Nextchem to Conduct Feasibility Study for Carbon Capture, Sustainable Methanol Synthesis Plant

Decarbonization Nextchem to Conduct Feasibility Study for Carbon Capture, Sustainable Methanol Synthesis Plant

2023-02-27 Source: Press release Ahlam Rais 1 min Reading Time

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Foresight Group has awarded Nextchem with a feasibility study for developing a carbon capture and sustainable methanol synthesis plant in the ETA Manfredonia waste-to-energy plant in Italy. The project aims to valorize about 200 ktonne/year of CO2 currently emitted into the atmosphere by combining it with green hydrogen for the production of sustainable fuel.

Nextchem will be responsible for identifying the best decarbonization proposal for the plant.(Source: Pixabay) — Nextchem will be responsible for identifying the best decarbonization proposal for the plant.
(Source: Pixabay)

Milan/Italy – Maire Tecnimont’s subsidiary Nextchem has been awarded a feasibility study by Foresight Group for a carbon capture and sustainable methanol synthesis plant in the ETA Manfredonia waste-to-energy plant in Puglia, a Southeastern Italian region. Upon completion of the feasibility study, the successful finalization of the permitting process as well as the subsequent final investment decision, the execution of the engineering and construction phases will be carried out by other Maire Tecnimont Group’s subsidiaries, under an integrated approach aimed at valorizing distinctive skills and competences within the Group.

Foresight Group is a 13-billion-Euro sustainability-led, alternative assets fund manager invested into several assets globally including waste-to-energy plants.

Nextchem will be responsible for identifying the best decarbonization proposal for the plant, providing a tailored solution thanks to its technological portfolio. The project aims to valorize about 200 ktonne/year of CO2 currently emitted to atmosphere by combining it with green hydrogen for the production of sustainable fuel.

Alessandro Bernini, Chief Executive Officer of Maire Tecnimont Group and Nextchem: “This award sets the basis for the realization of one of the main projects for CO2 valorization in Italy, strengthening Maire Tecnimont Group’s role as energy transition enabler. We are eager to start supporting Foresight Group in achieving its sustainability goals within the ETA Manfredonia Plant”.

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