MAIRE's subsidiary NEXTCHEM's NextChem Tech has been selected as the technology design integrator for the hydrogen and CO2 recovery unit of the Hail and Ghasha gas development project. The project, awarded to Tecnimont by ADNOC, aims to operate with net zero CO2 emissions and implement recovery units to capture and store 1.5 million tons of CO2 annually. NextChem Tech's scope includes developing the process design package for various facilities using best-in-class technologies. With a contract value of USD 60 million, the company will also support Tecnimont in supplying critical equipment and detailed engineering design for the recovery section. CEO Alessandro Bernini highlighted the Group's integrated approach and the strength of NEXTCHEM in providing decarbonization solutions. The project is seen as innovative on a global scale, focusing on reducing emissions, optimizing energy consumption, and improving efficiency in terms of operational and capital expenses.