NEXTCHEM (MAIRE) and Vallourec sign partnership agreement for hydrogen storage - Seite 2

Philippe Guillemot commented: “This partnership agreement with NextChem Tech confirms the relevance of our Delphy solution, particularly for the industrial use of hydrogen, such as the manufacture of green ammonia. This collaboration demonstrates Vallourec’s determination to use its expertise to help build a cutting-edge hydrogen industry. It forms part of the Group’s ambition to become a key player in the transition to a low-carbon economy.”

Mohammed Nafid, Chief Executive Officer of NextChem Tech, commented on his side: “The integration of Delphy hydrogen storage technology is an essential building block allowing our green ammonia production process to better cope with intermittent renewable power. Our technology portfolio in the energy transition and hydrogen space is adding one more key tool that would significantly strengthen our offer in this space. This partnership between NextChem Tech and Vallourec marks another important step in the roll-out of Maire Group strategy in the field of sustainable technologies.”

About Vallourec

Vallourec provides benchmark tubular solutions for the energy sector and for some of the most demanding industrial applications. Its offer ranges from oil and gas wells in extreme conditions to high-performance mechanical equipment, as well as solutions for the hydrogen, CCUS (Carbon Capture, Utilization and Storage), geothermal and solar energy markets.

Listed on Euronext Paris (ISIN code: FR0013506730, Ticker VK), Vallourec features on the CAC Mid 60, SBF 120 and Next 150 indices and is eligible for the Service de Règlement Différé (SRD, “Deferred Settlement Service”).

In the United States, Vallourec has set up a sponsored level 1 American Depositary Receipt (ADR) programme (ISIN code: US92023R4074, Ticker: VLOWY). The parity rate between the ADR and an ordinary Vallourec share is 5 to 1.

About Maire:

MAIRE S.p.A. leads a technology and engineering group that develops and implements innovative solutions to enable the Energy Transition. We offer Sustainable Technology Solutions and Integrated E&C Solutions in nitrogen fertilizers, hydrogen, circular carbon, fuels, chemicals, and polymers. MAIRE creates value in 45 countries and relies on 8.000 employees, supported by over 20,000 people engaged in its projects worldwide. MAIRE is listed on the Milan Stock Exchange (ticker “MAIRE”). For further information: www.mairetecnimont.com.