OUR COMPANY AT A GLANCEMAIRE TECNIMONT
CONTENTS EDITED BY Group Institutional Relations, Communication & Sustainability Carlo Nicolais Group Institutional Relations, Communication & Sustainability Vice President Massimo Dapoto Editorial Coordinator Patrizia Sciglitano Graphic Supervisor GRAPHIC DESIGN Visualmade, Milano PHOTOS Maire Tecnimont Group Image Bank Our Purpose 2 Our Three Souls: who we are, what we do 3 Technological Leadership to enable Energy Transition 4 Our Presence in the World 6 2021 Group Highlights 8 Our Business Offering 10 Petrochemicals 12 Fertilizers 14 Refining & Gas Monetization 16 Energetics & New Power 18 Green Chemistry & Renewables 20 Our Sustainability Strategy 22 Digital Transformation 26 A Company Story 28 Governance 30
Managing complexity, territorial diversity and technology, leveraging our People’s technicalworld-classcompetencies.
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.
A
OUR THREE SOULS: WHO WE ARE, WHAT WE DO
ENTREPRENEURS PROJECT DEVELOPMENT AND VENTURES
OUR MISSION To provide engineering expertise for the transformation of natural resources into high value-added products in the hydrocarbons and green developingeconomies,newenergy transition technologies to meet global climate change goals.
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.
The Maire Tecnimont technology portfolio consists of 136 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 80 new innovation projects in our Green Acceleration and more than 54 new patents in different fields.
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. 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.
ENERGY ENABLERSTRANSITION
OUR PROMISE 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.
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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. 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.
OUR PURPOSE 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.OURSTRENGTH
TECHNOLOGISTS TECHNOLOGY AND LICENSING CONTRACTORS ENGINEERING, PROCUREMENT, CONSTRUCTION
TECHNOLOGICAL LEADERSHIP TO ENABLE ENERGY TRANSITION CHEMICALSANDENERGYACCELERATIONGREEN (*) Data are based on corporate analysis. (**) Completed. (***) Completed and ongoing. STRONG COMMITMENT TO TECHNOLOGY DEVELOPMENT1,857 PATENTSCUMULATED 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 • MYREPLASTTM UPCYCLING • PLASTIC CHEMICAL RECYCLING • WASTE TO CHEMICALS • GREEN CIRCULAR DISTRICT • BIO-POLYMERS 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 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 SUSTAINABLE FEEDSTOCK260LICENCEUREAPLANTS** ENERGETICS & NEW POWERREFINING & GAS MONETIZATIONFERTILIZERSPETROCHEMICALS • RENEWABLE ENERGY • GREEN HYDROGEN (ELECTROLYSIS) • ELECTRIC BLUE HYDROGENTM (ELECTRICAL SMR) • CIRCULAR HYDROGENTM AND CIRCULAR GASTM • RECYCLED CARBON FUELS 4 5
HOUSTON ROME MUMBAI MILAN SITTARD BRAUNSCHWEIG OUR PRESENCE IN THE WORLD At home in the world with projects in every continent and in every climate, both in industrial and remote Aareas.global presence and a geographical footprint strongly leveraging local Fiftydynamization.contentdifferent companies, three synergic business souls, one integrated group covering the next frontier of energy transition. TOTAL ~1,500PROJECTSDELIVEREDCOUNTRIES45COMPANIES50 SUBSIDIARIES, BRANCHES AND REPRESENTATIVE OFFICES MAIN PROJECTS (ONGOING AND RECENTLY COMPLETED) MAINHEADQUARTERSOFFICESAND ENGINEERING CENTERS 6 7
2021 GROUP HIGHLIGHTS +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 SUPPLY CHAIN 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 TRAINING 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) HSE 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. ~45COUNTRIES 50COMPANIESOPERATING PRESENCE We are a truly international company, with a strong local presence, a constantly expanding geographical footprint and a diversified business strategy across different sectors. PATENTS1,857 CENTERSINNOVATION6 PROJECTSINNOVATION~80 TECHNOLOGY The capacity to translate cutting edge research into technological solutions solving industrial challenges is our quintessence: we facilitate the energy transition through applied innovation. OFFICIALLY JOINED THE “UNITED NATIONS GLOBAL COMPACT” ITALY FOUNDING MEMBER 2011 AA RATING B RATING MORGAN STANLEY ESGINTERNATIONAL’SCAPITALRESEARCH PROJECTDISCLOSURECARBON SUSTAINABILITY 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 FINANCIALS With many signed projects in our pipeline, new orders steadily coming in and a history of healthy revenues we offer an appealing value proposition to the discerning investor. €9.5 bN 98
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 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. 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. 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.
