maire Tecnimont Group obtained multi-site certification in accordance with the SA8000:2014 standard, and is committed to maintaining the certification through concrete actions.
Multi-site
, confirming its commitment to the well-being of people in offices and on construction sites. The centralisation of the management system, an equally challenging target for a multinational with operations in 45 countries, was possible thanks to the presence of a core of shared values that translate into strategic choices
This important milestone is the result of a path taken several years ago to spread and consolidate a culture of respect for human rights. In 2021, we added SA8000 corporate governance to the Group HSE&SA Function, Project Quality and Risk Management.
PROCESSING ENERGY 2021 FACTS & FIGURES 92
atsingleengineeringfirstMairelevelSystemSA8000Certification:AccountabilitySocialasingleManagementatInternationalTecnimontisthefirstItaliangroup,andtheintheworldintheenergyindustrytechnology,andconstructionsector,tocertifyasocialresponsibilitymanagementsystemamulti-geographiclevel
Maire Tecnimont Group makes all its suppliers/subcontractors aware of these issues so that they undertake to respecting human rights in their work. We are therefore constantly engaged in pre-qualifying our suppliers, contractors and partners, a process which sees hundreds of suppliers assessed each year on their performance, including human rights and social accountability issues. The promotion and protection of human rights in the supply chain is also managed through audits at our construction sites, including sub-contractors’ “leaving camps”.
APPOINTMENT OF WORKERS’ REPRESENTATIVES IN SOCIAL ACCOUNTABILITY MATTERS
SOCIAL PERFORMANCE TEAM (SPT) AND RISK ASSESSMENT
TRAINING
SUPPLY CHAIN MONITORING
OUR COMMITMENT TO THE PROTECTION OF HUMAN RIGHTS IS BASED ON 6 CORE ELEMENTS
In order to facilitate workers’ liaison and communication with company management on matters relating to Social Accountability, a SA8000 Workers’ Representative(s) (RLSA8000) has been elected at each certified company in the Group.
COMMUNICATION, AWARENESS AND ENGAGEMENT
A fundamental aspect of the SA8000 Management System concerns staff communication and engagement. We are working to raise people’s awareness today and in the coming years. In the SA8000 context, dedicating focus and commitment to these matters does not only mean improving the well-being of employees, but the even more complex mission to transfer and share these requirements with all the companies that work with us, and this is our challenge for the future.
We have invested heavily in training and internal communications in order to raise awareness and involve everyone in these issues, both employees and subcontractors, with the aim of making each person take active responsibility for their own personal well-being.
93 3 | INNOVATING FOR SUCCESS 4CHAPTER2CHAPTER1CHAPTER3CHAPTER
A central aspect of our vision is to listen to the various internal and external stakeholders of the Group. For this reason, we have created a dedicated channel for all our internal and external stakeholders to send/receive complaints, which represents a direct way to collect ideas and suggestions aimed at improving daily working life.
ACTIVE STAKEHOLDER LISTENING AND COMPLAINTS MANAGEMENT
The SPT periodically conducts a written risk assessment of the requirements of the SA8000 standard to identify and prioritize current and potential areas of non-compliance with the standard and ensure that corrective and preventative actions are effectively implemented.
PROCESSING ENERGY 2021 FACTS & FIGURES 94
Our stakeholders’ trust in us is based on the cornerstone of our strong ethical standards, the full compliance with laws and regulations, and the scrupulous and profitable management of our finances. Our Business Integrity Policy is an integral part of the measures that the Group has already adopted and implemented to prevent corruption, promoting transparency for the benefit of the Group’s reputation and performance.
GROWTHVALUE-DRIVEN
As an international Group, our governance mirrors our awareness that individual and cultural diversity greatly contributes to the creation of both tangible and intangible value. Our aim is to pursue sustainable success, and the creation of long-term value for the benefit of shareholders, taking into account the interests of other stakeholders relevant to the company.
2021 has been a very remarkable year, as our solid financial performance has further confirmed that Maire Tecnimont is on a stable growth trajectory. Revenues grew by 8.9% to €2.86 billion, EBITDA profitability was perfectly in line with the annual guidance at 6.1%, and Net Income increased by 48.5%.
2021 will also be remembered as the year when we had our highest ever order intake (€6.4 billion) and backlog (€9.5 billion). This extremely impressive performance is concrete evidence of the strength of the business drivers underlying our sector, as well as of the solid trust that our clients, recurrent and new, put on our Group.
In spite of our record year, our commercial activities keep on running at full speed, with over €63 billion worth of opportunities both in our traditional business and in Green Energy. The latter continues on its expansion path, with new technology-driven and EP and EPC projects started that will lead to additional ones in 2022 and beyond.
