Maire Tecnimont Group’s subsidiaries NextChem and MET Development have reached an agreement with FerSam Uruguay S.A. (FerSam), part of FerSam Group, to develop projects for the production of green ammonia and bio-ethanol in Latin America. Under the agreement, Maire Tecnimont Group’s subsidiaries and FerSam will undertake feasibility studies for two projects. The first is to evaluate and assess the possibility of jointly producing green ammonia. The companies have also agreed to develop a second-generation bio-ethanol project based on the GranBio technology in NextChem’s portfolio. NextChem acquired exclusive worldwide rights to GranBio’s new 2G Ethanol technology in 2020, enabling NextChem to design and execute plants that produce second-generation ethanol from non-food biomass, such as agricultural residues and leftovers from forestry.
Maire Tecnimont Group will contribute technological solutions and know-how in terms of project development, design and engineering and execution to the partnership, combined with its portfolio of technologies. FerSam will secure the biomass feedstock and energy sources for the projects, as well as provide local regulatory expertise. FerSam Group is a private holding company managing the portfolio of assets controlled by the Sama-Ferruzzi family across the agricultural, residential real estate and private equity industries. As part of its active investments, it owns and manages farming estates in Latin America. Reducing carbon emissions is a world’s challenge, and working with new partners on implementing the production of sustainable and low carbon biofuels from renewable energy and biomass is crucial. This agreement with FerSam is another step forward in NextChem’s green chemistry roadmap and confirms Maire Tecnimont’s capability of being an enabler of the energy transition globally.