OUR OFFERINGBUSINESSREFINING&GASMONETIZATIONGREENCHEMISTRY&RENEWABLESENERGETICS&NEWPOWERPETROCHEMICALSFERTILIZERS
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OTHER CHEMICALS
OLEFINS We have a successful track record of several Olefin plants, developed from different feedstocks using various technologies.
We can boast a wide and diversified competence in the design and construction of Chemical and Petrochemical plants. *Completed and ongoing
We have a long-lasting experience in the design and construction of Butadiene plants via Extraction and via De-Hydrogenation and Synthetic Rubbers plants.
Our history goes back to Giulio Natta, the Italian Nobel Prize winner in chemistry and inventor of polypropylene (also known as “Italian plastic”).
BUTADIENE, RUBBERS AND STYRENICS
1924SINCE
AROMATICS AND DERIVATIVES
COUNTRIES45
The wide and consolidated know-how and expertise has positioned Tecnimont as a leader in the polyolefins market worldwide.
WE ARE A FULL-SERVICE, GENERAL CONTRACTOR FOR PETROCHEMICAL COMPLEXES 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. 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.
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POLYOLEFINS
Thanks to the synergy between our business lines, we have the capability and know-how to provide the full production cycle. BIOCHEMICALS 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.
PLASTICWASTE PYROLYSISRECYCLEMECHANICALPLANTPLANT BIO PLANTETHANOL DE-HYDRATION &REFININGBIOREFINING PLANTPLA/PHA MTBE & ETBEPLANT PET PLANT PLANTEO/EG PLANTPOLYOLEFIN PLANTRUBBER Polyactic AlkanoatePolyhydroxyAcid Methyl Tert-Butyl Ether Ethyl Tert-Butyl Ether PolyethyleneTerephthalate PolyethylenePolypropylene PY-Oil (byproduct)OLEFIN PLANT BioEthylene ARO PTA PLANT NATURAL PROCESSINGGASi-C MetOH C2 C2C C BioEthanol Rubbers CrudeOil LAO PLANT
PETROCHEMICALS
We manage and execute several projects at a time, using different technologies, ensuring confidentiality and preserving Licensors’ know-how.
WE HAVE BEEN SHORTLISTED AS PREFERRED ENGINEERING CONTRACTOR FOR MANY PATENTED TECHNOLOGIES
WE ARE A FIRST-CLASS PROVIDER OF PETROCHEMICAL TECHNOLOGIES
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.
MARKET30% SHARE IN POLYOLEFIN PLANTS (#1 WORLDWIDE FOR CAPACITY INSTALLED IN THE LAST TEN YEARS), INCLUDING A SHARE50% IN LDPE MORE PLANTSANDPOLYETHYLENE220THANPOLYPROPYLENEANDPROJECTS*
CO
WE EXCEL IN THE ENGINEERING AND CONSTRUCTION OF AMMONIA-UREA PROJECTS 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.
(NH NH3 H CH3OH HNO3
DIGITALIZATIONRESEARCH&INNOVATION
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. 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 Ourproduction.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. 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. 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.
WE PROVIDE A WIDE AND INTEGRATED RANGE OF SERVICES 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.
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.
FERTILIZERS
f44335 Urea Blue & TechnologiesGreen Available Now N - Fertilizers Others AmmoniaHydrogenMethanolNitric Acid CO2 Utilization/PermanenttoStorage Project Design
EPC75+UREAPLANTS LICENCE260+UREAPLANTS MARKET52% SHARE (#1 WORLDWIDE) IN LICENSING UREA SYNTHESIS PLANTS MARKET33% SHARE (#2 WORLDWIDE) IN LICENSING TECHNOLOGYGRANULATIONUREA EPC100+AMMONIAPLANTS SINCE1924 1514
PRODUCTIONENERGY PLANTPETROCHEMICAL PRODUCTIONFERTILIZERS
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.
