Latest news with #PacificoMexinol
Fibre2Fashion
03-07-2025
- Business
- Fibre2Fashion
Italy's NextChem to equip world's top ultra-low carbon methanol plant
MAIRE ( announces that NEXTCHEM has been awarded about €210 million (~$247.8 million) basic engineering and critical proprietary equipment supply contract for the Pacifico Mexinol project. This ultra-low carbon methanol production facility will be located in Sinaloa, Mexico, and will have a capacity of 2.1 million tons per year, out of which around 15% eligible under the ISCC-EU RFNBO criteria for green fuels. The agreement has been signed by NEXTCHEM's subsidiary KT Tech with Samsung E&A Co., Ltd. as the EPC contractor for the project. The signing ceremony was attended by Mexican federal, state and municipal government officials, as well as ambassadors from the US, Italy and Korea, together with senior executives of the companies involved in the project. NextChem, a MAIRE company, secured a €210 million (~$247.8 million) contract for engineering and equipment supply for the Pacifico Mexinol ultra-low carbon methanol plant in Mexico. Set to be the world's largest of its kind, the facility will use NextChem 's NX AdWinMethanol Zero technology and begin operations in 2029, supporting global decarbonisation efforts. The Pacifico Mexinol project, worth over USD 3.3 billion, is being jointly developed by Texas-based Transition Industries and the International Finance Corporation (IFC), part of the World Bank, and will be executed by a consortium composed of third parties. Once operational in 2029, it is poised to be the largest single ultra-low carbon methanol facility in the world – producing approximately 350 thousand metric tons of RFNBO (Renewable Fuel of Non-Biological Origin) methanol and 1.8 million metric tons of low carbon methanol from natural gas with carbon capture per year. The contract, subject to Final Investment Decision, which is expected in the fourth quarter of 2025, includes basic engineering and critical proprietary equipment supply based on the proprietary NX AdWinMethanol Zero technology, as well as site assistance services, support for commissioning, start-up and operations. The NX AdWinMethanol Zero technology developed by NEXTCHEM integrates its proprietary processes including its CO2 capture technologies. This solution further minimizes carbon emissions to nearly zero by converting captured CO2 and green hydrogen into ultra-low-carbon methanol eligible as RFNBO. This innovative technological approach increases the sustainability of the methanol production process, in line with Pacifico Mexinol's commitment to addressing climate change. Ultra-low carbon methanol supports the decarbonization of hard-to-abate fuels and chemicals sectors. The methanol produced by Pacifico Mexinol will facilitate the decarbonization of hundreds of downstream everyday products, such as fuels, plastics, paints, car parts and construction materials. Fabio Fritelli, Managing Director of NEXTCHEM , commented: 'This landmark achievement, being the largest single award ever granted to NEXTCHEM, plays a pivotal role in our business trajectory and confirms the reliability of our sustainable technology solutions portfolio. We are honored to support this strategic initiative which is set to be a gamechanger for Mexican domestic economy, as well as for the energy transition arena globally.' Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged. Fibre2Fashion News Desk (RM)
Business Wire
01-07-2025
- Business
- Business Wire
Transition Industries簽署全球最大的獨立超低碳化學品生產設施Pacifico Mexinol專案策略協議
墨西哥市--(BUSINESS WIRE)--(美國商業資訊)-- 北美地區世界一流規模的淨零碳排放甲醇及綠色氫氣專案開發商 Transition Industries LLC 與由 Samsung E&A Co., Ltd. (Samsung E&A)、Grupo Samsung E&A Mexico, S.A. de C.V.以及 Techint Engineering and Construction 組成的聯盟就位於位於墨西哥錫那羅亞州阿奧梅市的 Pacifico Mexinol 專案簽署了工程總承包(EPC)合約。本次簽約儀式在滿足特別先決條件及獲得全部必要核准後正式生效。 MAIRE 集團旗下科技公司NextChem透過其子公司KT TECH SpA，就為該專案供應NX AdWinMethanol®Zero專有技術的事宜，與Samsung E&A簽署了基礎工程設計、關鍵和專利設備供應協議。 Transition Industries正在與World Bank Group成員 International Finance Corporation (IFC)合作開發Pacifico Mexinol專案。該專案計畫於2029年投產，屆時將成為全球最大的獨立超低碳化學品生產設施——每年透過碳捕捉技術和天然氣生產約35萬公噸綠色甲醇及180萬公噸藍色甲醇。 Transition Industries執行長Rommel Gallo表示：「今天的簽約儀式是Pacifico Mexinol專案的重大里程碑，讓我們得以展示與韓國Samsung E&A、墨西哥Techint及義大利MAIRE Group的世界一流創新與合作。這也為2025年專案動工奠定基礎，兌現我們在墨西哥打造全球最具永續性大型專案的堅定承諾。」 出席活動的包括聯邦、州和市政官員，以及參與這一全球性專案的各國大使。 IFC代表亦到場見證，其他策略商業合作夥伴也將為專案提供綠色氫能、全球最大工業廢水循環利用系統等尖端科技與工程方案。 Transition Industries預期今年夏天將簽署更多策略協議並實現重要里程碑。該專案擬做為規模化超低碳化學品典範案例，亮相2025年11月在巴西貝倫舉行的第30屆聯合國氣候變遷大會(COP30)。 免責聲明：本公告之原文版本乃官方授權版本。譯文僅供方便瞭解之用，煩請參照原文，原文版本乃唯一具法律效力之版本。
Business Wire
30-06-2025
- Business
- Business Wire
Transition Industries Signs Strategic Agreements for the Pacifico Mexinol Project, the Largest Standalone Ultra-Low Carbon Chemical Production Facility in the World
BUSINESS WIRE)-- Transition Industries LLC, a developer of world-scale, net-zero carbon emissions methanol and green hydrogen projects in North America, held a signing event for an Engineering, Procurement, and Construction (EPC) contract with the consortium of Samsung E&A Co., Ltd. (Samsung E&A), Grupo Samsung E&A Mexico, S.A. de C.V., and Techint Engineering and Construction for the Pacifico Mexinol project located in Ahome, Sinaloa, Mexico, which is contingent upon the fulfillment of customary conditions precedent and obtainment of all required approvals. Today's signing ceremony between Transition Industries, Samsung E&A, Techint and MAIRE Group represents a significant milestone towards the development of the Pacifico Mexinol project. Share MAIRE group's technology division NextChem, through its subsidiary KT TECH SpA, also signed a Basic Engineering, Critical and Proprietary Equipment Supply Agreement with Samsung E&A in connection with its proprietary NX AdWinMethanol®Zero technology supply to the project. Transition Industries is jointly developing the Pacifico Mexinol project with the International Finance Corporation (IFC), a member of the World Bank Group. When it initiates operations in 2029, Pacifico Mexinol is poised to be the largest standalone ultra-low carbon chemical production facility in the world – producing approximately 350,000 MT of green methanol and 1.8 million MT of blue methanol annually from carbon capture and natural gas. 