4
GOVERNANCE 96 FINANCIAL HIGHLIGHTS 100 SHAREHOLDER NOTEBOOK 10295 4 | VALUE-DRIVEN GROWTH 3CHAPTER2CHAPTER1CHAPTER4CHAPTER
The Board of Directors and the Board of Statutory Auditors are appointed by the Shareholders according to a slate-voting system that protects also the rights of the minorities.
The number of independent directors – 5 out of 9, all non-executive directors – exceeds the requirements of both Italian regulations and Maire Tecnimont’s By-Laws. Similarly, Committees are composed of non executive directors, the majority of whom are independent, including the Chairperson. Regarding gender diversity, the current Board of Directors, with 4 women out of 9 directors, is fully compliant with the most recent laws and regulations.
governance is based on a traditional model, comprising a Shareholders’ Meeting, a Board of Directors and a Board of Statutory Auditors.
MAIRE TECNIMONT’S GOVERNANCE FOCUSES ON PURSUING ITS SUSTAINABLE SUCCESS, BASED ON MAINTAINING AND STRENGTHENING STAKEHOLDER CONFIDENCE THROUGH CONSTANTLY ETHICAL AND COMPLIANT BEHAVIOURS.
The composition of the Board of Directors also complies with the guidelines on the optimal quantitative and qualitative composition of the same, defined by the Board of Directors previously in charge on 25 February 2022, in view of the Shareholders’ Meeting of 8 April 2022.
Mairecompanies.Tecnimont’s
Ethics and compliance are the key factors in promoting transparency for the benefit of the Group’s reputation and performance and maintaining and strengthening stakeholder confidence, which is in turn crucial to ensure our governance’s main goal: pursuing Maire Tecnimont’s sustainable success, creating long-term value for the benefit of the shareholders, taking into account the interests of other stakeholders relevant to the company, and increasing reputation, trust and consensus for the Group.
Our governance system actively promotes ethics and compliance with all laws and regulations among all members of the corporate bodies, supervisory bodies, employees, interns, apprentices, collaborators, suppliers, contractors, consultants, clients, business partners and, more generally, all those who act in the name of and on behalf of Maire Tecnimont and the Companies of the Maire Tecnimont Group as well as all those other subjects who in one way or another come into contact with them.
In 2021, further steps in the process of strengthening sustainability governance led to the approval of the Business Integrity Policy of the Maire Tecnimont Group with the aim of consolidating and rationalizing the anti-corruption principles already included in the Group’s Internal Control and Risk Management System. The Business Integrity Policy and the policies, already adopted, in terms of Health and Safety, Environment, Human Resources, Human Rights, Supply Chain and Quality define the vision of the Maire Tecnimont Group, as well as the reference principles, in terms of Sustainability. The Board of Directors has also established a Related Party Committee with the task of carrying the duties in the management of related parties transactions set out by CONSOB, the Italian Authority for public
GOVERNANCE
PROCESSING ENERGY 2021 FACTS & FIGURES 96
In order to promote business ethics and compliance, we have created two internal committees with advisory functions, the Remuneration Committee and the Control Risk and Sustainability Committee. This last committee enacts an Internal Control and Risk Management System, consisting of a set of rules, controls and grievance mechanisms to prevent illicit behavior and protect our global reputation. The cornerstones of this system are our Group Code of Ethics, our Organization, Management and Control Model as per Italy’s Legislative Decree 231/2001 (“Model 231”), our Group Standard Procedures and the execution of audits by both the Internal Audit Department and the Supervisory Body as per Italy’s Legislative Decree 231/2001.
