It is a reassuring and proactive vision, showing that MAIRE «not only addresses current market needs, but is also a pioneer in defining the contours of a sustainable future. ». The words MAIRE Chairman Fabrizio Di Amato spoke before investors and stakeholders remain a testament of how strongly the Group's growth is linked to the energy transition and technological innovation. «The excellent financial results, » he explained, «signal the dynamism with which the company is responding to global challenges. To maintain these standards, it is more than ever necessary to move outside the box to create a sustainable future. »
Three key areas were outlined by the Chairman: the energy transition, the strategic positioning of MAIRE, and a commitment to continuous innovation. «The energy transition process is continuing to pick up speed. MAIRE is in the right place at the right time, » he said, acknowledging the growing demand for green solutions for decarbonization and the acceleration of investment in the sector. «Looking at the current landscape, it is clear that the transition to more sustainable energy sources is exceeding our expectations regarding energy security and climate change management more every day. We are witnessing a growing demand from our clients, » Di Amato stressed, «who are urging the development of innovative projects to facilitate this transition. »
Regarding MAIRE's strategic positioning, the company is ideally situated to fully benefit from this growing wave of investment in the energy sector. Regardless of the technology chosen by clients to address the energy transition, MAIRE has the capacity and experience to turn these projects into reality. «Our decision to establish NEXTCHEM in 2018 was a forward-looking one, » the Chairman continued. «Having anticipated an energy revolution, we are now perfectly aligned with market needs. »
To illustrate the success and effectiveness of the strategy, MAIRE more than doubled its backlog, or work commissioned (but not yet executed or delivered) in 2023, which is a de facto indicator of the company's own financial health. As mentioned by Di Amato, one example of increased demand is undoubtedly the Hail and Ghasha mega project. In October last year, MAIRE signed a contract worth about $8.7 billion with ADNOC (Abu Dhabi National Oil Company, the national oil company of the United Arab Emirates) to develop the onshore portion of the Hail and Ghasha project in Abu Dhabi. The project aims to operate with zero emissions, using CO2 recovery units for gas capture and storage.
For Chairman Fabrizio Di Amato, the Green Innovation District represents a strategic step toward a clean and sustainable future in energy. «Our customers are requesting the development of innovative projects to facilitate the energy transition ».
Green Innovation District
Speaking about the commitment to achieve outstanding results in the field of sustainability, the Chairman reiterated MAIRE's current positioning as a company deeply focused on technological innovation. «And this is just the beginning. As a Group, we continue to drive a new sustainable industrial cycle, based on the circular economy and innovations pertaining to new chemistry. We are also stepping up efforts to reduce CO2 emissions from our offices and production sites, with the ambition of achieving carbon neutrality by 2029, one year ahead of our initial targets.
Getting to the heart of some of the projects, Di Amato explained how MAIRE's commitment to a sustainable future takes concrete form in the Green Innovation District, an innovation hub to be built at the Group's historic headquarters in Rome. «This district will be the beating heart of our research and development activities, a place where pilot plants will not only demonstrate our advanced technological capabilities but also serve as catalysts for the commercial scalability of our innovations. More than just a development area, the Green Innovation District will be a true experiential and learning center.
At its core, the Green Innovation District is an ambitious project that aims to align all sustainable development initiatives in collaboration with strategic partners, including universities and research centers. «We aim to transform this space into a model green district, an epicenter of sustainable activities that can promote education and training. » Spanning more than 7,000 square meters, including both covered and uncovered areas, the district will be dedicated to the research and development of emerging technologies such as bioplastics and will host more than ten pilot plants, bringing innovations from across the Italian and international network to Rome.
Conser and MAIRE: sustainable technologies at the service of global chemistry