'Today's signing ceremony represents a significant milestone for the Pacifico Mexinol project, enabling us to showcase our world-class innovation and partnerships with Samsung E&A of South Korea, Techint of Mexico and MAIRE Group of Italy. It also puts us on track to break ground in 2025 and begin delivering on our unwavering commitment to build the world's most sustainable large-scale project in Mexico,' says Rommel Gallo, CEO of Transition Industries. The event was attended by federal, state and municipal government officials, as well as ambassadors from the countries involved in this multi-national project. IFC was also present at the ceremony, along with other strategic commercial partners that will deliver key aspects of state-of-the-art technology and engineering to the project, including green hydrogen and the largest industrial wastewater recycling and use program globally. Transition Industries expects to sign additional strategic agreements and reach significant milestones this summer. The project is expected to be presented as an example of an ultra-low carbon chemicals project at scale at COP 30 in Belem, Brazil in November 2025.
Business Wire
26-06-2025
- Business
- Business Wire
Sembrando Vida and Mexinol establish the first public-private partnership in Sinaloa to build local capacity
TOPOLOBAMPO, Mexico--(BUSINESS WIRE)--The Sembrando Vida Program and Pacifico Mexinol (Mexinol), a subsidiary of Transition Industries, have signed the first partnership agreement between the Sembrando Vida program and a private company in the state of Sinaloa, marking a milestone in the connection between the public and private sectors for sustainable community development. Sembrando Vida is more than a program: it is a commitment to social well-being and environmental sustainability in rural communities in Mexico. This agreement establishes the foundation for training, community engagement, and technology transfer in various communities, with the goal of strengthening sustainable and community development in Rural Learning Communities (CACs). This initiative is part of Mexinol's Good Neighbor Program, in which Mexinol will share the knowledge and experience from institutions, staff, and partners to develop and improve capacities in marketing, project management, and environmental and social issues. 'The Sembrando Vida program seeks to transform the lives of farmers by cultivating agroforestry systems that regenerate the land and strengthen the local economy,' said Alejandro Acosta, Territorial Coordinator of the Sembrando Vida Program in Sinaloa. He added: 'Sembrando Vida is more than a program: it is a commitment to social well-being and environmental sustainability in rural communities in Mexico.' The activities will take place in the Benito Juárez, Plan de Guadalupe, and Tortugas Número 2 ejidos (common lands) in the municipality of Ahome, Sinaloa, and will be implemented through the CACs. The 2025 Training Plan includes actions aimed at strengthening productive and social capacities in the communities, including the identification of crops and products with commercial potential, workshops on production, conservation, and labeling, technical training in saline soil management, marketing strategies, and awareness-raising activities on the prevention of harassment and gender-based violence. 'At Mexinol, we are guided by core values and want to ensure we are a Good Neighbor, which involves listening, engaging in dialogue, and actively collaborating to promote sustainable development, both with and for the community. We fully share the principles of the Sembrando Vida program, as our purpose is to operate with environmental responsibility, social commitment, and closeness to the communities,' said Lucero Gastelum, Community Affairs and Gender Manager, Pacifico Mexinol. This agreement represents a significant step toward strengthening local capacities and promoting a sustainable, inclusive, and collaborative rural development model. About Pacifico Mexinol Transition Industries is jointly developing the Pacifico Mexinol project with the International Finance Corporation (IFC), a member of the World Bank Group. When it initiates operations in 2029, Pacifico Mexinol is poised to be the largest standalone ultra-low carbon chemical production facility in the world – producing approximately 350,000 MT of green methanol and 1.8 million MT of blue methanol annually from carbon capture and natural gas. About Sembrando Vida Sembrando Vida is a priority program of the Government of Mexico that promotes sustainable rural development through financial support, technical training, and agroforestry systems. By 2025, it will operate in 24 states, benefiting people in rural areas facing social disadvantages by promoting food self-sufficiency, regenerating social fabric, and protecting the environment. About Transition Industries Transition Industries LLC, based in Houston, Texas, is a developer of world-scale, net-zero carbon emissions methanol and green hydrogen projects in North America to address climate change and promote environmental and social sustainability. For additional information about Pacifico Mexinol or Transition Industries, email inquiries@
