NEXTCHEM INTRODUCTION
NEXTCHEM INTRODUCTION
July, 2021
AGENDA 1. Maire Tecnimont Group 2. NextChem company introduction 3. Carbon and Emissions Reduction
4. Circular Economy
NEXTCHEM INTRODUCTION
5. Bio-Fuels
AT A GLANCE: TECHNOLOGY DRIVEN EPC CONTRACTOR
Oil&Gas Refining, Petrochemicals, Fertilizers, Polyolefins, Power Large-scale contracting Refining, Hydrogen&Syngas Production, Sulphur Recovery and Process Heaters Development and licensing of Urea Technology
CORPORATE PROFILE | GROUP OVERVIEW
Downstream Innovative Technologies Project development to originate business through early involvement in investment initiatives
Green Acceleration Project, Technological initiatives for energy transition Flexible solutions in Renewable Energy
~45 countries
50 operating companies
HYDROCARBONS
| FERTILIZERS | OIL & GAS REFINING | ENERGETICS & NEW POWER | GREEN CHEMISTRY & RENEWABLES
GREEN ENERGY
PETROCHEMICALS
~1,500 total delivered projects 3
A TECHNOLOGICAL APPROACH TO GREEN ENERGY FERTILIZERS
PETROCHEMICALS
HYDROCARBONS
WELL ROOTED TECHNOLOGY ORIENTATION: MARKET LEADER (#1) FOR INSTALLED CAPACITY (last 10ys)
30% 50% Since 1970
MARKET SHARE IN
52% 33%
POLYOLEFIN PLANTS MARKET SHARE IN
GREEN ENERGY
MARKET SHARE IN LICENSING UREA GRANULATION TECHNOLOGY (#2 worldwide)*
WELL RECOGNIZED LEADERSHIP IN LICENSING HYDROGEN TECHNOLOGY AND IN LICENSING SULPHUR RECOVERY AND TAIL GAS TREATMENT TECHNOLOGY
TECHNOLOGIES FOR ENERGY TRANSITION:
1,725 Cumulated Patents
GREEN AMMONIA UREA AND NITRIC ACID BASED ON SUSTAINABLE FEEDSTOCK
5
6
UNDER PARTNERSHIP FOR EXCLUSIVE LICENSING
STRONG COMMITMENT TO TECHNOLOGY DEVELOPMENT
Since 1962
MORE THAN
280
HYDROGEN AND SULPHUR RECOVERY UNIT PROJECTS**
• • • •
PROPRIETARY
7th
RANK ENR WORLD TOP-10 POWER MARKET ENGINEERING COMPANIES 2016
250
AMMONIA AND UREA PLANTS**
• •
INSTALLED WORLWIDE
WORLD CLASS TRACK RECORD IN LARGE GAS TREATMENT PLANTS AND REFINERY PROCESS UNITS
175
PLASTIC UPCYCLING PLASTIC CHEMICAL RECYCLING WASTE TO CHEMICALS GREEN CIRCULAR DISTRICT BIO-POLYMERS
21GW
Since 1971 MORE THAN
Since 1924
MORE THAN
POLYETHYLENE AND POLYPROPYLENE PLANTS **
CORPORATE PROFILE | GROUP OVERVIEW
MARKET SHARE IN LICENSING UREA PLANTS TECHNOLOGY (#1 worldwide)*
ENERGETICS & NEW POWER
OIL & GAS REFINING
LDPE PLANTS
210
• • • • •
* Data are based on corporate analysis ** Completed
POWER GENERATION PROJECTS
RENEWABLE DIESEL (HVO) SUSTAINABLE AVIATION FUEL FROM HVO 2G BIO-ETHANOL CO2 CAPTURE AND VALORIZATION
OVER
20
WITH A ROLE OF INTEGRATOR & EPC
€56MN
INVESTED IN INNOVATION
• • • • •
OVER
70
RENEWABLE ENERGY GREEN HYDROGEN (ELECTROLYSIS) ELECTRIC BLUE HYDROGEN (ELECTRICAL SMR) ELECTROCHEMISTRY/POWER TO X WASTE TO ENERGY
12
RESEARCH PROJECTS WITH A ROLE OF PARTNER / COORDINATOR
R&D PROJECTS
IN GREEN ACCELERATION (LAST 5ys)
4
FINANCIAL DATA Consolidated Financial Results 2020: SOLID FINANCIAL PERFORMANCE IN SPITE OF AN EXTREMELY CHALLENGING YEAR
REVENUES
€2.6 BN
CORPORATE PROFILE | FINANCIAL DATA
UNDERPINNED BY STRONG PROJECTS EXECUTION DESPITE COVID-19 RELATED CHALLENGES
ORDER INTAKE
EBITDA
HYDROCARBONS BU BACKLOG BY TYPE (€m, 31/12/19 - 31/12/20) 5,999
5,784
5,030
4,299
€172 MN EBITDA MARGIN 6.5%
BACKLOG
1,288
743
€2.7 BN THE HIGHEST BOOK TO BILL RATIO IN THE LAST 3 YEARS
€6.0 BN 2.2X BACKLOG COVER* (*) Defined as the ratio between backlog and LTM (last twelve months) revenues.
