NextChem, subsidiary of Maire Tecnimont SpA has signed a Memorandum Of Understanding with Indian Oil Corporation Ltd. for the development of industrial projects that use NextChem technologies to industrialize the circular economy in India.
As per the announcement – The projects will focus on recycling plastics, producing biofuels from renewable raw materials and circular fuels and chemicals from non-recyclable waste.
Pierroberto Folgiero, CEO of Maire Tecnimont Group and NextChem, said – “We are really proud to be the chosen partner of the first industrial initiative in the circular economy of India with such a prestigious agent as Indian Oil Corporation. The country needs to develop rapidly. a sustainable system to recycle waste that increases its value through chemical conversion by introducing available technologies. We can support this transition with our expertise in circular economy and our ability to manage complex technology projects. “
NextChem is developing technological solutions to generate value from waste, offering its contribution through the exploration, coordination, industrialization and commercialization of a portfolio of sustainable technologies.
–AK
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