NEXTCHEM (MAIRE) AWARDED A LICENSING CONTRACT FOR ITS PROPRIETARY NX CIRCULAR GASIFICATION TECHNOLOGY FOR DG FUELS' SUSTAINABLE AVIATION FUEL (SAF) PLANT IN THE USA

June 24, 2024 11:32 PM AEST | By Cision

Google News:

NEXTCHEM (MAIRE) AWARDED A LICENSING CONTRACT FOR ITS PROPRIETARY NX CIRCULAR GASIFICATION TECHNOLOGY FOR DG FUELS' SUSTAINABLE AVIATION FUEL (SAF) PLANT IN THE USA — Image source: Kalkine Media

Recent News

ASX 200 Weekly Moves: Uranium and Industrials Shine, Discretionary Ret...

ASX 200 Slides to Multi-Week Low Amid Iran Tensions and Tech Weakness

ASX 200 Set to Open Lower as Global Tensions and Tech Sell-Off Jolt Se...

ASX 200 Weakens as Iran Conflict Escalates and Oil Prices Advance

Following the successful completion of the process design package announced in December 2023, NEXTCHEM has been selected to license its proprietary technology for a SAF plant in Louisiana
The plant, set to be operational in 2028, will produce up to 450 million liters per year of SAF, currently representing one of the largest initiatives globally

MILAN, June 24, 2024 /PRNewswire/ -- MAIRE S.p.A. announces that NEXTCHEM (Sustainable Technology Solutions BU), through its subsidiary MyRechemical, leading the Waste-to-Chemical segment, has signed a licensing contract with DG Fuels Louisiana, LCC in relation to its proprietary NX Circular gasification technology.

The plant, expected to be operational in 2028, will produce 450 million liters per year of SAF derived from residual biomass and a minor part of municipal waste. MyRechemical has been selected as technology licensor for the gasification and gas treatment units able to process 1 million tons per year of bagasse and sugar cane trash and pulp, representing the first step for the SAF production. The licensing contract provides that MyRechemical will also supply the proprietary equipment for the gasification package with an option for applying a modular approach to minimize site contingencies, as well as the associated technical services.

The project meets the requirements set by the U.S. Department of Energy (DOE)'s Clean Fuels & Products Shot initiative, which aims to decarbonize the aviation sector by industrializing SAF production. Additionally, SAF derived from biomass or waste resources is eligible under the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) established by the International Civil Aviation Organization (ICAO) to reduce airlines' carbon offsetting requirements.

DG Fuels Louisiana is a subsidiary of DG Fuels, a U.S. company engaged in renewable hydrogen and biogenic based, synthetic low emissions aviation fuel.

Alessandro Bernini, MAIRE CEO, commented: "This landmark award confirms the reliability of our technologies and the role of MAIRE as a key player to enable the industry decarbonization through circular solutions in a strategic market such as the United States, and globally".

MAIRE S.p.A. leads a technology and engineering group that develops and implements innovative solutions to enable the Energy Transition. We offer Sustainable Technology Solutions and Integrated E&C Solutions in nitrogen fertilizers, hydrogen, circular carbon, fuels, chemicals, and polymers. MAIRE creates value in 45 countries and relies on over 8,300 employees, supported by over 20,000 people engaged in its projects worldwide. MAIRE is listed on the Milan Stock Exchange (ticker "MAIRE").
For further information: www.groupmaire.com.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.
This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.