JV to build biorefinery in South America
Maire Tecnimont S.p.A., through its subsidiary NextChem, and Essential Energy USA Corp. have executed a front-end engineering design contract, as well as a Memorandum of Understanding for the construction of a new biorefinery in South America for the production of renewable diesel.
Subject to the client’s Final Investment Decision, the biorefinery will produce 200,000 tpy of high-quality renewable diesel from advanced bio-feedstocks. NextChem will be the exclusive EPC contractor. The project is expected to be operational in 2023.
The biorefinery will transform natural oil, waste vegetables oils and tallow into hydrogenated vegetable oils (HVO), also known in the market as renewable diesel. Renewable diesel is a fuel which is chemically identical to petroleum-based diesel with the advantage of improved performance. It is used worldwide as a drop-in biofuel in diesel vehicles, with no engine modifications. Furthermore, the renewable diesel allows a carbon intensity reduction, for greenhouse gas emissions, above 80% vs. petroleum-based diesel.
Maire Tecnimont Group has exhaustive experience in EPC contracting in Energy Services including in South America. Additionally, NextChem has been active in energy transition projects with a focus on deploying solutions in carbon footprint reduction, through the development of new technologies for the production of biofuels and biochemicals from biobased feedstock and circular chemicals from waste.
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