GOOD POSITIONING AND STRONG SKILLSET
LNG
WE HAVE EARNED A FIRST-CLASS INTERNATIONAL REPUTATION
OUR ONGOING PROJECTS 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. NEWLY AWARDED PROJECTS 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).
REFINING & GAS MONETIZATION
CrudeOil SAFHVO 2G ETHANOL EXTRACTION PLANT & WELL PADS TrunkLine Biofeedstock REFINERY LNGLiquefactionLNGREGASIFICATION
CENTRAL PROCESS FACILITY
EXTENSIVE KNOW-HOW PROVEN BY SEVERAL REFERENCES 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.
WE PROVIDE OUR OWN PROPRIETARY TECHNOLOGIES
We have successfully completed Engineering, Procurement & Construction (EPC) contracts worldwide and we’re currently executing major contracts in Europe, India, Algeria and Nigeria.
KT - Kinetics Technology offers proprietary technologies in Sulphur Recovery and Hydrogen Production Units. 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).
130,000 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 - INDIA 1716
ENERGETICS & NEW POWER PROJECTS280 MW21,000INSTALLED COUNTRIES44 SINCE1962 1918
SUBSTATION TRANSPORTATIONINDUSTRY FAMILIES SUBSTATION PUBLIC PRODUCTIONENERGY PROCESSINDUSTRIAL HEATINGDISTRICT Steam HotWater AffluentsTreatment
WE PROVIDE PROJECT MANAGEMENT CONSULTANCY AND DUE DILIGENCE SERVICES, ALONG WITH FEASIBILITY STUDIES AND FRONT-END ENGINEERING
WE ARE EXPERTS IN THE ENGINEERING, DESIGN AND CONSTRUCTION OF ADVANCED ELECTRICITY GENERATION PROJECTS
DESIGN 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.
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
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. 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. 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.
INTERNATIONALLY 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.
INTECHNOLOGIES>30GREENACCELERATION 2120
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.
WASTES AND BIOMASS AS THE NEW CARBON NEUTRAL FEEDSTOCKS FOR INDUSTRY
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.
NEW FEEDSTOCKS FOR NEW PROCESSES:
biomassWaste wasteVegetaloilsresidualfatsPlastic andSolid Waste Sugar HYDROGENGREEN CRACKERSTEAM PLASTIC PYROLYSISWASTE2G ETHANOL WASTE CHEMICALSTO HVO RD/SAFFOR CONTROLROOM (MYREPLASTUPCYCLING TM POLYMERSBIO HYDROGEN™CIRCULAR BLUE™BLUE/ELECTRICHYDROGEN
Low-carbon Refinery: we are also developing technologies for advanced 2nd generation biofuels. These types of biofuels will be a driver for decarbonization in the transportation sector, especially for long-haul road-transport and air travel, where electrification is more challenging.
NextChem’s MyRechemical waste-to-chemicals conversion technology allows the production of “circular” fuels like circular hydrogen, methanol and ethanol. 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.
THE GREEN ACCELERATION STARTS HERE
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. 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.
GREEN CHEMISTRY & RENEWABLES
WE ARE FOCUSED ON RENEWABLE POWER GENERATION 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.
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. 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.
EVOLVE, MAIRE TECNIMONT FOUNDATION
GOVERNANCE ECNGOVERNANCEGOVERNAECNANREVOG
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.
COMMITMENT TO 14 SUSTAINABLE DEVELOPMENT
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.
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. 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.
ANDTERRITORIESFORCOMMUNITIES
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.
CIRCULAROFCREATIONINNOVATIONTHATBRINGSWELL-BEINGCLIMATE,ECONOMY,ENVIRONMENTALSUSTAINABILITY
OUR SUSTAINABILITY STRATEGY
ON A TOTAL OF 17 GOALS IDENTIFIED BY THE UN 22 23
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.
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. 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. This evolution inspired us in 2021 to create Evolve, Maire Tecnimont Foundation.
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.
