MAIRE, to KT contract for hydrogen unit in Malaysia for USD125 million

Published: 2025-01-14 08:52:17 ET MAIRE.MI

(Alliance News) - MAIRE Spa on Tuesday announced that KT-Kinetics Technology, supported by the technological know-how of NextChem, has been awarded by Pengerang Biorefinery Sdn Bhd the licensing and engineering, procurement, construction and commissioning services for a hydrogen production unit to be located in Johor, Malaysia.

Pengerang Biorefinery Sdn Bhd is a joint venture between PETRONAS Mobility Lestari Sdn Bhd, Enilive Spa and Euglena Co Ltd.

The company explained that NextChem will provide licensing of the proprietary NX ReformTM technology.

The hydrogen unit will be integrated into the new biorefinery within the Pengerang Integrated Complex and will produce about 38,000 cubic meters of hydrogen per hour, which is essential for the biorefinery's conversion processes.

When completed, the biorefinery will process about 650,000 tons per year of feedstock such as waste vegetable oils, animal fats and vegetable oil processing waste to produce sustainable aviation fuel, hydrogenated vegetable oils and bio-naphtha.

The contract value is about USD125 million and the plant is scheduled to be built by 2028.

MAIRE gives up 0.5 percent to EUR8.68 per share.

By Claudia Cavaliere, Alliance News reporter

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