197
226
31/12/19 E
E+EP: €1.5 BN
31/12/20 EP
EPC
GOOD MIX BETWEEN E, EP, AND EPC 5
FINANCIAL DATA Consolidated Financial Results
A LEADING PLAYER IN GAS MONETIZATION AND TRANSITION FUELS
BACKLOG BY GEOGRAPHY (DEC. 2020)
58
NORTH AMERICA 2%
4
AFRICA 18%
6
88%
CORPORATE PROFILE | FINANCIAL DATA
6
OF BACKLOG IS GREEN-FOCUSED
26
ASIA 10%
MIDDLE EAST 7%
EUROPE* 63%
Gas Processing & Monetization: gas treatment, use of natural gas for downstream processes (petchem & fertilizers) Transition Fuels & Processes: greenfield plants for the clean fuel production as well as revamping of brownfield plants for the improvement of operation efficiency, CO2 reduction, recovery of bottom of the barrel Petchem from Oil: use of crude oil for petrochemical products Other: Gas-oil separation plants, O&G traditional refining unit operations, Power BU Green: Green Business Unit
* Out of which the vast majority pertains to Russian Federation
SOLID AND DIVERSIFIED BACKLOG 6
AGENDA 1. Maire Tecnimont Group 2. NextChem company introduction 3. Carbon and Emissions Reduction
4. Circular Economy
NEXTCHEM INTRODUCTION
5. Bio-Fuels
NEXTCHEM PLAYING FIELD KEY 1GREEN INDUSTRIES st Generation Bio-Fuels
Green Green
2nd to 3rd Generation Bio-Fuels
Create
Bio-Polymers for High Added Value Applications
(biological components as feedstock)
Plastic Waste Upcycling (Mech. Recycling) Circular Economy
Integrated recycling (Mechanical & Chemical)
Improve
Waste to Fuels
(re-use of waste)
Waste to Chemical
NEXTCHEM INTRODUCTION
Circular HydrogenTM
Greening the Brown (carbon and emission reduction)
Reduce
Renewable Energy to Chemicals & Fuels Renewable energies
Carbon Capture, Use and Storage Green and Electric Blue HydrogenTM Renewable Energies
8
AGENDA 1. Maire Tecnimont Group 2. NextChem company introduction 3. Carbon and Emissions Reduction
4. Circular Economy
NEXTCHEM INTRODUCTION
5. Bio-Fuels
NEXTCHEM SOLUTIONS FOR REFINERY DECARBONIZATION AND EMISSIONS REDUCTION a
b
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 NEXTCHEM SOLUTIONS
c
– Circular Hydrogen – Green Hydrogen
– Synthetic Natural Gas (methane)
– Methanol & Ethanol – Synthetic crude, diesel, gasoline and jet fuel
– Refinery sour gases (e.g. H2S and NH3) to Sulphur and Hydrogen (S.O.A.P.™ process) – Electrification of fired heaters – Flare gas recovery
11
a
LOW-CARBON HYDROGEN IN O&G REFINING Low-Carbon Hydrogen Value Propositions for O&G Refining
“a mean to reduce the refinery emissions (CO2, CO, SOx, NOx)”
“a feedstock to produce fuels with a lower carbon intensity and a premium value”
Different feedstocks for different technologies, different technologies for different opportunities. FEEDSTOCK
TECHNOLOGY
MARKET AND UTILIZATION
Electrolysis
Renewables
H2
Electrical SMR
LOW CARBON HYDROGEN
Natural Gas
Bio-refineries & Refineries
Green Hydrogen
Industrial Users Electric Blue™ Hydrogen
Heavy-duty Mobility
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
12
a
LOW-CARBON HYDROGEN PRODUCTION: ALTERNATIVE TECHNOLOGIES Green Hydrogen
Electric Blue™ Hydrogen
CircularTM Hydrogen
H2 from Water Electrolysis
H2 from NG with Electrified SMR
H2 from Plastic Waste Chemical Conversion
100%
45%1
less CO2 production
95%2
less CO2 production
less CO2 production
Waste (feedstock) Pre-treatment
LOW CARBON HYDROGEN PRODUCTION
Water (feedstock)
Renewable Energy (power)
O2
H2 Key Points
Inert
Nat. Gas (feedstock)
Renewable Energy (heating)
H2
CO2
CO2
H2
Key Points
Key Points
✓ NO stack & NO emission
