MAIRE TECNIMONT
OUR COMPANY AT A GLANCE
Contents A Company Story
2
Our Purpose
4
Group Highlights
5
Our Presence in the World
6
Our Three Souls: who we are, what we do
8
Our Business Offering
9
A Technological Approach to Green Energy
10
Petrochemicals
12
Oil & Gas Refining
14
Fertilizers
16
Energetics & New Power
18
Green Chemistry & Renewables
20
Our New Sustainability Strategy NextPlant: our way to Digital Transformation
22 26
A Company Story 1937
Dutch State Mines – DSM research centre for services to coal mines
ACQUISITION OF KT - KINETICS TECHNOLOGY (formerly Technip KTI)
1899
FIAT GROUP
1947
2010
Incorporation of STAMICARBON Chemical and Fertilizer licensing
1972
Incorporation of FIAT ENGINEERING
2009
2001
Acquisition of FIAT Avio’s Electric Design & Construction Business
2007
ACQUISITION OF STAMICARBON
100% Acquisition of Tecnimont Pvt. Ltd. (formerly TICB)
LISTING ON THE ITALIAN STOCK EXCHANGE
2007
2004
Acquisition of Fiat Engineering
2005
INCORPORATION OF MAIRE TECNIMONT 2
Maire Group acquires Tecnimont
2005
Incorporation of MONTEDISON
Giulio Natta Nobel Prize for chemistry
1966
1963
Incorporation of Tecnimont
1973
1971
1999
Technip Italy acquired KTI
Kinetics Technology Int. - KTI More than 40 years of experience in process engineering
1988
Mannesmann acquired KTI
2015
REPOSITIONING COMPLETED AND RECORD BACKLOG
REORGANIZATION OF ITALIAN HQS
2011
2013
LAUNCH OF THE NEW BUSINESS STRATEGY
2018
LAUNCH OF THE GREEN ACCELERATION PROJECT: NEXTCHEM
2020
LAUNCH OF MYREPLASTTM PRODUCTS AND MYRECHEMICAL
Tecnimont acquires 50% of the Indian company renamed as Tecnimont ICB Pvt Ltd (TICB)
1990s
1884
EDISON Power Supply
MONTECATINI Mines and Chemicals
1888
Creation of the first JV between ICB and Tecnimont
1977
Incorporation of ICB Pvt Ltd as consulting firm in the plant sector in Mumbai
1958 3
Our Purpose To contribute to a higher quality of life with our technological solutions and large-scale execution skills at the crossroad between energy and basic materials for manufacturing as well as for food chain.
OUR STRENGTH
OUR MISSION
OUR PROMISE
To orchestrate the transformation of natural resources into value-added derivatives both in the hydrocarbon economy and progressively in the green economy fostering energy transition technologies for the higher purpose of the climate change global target.
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.
4
Managing complexity, geography and technology thanks to our People’s world-class competencies and care for the environment.
Group Highlights PRESENCE
PEOPLE
5,960
~45
3,081
COUNTRIES WHERE MAIRE TECNIMONT OPERATES
OPERATING COMPANIES
FINANCIAL
+3,000
PEOPLE
PROFESSIONALS IN ELECTRICAL AND INSTRUMENTATION
€2.2 bn
REVENUES*
BACKLOG
74
NATIONALITIES
SUPPLY CHAIN
€2.6 bn €6.0 bn
ENGINEERING DEGREE
~9,000
50
EMPLOYEES
€2.7 bn
ORDER INTAKE
(*) The 2020 revenues were affected by Covid-19 impact vs 2019 revenues of 3.4 bn.
TECHNOLOGY
TOT GOODS AND SERVICES ORDERED IN THE YEAR
4,700+ SUPPLIERS
53%
GOODS AND SERVICES PURCHASED LOCALLY** (**) Referred to 20 projects that best represent the business of the Group both in terms of progress and as a type of product and technology.
TRAINING
1,725
1.27 mn
PATENTS
HOURS OF TRAINING (INCL. HSE AND SUB-CONTRACTORS)
6 INNOVATION CENTERS
81
INNOVATION PROJECTS
39 mn
MAN-HOURS WORKED ON SITE
SUSTAINABILITY
2011
A RATING
OFFICIALLY JOINED THE “UNITED NATIONS GLOBAL COMPACT” ITALY FOUNDING MEMBER
B RATING
MORGAN STANLEY CAPITAL INTERNATIONAL RESEARCH CARBON DISCLOSURE PROJECT
HSE
52,529 T EMISSIONS CO2EQ***
0 LTIR ON SITE**** (LOST TIME INJURY RATE)
0.077 TRIR**** (TOTAL RECORDABLE INJURY RATE) (***) Referred to Home Offices and Construction Sites. (****) Referred to Hydrocarbons Business Unit.
