NEXTCHEM CORPORATE PROFILE July, 2022
SUMMARY 1. Maire Tecnimont Group 2. NextChem company introduction 3. Carbon and Emissions Reduction
4. Circular Economy
CORPORATE PROFILE
5. Biofuels
MAIRE TECNIMONT GROUP BUSINESS UNITS
G R E E N A C C E L E R AT I O N
ENERGY AND CHEMICALS
LARGE-SCALE EPC: •
OIL&GAS REFINING • PETCHEM • FERTILIZERS
OIL&GAS REFINING
FERTILIZERS TECHNOLOGY
PROJECT DEVELOPMENT
•
GREEN CHEMISTRY
•
ENERGY TRANSITION
RENEWABL E ENERGY
•
ENERGY EFFICIENCY
•
FACILITY MGMT
CORPORATE PROFILE | GROUP OVERVIEW
AREAS OF EXPERTISE G A S M O N E T I Z AT I O N & T R A N S I T I O N F U E L S PETROCHEMICALS • • • •
Polyethylene (LDPE, HDPE) Polypropylene Propane Dehydrogenation (PDH) Aromatics
~45 COUNTRIES
FERTILIZERS
OIL & GAS REFINING • • • • •
Refining Hydrogen and Syngas Sulphur Recovery Tail Gas Treatment Fire Heaters
ENERGY TRANSITION
• • •
Urea Ammonia Nitric Acid
50 OPERATING COMPANIES
• • • • • • •
Low-Carbon Hydrogen CO2 Capture and Valorization Renewable Diesel, 2G Ethanol and SAF Plastic Upcycling, Waste to Chemical Bioplastics Solutions for Renewable Energy Energy Efficiency
~1,500 TOTAL DELIVERED PROJECTS
TECHNOLOGICAL LEADERSHIP TO ENABLE ENERGY TRANSITION FERTILIZERS
ENERGY AND CHEMICALS
PETROCHEMICALS WELL ROOTED TECHNOLOGY ORIENTATION: MARKET LEADER (#1) FOR INSTALLED CAPACITY (last 10ys)
30% 50%
MARKET SHARE IN POLYOLEFIN PLANTS
52% 33%
GREEN ACCELERATION
MARKET SHARE IN
WELL RECOGNIZED LEADERSHIP IN LICENSING HYDROGEN TECHNOLOGY AND IN LICENSING SULPHUR RECOVERY AND TAIL GAS TREATMENT TECHNOLOGY
LICENSING UREA GRANULATION TECHNOLOGY (#2 worldwide)*
MARKET SHARE IN
Since 1970
Since 1924
Since 1971
MORE THAN
175 260 AMMONIA AND UREA PLANTS**
POLYETHYLENE AND POLYPROPYLENE PLANTS AND PROJECTS **
• • • • •
MYREPLASTTM UPCYCLING PLASTIC CHEMICAL RECYCLING WASTE TO CHEMICALS GREEN CIRCULAR DISTRICT BIO-POLYMERS
1,857 Cumulated Patents
* Data are based on corporate analysis
** Completed
• •
LICENCE UREA PLANTS**
GREEN AMMONIA UREA AND NITRIC ACID BASED ON SUSTAINABLE FEEDSTOCK
• • • •
STRONG COMMITMENT TO TECHNOLOGY DEVELOPMENT
*** Completed and ongoing
21GW INSTALLED WORLWIDE
WORLD CLASS TRACK RECORD IN LARGE GAS TREATMENT PLANTS AND REFINERY PROCESS UNITS
LDPE PLANTS
220 CORPORATE PROFILE | GROUP OVERVIEW
MARKET SHARE IN LICENSING UREA PLANTS TECHNOLOGY (#1 worldwide)*
ENERGETICS & NEW POWER
OIL & GAS REFINING
RANK ENR WORLD TOP-10 POWER MARKET ENGINEERING COMPANIES 2016
7th Since 1962
MORE THAN
MORE THAN
250
280
HYDROGEN AND SULPHUR RECOVERY UNIT PROJECTS**
POWER GENERATION PROJECTS
RENEWABLE DIESEL (HVO) SUSTAINABLE AVIATION FUEL FROM HVO 2G BIO-ETHANOL CO2 CAPTURE AND VALORIZATION
€56MN
INVESTED IN INNOVATION
~80
• • • • •
RENEWABLE ENERGY GREEN HYDROGEN (ELECTROLYSIS) ELECTRIC BLUE HYDROGENTM (ELECTRICAL SMR) CIRCULAR HYDROGEN CIRCULAR GAS
R&D PROJECTS
>30
TECHNOLOGIES IN GREEN ACCELERATION
FINANCIAL DATA FY 2021 Consolidated Financial Results SOLID AND IMPROVING FY 2021 FINANCIAL PERFORMANCE
HYDROCARBON BU BACKLOG BY TYPE (€M, 31/12/20 - 31/12/21) 9,219
REVENUES
€2.9 BN +8.9%
CORPORATE PROFILE | FINANCIAL DATA
DRIVEN BY NEW ORDER INTAKE
EBITDA
€173.7 MN +0.9%
5,784 8,029
EBITDA MARGIN 6.1%
4,299 ORDER INTAKE
€6.4 BN
BACKLOG
€9.5 BN
+ €3.701 M THE HIGHEST BACKLOG EVER
THE HIGHEST ORDER INTAKE EVER
3.3X BACKLOG COVER** (**) Defined as the ratio between backlog and the last twelve months’ revenues.
