Latest news with #AlessandroBernini
Zawya
07-03-2025
- Business
- Zawya
Saudi: Satorp awards engineering services contract for Saudi refinery project
Saudi Arabia - Maire, a leading technology and engineering group, has announced that its key unit Nextchem has been awarded a three-year contract by Satorp - a joint venture between Saudi oil giant Aramco and French group TotalEnergies - to provide engineering and technology services related to the the sulphur recovery complex at its refinery in Jubail. As per the deal, Nextchem Tech will provide process and engineering advisory services to enhance performance, support operational troubleshooting, and improve energy efficiency and the carbon footprint of the three units (Sulfur Recovery Unit, Amine Regeneration Unit and Sour Water Stripper) which compose the Sulphur Recovery Complex. The services will also include recommendations for capital investment opportunities, design enhancements, and technology improvements. This award reinforces Nextchem's position as reliable technology and process leader, recognized for its expertise and commitment to continuous R&D and innovation. On the contract win, Maire CEO Alessandro Bernini said: "This collaboration marks a significant milestone in our ongoing efforts to drive sustainability and efficiency in the refining industry." "This agreement not only strengthens our relationship with Satorp, after Tecnimont's multibillion-dollar petrochemical expansion project awarded in June 2023 – so called Amiral project –, but also underscores our commitment to delivering cutting-edge engineering and technology solutions that reduce environmental impact," he added.-TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
06-03-2025
- Business
- Trade Arabia
Satorp awards engineering services contract for Saudi refinery project
Maire, a leading technology and engineering group, has announced that its key unit Nextchem has been awarded a three-year contract by Satorp - a joint venture between Saudi oil giant Aramco and French group TotalEnergies - to provide engineering and technology services related to the the sulphur recovery complex at its refinery in Jubail. As per the deal, Nextchem Tech will provide process and engineering advisory services to enhance performance, support operational troubleshooting, and improve energy efficiency and the carbon footprint of the three units (Sulfur Recovery Unit, Amine Regeneration Unit and Sour Water Stripper) which compose the Sulphur Recovery Complex. The services will also include recommendations for capital investment opportunities, design enhancements, and technology improvements. This award reinforces Nextchem's position as reliable technology and process leader, recognized for its expertise and commitment to continuous R&D and innovation. On the contract win, Maire CEO Alessandro Bernini said: "This collaboration marks a significant milestone in our ongoing efforts to drive sustainability and efficiency in the refining industry." "This agreement not only strengthens our relationship with Satorp, after Tecnimont's multibillion-dollar petrochemical expansion project awarded in June 2023 – so called Amiral project –, but also underscores our commitment to delivering cutting-edge engineering and technology solutions that reduce environmental impact," he added.-TradeArabia News Service
Reuters
04-03-2025
- Business
- Reuters
Italy's MAIRE to list sustainable technology business when market values it at $2.1 billion, CEO says
March 4 (Reuters) - Italian engineering company MAIRE will list its sustainable technology business when the market values it at 2 billion euros ($2.11 billion), its Chief Executive said on Tuesday after the group reported 2024 core profit in line with its guidance. The NEXTCHEM business was valued at 1.4 billion euros in its sale of an 8% stake for about 110 million euros on Monday, which Alessandro Bernini said was well short of its true value. "As soon as we see the market is ready to recognise its proper value, we will list the unit," Bernini said. "Sooner or later there will be an IPO." MAIRE closed 2024 with a net profit of 212.4 million euros, a record high for the company, and proposed an increased dividend of 0.356 euro per share. The group also forecast 2025 core profit in a range of 420 million to 455 million euros, driven mainly by orders already in the books, and a core profit margin of between 6.6% and 6.9%, up from 6.5% last year. It also updated its 10-year business plan, forecasting revenue exceeding 11 billion euros and core profit of about 1.1 billion euros for 2034. Shares in the company closed 13.6% down at 9.95 euros per share. ($1 = 0.9516 euros)