OUR GOALS
SUSTAINABILITYSTRATEGYOUR PEOPLE AND THE VALUE OF H&S AND DIVERSITY VALUE
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. 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.
A PLATFORMINGNEWUNIT Luanda, Angola
€4 bN
MODERNIZATION BAKU OIL REFINERY-HAOR PROJECT SOCAR REFINING GHT ATU MEROX Baku, Azerbaijan PP PLANT Bathinda (Punjab), Northern India HDPE PLANT Bathinda (Punjab), Northern India AGCC PE/PP/LAO Svobodny, Russian Federation OF
| SOCAR
Port Harcourt, Nigeria PP PLANTS Jubail, Saudi Arabia BOROUGE PP5 PROJECT Ruwais, UAE have been developed to help us plan regional purchases, resulting in greater value and development of the economies of countries where the Group works.
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.
24 25
REFINERYPORTWORKSREHABILITATIONFORTHEHARCOURT
“WE PLAY A SIGNIFICANT ROLE IN THE WEINOFDEVELOPMENTECONOMICTHECOUNTRIESWHICHOPERATE”
GENERATIONHYDROGEN UNIT Mumbai, India LDPE/EVA PLANT Kazan, Russian Federation AN, CAN, GRANULATIONASN PLANT Wloclawek, Poland NEW HDPE, PP REVAMPING TheBatangas,Philippines PP PLANT (RAPID) Pengerang, Malaysia HDPE PLANT (RAPID) Pengerang, Malaysia DELAYED COKING UNIT (DCU) OMSK REFINERY Omsk, Russian Federation FCC REVAMPINGUNIT Burgas, Bulgaria UREA UAN PLANT Gemlik, Turkey UREA PLANT Togliatti, Russian Federation SUPPLY OF MRU PACKAGES Port Said, Egypt EPC WORKS FOR NO. 5 REFINERY PROCESS UNITS Kvstovo, Russian Federation PE PELLETTIZING AND BAGGING AREAS OF PRODUCTION PLANT N°4 Budyonnovsk, Russian Federation AMMONIA UREA PLANT Kingisepp, Russian Federation NEW EUROPEAN PDH PROJECTPLANT Kallo Belgium(Kieldrecth), LPG TRAIN 4 ZCINA Hassi Messaoud, Algeria BAYTOWN EXPANSIONCHEMICALPROJECT Texas, USA VACUUM HYDROTREATMENTGASOIL UNIT Donges, France NEW DELAYED COKING COMPLEX Rijeka, Croatia Data as of 31/12/2021
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 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 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. Within the ICV program, we have reviewed the way in which we approach our supply chain. New tools
TYPE OF
TOTAL SPEND ON GOODS AND SERVICES IN THE ENVIRONMENTLOCAL
| SOCAR
Local content and economic development
PROJECTS: FERTILIZERS PETROCHEMICALS OIL&GAS REFINING LOCAL CONTENT IN OUR MOST REPRESENTATIVE PROJECTS57%OFTHEPROJECTCOSTS
AMURSKY UI&OPROCESSINGGASPLANT,PACKAGE3 Svobodny, Russian Federation EPCI
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.
Maire Tecnimont Group, thanks to its assets, know how and responsible and sustainable actions, intends to play a leadership role and make a 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 complex. Our digital suite 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 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.
Cybersecurity 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. 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.
NextPlant, our digital suite for plant operation & maintenance 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.
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.
