NextChem develops Renewable Hydrogen
NextChem wins a pre-FEED contract for the MadoquaPower2X project, located in Portugal, in the city of Sines.
| Sectors | Hydrogen Energy, Green Hydrogen |
|---|---|
| Themes | Investments & Transactions, Contracts |
| Countries | Portugal |
NextChem and the MadoquaPower2x consortium sign a pre-FEED contract. Thus, NextChem will participate in the MadoquaPower2X project in Sines, Portugal. The aim is to develop renewable hydrogen and green ammonia.
The subsidiary of Maire Tecnimont signed this contract in the presence of the Secretary of State for Environment and Energy of Portugal, H.E. João Galamba. He welcomed this program to facilitate the achievement of climate neutrality goals by 2050.
NextChem wins a new contract
The contract awarded to NextChem provides a framework for the preliminary studies required for program registration. It includes the review of technologies and processes, as well as the logistic and modular analysis of the preliminary project.
Rogaciano Rebelo, CEO of Madoqua Renewables, states:
“We are excited to team up with Maire Tecnimont and NextChem to expedite the permitting process for this project. Maire Tecnimont has 70 years of engineering expertise. The group has delivered more than 1,500 chemical and power plants worldwide. This is a testament to their ability to develop a complex and unprecedented large-scale ammonia plant project.”
A renewable energy export platform
MadoquaPower 2x will exploit the 500 MW generated by electrolysis to produce 50,000 tons of clean hydrogen per year. In its initial phase, the project will avoid the emission of 600,000 tons of CO2 by producing 500,000 tons of green ammonia per year.
This is the first industrial-scale program to be deployed on the site of the future Sines energy platform. NextChem plans with this initiative to develop an energy production for domestic consumption but also for export.
Alessandro Bernini, CEO of Maire Technimont and NextChem, adds:
“We are proud of this agreement with MadoquaPower 2X and CIP. With this project NextChem aims to have a significant impact on the hydrogen-based renewable energy economy in Europe. A project of this nature is a perfect example of sustainable energy security. It connects Portugal’s potential for renewable energy development to the energy infrastructure of Northern Europe through clean hydrogen.”
