ENTERTAINMENT

Maire Tecnimont Group’s NextChem and Indian Oil Corporation sign India’s first circular economy MoU – Tech

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Milan, 3 November 2020 / PRNewswire / – Myer Technimont Spa Announced NextChemThe group’s subsidiary is dedicated to the energy transition to green chemicals and technologies, and Indian Oil Corporation Ltd. (IndianOil), has signed today memorandum of Understanding For the development of industrial projects using Nextchem technologies to industrialize the circular economy in India. Projects will focus on recycling plastics, which will produce biofuels from renewable feedstock and circular fuels and chemicals from non-recycled waste.

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IndianOil is Of India National integrated oil company engaged in the entire energy value chain (oil, natural gas as well as non-conventional sources). Under the agreement, IndianOil and Miracle Shame will jointly explore waste verification opportunities using Nextchem’s technologies for plastic waste upcycling and waste-to-chemicals solutions. NextChem relies on the historical presence of Maire Tecnimont Group India (More than 2,200 engineers and around 3,000 E&I[1] Professionals in Mumbai), Will guarantee technical solutions and the best information for the development and execution of the project.

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Indian Oil is working to develop a sustainable business model of the closed-loop ecosystem of waste-plastics under its “Plastic Neutrality Initiative” and is looking for partners who support end-life management of plastic waste May contribute to addressing. India. IndianOil intends to introduce recyclables as a new line of product portfolio in addition to the existing virgin polymer business. NextChem is developing technology solutions to generate value from waste, scouting, pivoting, industrializing and commercializing its portfolio of sustainable technologies.

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Pieroberto Folgiero, Mair Tecnimont Group and Nextchem CEO, What was said: “We are really proud to be the partner of choice in the first industrial initiative Of India Circular economy with a reputed player like Indian Oil Corporation. There is a need to rapidly develop a sustainable system to recycle waste to increase its value through chemical conversion, by introducing the technologies available to the country. We can support this transition with our expertise in the circular economy and our ability in managing complex technical projects. “

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Myer Technimont SpaListed on the Milan Stock Exchange, leads an industrial group that leads the global natural resource processing industry (with downstream plant engineering, technical and executive expertise). NextChem works in the field of technologies to support the transition to energy. The Maire Tecnimont Group operates in 45 countries through 50 companies and counts around 9,100 people. www.mairetecnimont.com.

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1. Electrical and instrumentation

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Logo – https://themiracletech.com/wp-content/uploads/2020/11/Maire-Tecnimont-Groups-NextChem-and-Indian-Oil-Corporation-sign-Indias.jpg

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