MAIRE Secures €900 Million in Contracts for Petrochemical Projects and Green Hydrogen Facilities
- 29-Apr-2025 11:30 PM
- Journalist: William Faulkner
MAIRE has announced that its subsidiaries, TECNIMONT and KT-Kinetics Technology, have secured additional contracts and new project awards amounting to approximately €900 million. These awards pertain to engineering, procurement, and construction (EPC) services focused on petrochemical infrastructure, as well as high-value engineering services for green hydrogen facilities. The newly acquired scope of work builds upon previously announced contracts and is supported by the technological and engineering expertise provided by NEXTCHEM, a key part of MAIRE’s technological portfolio.
The new contracts have been granted by prominent international clients based in Central Asia and Southern Europe. This expansion significantly contributes to MAIRE's strategic objectives by further broadening its geographical footprint and diversifying its project backlog. The awards also reinforce MAIRE's presence in regions identified as critical for the development of the energy transition and the advancement of low-carbon technologies. These strategic contracts exemplify the growing trust placed in MAIRE's subsidiaries by global clients, owing to the Group’s proven track record in delivering complex EPC projects with a high standard of execution and innovation.
The scope of the contracts includes a range of EPC activities tied to petrochemical development, underlining MAIRE’s continued leadership in traditional energy infrastructure. At the same time, the inclusion of advanced engineering services for green hydrogen production facilities highlights MAIRE’s strategic commitment to supporting the global transition toward cleaner energy solutions. The company’s integration of NEXTCHEM’s sustainable technology capabilities ensures that these projects align with international standards for decarbonization and innovation in the energy sector.
These awards serve as a strong endorsement of MAIRE’s operational excellence, particularly its ability to combine traditional industrial expertise with future-facing energy solutions. They also reflect MAIRE’s ongoing success in aligning its business with global energy trends, especially the increased demand for sustainable solutions such as green hydrogen. With Central Asia and Southern Europe rapidly emerging as key hubs in the evolving global energy landscape, MAIRE is well-positioned to play a critical role in shaping energy infrastructure in these regions.
By securing these additional works and new awards, MAIRE not only reinforces its leadership in the petrochemical sector but also continues to solidify its reputation as a forward-looking engineering group committed to innovation and sustainability. The €900 million in new contracts significantly enhances the company’s order backlog and provides a robust foundation for future growth, in alignment with its strategic objectives of international expansion and energy transition leadership.