✓ NO stack & NO emission of CO, SOx, NOx
✓ 0 carbon intensity H2, leveraging on lowcost renewable energy
✓ 4 x H2 production per MWh renewable energy vs. Green H2
✓ Additional revenue stream from waste management, synergies with waste cos.
✓ a path to CO2 and RES valorization as carbon neutral e-fuels and chemicals
✓ 0 carbon intensity H2 achievable with carbon capture / bio-gas
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.
of
✓ Solving waste burden producing syngas ✓ 0 carbon intensity H2 achievable with carbon capture 13
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 From PROCESS • Maximizing RES utilization rate
MARKET
NH3
H2-N2 METHANE
REFORMER
AMMONIA PLANT
AIR
AND/OR
INTERNAL USE
H2 WATER
RENEWABLE ENERGY
ELECTROLYZER
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
from Flue Gas
5 EPC
Equivalent to more than
2,000 TPD
of CO2 recovered
CO2 CAPTURE AND VALORIZATION
in Ammonia plants
8 EPC
Equivalent to more than
17,000 TPD of CO2 recovered
in Oil&Gas and Refinery
7 EPC
Equivalent to more than
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 15
b
CO2 AS RES VECTOR
CO2 CAPTURE AND VALORIZATION: CARBON NEUTRAL E-FUELS FEEDSTOCK
CAPTURE AND UTILIZATION
MARKET
Liquids logistic by trucks
Electrolyzer RES
REFINING
Mobility & Aviation
Green Hydrogen
Renewable Energy Sources (RES)
CO2 Source CO2
Geothermal
H2
Carbon Neutral e-crudes
Flue Gas
Direct Air Capture
CO2 CAPTURE AND VALORIZATION
Petrochemical Feedstock
CO2-to-Liquids
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 16 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
From fired process heaters, to electrical ones: ✓ flameless heaters for a better temperature control and a safer refinery
EMISSIONS REDUCTION
…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. 17
AGENDA 1. Maire Tecnimont Group 2. NextChem company introduction 3. Carbon and Emissions Reduction
4. Circular Economy
AGENDA
5. Bio-Fuels
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 19
FROM UPSTREAM WASTE SORTING TO PLASTIC WASTE VALORIZATION FEEDSTOCK
TECHNOLOGY
1
Municipal Solid Waste
MRF / PRF (Material Recovery Facility – Plastic Recovery Facility)
H
Compounded GRANULES
H
ADVANCED SORTING AND MECHANICAL UPCYCLING
2
ADVANCED CHEMICAL RECYCLING
3
H
Non-Recyclable Flexible Plastic Waste
Partnership with
Diesel-like Fuel
WASTE GASIFICATION
CIRCULAR CHEMICAL COMPOUNDS
H2, CH4, CH3OH etc…
SYNGAS CONVERSION
FEEDSTOCK
Rigid Plastic Waste
SYNTHETIC CRUDE OIL
H H
Selected streams for further downstream valorization
Regenerated FLAKES
Re-Polymerization
H
Sorting Plants for Undifferentiated Collection Systems Recovery Platforms for Separate Collection Systems
END PRODUCT
UpCycled Rigid Plastic Products
END PRODUCT
4
HARD-to-MANAGE Waste 20
MYREPLAST 40KTA UPCYCLING PLANT – ITALY
NEXTCHEM INTRODUCTION
https://www.youtube.com/watch?v=xaszmCRHNPk
21
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 Treating various polymer from post-consumer and post-industrial sources
HIGH EFFICIENCY PROCESS
FROM SORTING TO COMPOUNDING
• 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
22
NEXTCHEM INTRODUCTION
ADVANCED CHEMICAL RECYCLING: PYROLYSIS FOR CIRCULAR FUELS AND PLASTICS
23
CIRCULAR FUELS FROM WASTE CONVERSION NextChem Technology allows the production of Syngas (a Building block of Petrochemical Industry) via the Conversion of the Wastes such as non recyclable plastics and RDF (Refused Derivative Fuels). 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.