5
Our Presence in the World
~1,500
MILAN
TOTAL DELIVERED PROJECTS At home in the world with projects in every continent and in every climate, both in industrial and remote areas.
50
COMPANIES Fifty different companies, three synergic business souls, one integrated group covering the next frontier of energy transition.
45
COUNTRIES A global presence and a geographical footprint strongly leveraging local content dynamization.
HOUSTON
HEADQUARTERS
6
MAIN OFFICES AND ENGINEERING CENTERS
SUBSIDIARIES, BRANCHES AND REPRESENTATIVE OFFICES
MAIN PROJECTS (ONGOING AND RECENTLY COMPLETED)
SITTARD
BRAUNSCHWEIG
MOSCOW
ROME
MUMBAI
7
Our Three Souls:
who we are, what we do CONTRACTORS ENGINEERING, PROCUREMENT, CONSTRUCTION A well-rooted legacy in engineering design, along with a sound track record in managing large, integrated, and complex projects, has allowed us to maintain a leading position as an international contractor. A highly technological focus provides access to the best available state-of-the-art processes, guaranteeing us recognized world leadership as a contractor. Through our network of international engineering centers, we provide clients with services and knowhow ranging from conceptual studies, through technology selection, to process engineering and detailed design. The services we provide benefit from business synergies and cross-fertilization across the Group, profiting from all our companies’ skills and specializations.
ENERGY TRANSITION ENABLERS
TECHNOLOGISTS TECHNOLOGY AND LICENSING The Maire Tecnimont technology portfolio consists of more than 130 patent families and more than 1,700 individual patents and patent applications in many countries. In addition, the innovation pipeline (IPL) process has been rolled out across the Group, resulting in over 70 new innovation projects in the Green Acceleration project 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 BUSINESS DEVELOPMENT AND VENTURES 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 largescale projects.
8
Thanks to our extensive know-how in research, licensing, engineering and construction of processing plants we provide solutions for the energy transition. Our history, expertise, knowledge and leadership in transforming natural feedstocks make us an industrializer of innovative and sustainable industrial-scale 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 Business Offering 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 are a different species from your typical hyper-specialized, single-product, mono-service company. We have roots in petrochemicals and oil & gas refining, we have branched out into power and we have finally blossomed with fertilizers and green chemistry. Our technologies seek to reduce the environmental impact of the oil & gas sector, develop waste to chemicals, waste to fuels and plastic recycling, 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. We are different, our business offering is different.
Petrochemicals Fertilizers
Oil & Gas Refining Energetics & New Power Green Chemistry & Renewables
9
A Technological Approach to Green Energy PETROCHEMICALS
FERTILIZERS
52%
HYDROCARBONS
WELL ROOTED TECHNOLOGY ORIENTATION: MARKET LEADER (#1) FOR INSTALLED CAPACITY (LAST 10YS)
30%
MARKET SHARE IN POLYOLEFIN PLANTS
50%
MARKET SHARE IN LDPE PLANTS
SINCE 1970
MARKET SHARE IN LICENSING UREA PLANTS TECHNOLOGY (#1 WORLDWIDE)*
33%
MARKET SHARE IN LICENSING UREA GRANULATION TECHNOLOGY (#2 WORLDWIDE)*
SINCE 1924
MORE THAN
210
GREEN ENERGY
POLYETHYLENE AND POLYPROPYLENE PLANTS**
175
AMMONIA AND UREA PLANTS**
•
PLASTIC UPCYCLING
•
GREEN AMMONIA
•
PLASTIC CHEMICAL RECYCLING
•
•
WASTE TO CHEMICALS
UREA AND NITRIC ACID BASED ON SUSTAINABLE FEEDSTOCK
•
GREEN CIRCULAR DISTRICT
•
BIO-POLYMERS
TECHNOLOGIES FOR ENERGY TRANSITION:
5
1,725
10
MORE THAN
PROPRIETARY
CUMULATED PATENTS
6
UNDER PARTNERSHIP FOR EXCLUSIVE LICENSING
STRONG COMMITMENT TO TECHNOLOGY DEVELOPMENT
(*) Data are based on corporate analysis. (**) Completed.