PROCESS OPTIMIZATION FOR ENERGY EFFICIENCY & NET ZERO EMISSIONS Reduce CO2 emissions Improve energy efficiency Reduce feedstocks consumption Blockchain for accessing to green incentives PROJECT CONTROL TOWER FOR PLANT MANAGEMENT DURING EPC EXECUTION Engineering activities status monitoring Materials management Construction activities’ workfront management Site Quality & HSE aspect mo nitoring COLLABORATIVE MODEL FOR FIELD OPERATION Access to data repository from field Cooperation with remote excel lence centers EXTENSIVE AND SAFE PLANT CONNECTIVITY Cost savings for conventional cables, cableways… Cybersafe remote control enabling Remote assistance enabling MAINTENANCE OPTIMIZATION FOR COST EFFICIENCY Proactive managementMaintenance Reduce unplanned downtime due to assets’ fault Reduce flaring in case of faults IMMERSIVE TRAINING FOR UPSKILLINGOPERATORS/RESKILLING Facilitate knowledge transfer Effective recovery actions in case of plant upset Reduce unplanned downtime due to human mistakes ENERGYENERGYOUROURNEXTPLANTSUSTAINABLEDIGITALSUITEFORFUTUREPROOFPLANTSSUITETOADDRESSTRANSITIONTHROUGHDIGITALTRANSFORMATIONTRANSITIONANDOPEXEFFICIENCY,TWOCHALLENGESONESOLUTION:NEXTPLANTDIGITALSUITE 26 27
TRANSFORMATIONDIGITALDIGITALTRANSFORMATIONANDTHEENERGYTRANSITIONARECOMPLEMENTARYANDINTERCONNECTED:DECARBONIZATIONGOALSFORINDUSTRIALPLANTSCANONLYBEEFFECTIVELYACHIEVEDBYLEVERAGINGSUSTAINABLEDIGITALIZATION.
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 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.
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.
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.
CREATION GREENFORFOCALNEXTCHEMOFPOINTTHEGROUP’SCHEMISTRYANDENERGYTRANSITIONTECHNOLOGIES CREATION THEFOCALMYRECHEMICALOFPOINTFORGROUP’SWASTETOCHEMICAL/FUELSSOLUTIONS EXPANSION OF LAUNCHTECHNOLOGIESGREENOFEVOLVEMAIRETECNIMONTFOUNDATION 20182007 2019-20202005ACOMPANY STORY 2005 Maire acquiresGroupTecnimont 1973 ofIncorporationTECNIMONT 1966 ofIncorporationMONTEDISON 1888 MinesMONTECATINIandChemicals 1899 FIAT GROUP 1963 Giulio Natta Nobel Prize for chemistry 1884 EDISON Power Supply 2001 Acquisition of FIAT Avio’s Electric Design & Construction Business Incorporation of FIAT ENGINEERING 1972 Creation of the first JV between ICB and Tecnimont 1977 2007 100% Acquisition of Tecnimont Pvt. Ltd. (formerly TICB) 1990s Tecnimont acquires 50% of the Indian company renamed as Tecnimont ICB Pvt Ltd (TICB) 1958 Incorporation of ICB Pvt Ltd as consulting firm in the plant sector in Mumbai 2004 EngineeringofAcquisitionFiat Incorporation FertilizerChemicalSTAMICARBONofandlicensing 1947 1988 acquiredMannesmannKTI 1999 Technip acquiredItalyKTI 1937 Dutch State Mines –coalforresearchDSMcentreservicestomines 1971 Kinetics Technology Int. - KTI More than 40 years of experience in process engineering 2010 2011 2013-2017 RECYCLINGACQUISITIONOFPLASTICPLANT 20212009 LISTING ON THE ITALIAN STOCK EXCHANGE INCORPORATION OF MAIRE TECNIMONT ACQUISITION STAMICARBONOF OFACQUISITIONKT-KINETICSTECHNOLOGY(formerlyTechnipKTI) REORGANIZATIONOFITALIANHQS LAUNCH OF THE NEW RETURNSTRATEGYBUSINESSANDTOGROWTHREVENUESUP2.5X 28 29
Chairman Risk and Sustainability Related-PartyChairman,CommitteeChairman Non-executive
Director Independent Director, Lead DirectorIndependent Non-executive Director Independent Director Independent Director, RemunerationChairmanCommittee Independent Director GABRIELLA CHERSICLA FRANCESCA ISGRÒ CRISTINA FINOCCHI MAHNE LUIGI ALFIERI STEFANO FIORINI PAOLO ALBERTO DE ANGELIS MAURIZIA SQUINZI
FRANCESCO
BOARD OF DIRECTORS*
FALLACARA ANDREA BONELLI MARILENA CEDERNA BOARD OF STATUTORY AUDITORS* Chairman Chief Executive Officer and COO FABRIZIO DI AMATO ALESSANDRO BERNINI 30 31
MAIRE TECNIMONT’S GOVERNANCE FOCUSES ON PURSUING ITS SUSTAINABLE SUCCESS, BASED ON MAINTAINING AND STRENGTHENING STAKEHOLDER CONFIDENCE THROUGH CONSTANTLY ETHICAL AND COMPLIANT BEHAVIOURS. 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.
