15-05-2024
NEXTCHEM completes the acquisition of German-based GasConTec
Further to the announcement made on 4 March 2024, MAIRE announces that NEXTCHEM has finalized the acquisition of 100% of GasConTec GmbH, an innovative company specialized in technology development and process engineering. Founded in 2017, GCT is located in Bad Homburg, Germany.
GCT has over 80 patents and extensive expertise in the synthesis of low-carbon products such as hydrogen, methanol, olefins, gasoline and integrated methanol-ammonia processes. The company’s portfolio includes the Autothermal Reforming, a well-established technology, that can generate low-carbon hydrogen with very high carbon capture rates. This process achieves high hydrogen yields while reducing external energy needs, ensuring efficiency and cost-effectiveness, especially for large-scale plants. Also known for its expertise in process engineering, the company has access to a German-based industrial-scale demonstration plant for high-pressure partial oxidation, which is a global standard for the industry.
GCT’s distinctive technologies will complement and significantly strengthen NEXTCHEM’s commercial offering in the low-carbon, green and circular solutions.
The agreement provides for an overall consideration of €30 million, including: i) €15 million to be paid within 2 years linked to specific milestones, of which €5 million paid today; ii) earn-outs up to €15 million, based on the execution and performance of certain licensing agreements related to GCT technologies within 7 years from closing.
Alessandro Bernini, MAIRE CEO, commented: “This acquisition marks an important step in NEXTCHEM's path to enhance and expand its unique technology portfolio. GasConTec brings distinctive solutions able to effectively meet our clients' current and future decarbonization needs, in line with MAIRE's positioning as industrial enabler of the energy transition.”
News Category:
-
Air Liquide's innovative large scale CO₂ liquefaction technology, Cryocap LQ, has been selected by Stockholm Exergi, Stockholm’s energy company, to contribute ...
25-07-2024
-
Airbus to boost sustainable aviation fuel production through investment in LanzaJet
Airbus is investing in LanzaJet, a leading sustainable fuels technology company and producer, in line with its ambition to act as a catalyst for the global development ...
25-07-2024
-
Lhyfe, one of the world’s pioneers in the production of green hydrogen, today announced a partnership with Elyse Energy, a pioneer in the production of low-carbon molecules. ...
25-07-2024
-
Sempra Infrastructure announces EPC contract with Bechtel for Port Arthur LNG Phase 2
Sempra Infrastructure, a subsidiary of Sempra, today announced that Port Arthur LNG Phase 2 and Bechtel Energy (Bechtel) have signed a fixed-price engineering, procurement ...
25-07-2024
-
Airbus partners with Avolon to explore future of hydrogen aviation
Airbus has announced a new partnership with aircraft lessor, Avolon, to study the potential of hydrogen-powered aircraft, marking the very first collaboration of the ...
25-07-2024
-
PETRONAS acquires land for carbon capture and storage hub in Peninsular Malaysia
PETRONAS, through its subsidiary PETRONAS CCS Solutions Sdn Bhd ('PCCSS'), has signed a land rental agreement with Kuantan Port Consortium Sdn Bhd ('Kuantan Port') to ...
25-07-2024
-
Repsol and Iberia sign an agreement with Inditex to use 5% of SAF for the transport of its air cargo
Repsol and Iberia have signed an agreement with Inditex for the purchase of sustainable aviation fuel (SAF). The SAF used represents 5% of the fuel that Iberia uses to ...
25-07-2024
-
IPCEI funding approval paves way for progress at bp’s Lingen green hydrogen project
bp has been granted funding, provided jointly by BMWK and Lower-Saxony Government, as part of the European IPCEI Hy2Infra wave for a green hydrogen project in Germany. The ...
25-07-2024
-
DNV completes CCS directive guidance to facilitate sustainable CO2 storage in the EU economic area
DNV, the independent energy expert and assurance provider, has successfully supported the European Commission’s update of the four non-binding Guidance Documents (GDs) ...
24-07-2024
-
Newly commissioned terminal capacity expands availability of SAF at central and eastern US airports
Neste has commissioned terminal capacity at ONEOK’s terminal in Houston, Texas for blending and storing Neste MY Sustainable Aviation Fuel™. This is a major step ...
24-07-2024