OIL & GAS REFINING
ENERGETICS & NEW POWER
WELL RECOGNIZED LEADERSHIP IN
21GW
INSTALLED WORLDWIDE
LICENSING HYDROGEN TECHNOLOGY AND IN LICENSING SULPHUR RECOVERY AND TAIL GAS TREATMENT TECHNOLOGY
7th
WORLD CLASS TRACK RECORD IN LARGE GAS TREATMENT PLANTS AND REFINERY PROCESS UNITS
SINCE 1971
RANK ENR WORLD TOP-10 POWER MARKET ENGINEERING COMPANIES 2016
SINCE 1962
MORE THAN
250
RENEWABLE DIESEL (HVO)
•
SUSTAINABLE AVIATION FUEL FROM HVO
•
2G BIO-ETHANOL
•
CO₂ CAPTURE AND VALORIZATION
OVER
20
WITH A ROLE OF INTEGRATOR & EPC
€56 MN
INVESTED IN INNOVATION
280
POWER GENERATION PROJECTS*
HYDROGEN AND SULPHUR RECOVERY UNIT PROJECTS**
•
MORE THAN
OVER
12
70
•
RENEWABLE ENERGY
•
GREEN HYDROGEN (ELECTROLYSIS)
•
ELECTRIC BLUE HYDROGEN (ELECTRICAL SMR)
•
ELECTROCHEMISTRY/POWER TO X
•
WASTE TO ENERGY
RESEARCH PROJECTS WITH A ROLE OF PARTNER / COORDINATOR
R&D PROJECTS
IN GREEN ACCELERATION (LAST 5ys)
11
Petrochemicals WE ARE A FIRST-CLASS PROVIDER OF POLYOLEFINS TECHNOLOGIES We manage and execute several projects at a time, using different technologies, ensuring confidentiality and preserving licensors’ know-hows.
WE HAVE BEEN SHORTLISTED AS PREFERRED ENGINEERING CONTRACTOR FOR MANY PATENTED TECHNOLOGIES Tecnimont thanks to its experience, know-how and references is included in the shortlist of all major Licensors as preferred Contractor and so is allowed to perform detailed activities such as FEED and EPC for their technologies.
OLEFIN
We have a successful track record of several Olefin plants, developed from different feedstock using various technologies.
POLYOLEFIN
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.
BUTADIENE, RUBBERS AND STYRENICS
WE ARE A FULL-SERVICE, GENERAL CONTRACTOR FOR PETROCHEMICAL COMPLEXES WORLDWIDE
We have a long-lasting experience in the design and construction of Butadiene plants via Extraction and via De-Hydrogenation, Synthetic Rubbers plants.
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.
AROMATICS AND DERIVATIVES
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.
Thanks to the synergy between our business lines, Tecnimont has the capability and know-how to provide the full production cycle.
BIOCHEMICALS
Tecnimont, jointly with NextChem, is strongly committed to the development of green chemistry. We are cooperating with all the major providers of Bio and Fermentation technologies.
OTHER CHEMICALS
We can boast a wide and diversified competence in the design and construction of Chemical and Petrochemical plants.
12
MORE THAN SINCE
1924
210
POLYETHYLENE AND POLYPROPYLENE PLANTS
30%
45
COUNTRIES
MARKET SHARE IN POLYOLEFIN PLANTS (#1 WORLDWIDE FOR CAPACITY INSTALLED IN THE LAST TEN YEARS), INCLUDING A
50%
SHARE IN LDPE
13
Fertilizers 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 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.
MORE THAN 260 UREA MELT PLANTS WORLDWIDE HAVE BEEN AWARDED A LICENSE TO USE OUR TECHNOLOGIES We offer procurement and construction services of new urea plants and revamping existing ones. Thanks to our company Stamicarbon we license the best technologies and provide equipment supply, training and commissioning services. At Stamicarbon, we develop, design and license future-proof fertilizer plant technologies, with urea and nitric acid being our core businesses. Using almost 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 life-cycle. Besides the urea melt plants we have realized more than 110 revamping projects and have licensed more than 30 urea granulation plants.
ENHANCING TECHNOLOGY PORTFOLIO THROUGH CONTINUOUS INNOVATION WE CONTINUOUSLY INNOVATE AND DEVELOP RELIABLE, SAFE AND SUSTAINABLE FERTILIZER SOLUTIONS.
