Tag: Nextchem

NextChem has signed a binding agreement to acquire the entire share capital of Ballestra Group, a global leader in the licensing, design and engineering of processing plants, as well as the supply of proprietary technologies and equipment for the chemical industry. Founded in 1960 and headquartered in Milan, Ballestra is the holding of a group of companies comprising BUSS ChemTech AG (Switzerland) and Ballestra Engineering and Projects Pvt. Ltd (India). It operates in over 120 countries with approximately 450 employees and offices in Europe and Asia. NextChem says that the acquisition will bring intellectual property, advanced proprietary technologies and distinctive engineering competences to its value proposition in specialty chemicals, including fluorine derivatives for lithium-ion batteries and for the metals and mining industries. This acquisition will also create cross-selling opportunities with Tecnimont, Maire Group’s integrated engineering and construction services business unit, in relation to energy transition and material transformation projects. The enterprise value is €108.3 million, resulting in a purchase price of approximately €126.5 million, subject to adjustments at closing, which is expected in the first half of 2026.

NEXTCHEM has signed a binding agreement to acquire Ballestra Group for around €126.5 million. The announcement was made by Maire – Nextchem’s parent company – on 24th December.

Stamicarbon has been awarded a contract for the licensing, process design package (PDP) and the supply of proprietary equipment for a new urea plant in Eastern China.

NEXTCHEM (MAIRE) to provide the license and PDP for a new nitric acid plant in China and technical assistance services for the revamping of a nitrogen fertilizer complex

Stamicarbon awarded licensing, PDP and proprietary equipment supply to new urea plant in Eastern China NEXTCHEM (MAIRE)

Globally, operational renewable ammonia projects have exceeded one gigawatt (GW) of installed electrolyser capacity for the first time. Kevin Rouwenhorst of the Ammonia Energy Association (AEA) provides an overview of well-advanced projects and the associated technology options for ammonia synthesis.

NextChem subsidiary MyRechemical has been awarded an engineering study contract by Altalto Ltd. for a sustainable aviation fuel (SAF) plant in Immingham, Lincolnshire, based on its proprietary NX CircularTM gasification and NX CPOTM technologies. Altalto is a company set up by Velocys to develop SAF projects in the UK. The plant is expected to be operational in 2030. Initial targets include the production of 23,000 t/a of SAF for the UK market. Feedstock will be sourced from residual municipal solid waste (MSW) and commercial and industrial waste. The project has been awarded a grant from the UK Department for Transport’s Advanced Fuels Fund to progress basic engineering design. MyRechemical will operate as a technology provider and as coordinator for other technological partners. It will also supply engineering services.

NextChem subsidiary MyRechemical has been selected by Mana Group and Equinor to conduct a feasibility study for a waste-to-methanol plant at Norway's Mongstad refinery. The project will use NX Circular™ technology to convert urban and industrial waste into chemical grade syngas which will be further processed to produce low-carbon methanol. The facility is expected to produce circular methanol with a low carbon footprint, eligible under the EU Renewable Energy Directive criteria. This methanol could initially replace marine bunker fuel to meet the targets of the FuelEU Maritime regulation, exempting final users from buying ETS credits and paying penalties, and potentially later be used as feedstock for methanol-to-jet facilities to produce sustainable aviation fuel (SAF) compliant with FuelEU Aviation regulation.

NEXTCHEM (MAIRE), Mana and Equinor enter strategic partnership to explore the potential development of large-scale waste-to-methanol project

NEXTCHEM (MAIRE) opens Abu Dhabi office - a major milestone in the company's strategic expansion across the Middle East