TECNIMONT (MAIRE) AND BAKER HUGHES TO COLLABORATE ON LNG INITIATIVES GLOBALLY

Core Insights - MAIRE and TECNIMONT have signed a non-exclusive Memorandum of Understanding (MoU) with Baker Hughes to explore collaboration on modularized, scalable LNG projects globally [1][2] Group 1: Collaboration Details - The MoU outlines a framework for evaluating future LNG tenders that will utilize Baker Hughes' NMBL™ LNG modular solution for liquefaction projects [2] - The partnership aims to assess project requirements and scopes of work to determine the most suitable cooperation model [2] Group 2: Strategic Importance - This collaboration leverages TECNIMONT's expertise in executing complex EPC projects and Baker Hughes's advanced gas liquefaction solutions [3] - The focus on modular and scalable LNG solutions is expected to enhance flexibility and reduce time to market, addressing the growing demand for efficient and lower-carbon LNG infrastructure [4] Group 3: Company Vision - MAIRE's CEO, Alessandro Bernini, emphasized that this agreement is a significant step in supporting the evolution of global gas value chains with high-efficiency, modular solutions [5] - The collaboration is positioned to meet the increasing demand for flexible LNG capacity, contributing to energy security and a sustainable energy system [5] Group 4: Company Overview - MAIRE S.p.A. is a leading technology and engineering group focused on advancing the Energy Transition, operating in 50 countries with approximately 10,500 employees [6] - The company provides Integrated E&C Solutions and Sustainable Technology Solutions across three business lines: Sustainable Fertilizers & Nitrogen-Based Fuels, Low-Carbon Energy Vectors, and Circular Solutions [6]