Our Ultra-Low Energy Design that results in the lowest energy consumption of urea plants in the world by reducing the steam 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. Since its introduction in 2012 already 4 plants have been licensed with this innovative technology.
Our MicroMist™ Venturi & Jet Venturi Scrubbing systems that reduce emissions of urea granulation and prilling plants to unrivalled low levels. These innovative, high-performance scrubbers, that have been developed together with EnviroCare International, 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.
Our Stami Digital portfolio has been extended by Stamicarbon’s acquisition of IT specialist company Protomation. The portfolio offers digital process solutions and services to help fertilizer plants achieve operational excellence by turning real-time process data into meaningful information to improve plant effectiveness and boost plant productivity. This digital 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. Next to urea, we design nitric acid plants with maximum energy recovery, reliable operation and minimal greenhouse gas emissions.
14
SINCE
1924
75+
UREA PLANTS
100+
AMMONIA PLANTS
52%
MARKET SHARE (#1 WORLDWIDE) IN LICENSING UREA SYNTHESIS PLANTS
33%
MARKET SHARE (#2 WORLDWIDE) IN LICENSING UREA GRANULATION TECHNOLOGY
15
Oil & Gas Refining WE ARE EXPERTS WITH NUMEROUS REFERENCES We are established upstream and downstream players through our Tecnimont and KT – Kinetics Technology subsidiaries, with contracts for mega-gas processing complexes, oil field development mega-projects and refinery process units.
WE HAVE MATURED A FIRST-CLASS INTERNATIONAL REPUTATION We have successfully completed Engineering, Procurement & Construction (EPC) contracts on world wide basis. We’re currently executing major contracts in the Russian Federation, CIS, Europe (Poland), Azerbaijan, India and Algeria.
WE PROVIDE OUR OWN PROPRIETARY TECHNOLOGIES Our KT - Kinetics Technology subsidiary offers proprietary technologies in Sulphur Recovery and Hydrogen Production Units. It also supplies critical equipment internationally, with significant EPC and EPC management refinery projects under way at the SOCAR Baku Refinery, the GAZPROMNEFT Moscow and OMSK Refineries (new complete hydroskimming refinery, new DCU unit) and the LOTOS Gdansk Refinery (DCU complex, naphtha hydrotreater, vacuum distillation, HPU).
GOOD POSITIONING AND STRONG SKILLSET
We intend to focus on oil & gas refining 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, improving efficiency. Our companies’ skills are not limited to process engineering, but cover all aspects of project management, from the feasibility to the commissioning phase, guaranteeing our clients design-to-cost engineering and a construction-driven approach.
OUR ONGOING PROJECTS
Examples of ongoing projects include the OMSK Delayed Coker, in which the improvement of output efficiency and the mitigation of environmental impacts are combined with partnerships with strategic suppliers and local subcontractors; 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 wich 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.
NEWLY AWARDED PROJECTS
We won an ISBL Package, in the framework of the HORIZON Project, by Total Raffinage France, part of Total Group, the third project for Total in the last decade. The Scope of Work relates to Engineering, Procurement, Construction, and Commissioning (EPCC) of a new Hydrotreatement Unit to be realized in the Donges Refinery, in Western France. The Hydrotreater will have a capacity of 40,000 barrel per day. We’ve also been awarded of two EPC contracts by SOCAR’s subsidiary Heydar Aliyev Oil Refinery for the execution of new generation refining units in Baku (Azerbaijan).
16
130,000 BOPD
CRUDE REFINERY CAPACITY, CORU MOSCOW REFINERY UPGRADING PROJECT
73,000 BOPD
OIL TREATMENT CAPACITY, ADCO AL DABB’IYA PHASE III PROJECT
88,000 TONS STEEL STRUCTURES GAZPROM (NIPIGAS) AMURSKI GAS PROCESSING PLANT
370 KM 2,150 MMSCFD
GAS TREATMENT CAPACITY, GASCO HABSHAN 5
GATHERING AND EXPORT PIPELINE NETWORK, ADCO AL DABB’IYA PHASE III PROJECT
17
Energetics & New Power WE ARE EXPERTS IN THE ENGINEERING, DESIGN AND CONSTRUCTION OF ADVANCED ELECTRICITY GENERATION PROJECTS INTERNATIONALLY
WE DELIVER RELIABLE POWER PLANTS BASED ON NATURAL GAS, USING STATE-OF-THE-ART TECHNOLOGIES IN OPEN AND COMBINED CYCLE SOLUTIONS
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.
