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The latest announcement is out from MaireTecnimont SpA ( (IT:MAIRE) ).
Maire’s sustainable technology arm Nextchem, via subsidiary KT Tech, has secured a contract for early engineering works and proprietary equipment supply for a new sustainable aviation fuel plant in North Sumatra, Indonesia. The facility, designed to produce 60,000 tonnes of SAF annually from palm oil mill effluent and certified used cooking oil, builds on earlier licensing and design awards and aims to monetise local bio-feedstocks.
The project will deploy Nextchem’s proprietary NX PTU and NX SAF BIO technologies to support the project’s Final Investment Decision and accelerate adoption of low-carbon aviation fuels in Southeast Asia. Management said the award underscores growing market demand for its SAF technologies and strengthens Maire’s positioning as a global provider of sustainable fuel solutions, while contributing to the development of Indonesia’s emerging SAF industry.
The most recent analyst rating on (IT:MAIRE) stock is a Buy with a EUR16.00 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 an Italian engineering group that delivers technology solutions and project execution in downstream energy services, as well as in the chemicals and fertilizer industries. Operating through its Integrated E&C Solutions and Sustainable Technology Solutions units in around 50 countries, it focuses on sustainable fertilizers, low‑carbon energy carriers, and circular, innovative materials.
Average Trading Volume: 796,570
Technical Sentiment Signal: Buy
Current Market Cap: €4.27B
Find detailed analytics on MAIRE stock on TipRanks’ Stock Analysis page.