Wedoany.com Report-Jul. 6, NEXTCHEM, a technology division of Italy-based MAIRE, has been awarded a €210 million contract for the Pacifico Mexinol low-carbon methanol project in Sinaloa, Mexico. The agreement, signed with Samsung E&A from South Korea, the project’s engineering, procurement, and construction contractor, covers basic engineering and the supply of critical proprietary equipment.

The contract, pending a final investment decision expected in the fourth quarter of 2025, utilizes NEXTCHEM’s NX AdWinMethanol Zero technology, which converts captured CO2 and green hydrogen into low-carbon methanol with minimal emissions. The scope also includes site assistance, commissioning, start-up support, and operational services.

The Pacifico Mexinol project, valued at over $3.3 billion, is a collaboration between U.S.-based Transition Industries and the International Finance Corporation, part of the World Bank, with additional consortium partners. Set to begin operations in 2029, the facility aims to produce 350,000 metric tons of renewable fuel of non-biological origin (RFNBO) methanol and 1.8 million metric tons of low-carbon methanol from natural gas with carbon capture annually. The output will serve various sectors, including fuels and industrial materials, with exports planned through the Port of Topolobampo.

Fabio Fritelli, Managing Director of NEXTCHEM, stated: “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.”

In a related development, in early 2025, MAIRE’s subsidiary MET Development, alongside Eni and Iren Ambiente, initiated the permitting process for a circular methanol and hydrogen production plant at Eni’s refinery in Pavia, Italy. This project will employ NEXTCHEM’s NX Circular technology to convert waste into synthesis gas, further advancing sustainable energy solutions.

The Pacifico Mexinol project underscores Mexico’s commitment to sustainable energy production, supporting global energy transition efforts without affecting trade balances. By leveraging advanced technology, the initiative aims to meet growing demand for low-carbon fuels and materials, contributing to both regional economic growth and environmental goals.