Our technologies guarantee the highest plant efficiency, reducing emissions and environmental impact to a minimum.
WE PROVIDE PROJECT MANAGEMENT CONSULTANCY AND DUE DILIGENCE SERVICES, ALONG WITH FEASIBILITY STUDIES AND FRONT-END ENGINEERING 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.
18
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 implemented in the plants we build also allow more flexibility in operations, guaranteeing either the safe production of energy from natural and renewable resources, and, at the same time, adjusting the energy production to sustain and feed the different regional and national grids each country has.
SINCE
1962
21,000 MW INSTALLED
44
COUNTRIES
280 PROJECTS
19
Green Chemistry & Renewables NEXTCHEM: THE COMPANY AND BUSINESS AREAS
technologies which use biomass or biological raw materials to produce intermediates, biofuels and bio-plastics.
NextChem is the Maire Tecnimont Group’s company for green chemistry and energy transition, founded in 2018. The company has a portfolio including proprietary technologies, exclusive licensed technologies, technology integration platforms, and EPC contracts. NextChem plays partner and coordinator role in more than 10 international research projects. NextChem’s roadmap is focused on three areas of activity: Greening the Brown – technologies for the reduction of pollutant and GHG emissions released from existing plants; Circular Economy – technologies for the mechanical recycling (Upcycling) of plastic waste and chemical recycling (conversion) of non-recyclable plastic waste, RDF and other dry waste; Green-Green –
NEXTCHEM’S GREEN CIRCULAR DISTRICT MODEL NextChem has developed a "Green Circular District" model which integrates Upcycling technology and chemical recycling of non-recyclable plastics and dry waste into syngas and “circular” chemicals with technologies for the production of hydrogen from renewable sources by electrolysis. This model integrates proprietary and licensed technologies already proven, available and ready to be industrially implemented, and it allows to realize industrial projects which are environmentally, socially and economically sustainable. The Green Circular District
NEXTCHEM PLAYING FIELD 1st Generation Bio-Fuels 2nd to 3rd Generation Bio-Fuels
CREATE
Plastic Waste Upcycling (Mech. Recycling) Integrated Recycling (Mechanical & Chemical) Waste to Fuels
IMPROVE
NE
WA BL E
EN ER G
IES
Bio-Polymers for High Added Value Applications
RE
Waste to Chemical Circular HydrogenTM
Renewable Energy to Chemicals & Fuels REDUCE
Carbon Capture & Natural Gas Exploitation Green and Electric Blue HydrogenTM
RENEWABLE ENERGIES
20
model is mainly aimed at green recovery of industrial brownfield sites, above all in petrochemical and steel sectors. The aim of the Green Circular District is to replace fossil sources in industrial processes (as natural gas or hydrogen from methane) with feedstocks (renewable or circular) with a lower carbon footprint, which allow to reduce CO2 emissions of industrial sites and to increase recycling, improving circular economy. NextChem’s model is a virtuous one for the economy’s green relaunch: it combines circular economy with decarbonization goals, for the development and sustainable recovery of traditional sites based on fossil sources, it is useful for a green relaunch of local economy, to create employment and new skills. Finally, the production of chemicals which are building blocks for industry allowing the reduction of using existing sites and waste as feedstock, allows to reduce virgin raw materials supply, cutting down the reliance of importing countries (like Italy) from abroad.
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 global network. Neosia’s expertise in renewable energy infrastructure creates strong synergies with NextChem for green hydrogen production powered by sustainable energy sources.
NEOSIA RENEWABLES: EPC CONTRACTOR FOR SUSTAINABLE POWER GENERATION We operate worldwide in the wind and solar power sectors through our dedicated Neosia Renewables subsidiary. Neosia Renewables 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 all international operators. In 2019, Neosia completed work a 300 MW windfarm in Amistad, Mexico.
21
Our New Sustainability Strategy
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CLIMATE, CIRCULAR ECONOMY, ENVIRONMENTAL SUSTAINABILITY
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V
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We are committed to bring social and economic value to the communities and territories in which we operate through our offices, operations and construction sites. O
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In 2020 Maire Tecnimont strengthened its sustainability commitment through a new medium and long-term strategy, with a particular focus on the energy transition. Our strategy has developed in line with our strategic industrial plan, and has four clusters and an important role for governance, across all areas of the business.
