MAIRE
MAIRE is an Italian multinational engineering group providing EPC services and sustainable technology solutions for energy, chemical, and aviation fuel sectors, serving global enterprise clients through its Tecnimont and Nextchem divisions.
- Company typePublic
- Founded1882
- HeadquartersMilan, Italy
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
What MAIRE does
MAIRE is an Italian multinational engineering and technology group operating through two main divisions: Tecnimont and Nextchem. Tecnimont provides engineering, procurement, and construction (EPC) services for large-scale energy and chemical infrastructure projects globally, targeting enterprise clients in oil & gas, petrochemicals, and fertilizers. The company secures projects through enterprise field sales and strategic partnerships with major international engineering firms and government-linked entities, with approximately 40% of its €12.7 billion order backlog concentrated in the Middle East as of March 2026. Nextchem, MAIRE's sustainable technology division, generated €495 million in 2025 revenues (up 38.4% year-over-year) and focuses on green chemistry solutions including Sustainable Aviation Fuel (SAF) production technologies and advanced chemical processing. Nextchem launched the NXPand platform in March 2026, featuring NX Conser PolyFlex technology for producing polytetramethylene ether glycol (PTMEG) used in spandex fiber manufacturing, enabling production from both conventional and bio-based feedstock for textile sector decarbonization.
MAIRE's business model combines project-based EPC revenue from Tecnimont with technology licensing and equipment supply revenue from Nextchem. The company leverages its proprietary technologies and strategic partnerships—including agreements with Sinopec Engineering Group (announced July 2026), Kazakhstan's Samruk-Kazyna sovereign wealth fund (June 2026), and CONSER for PTMEG technology—to access global markets and secure large-scale projects. Recent expansion includes SAF plant projects in Indonesia (60,000 tonnes per year capacity) and Kazakhstan, positioning MAIRE at the intersection of traditional energy infrastructure and emerging sustainable technology markets. The company is publicly traded on the Milan Stock Exchange (ticker: MAIRE) with analyst coverage from Kepler Cheuvreux, which has flagged potential NextChem IPO consideration in H2 2026 or early 2027.
MAIRE firmographics
Firmographics- Name
- MAIRE
- Legal name
- MAIRE S.p.A.
- Website
- https://groupmaire.com
- Company type
- Public
- Founded year
- 1882
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- MAIRE is an Italian multinational engineering group providing EPC services and sustainable technology solutions for energy, chemical, and aviation fuel sectors, serving global enterprise clients through its Tecnimont and Nextchem divisions.
- Ownership category
- akta.pro rank
MAIRE industry classification
Industry- Product category
- Engineering Services for Energy and Chemicals
- NAICS
- Industrial Machinery Manufacturing (33324)
- SIC
- Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Combined Cycle & Cogeneration (CHP) EPC (EUAEAAAB)
- akta.pro secondary industry
- Afforestation, Reforestation & Revegetation (ARR) (EUABABAA)
Keywords
Where MAIRE is headquartered
LocationHeadquarters
- HQ city
- Milan
- HQ country
- Italy
- HQ region
- Europe
Markets served
MAIRE business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Supply Chain, Operations, Technology or R&D, Infrastructure
Revenue model
- Engineering and Construction Services: MAIRE generates revenue through large-scale engineering, procurement, and construction (EPC) projects executed by its Tecnimont subsidiary for the energy and chemical industries globally.
- Technology Licensing: Nextchem licenses proprietary technologies including NX Conser PolyFlex for PTMEG production and SAF technologies to third-party manufacturers and project developers.
- Equipment Supply: Early engineering and equipment supply contracts for SAF projects, such as the Indonesia plant, providing initial revenue before final investment decisions.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
MAIRE product offering
Product offeringCore offering
MAIRE is a multinational engineering and technology group that delivers engineering, procurement and construction (EPC) services for large-scale energy and chemical plants through its Tecnimont subsidiary, and licenses proprietary process technologies and provides sustainable-fuel and polymer solutions (SAF production, PTMEG/polymer technology, NXPand platform) through its Nextchem subsidiary. Revenue is generated from EPC service contracts, technology licensing, and the supply of process technology packages for refineries, petrochemical complexes, fertilizer plants and energy-transition projects.
Product overview
MAIRE is an Italian engineering and technology group operating through two main divisions: Tecnimont (project execution in energy and chemical sectors) and Nextchem (sustainable technology division). Nextchem focuses on sustainable aviation fuel (SAF) production and sustainable textile innovations, offering technologies like NX Conser PolyFlexTM through its NXPandTM platform. The group serves global markets with approximately €12.7 billion in order backlog and Nextchem generating €495 million in revenues (2025).
Differentiator
Problem solved
Functional benefit
Brands
- Nextchem: Sustainable technology division of MAIRE focusing on green chemistry, sustainable aviation fuel, and advanced technologies for decarbonization. Achieved €495M revenues in 2025.
- NXPand
- NX Conser PolyFlex
Products and services
- Tecnimont EPC Services Full-scope engineering, procurement and construction services for large-scale refineries, petrochemical complexes, fertilizer and polymer plants, together with licensing of proprietary process technologies, delivered to energy and chemical majors globally.