CIRCULAR FUELS FROM WASTE CONVERSION
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. 24
WASTE CONVERSION TO CHEMICALS AND ROLES OF PARTIES Waste Co Plastic waste sorting Waste management companies
RDF (refused derived fuel) and unrecyclable plastic
Chemical Conversion Syngas
Gasification
Off-taker partner
Membrane Sep. Circular Hydrogen
WASTE CONVERSION TO CHEMICALS
Syngas
FT synthesis Renew. Jet Fuel / Diesel
Methanol synthesis Methanol
Methanation
Oil & Gas Cos. / Petrochemical / Steel plants
Methane
25
AGENDA 1. Maire Tecnimont Group 2. NextChem company introduction 3. Carbon and Emissions Reduction
4. Circular Economy
NEXTCHEM INTRODUCTION
5. Bio-Fuels
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
27
BIO-FUELS BLENDING OR SOSTITUTION: PROJECT SCHEME FEEDSTOCK
TECHNOLOGY DIESEL
UCO, acid fats
1 Vegetable, oils, acid oils
LOGISTIC - STORAGE
RENEWABLE DIESEL
7
SUSTAINABLE AVIATION FUEL
4
DISTRIBUTION - USERS
TRADERS
8
NETWORK OIL STATION
6 2
ETHANOL
Ligno Cellulosic Agricultural Waste
FLEETS 2G ETHANOL
NEXTCHEM INTRODUCTION
3
5
1 Possibility to run renewable diesel plant with 2G feedstock transported from inhabited areas (e.g. UCO, acid fats)
3
Renewable diesel plant next to 2 feedstock, minimizing logistic and ensuring volumes intake
4
Note: (*) Requiring an additional blending process
7
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 28
NEXTCHEM & SAOLA ENERGY SMALL SCALE HVO SOLUTION
Have partnered to provide a RENEWABLE DIESEL offering sized to your feedstock supply
NEXTCHEM INTRODUCTION
• • • • • •
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
•
• •
Core HDO & ISOM technology Experience with DCO Knowledge of corn ethanol facilities and co-location Commissioning, start-up and operational support Training
Performance Guarantees
4 standard modules: 15 -30 – 60 – 90 KTY (ISBL pre-engineered) o
Accelerated project delivery
o
Ad-hoc design for different size
29
HVO RENEWABLE DIESEL - TECHNOLOGY APPLICATION 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
NEXTCHEM INTRODUCTION
• 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
Have partnered to provide Clients the real proven 2G ethanol technology
• • • •
• •
Refining know-how EPC Contracting / Wrap Modularization Solutions Financing Support
• •
Proven technology Knowledge of corn ethanol facilities and co-location Commissioning, start-up and operational support Training
NEXTCHEM INTRODUCTION
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 31
2G ETHANOL TECHNOLOGY BLOCK FLOW – NXC & GRANBIO ONLY OPERATIONAL INDUSTRIAL 2G ETHANOL PLANT
Enginering know-how
GRANBIO 2G ETHANOL TECHNOLOGY
Disruptive Innovation
Ligno-Cellulosic Biomass
Pretreatment 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
32
2G ETHANOL - TECHNOLOGY APPLICATION 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
NEXTCHEM INTRODUCTION
• Site is operational
Feedstock: Ligno-Cellulosic Biomass 33
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
NEXTCHEM INTRODUCTION
via Guido Polidoro 1 67100 L’Aquila - Italy P +39 0862 763411 F +39 0862 763547
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