We are committed to be enablers of the energy transition and to promote the circular economy, providing the market with valuable technological solutions, economically sustainable and environmentally effective for decarbonization and circularity. We aim to stimulate the demand for green chemistry technologies and to enable the transition also in our traditional business areas, while reducing at the same time our own carbon impact.
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GO
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VALUE FOR TERRITORIES AND COMMUNITIES
GO
CE
OUR PEOPLE AND THE VALUE OF H&S AND DIVERSITY
CE
We are committed to acting in coherence with international guidelines and being respectful of local laws, promoting our code of conduct and our values along our supply chain, integrating the ESG approach into the corporate governance, aiming at improving our ESG rating and at being included in one or more sustainability indexes.
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Our People are at the center of our business: our commitment is to promote their safety, their well-being, professional growth, merit recognition, protecting their health and promoting equal opportunities for an authentically sustainable and inclusive organization.
CREATION OF INNOVATION THAT BRINGS WELL-BEING
We are committed to develop and industrialize innovation by making it “open innovation” bringing well-being, for a socially and environmentally sustainable progress.
ENABLER OF THE ENERGY TRANSITION
1
ACCELERATING TOWARDS CARBON NEUTRALITY
ENABLER OF AN HYDROGEN ECONOMY
7
2
FERTILIZERS: IMPROVERS OF MORE SUSTAINABLE PROCESSES AND PRODUCTS
IMPROVER OF ENVIRONMENTAL PERFORMANCES OF THE TRADITIONAL PLANTS
CO2 INTERNAL TASK FORCE
6
3 Discover more about our priority goals towards 2025 on Sustainability Report 2020 (page 23).
NEW POWER: ENABLER OF A SUSTAINABLE USE OF GAS AS A CO-PLAYER IN ENERGY TRANSITION AND DEVELOPER OF RENEWABLES
5
4
PETROCHEMICALS: ENABLER OF PLASTICS SUSTAINABILITY ACROSS LIFE CYCLE
OUR COMMITMENT WITH THE UN GLOBAL COMPACT Our adoption of the UN Global Compact almost a decade ago marked the beginning of a journey of increased commitment to aligning the way we do business and create value for shareholders and stakeholders with the Compact's 10 principles. In 2020 we took another step forward in this process by signing the Women's Empowerment Principles promoted by the UN Global Compact and UN Women. The 7 principles not only provide a roadmap to help the private sector to make gender equality a reality, they also clearly and concretely mark out the actions we are committed to pursuing in order to achieve inclusion and gender equality in the workplace, in communities and in the marketplace.
MAIRE TECNIMONT IS COMMITTED TO THE FOLLOWING 14 SUSTAINABLE DEVELOPMENT GOALS ON A TOTAL OF 17 GOALS IDENTIFIED BY THE UN
23
TYPE OF PROJECTS: FERTILIZERS PETROCHEMICALS OIL&GAS REFINING
€3.2 bn
TOTAL SPEND ON GOODS AND SERVICES IN THE LOCAL ENVIRONMENT
53%
OF THE PROJECT COSTS
NEW EUROPEAN PDH PLANT PROJECT Kallo (Kieldrecth), Belgium BAYTOWN CHEMICAL EXPANSION PROJECT Texas, USA
VACUUM GASOIL HYDROTREATMENT UNIT Donges, France NEW DELAYED COKING COMPLEX Rijeka, Croatia PROPANE/PROPYLENE SPLITTER UNIT, STORAGE & INTERCONNECTING Rijeka, Croatia
LOCAL CONTENT IN OUR MOST REPRESENTATIVE PROJECTS Evaluation of local content in quantitative terms helps Maire Tecnimont to quantify the positive effects of its activities on local economies and societies. In particular, the Group’s 27 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 labor and training in the local environment, in December 2020 amounts to approx. €3.2 billion, corresponding to 53% of the costs of the projects.