1,288
197
31/12/20
955
235
3/12/2021 E
EP
EPC
GOOD MIX BETWEEN E, EP, AND EPC * Changes vs FY 2020
E+EP: €1.2 BN
FINANCIAL DATA FY 2021 Consolidated Financial Results BACKLOG BY BUSINESS UNIT (€M, 31/12/20 - 31/12/21)
BACKLOG BY GEOGRAPHY (DEC 2021)
9,488 NORTH AMERICA 1%
269
6,002
81% GAS MONETIZATION & ENERGY TRANSITION
218 CORPORATE PROFILE | FINANCIAL DATA
9,219
AFRICA 18%
EUROPE 33%
5,784 ASIA 12% 31/12/20
Hydrocarbons
31/12/21
Green Energy SOLID AND DIVERSIFIED BACKLOG
MIDDLE EAST 36%
SUMMARY 1. Maire Tecnimont Group 2. NextChem Company introduction 3. Carbon and Emissions Reduction
4. Circular Economy
CORPORATE PROFILE
5. Biofuels
LA ROADMAP DI NEXTCHEM KEY1st GREEN INDUSTRIES Generation Bio-Fuels
Green Green
2nd to 3rd Generation Bio-Fuels
Create
Bio-Polymers for High Added Value Applications
(biological components as feedstock)
CORPORATE PROFILE | NEXTCHEM INTRODUCTION
Plastic Waste Upcycling (Mech. Recycling)
Circular Economy
Integrated recycling (Mechanical & Chemical)
Improve
Waste to Fuels
(re-use of waste)
Waste to Chemicals
Circular HydrogenTM
Greening the Brown (carbon and emission reduction)
Reduce Renewable energies
Renewable Energy to Chemicals & Fuels Carbon Capture, Use and Storage Green and Electric Blue HydrogenTM
Renewable Energies
NEXTCHEM BUSINESS MODEL
OPERATOR
NEXTCHEM BUSINESS MODEL
CORPORATE PROFILE | NEXTCHEM INTRODUCTION
(EQUITY CONTROL OF GREEN PRODUCTION PLANT/ PLAYER)
JV PARTNER
NextChem will activate optimal business model on a case by case basis with the objective of maximizing return of IP Portfolio and commercial opportunities
NEXTCHEM BUSINESS MODEL
(EQUITY AND TECH PARTNERNSHIP WITH INDUSTRIAL PLAYER)
EPC ORIGINATOR (COMMERCIAL ORIGINATION BACKED BY MET CAPABILITIES)
LICENSOR (IP AND FEED COMMERCIALIZATION TO INDUSTRIAL PLAYERS)
EPC ORIGINATOR AND LICENSOR BUSINESS MODELS TO BE PURSUED ONLY IF OPERATOR / JV PARTNER OPTIONS ARE NOT POSSIBLE
SIGNIFICANT SCALE
SMALL SCALE INVESTMENT SCALE
(CAPEX REQUIRED TO DEVELOP FULL INDUSTRIAL SCALE PLANT)
SUMMARY 1. Maire Tecnimont Group 2. NextChem company introduction 3. Carbon and Emissions Reduction
4. Circular Economy
CORPORATE PROFILE
5. Biofuels
NEXTCHEM SOLUTIONS FOR REFINERY DECARBONIZATION AND EMISSIONS REDUCTION
CORPORATE PROFILE | NEXTCHEM SOLUTIONS
a
b
c
Cleaner Hydrogen Production
CO2 Capture and Valorization
Emissions reduction
Technologies to produce a cleaner and low-carbon hydrogen for refinery processes:
Capture of CO2 from flue gas and process streams for storage or conversion to carbon neutral valuable chemicals or fuels:
Technologies towards a zerochimney refinery, with no harmful emissions (e.g. CO, SOx, NOx):
– Electric Blue™ Hydrogen – Circular Hydrogen™ – Green Hydrogen
– Synthetic Natural Gas (methane)
– Refinery sour gases (e.g. H2S and NH3) to Sulphur and Hydrogen (S.O.A.P.™ process)
– Methanol & Ethanol
– Electrification of fired heaters
– Synthetic crude, diesel, gasoline and jet fuel
– Flare gas recovery
a
LOW-CARBON HYDROGEN IN O&G REFINING Low-Carbon Hydrogen Value Propositions for O&G Refining
“a feedstock to produce fuels with a lower carbon intensity and a premium value”
