MAIRE

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.

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

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

• Engineering procurement construction
• Sustainable aviation fuel
• Chemical process technology
• Project engineering services
• Energy infrastructure solutions

Headquarters

HQ city

Milan

HQ country

Italy

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Infrastructure

Revenue model

1. 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.
2. Technology Licensing: Nextchem licenses proprietary technologies including NX Conser PolyFlex for PTMEG production and SAF technologies to third-party manufacturers and project developers.
3. 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

Core 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

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Sinopec Engineering GroupcoreStrategic or Co-development Partner · 10 July 2026Tecnimont, 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-KazynacoreStrategic or Co-development Partner · 24 June 2026MAIRE 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.
• CONSERcoreTechnology or Integration · 16 March 2026Nextchem 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. LtdminorStrategic or Co-development Partner · 16 March 2026Nextchem 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

Direct 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

• Xx.com/MaireGroup
• LinkedInlinkedin.com/company/maire

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MAIRE