24
AN, CAN, ASN GRANULATION PLANT Wloclawek, Poland
UREA UAN PLANT Gemlik, Turkey
LPG TRAIN 4 ZCINA Hassi Messaoud, Algeria
PE PELLETTIZING AND BAGGING AREAS OF PRODUCTION PLANT N°4 Budyonnovsk, Russian Federation
AMURSKY GAS PROCESSING PLANT, UI&O PACKAGE 3 Svobodny, Russian Federation
AGCC PE/PP/LAO Svobodny, Russian Federation
EPC WORKS FOR NO. 5 REFINERY PROCESS UNITS Kvstovo, Russian Federation AMMONIA UREA PLANT Kingisepp, Russian Federation
UREA PLANT Togliatti, Russian Federation
DELAYED COKING UNIT (DCU) OMSK REFINERY Omsk, Russian Federation FCC UNIT REVAMPING Burgas, Bulgaria
MODERNIZATION BAKU OIL REFINERY-HAOR PROJECT Baku, Azerbaijan
HDPE PLANT Bathinda (Punjab), Northern India HYDROGEN GENERATION UNIT Mumbai, India
FERTILIZER COMPLEX Aswan, Egypt NAPHTA HYDROTREATHER AND SULPHUR RECOVERY UNIT Rabigh, Saudi Arabia
PP PLANT Bathinda (Punjab), Northern India
BOROUGE PP5 PROJECT Ruwais, UAE
NEW HDPE, PP REVAMPING Batangas, The Philippines
PP PLANT (RAPID) Pengerang, Malaysia HDPE PLANT (RAPID) Pengerang, Malaysia
EPCI OF A NEW PLATFORMING UNIT Luanda, Angola
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NextPlant: our way to Digital Transformation To help its EPC clients succeed in their digital transformation, Maire Tecnimont has launched its NextPlant platform, a portfolio of digital solutions and services that, becoming a source of differentiation and competitive advantage, creates cost-competitive EPC processes and unlock value for plant owners.
At the same time, by developing an ecosystem of qualified partners, Maire Tecnimont is expanding its digital portfolio (NextPlant) to include products and services that can reduce the operating costs of industrial plants, helping to increase their sustainability by lowering CO2 emissions (for example by using process optimizers), reducing the risk of accidents affecting people and the environment through predictive maintenance, facilitating the transfer of skills and creating new job opportunities (such as advanced training systems).
The Group’s digital transformation program has two main areas. The first is the digitalization of our own core processes in several different ways: by using digital enablers to increase competitiveness by reducing costs for Maire Tecnimont Group companies and for their customers, and by speeding up the bidding process and project execution.
SUSTAINABLE DIGITAL TRANSFORMATION
Digitalization of our own core processes enabled us to guarantee business continuity during the pandemic. During the spring of 2020, meetings on the Group's collaboration platform (Teams) increased from a few hundred to over 3,000 events per day. The second main element is to create a digital advantage as an EPC contractor by incorporating digital services for new and existing clients by improving plant productivity, by reducing operating costs and by increasing plant sustainability. We are identifying new value based on technologyenabled offerings; improving customer experience and therefore our business proposition; deploying opportunities to enhance the generation of In-Country Value (ICV) in the regions where we do business. The portfolio as a whole contributes to reduce the Total Cost of Plant Ownership (TCO) that we can offer our clients. Our progress has allowed us to better manage our EPC work sequences, leading to improved control of project execution in time and quality, and also greater control of HSE aspects during construction. 26
Digital transformation plays an important role in all sustainability issues. On the one hand, it dematerializes the physical concept of the workplace in favour of remote working, while on the other, it makes information and data fully transparent and accessible, eliminating role and generation gaps as well as gender and disability gaps. Our digital transformation is therefore intertwined with our sustainability strategies. Three quarters of our digital solutions support transparency and inclusiveness. Seventy percent of these solutions support good HSE practices and C02 reduction. And 25% support knowledge and skills transfer in the countries where we do business. The Covid-19 pandemic made us experience major changes in many of the basic aspects of our working environment: our concept of the workplace, the way we relate to each other and our colleagues’ work-life balance. Remote working for office staff is just part of this shift. By dematerializing work processes, remote digital solutions also significantly reduce the environmental impact of the Maire Tecnimont Group's activities and of the operational plants. Digital transformation also encourages the transfer of know-how to local workers in the countries hosting our projects; for example, remote collaboration tools
facilitate on-the-job training throughout the various stages of project development. Digital solutions increase worker safety during plant construction and commissioning stages, as potentially dangerous inspections can be carried out remotely, and they allow for a better analysis of “congested” work areas. Concerning the enviromental impact, the reduction of 2% of steam and of 0.5% of electricity yearly consumed by a medium-sized fertilizer plant (1,500 MTPD) leads to avoiding emission of around 1,600 tonnes of CO2 per year. We can pursue this target using the new generation of process optimizers, which are under development for all the licensing companies in the Maire Tecnimont Group.
