Latest news with #NEXTCHEM
Reuters
31-07-2025
- Business
- Reuters
Maire lifts H1 profits 36% and upgrades 2025 guidance
July 31 (Reuters) - Italian engineering group Maire ( opens new tab reported on Thursday a 36.2% increase in first half profit, benefiting from higher sales, and upgraded its guidance for 2025. Maire's core profit rose to 232.1 million euros ($265.2 million) which the company said reflected efficient management of overhead costs. Maire also revised its full year guidance, now forecasting revenue between 6.8 billion and 7.0 billon euros, and EBITDA in the range between 460 million euros and 490 million euros. Maire had previously forecasted revenue between 6.4 and 6.6 billion euros, and EBITDA in the range between 420 and 455 million euros. Order intake rose to 5.63 billion euros, up 2.21 billion euros year-on-year, driven mainly by the new contracts of the sustainable technology solutions business unit, led by NEXTCHEM. ($1 = 0.8750 euros)
Fibre2Fashion
03-07-2025
- Business
- Fibre2Fashion
Italy's NextChem to equip world's top ultra-low carbon methanol plant
MAIRE ( announces that NEXTCHEM has been awarded about €210 million (~$247.8 million) basic engineering and critical proprietary equipment supply contract for the Pacifico Mexinol project. This ultra-low carbon methanol production facility will be located in Sinaloa, Mexico, and will have a capacity of 2.1 million tons per year, out of which around 15% eligible under the ISCC-EU RFNBO criteria for green fuels. The agreement has been signed by NEXTCHEM's subsidiary KT Tech with Samsung E&A Co., Ltd. as the EPC contractor for the project. The signing ceremony was attended by Mexican federal, state and municipal government officials, as well as ambassadors from the US, Italy and Korea, together with senior executives of the companies involved in the project. NextChem, a MAIRE company, secured a €210 million (~$247.8 million) contract for engineering and equipment supply for the Pacifico Mexinol ultra-low carbon methanol plant in Mexico. Set to be the world's largest of its kind, the facility will use NextChem 's NX AdWinMethanol Zero technology and begin operations in 2029, supporting global decarbonisation efforts. The Pacifico Mexinol project, worth over USD 3.3 billion, is being jointly developed by Texas-based Transition Industries and the International Finance Corporation (IFC), part of the World Bank, and will be executed by a consortium composed of third parties. Once operational in 2029, it is poised to be the largest single ultra-low carbon methanol facility in the world – producing approximately 350 thousand metric tons of RFNBO (Renewable Fuel of Non-Biological Origin) methanol and 1.8 million metric tons of low carbon methanol from natural gas with carbon capture per year. The contract, subject to Final Investment Decision, which is expected in the fourth quarter of 2025, includes basic engineering and critical proprietary equipment supply based on the proprietary NX AdWinMethanol Zero technology, as well as site assistance services, support for commissioning, start-up and operations. The NX AdWinMethanol Zero technology developed by NEXTCHEM integrates its proprietary processes including its CO2 capture technologies. This solution further minimizes carbon emissions to nearly zero by converting captured CO2 and green hydrogen into ultra-low-carbon methanol eligible as RFNBO. This innovative technological approach increases the sustainability of the methanol production process, in line with Pacifico Mexinol's commitment to addressing climate change. Ultra-low carbon methanol supports the decarbonization of hard-to-abate fuels and chemicals sectors. The methanol produced by Pacifico Mexinol will facilitate the decarbonization of hundreds of downstream everyday products, such as fuels, plastics, paints, car parts and construction materials. Fabio Fritelli, Managing Director of NEXTCHEM , commented: 'This landmark achievement, being the largest single award ever granted to NEXTCHEM, plays a pivotal role in our business trajectory and confirms the reliability of our sustainable technology solutions portfolio. We are honored to support this strategic initiative which is set to be a gamechanger for Mexican domestic economy, as well as for the energy transition arena globally.' Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged. Fibre2Fashion News Desk (RM)
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)