“a mean to reduce the refinery emissions (CO2, CO, SOx, NOx)”
Different feedstocks for different technologies, different technologies for different opportunities. FEEDSTOCK
TECHNOLOGY
MARKET AND UTILIZATION
CORPORATE PROFILE | LOW CARBON HYDROGEN
Electrolysis
Renewables
H2 Electrical SMR
Bio-refineries & Refineries
Green Hydrogen
Industrial Users Electric Blue Hydrogen™
Heavy-duty Mobility
Natural Gas Gasification
Circular Hydrogen™
Synthetic Natural Gas
Waste / RDF Waste CO2 Capture
Biogas / Flue Gas / Geothermal / Amb. Air
CO2
e-fuels CO2 Capture and Valorization
Methanol, Crude Gasoline, Jet-fuel, Diesel
CORPORATE PROFILE | LOW CARBON HYDROGEN
a
LOW-CARBON HYDROGEN PRODUCTION: ALTERNATIVE TECHNOLOGIES
Note: (1) vs. conventional SMR Grey Hydrogen, up to 100% achievable with CO2 capture. (2) vs. conventional SMR and waste incineration, up to 100% achievable with CO2 capture.
CORPORATE PROFILE | GREEN AMMONIA AND GREEN HYDROGEN SOLUTIONS
AMMONIA REVAMPING – GREEN H2 TO DECARBONIZE FERTILIZERS Green H2 from electrolysis can supplement the traditional reformer’s H2 production in order to obtain partially Green Ammonia, achieving: • Lower footprint • Maximizing RES utilization rate From PROCESS
MARKET
NH3
H2-N2 METHANE
REFORMER
AMMONIA PLANT
AIR
AND/OR
INTERN AL USE
H2 WATER ELECTROLYZER
RENEWABLE ENERGY
FLUCTUATING SUPPLY + STORAGE ISSUES
FLUCTUATING ENERGY DEMAND
URBAN AREA
b
CO2 CAPTURE AND VALORIZATION CO2 Capture and Valorization Value Propositions for O&G Refining
“decarbonization of existing assets through the recovery of CO2 from flue gas or ambient air”
CO2 Capture in Maire Tecnimont Group
“conversion of CO2 to carbon neutral fuels or for permanent storage”
CO2 Valorization in Maire Tecnimont Group
CORPORATE PROFILE | CO2 CAPTURE AND VALORIZATION
from Flue Gas Equivalent to more than
5 EPC
2,000 TPD of CO2 recovered
in Ammonia plants Equivalent to more than
8 EPC
17,000 TPD of CO2 recovered
in Oil&Gas and Refinery Equivalent to more than
7 EPC
6,000 MMSCFD of sour gas treated
✓ working with best-in-class technology licensors across the whole value chain
✓ enabling the exploitation of the availability of low-cost renewable energy to produce carbon-neutral e-fuels from CO2 ✓ full Project Development contractor capabilities
and
EPC
b
CO2 CAPTURE AND VALORIZATION: CARBON NEUTRAL E-FUELS FEEDSTOCK
CAPTURE AND UTILIZATION
MARKET
Liquids logistic by trucks
Electrolyzer RES
REFINING
CO2 AS RES VECTOR
Mobility & Aviation
Green Hydrogen
Renewable Energy Sources (RES)
Petrochemical Feedstock
CORPORATE PROFILE | CO2 CAPTURE AND VALORIZATION
CO2 Source
CO2-to-Liquids CO2
Geothermal
H2
Carbon Neutral e-crudes
Flue Gas
Direct Air Capture
Refining in existing assets to increase decarbonisation
❑ Producing e-crude for the production of carbon neutral e-fuels, allowing the decarbonization of the aviation industry and mobility sector ❑ Modular small to medium scale standalone plants for the conversion and storage of cheap RES into high-value carbon neutral liquids ❑ Only feedstocks required are water and air: possibility to store and valorize the low-cost RES, even in stranded context ❑ Using the hydrocarbons as a feedstock for steam crackers and polyolefins plants could result in a medium-term storage of CO2 in durable plastics
