Italian engineering group Maire is partnering with Macquarie Group to create a new platform aimed at developing, constructing, and operating energy transition projects across Europe.

Maire’s project development arm MET Development (MetDev) has signed a memorandum of understanding with Macquarie Capital to establish a platform controlled by Macquarie Capital with an 80% stake, with MetDev holding a 20% stake in the new company.

The platform is expected to focus on key sectors ranging from the chemical recycling of waste to produce sustainable fuels and hydrogen, to all green or low carbon hydrogen and captured CO2 solutions, including fertilisers, Maire said.

Projects are likely to be based on a non-recourse capital structure, relying upon secured long-term supply contracts and offtake agreements, with Maire to act as technology provider and E&C contractor, leveraging Macquarie Capital’s expertise in developing, financing and managing infrastructure and energy assets.

Alessandro Bernini, CEO of Maire Group, said: “We are excited to start this collaboration with Macquarie Group, enabling to start the engines of several energy transition projects across Europe. 

”This is a further recognition of Maire’s forefront position in supporting the transformation of the energy system, thanks to our know-how in sustainable technology solutions and our project development expertise, as envisaged in our ten-year growth plan.”

Roberto Purcaro, global head of complex opportunities and head of Macquarie Capital in Italy, said: “This partnership is an example of how leading players in their respective fields can work together to develop new approaches to accelerate the energy transition.

“We are excited to begin working with Maire to create practical climate solutions that will support the decarbonisation of both the Italian and European economies.”

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