YEAR IN REVIEW

“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”

Dear all,

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. 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.

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.

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.

We look forward to a busy 2022 under the leadership of our new CEO and Chief Operating Officer!

“OUR GREEN CHEMISTRY COMPANY NEXTCHEM IS ADVANCING THE ENERGY TRANSITION WITH A PORTFOLIO OF WORKSITE-READY GREEN TECHNOLOGIES”

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.

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 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.

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.

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.

I look forward to working with our exceptional team. Let’s set new records again together this year!