Non-executive Director Independent Director Independent Director, RemunerationChairmanCommittee
Chairman Chief Executive Officer and COO
FRANCESCO FALLACARA
Independent Director, Lead DirectorIndependent
BOARD OF DIRECTORS*
LUIGI ALFIERI STEFANO FIORINI PAOLO ALBERTO DE ANGELIS MAURIZIA SQUINZI
GABRIELLA CHERSICLA
Non-executive Director
2022-2024. 97 4 | VALUE-DRIVEN GROWTH 3CHAPTER2CHAPTER1CHAPTER4CHAPTER
ANDREA BONELLI
Chairman Board AuditorsStatutory StandingAuditorStatutory StandingAuditorStatutory
BOARD OF STATUTORY AUDITORS*
FRANCESCA ISGRÒ CRISTINA FINOCCHI MAHNE
Independent Director, Control Risk and Sustainability Committee Related-PartyChairman,CommitteeChairman
FABRIZIO DI AMATO
(*) Appointed for the three-year
ALESSANDRO BERNINI
MARILENA CEDERNA
Independent Director period
DANIELE PROVENZIANI
NextChem Head of Integrated Decarbonization Solutions
DAMIANO D’ALESSANDRO
Tecnimont Procurement Vice President
ROMUALDO VANNELLI
Group Planning, Control & Contract Management Vice President
Group Human Resources, ICT, Organization & Procurement Senior Vice President
FABIO FRITELLI
NextChem Hydrogen Vice President
NextChem Circular Economy and Bio Based Solutions Business Development Vice President
VALERIO COPPINI
PROCESSING ENERGY 2021 FACTS & FIGURES 98
Group Technology & Licensing Strategy Vice President, Stamicarbon Managing Director
SIMONA DOLCE
ANDREA BONACINA
ANTONIO BATISTINI
ROBERTO PACE
MARIANO AVANZI
Group Corporate Affairs, Governance & Compliance Vice President
Group Project Control Vice President
DI AMATO Chairman
Group Contract & Subcontract Management Vice President
MyRechemical Managing Director, NextChem Waste to Chemical Senior Executive
Group Internal Audit Head of Department
Group General Counsel
FAGIOLIFABRIZIO
GroupViceProcurementPresident
PEJMAN DJAVDAN
Group Chief Financial Officer
GIOVANNI SOLA
Group Institutional Relations, Communication & Sustainability Vice President
Group HSE&SA and Project Quality Vice President
TEAMMANAGEMENTGROUP
KT Projects Execution Vice President, KT Procurement Vice President
GIUSEPPE BANFI
ALBERTO LITTA MODIGNANI
FABIO
GIACOMO RISPOLI
ERICA VASINI
CARLO NICOLAIS
FRANCO GHIRINGHELLI
Group Research & Innovation Development Vice President, NextChem Chief Technology Innovation Officer
Tecnimont Projects Execution Vice President
Tecnimont Sales Chemical & Petrochemical Vice President
NICOLA COLACINO
Tecnimont Proposal & Prequalifications Management Vice President
DAVIDE PELIZZOLA
Group Risk Management, Special Initiatives and Regions Coordination Senior Vice President, Russia and Caspian Region Vice President
North America Region Vice President
MARCO LAMBERTI
PAOLO BORRI
ANDREA GIANI
GIANNI BARDAZZI
Sub-Saharan Africa Region Vice President
ALESSANDRO BERNINI CEO and COO
CONSTANTIN CIMPUIERU
Tecnimont Engineering, Technology & Services Projects Vice President, Tecnimont Private Limited Managing Director
VITTORIO CHIOVATO
Tecnimont Commercial and Operations Vice President
INHO JEE
MILIND V. BARIDE
SATHIAMOORTHYGOPALSAMY
EMANUELE POZZATI
North Africa Region Vice President
SALVATORE ESPOSITO
KT Operations Vice President
MASSIMO SICARI
ANDREA VENA
PAOLO GALLIERI
SCOTT WISEMAN
ENRICO ROLANDELLI
India Region Vice President, Tecnimont Private Limited India EPC Projects Vice President
Tecnimont Sales Oil & Gas Vice President
Tecnimont Construction & ViceSubcontractingPresident
99 4 | VALUE-DRIVEN GROWTH 3CHAPTER2CHAPTER1CHAPTER4CHAPTER
Neosia ChiefManagingRenewablesDirectorandOperatingOfficer
Tecnimont Sales Fertilizer Vice President
South East Asia and Australian Region Vice President
KT Commercial and Operations Vice President, NextChem Commercial and Operations Vice President, Europe Region Vice President
MST Managing Director
Group Projects Excellence Senior Vice President
DARIO PRINA
GIOVANNI SALE
Corporate and Business Strategy Senior Vice President, Central and South America Region Vice President
(*) changes vs FY 2020. 2021: SOLID AND IMPROVING FINANCIAL PERFORMANCE* HYDROCARBONS BU BACKLOG BY TYPE (€M, 31/12/20 - 31/12/21) +0.9% €173.7 mnORDERREVENUESINTAKE BACKLOG THE HIGHEST BACKLOG EVER EBITDA DRIVEN BY NEW ORDER INTAKE EBITDA MARGIN 6.1% THE HIGHEST ORDER INTAKE EVER (**) Defined as the ratio between backlog and LTM (last twelve months) revenues. €2.9 bn +8.9% +€3.701 m €6.4 bn 3.3X BACKLOG€9.5COVER**bn FINANCIAL HIGHLIGHTS TOTAL 5,784 TOTAL 9,219 GOOD MIX BETWEEN E, EP, AND EPC EPC EP E 2020 2021 8,029 4,299 9551,288 235197 €1.2E+EP: BN PROCESSING ENERGY 2021 FACTS & FIGURES 100