FEASIBILITY
ENGINEERING
FEED
Optimized tendering & estimating
+
Fully collaborative advanced engineering
CYBERSECURITY As part of the acceleration of the digitalization process in 2020, we maintained the highest standards of IT security as an essential and integral part of our development model. As a result, no security vulnerabilities were found in the system. In 2020, the Maire Tecnimont Group obtained ISO:27001 certification for the management of corporate information. As an EPC contractor with half a century of industrial experience, Maire Tecnimont has the know-how to design industrial plants with a “security design driven” approach. A deep understanding and long experience with plant design, construction and operational management allows Maire Tecnimont to take a holistic approach to cybersecurity over the full life of the plant with an end-to-end approach.
CONSTRUCTION & COMMISSIONING
PROCUREMENT
+
Optimized sourcing & supply chain orchestration
+
OPERATIONS
Digital construction suite
DIGITAL SUITE FOR EPC
+ Digital Suite for Operation & Maintenance
Advanced E-P-C planning & monitoring
+ E2E document & deliverable management
+ E2E material management
DIGITAL SUITE FOR O&M
NEXTPLANT OUR DIGITAL COMPREHENSIVE SUITE IS DEVELOPED TO PROACTIVELY MEET CLIENTS NEEDS
ADT Asset Digital Twin & 3D based CMMS
POE Process Optimization Engine
PMS A.I. based Predictive Maintenance
OTS + VR Operator Training Simulator w. virtual reality
HSSE Geo-tracking of personnel
DFF + AR Digital Field Force w. augmented reality
OUR DIGITAL SOLUTIONS ENHANCE EPC EXECUTION EFFICIENCY AND UNLOCK VALUE FOR PLANT OWNERS
Increase Effectiveness & Efficiency of EPC processes
Mitigate Risks
Improve Plant Operational Efficiency
Reduce Plant Carbon Footprint
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OUR DIGITAL SUITE FOR PLANT OPERATION & MAINTENANCE Digitalization delivers a reduction of operational expenditure and increases the plants’ productivity, reliability and maintainability by gathering and elaborating data through Artificial Intelligence and Machine Learning techniques. The Asset Digital Twin (ADT) is the core of digitalization. It consists of a 3D model as a single repository of asset information, based on CHFIOS standard, starting with the technical documents produced during EPC phases. The ADT grows along with the plant lifecycle, to include maintenance plans developed by vendors, and is continuously updated with maintenance and inspection reports, becoming a fundamental backbone for future solutions for plant and people productivity, and connected field operations. Process Optimization Engine: by capturing process data from plant operations in a digital replica of plant processes that use thermodynamic/kinetic equations up to statistical correlations, plants can run at the nearest possible level of optimum design, in a safe and efficient manner. This cuts energy consumption, thereby reducing a plant’s carbon footprint. Prescriptive and Predictive Maintenance Suite: traditional maintenance suites are improved by merging a prescriptive maintenance database with a 3D model of the plant. Moreover, statistical and machine learning algorithms are used to identify abnormal operating conditions and predict failures in advance. This reduces OPEX by reducing unplanned maintenance and unexpected shutdowns. Operator Training Simulators (OTS) combined with Virtual Reality (VR) environment: the virtual simulation scenario allows for safe tests for any potentially dangerous plant conditions, without creating any real risk for human beings and the environment. Plant operators are trained in advance using these tools ahead of start-up, maximizing effectiveness from the very first months of plant operation.
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Connected field operations: a digital HSSE platform connects operators via smart devices so they can be monitored remotely to avoid potential harm to themselves or the environment. In a fully connected plant, a Digital Field Force has data at its fingertips through mobile applications linked to a central repository and experts. Remote assistance can be provided in real time while limiting the circulation of experts across geographical regions. This approach saves money and also reduces injury risk. The backbone to unlock any digital field service is the plant connectivity characterized by a very wide band and very low latency time. Therefore, new communications paradigms (like 5G technology) are crucial within the plant. Being a technology-driven contractor makes Maire Tecnimont the single orchestrator of the EPC value chain to envision a digital plant that will meet plant owner business needs to generate significant positive impacts on plant capex and opex. We are industrializing cutting-edge technological concepts like wireless plant based on 5G, block chain application to industrial complex, etc. thus to create a “NEW INDUSTRY STATE OF THE ART”.
Maire Tecnimont Group Operative Headquarters Via Gaetano de Castillia, 6A 20124 Milan, Italy P +39 02 63131 info@mairetecnimont.it mairetecnimont.com