Quantifiable outcome
- Nextchem revenues grew 38.4% to €495 million in 2025
- +2 more outcomes
Companies that use MAIRE
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
MAIRE technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
MAIRE partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- Sinopec Engineering GroupcoreTecnimont, MAIRE's subsidiary, signed a project execution cooperation agreement with Sinopec Engineering Group, one of China's largest engineering firms in the energy and chemical sectors. The partnership aims to leverage combined strengths across the full project value chain from engineering and procurement through manufacturing and construction.
- Samruk-KazynacoreMAIRE partnered with Kazakhstan's sovereign wealth fund Samruk-Kazyna and the Italy-Kazakhstan Trade Association to develop sustainable aviation fuel production in Kazakhstan. The MoU was signed during President Kassym-Jomart Tokayev's official visit to Belgium, aiming to contribute to a low-carbon economy and strengthen Kazakhstan's position in the eco-friendly aviation fuel market.
- CONSERcoreNextchem developed the NX Conser PolyFlex technology with licensor CONSER for producing polytetramethylene ether glycol (PTMEG), enabling manufacturers to integrate renewable materials into existing supply chains while supporting decarbonization of the textile sector.
- Shanghai Diyang Chemical Technology Co. LtdminorNextchem is collaborating with Shanghai Diyang Chemical Technology Co. Ltd on the NX Conser PolyFlex technology for PTMEG production, as part of the NXPand platform targeting the sustainable textile innovation market.
Scale indicators9 records
Recent moves5 records
Expansion highlights6 records
MAIRE competitors and assessment
Company assessmentDirect peers
- Saipem: Italian-headquartered global EPC contractor serving energy and infrastructure projects. Closest direct peer to Tecnimont, with similar end-markets, scale, and Italian heritage. Directly comparable on EPC project execution capabilities.
- Worley Limited: Australia-based global engineering and project delivery firm focused on energy, chemicals, and resources. Provides similar EPC services and energy transition projects, with comparable Middle East and Asia exposure.
- Technip Energies: France-based pure-play energy EPC and technology company. Directly comparable to MAIRE's two-division model with engineering/construction plus technology licensing for energy transition (LNG, hydrogen, SAF, ethylene).
- Fluor Corporation: US-based global EPC firm serving energy, mining, and government clients. Comparable scale and project execution model, with shared exposure to refining, petrochemicals, and emerging energy transition projects.
- KBR Inc. US-based engineering and government services firm with strong energy and sustainable technology segments. Comparable on EPC project delivery and technology licensing for clean energy and chemicals.
- Wood plc: UK-headquartered engineering and consulting firm serving energy, chemicals, and minerals. Direct peer on EPC project delivery and energy transition consultation, with comparable process technology offerings.
- Sinopec Engineering Group: China-based EPC contractor and engineering services arm of Sinopec. Currently a strategic partner of Tecnimont for project execution cooperation, with comparable energy and chemical EPC capabilities and significant scale.
Emerging players
- Topsoe: Denmark-based clean energy technology provider specializing in SAF, hydrogen, and renewable fuels. Directly competes with Nextchem's SAF technology offerings and shares a focus on energy transition process technologies.
- LanzaTech Global: US-based carbon capture and SAF technology company developing gas fermentation routes to sustainable fuels. Emerging participant in SAF licensing and project development, partially overlapping with Nextchem's SAF franchise.
Broad incumbents
- Honeywell UOP: Process technology licensor and equipment supplier within Honeywell, owning major SAF and refining catalyst technologies. Directly competes with Nextchem in licensing refining and SAF process technologies and is the established incumbent in petrochemical licensing.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
MAIRE social profiles
Digital presenceMAIRE financial estimates
Financial estimateRevenue estimate
Valuation estimate
MAIRE leadership team
Management profileNumber of profiles
MAIRE subsidiaries and ownership
Company hierarchySubsidiaries2 records
MAIRE funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MAIRE M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MAIRE
What does MAIRE do?
MAIRE is a multinational engineering and technology group that delivers engineering, procurement and construction (EPC) services for large-scale energy and chemical plants through its Tecnimont subsidiary, and licenses proprietary process technologies and provides sustainable-fuel and polymer solutions (SAF production, PTMEG/polymer technology, NXPand platform) through its Nextchem subsidiary. Revenue is generated from EPC service contracts, technology licensing, and the supply of process technology packages for refineries, petrochemical complexes, fertilizer plants and energy-transition projects.
Is MAIRE a public or private company?
MAIRE is a public company. It is classified as public and is currently operating.
When was MAIRE founded?
MAIRE was founded in 1882. It employs 5,001 to 10,000 people.
Where is MAIRE based?
MAIRE is headquartered in Milan, Italy, in the Europe region.
How does MAIRE make money?
Three revenue lines are on record. Engineering and Construction Services are the primary driver. The others are technology Licensing and equipment Supply.
Who are MAIRE's main competitors?
Direct peers on record are Saipem, Worley Limited, Technip Energies, Fluor Corporation, KBR Inc., Wood plc and Sinopec Engineering Group. Emerging players are Topsoe and LanzaTech Global. Honeywell UOP is listed as a broad incumbent.
Does MAIRE have an API?
No public API is recorded for MAIRE.
What industry is MAIRE in?
MAIRE's product category is Engineering Services for Energy and Chemicals. Its primary akta.pro industry code is EUAEAAAB, Combined Cycle & Cogeneration (CHP) EPC, with a secondary code of EUABABAA, Afforestation, Reforestation & Revegetation (ARR). Its NAICS code is 33324 and its SIC code is 4991.