AFRICAEUROPE ASIA MIDDLEEAST 33% 12% 36% BACKLOG BY BUSINESS UNIT (€M, 31/12/20 - 31/12/21) SOLID AND DIVERSIFIED BACKLOG BACKLOG BY GEOGRAPHY (Dec. 2021) TOTAL 6,002 TOTAL 9,488 81% GASTRANSITIONMONETIZATION&ENERGY HYDROCARBONS GREEN ENERGY 2020 2021 5,784 9,219 218 269 AMERICANORTH1% 18% 101 4 | VALUE-DRIVEN GROWTH 3CHAPTER2CHAPTER1CHAPTER4CHAPTER
IT0004931058, ticker: MT). (**) Pursuant to Article 120, Paragraph 1 of the Legislative Decree no. 58 of 24 February 1998 and to Article 6 bis of the By-Laws ("Voting right increase"), share capital of Maire Tecnimont S.p.A. refers to the total number of voting rights equal to 504,732,490. Based on the latest official information communicated to Maire Tecnimont (e.g. shareholders’ register, official filings) ORDINARY SHARES VOTING RIGHTS** 36.64% 51.02% 23.87% 66.44% 4.73% 7.61% 3.08%6.61% GLV Capital S.p.A. Other Investors Cobas Asset Management SGIIC SA Arab Development Establishment (ARDECO) PROCESSING ENERGY 2021 FACTS & FIGURES 102
As of December
RIGHTS
March 4, 2019, the calculation of the free float was made only
SHAREHOLDER NOTEBOOK
SHARE Following the amendments to Article 2.2.1. Borsa Italiana”, in force since on the of of on the number of code:
the number
EXPRESSED BY BY VOTING
SHARES EXPRESSED
shares and not
votes. Maire Tecnimont S.p.A has been listed on the Milan Stock Exchange since November 2007 (ISIN
Maire Tecnimont S.p.A. Share Capital 31, Tecnimont Group’s Shareholders
basis
of the “Regulation for markets organised and managed by
CAPITAL € 19,920,679 € 19,920,679 TOTAL (# OF SHARES) 328,640,432 504,732,490 FLOAT (# OF SHARES) 160,975,298 n.a.* FLOAT (%) 48.982% n.a.* (*)
2021 Maire
The Maire Tecnimont share price reacted particularly well amid the recovering markets, seeing an overall increase of 128%, significantly outperforming its main competitors. Considering also the distribution of dividends in April, amounting to Euro 38 million, the Total Shareholder Return for 2021 rises to approx. 132%.
103 4 | VALUE-DRIVEN GROWTH 3CHAPTER2CHAPTER1CHAPTER4CHAPTER
2001006080120140160180220
1-Apr-21 1-Jul-21 1-Oct-211-Jan-21 1-Dec-2021
MAIRE TECNIMONT 2021 SHARE PERFORMANCE AGAINST MAIN EUROPEAN COMPETITORS
MAXIMUM (DECEMBER 28, 2021) 4.16
The increase in Maire Tecnimont’s share price stems from the continually improving operating-financial results throughout the year, as well as the steady and significant growth in the order intake, which in 2021 reached a record high for the Group, thanks to the awarding of major contracts both in new regions and with long-standing clients.
The COVID-19 pandemic in 2021 continued to impact the global economy. However, with the successful global roll-out of vaccines, a growing sense of confidence has taken hold, leading to brisk economic recovery in many countries. The international stock markets have reacted well, with overall rises in Europe recovering to pre-pandemic levels.
Maire Tecnimont Share Performance
The average daily trading volume in 2021 was 1.3 million shares, at an average price of Euro 3.04.
The share price increases also reflect the Group’s leadership position in the development of Energy Transition and Green Chemistry technologies, along with a Business Model firmly rooted in the creation of sustainable value. Throughout 2021, Maire Tecnimont remained keenly committed to investor relations, continuing to use the remote communication tools required during the pandemic. During 2021 Maire Tecnimont had online meetings with 290 investors on the main global stock markets. Overall interactions were up 78% on 2020, testifying to the growing interest of institutional investors in the Group.
MINIMUM (JANUARY 4, 2021) 1.83
01/01 - 31/12/2021
YEAR END (DECEMBER 31, 2021) 4.16
Maire Tecnimont Saipem TechnipFMC Tecnicas Reunidas Petrofac Technip Energy
MILAN STOCK EXCHANGE ORDINARY SHARE PRICE (EURO)
STOCK MARKET CAPITALIZATION (AT DECEMBER 31, 2021) 1,367,144,197
AVERAGE 3.04
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PROCESSING ENERGY 2021 FACTS & FIGURES 104
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