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MaireTecnimont SpA ( (IT:MAIRE) ) has provided an update.
MAIRE’s subsidiary NEXTCHEM, through its nitrogen technology licensor Stamicarbon, has secured a contract in Eastern China to provide licensing, process design and proprietary equipment for a new 2,700-ton-per-day urea plant using its NX STAMI Urea™ technology. The facility will deploy Stamicarbon’s Ultra-Low Energy design, which cuts steam consumption by 35% and cooling water use by 16% versus conventional plants, while ensuring low biuret content and high-quality prills, and will incorporate advanced materials such as E-type super duplex stainless steel in key components. This project represents the tenth global and eighth Chinese application of the Ultra-Low Energy technology, reinforcing NEXTCHEM’s position as a benchmark for energy-efficient, large-scale urea production and strengthening MAIRE’s presence in China’s fertilizer market as it pushes to improve the sector’s sustainability profile.
The most recent analyst rating on (IT:MAIRE) stock is a Hold with a EUR13.50 price target. To see the full list of analyst forecasts on MaireTecnimont SpA stock, see the IT:MAIRE Stock Forecast page.
More about MaireTecnimont SpA
MAIRE S.p.A. is a Milan-listed technology and engineering group focused on advancing the energy transition, providing integrated engineering and construction solutions for the downstream market and sustainable technology solutions through three business lines: Sustainable Fertilizers, Low-Carbon Energy Vectors and Circular Solutions. Operating in around 50 countries with a workforce of about 10,500 employees and support from roughly 50,000 external professionals, the group develops technologies and projects aimed at making industrial processes, particularly in fertilizers and energy, more efficient and sustainable.
Average Trading Volume: 508,775
Technical Sentiment Signal: Buy
Current Market Cap: €4.06B
For detailed information about MAIRE stock, go to TipRanks’ Stock Analysis page.