Committee
GOVERNANCE
Board AuditorsStatutory StandingAuditorStatutory StandingAuditorStatutory Independent Director, Control
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. 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.
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. 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.
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.
(*) Appointed for the three-year period 2022-2024.
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 Mairecompanies.Tecnimont’s governance is based on a traditional model, comprising a Shareholders’ Meeting, a Board of Directors and a Board of Statutory Auditors. 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.
Group Project Control Vice President ROMUALDO VANNELLI Group Research & Innovation Development Vice President, NextChem Chief Technology Innovation Officer ANTONIO BATISTINI Corporate and Business Strategy Senior Vice President, Central and South America Region Vice President GIOVANNI SALE Group Planning, Control & Contract Management Vice President MARIANO AVANZI MST Managing Director SALVATORE ESPOSITO Tecnimont Projects Execution Vice President PAOLO BORRI NextChem Head of Integrated Decarbonization Solutions DANIELE PROVENZIANI Tecnimont Sales Oil & Gas Vice President ANDREA GIANI Group Risk Management, Special Initiatives and Regions Coordination Senior Vice President, Russia and Caspian Region Vice President GIANNI BARDAZZI Tecnimont Commercial and Operations Vice President MASSIMO SICARI Group Human Resources, ICT, Organization & Procurement Senior Vice President FRANCO GHIRINGHELLI Group Chief Financial Officer FABIO FRITELLI MyRechemical Managing Director, NextChem Waste to Chemical Senior Executive GIACOMO RISPOLI NextChem Hydrogen Vice President ALBERTO LITTA MODIGNANI Tecnimont Engineering, Technology & Services Projects Vice President, Tecnimont Private Limited Managing Director SATHIAMOORTHYGOPALSAMY NextChem Circular Economy and Bio Based Solutions Business Development Vice President VALERIO COPPINI KT Commercial and Operations Vice President, NextChem Commercial and Operations Vice President, Europe Region Vice President ANDREA VENA Group Internal Audit Head of Department ERICA VASINI Group Institutional Relations, Communication & Sustainability Vice President CARLO NICOLAIS Group General Counsel FABIO FAGIOLI ALESSANDRO BERNINI CEO and COO FABRIZIO DI AMATO Chairman 32
North America Region Vice President SCOTT WISEMAN
Tecnimont Construction
South
Management Vice President
Tecnimont
Corporate
MILIND V. BARIDE
CONSTANTIN
Tecnimont
Group Technology & Licensing Strategy Vice President, Stamicarbon Managing Director
GIOVANNI SOLA Group Projects Senior Vice President CIMPUIERU & ViceSubcontractingPresident DARIO PRINA KT Operations Vice President ENRICO ROLANDELLI
ViceProcurementPresident
Neosia ChiefManagingRenewablesDirectorandOperatingOfficer NICOLA
Group Affairs, & Subcontract ANDREA BONACINA
Fertilizer Vice President VITTORIO
KT PACE COLACINO
Sub-Saharan Africa Region Vice President DAVIDE PELIZZOLA Sales CHIOVATO
TEAMMANAGEMENTGROUP
Petrochemical Vice
India Region Vice President, Tecnimont Private Limited India EPC Projects Vice President
Governance & Compliance Vice President SIMONA DOLCE Group HSE&SA and Project Quality Vice President DAMIANO D’ALESSANDRO Group Contract
EMANUELE
Projects Execution Vice President, KT Procurement Vice President ROBERTO
Excellence
Tecnimont Sales Chemical & President POZZATI Proposal & Prequalifications Management Vice President PAOLO GALLIERI North Africa Region Vice President MARCO LAMBERTI East Asia and Australian Region Vice President INHO JEE
PEJMAN BANFI Group
DJAVDAN Tecnimont Procurement Vice President GIUSEPPE
Maire Tecnimont Group Operative Headquarters Via Gaetano de Castillia, 6A 20124 Milan, Italy P +39 02 info@mairetecnimont.it63131 mairetecnimont.com