Small scale e-gasoline and e-diesel production plant
c
EMISSIONS REDUCTION THROUGH THE ELECTRIFICATION OF FIRED HEATERS Emissions Reduction Value Propositions for O&G Refining
“zero-chimney and zero-emissions, redefining the skyline of the refinery of tomorrow” from today…
Refinery fired heaters electrification
CO2
NOx
CO SOx
0
EMISSIONS ACHIEVABLE
SAFER REFINERY
RUN REFINERY ON RES
CORPORATE PROFILE | EMISSIONS REDUCTION
From fired process heaters, to electrical ones: ✓ flameless heaters for a better temperature control and a safer refinery …to tomorrow
✓ off-gas recovery to extract additional value from the barrel Concept under development in the Maire Tecnimont Group, leveraging on the long-standing experience and know-how in fired heaters design.
SUMMARY 1. Maire Tecnimont Group 2. NextChem company introduction 3. Carbon and Emissions Reduction
4. Circular Economy
CORPORATE PROFILE
5. Biofuels
CORPORATE PROFILE | BUSINESS CLUSTERS AND TECHNOLOGY SOLUTIONS
BUSINESS CLUSTERS AND TECHNOLOGY SOLUTIONS
Circular Economy Solutions Possibilities to further reduce emissions through: – Plastic Upcycling to offset direct emissions linked to traditional refineries’ operations – Non-recyclable Plastic Waste Conversion to Circular Chemicals and Circular Fuels
– Pyrolysis and gasification: plastics to plastics and plastics to Chemicals
FROM UPSTREAM WASTE SORTING TO PLASTIC WASTE VALORIZATION FEEDSTOCK
TECHNOLOGY
1
Municipal Solid Waste
MRF / PRF (Material Recovery Facility – Plastic Recovery Facility)
CORPORATE PROFILE | WASTE VALORIZATION
Compounded GRANULES
Selected streams for further downstream valorization
ADVANCED SORTING AND MECHANICAL UPCYCLING
2
ADVANCED CHEMICAL RECYCLING
Re-Polymerization
3
H
H
Non-Recyclable Flexible Plastic Waste
SYNTHETIC CRUDE OIL
H H
Partnership with
Diesel-like Fuel
FEEDSTOCK
Rigid Plastic Waste
Regenerated FLAKES
H H
Sorting Plants for Undifferentiated Collection Systems Recovery Platforms for Separate Collection Systems
END PRODUCT
Upcycled Rigid Plastic Products
END PRODUCT
WASTE GASIFICATION
4
CIRCULAR CHEMICAL COMPOUNDS
H2, CH4, CH3OH etc…
SYNGAS CONVERSION
HARD-to-MANAGE Waste
MYREPLAST INDUSTRIES 40KT/Y UPCYCLING PLANT – ITALY
CORPORATE PROFILE | MYREPLAST INDUSTRIES
https://www.youtube.com/watch?v=z4hGUcTRaAU
INTEGRATED TECHNOLOGY: FROM SORTING TO COMPOUNDING Combining mechanical recycling and chemical modification to obtain high performance and purity HIGH FLEXIBILITY THROUGH ADVANCED SORTING • Sorting a range of polymer types: PP, HDPE and LDPE, PS, ABS, PA • Rigid plastics from urban and industrial Post-Consumer sources
CORPORATE PROFILE | FROM SORTING TO COMPOUNDING
Treating various polymer from post-consumer and post-industrial sources
HIGH EFFICIENCY PROCESS • Combining proven state-of-the-art technologies in a highly efficient process • Mechanical Grinding, Optical Sorting, Washing, Color Separation Achieving high purity products and a recovery rate of >95%
UPCYCLING PROCESS • Formulating and compounding step for tailored material performance • Bridging the gap between recycled plastics and virgin polymers
High performance products with consistent quality
ADVANCED CHEMICAL RECYCLING: PYROLYSIS FOR CIRCULAR FUELS AND PLASTICS
Consumer Products
CORPORATE PROFILE | ADVANCED CHEMICAL RECYCLING
Fossil Hydrocarbons
with
Re-Polymerization
LOW CARBON FUELS
SYNTHETIC CRUDE OIL
Plastic waste not mechanically recyclable
CIRCULAR FUELS FROM WASTE CONVERSION
CORPORATE PROFILE | CIRCULAR FUELS FROM WASTE CONVERSION
NextChem technology allows the production of Syngas (a Building block of Petrochemical Industry) via the Conversion of the Waste such as non recyclable plastics and RDF (Refuse Derived Fuel).
The Circular syngas is rich in Hydrogen that maybe extracted from the Syngas and used as Fuel or Chemical Feed-stock replacing the Fossil Hydrogen. Actually about 20% of the Refinery Carbon Emissions is generated by the internal production of Hydrogen. Furthermore, the Circular Syngas is used for the production of Circular Fuels such as Circular Methanol and/or Circular Ethanol.
Our Circular products replace effectively the «fossil» fuels and chemicals reducing the Carbon Footprint and the environmental impact of the Industry and Transportation.
WASTE CONVERSION TO CHEMICALS AND ROLES OF PARTIES Waste Co Plastic waste sorting
CORPORATE PROFILE | WASTE CONVERSION TO CHEMICALS
Waste management companies
RDF (refused derived fuel) and unrecyclable plastic
Chemical Conversion Syngas
Gasification
Off-taker partner
Membrane Sep. Circular HydrogenTM Syngas
FT synthesis Renew. Jet Fuel / Diesel
Methanol synthesis Methanol
Methanation Methane
Oil & Gas Cos. / Petrochemical / Steel plants
SUMMARY 1. Maire Tecnimont Group 2. NextChem company introduction 3. Carbon and Emissions Reduction
4. Circular Economy
CORPORATE PROFILE
5. Biofuels
CORPORATE PROFILE | NEXTCHEM SOLUTIONS FOR BIOFUELS PRODUCTION
NEXTCHEM SOLUTIONS FOR BIOFUELS PRODUCTIONS
Biofuel's production Blending or partial replacing of refineries’ traditional fuels with bio-fuels of 1st and 2nd Generations: – Renewable Diesel (HVO Saola Technology) – 2G bio-ethanol fuel
– Sustainable Aviation Fuel
BIOFUELS BLENDING OR SOSTITUTION: PROJECT SCHEME FEEDSTOCK
TECHNOLOGY
LOGISTIC - STORAGE
DISTRIBUTION - USERS
DIESEL RENEWABLE DIESEL
CORPORATE PROFILE | NEXTCHEM SOLUTIONS FOR BIOFUELS PRODUCTION
UCO, acid fats
1 Vegetable, oils, acid oils
7
SUSTAINABLE AVIATION FUEL
4
TRADERS
8
NETWORK OIL STATION
6 2
ETHANOL
Ligno Cellulosic Agricultural Waste
FLEETS 2G ETHANOL
7
3 5
1 Possibility to run renewable diesel plant with 2G feedstock transported from inhabited areas (e.g. UCO, acid fats) Renewable diesel plant next to 2 feedstock, minimizing logistic and ensuring volumes intake Note: (*) Requiring an additional blending process
3
4
Ethanol plant, running with 2G feedstock (e.g. ligno-cellulosic agricultural waste) – with direct access to fields Dedicated renewable diesel plant, with possibility to buildup plants of different size
5
6
Dedicated 2G ethanol plant, with possibility to build-up plants of different size
7
Renewable diesel plant could be adapted to produce jet fuel* or sustainable aviation fuel*
8
Outbound logistics to transport renewable diesel / 2G ethanol fuel to fuel storage tanks Storage tanks, to eventually blend renewable diesel / 2G ethanol with fossil fuels
NEXTCHEM & SAOLA ENERGY SMALL SCALE HVO SOLUTION
CORPORATE PROFILE | NEXTCHEM SOLUTIONS FOR BIOFUELS PRODUCTION
Have partnered to provide a RENEWABLE DIESEL offering sized to your feedstock supply
• • • • • •
• • •
Pre-Treatment Technology Hydrogen Solutions Refining know-how EPC Contracting / Wrap Modularization Solutions Financing Support
•
HVO Renewable Diesel Project •
Licensing, Lumpsum, Turnkey EPC
•
NextChem acts as single point of contact for technology & EPC o
•
Performance Guarantees
4 standard modules: 15 -30 – 60 – 90 KTY (ISBL pre-engineered) o
Accelerated project delivery
o
Ad-hoc design for different size
•
Core HDO & ISOM technology Experience with DCO Knowledge of corn ethanol facilities and co-location Commissioning, start-up and operational support Training
HVO RENEWABLE DIESEL - TECHNOLOGY APPLICATION
CORPORATE PROFILE | NEXTCHEM SOLUTIONS FOR BIOFUELS PRODUCTION
GARNETT, KS - USA • Site is co-located with a 1,75 Mt/y corn ethanol plant in Garnett, KS o Uses DCO from co-located mill in addition to sourcing from a nearby mill
• Site is operational o Scheduling visits in Q2 2020
• Operational History o o o o o
Original Start-up in 2016 Increased capacity by 50% in 2017 Upgraded H2 facility in 2019/2020 Diesel Yield in the 90-92% range Seamless integration with the ethanol facility
Feedstock: Distillers Corn Oil 30
NEXTCHEM & GRANBIO 2G ETHANOL SOLUTION
CORPORATE PROFILE | NEXTCHEM SOLUTIONS FOR BIOFUELS PRODUCTION
Have partnered to provide Clients the real proven 2G ethanol technology
• • • •
• •
Refining know-how EPC Contracting / Wrap Modularization Solutions Financing Support
• •
2G Ethanol project •
License Lumpsum, Turnkey EPC
•
NextChem acts as single point of contact for technology & EPC o
Performance Guarantees
o
Accelerated project delivery
o
Ad-hoc design for different size
Proven technology Knowledge of corn ethanol facilities and co-location Commissioning, start-up and operational support Training
2G ETHANOL TECHNOLOGY BLOCK FLOW – NXC & GRANBIO ONLY OPERATIONAL INDUSTRIAL 2G ETHANOL PLANT
Enginering know-how
CORPORATE PROFILE | GRANBIO 2G ETHANOL TECHNOLOGY
Disruptive Innovation
Ligno-Cellulosic Biomass
Pre-treatment of the Biomass
Hydrolysis to Sugars
Fermentation to Ethanol
2G Ethanol Distillation
Feedstock flexibility Chemical know-how
Mechanical Biomass conditioning
Lignin Separation
By-Product valorization
2G ETHANOL - TECHNOLOGY APPLICATION
CORPORATE PROFILE | GRANBIO 2G ETHANOL TECHNOLOGY
Plant #1 – 60 MMliter/y CAPACITY
• Site is located in Alagoas, Brazil just 55km away from the port of Maceio’ o Uses Ligno-Cellulosic Biomass
• Site is operational
Feedstock: Ligno-Cellulosic Biomass
NextChem S.p.A. Registered Office: Via di Vannina 88/94 00156 Rome - Italy P +39 06 9356771 Operating Office: Via Gaetano De Castillia 6A 20124 Milan – Italy P +39 02 63131 via Guido Polidoro 1 67100 L’Aquila - Italy P +39 0862 763411 F +39 0862 763547
www.nextchem.com