De Amato proposal (Maire Technimont) –

Fabrizio D’Amato, President of Maire Technimont

New avenues of energy supply and ecological transformation are at stake. An opportunity not to be missed Return the cards to the industrial system and think of new models. It is a matter of looking to the future by strengthening the past of the Italian energy industry. Fabrizio D’Amato, the entrepreneur at Maire Tecnimont he chairs. And he knows that past all too well. In fact, his listed collection in Piazza Afari is also the result of assembling valuable pieces from the Italian engineering industry and historical names such as Tecnimont and Fiat Engineering. Italy is not a resource-rich country but has developed extraordinary engineering skills, which are the best in the world. From here we have to start over, Says the entrepreneur, who has a degree in political science from La Sapienza and an honorary degree in chemical engineering from the Polytechnic of Milan. At the top of a factory and engineering group in chemicals, fertilizers and now in the development of technologies for energy transmission. With 3 billion in sales, Maire Tecnimont has 40% of the global market in polymer plants – he says – when our competitors don’t reach 5%. The group that will present the quarterly accounts on Wednesday 11. According to analysts, all indicators are growing, with an increase of about 20% in revenue. Just two weeks ago Alessandro Bernini was appointed as the new CEO, a manager with a lot of experience in the Italian energy industry with us for ten years, who I am sure will be able to ensure continuity and new development of our group, says Di Amato.

We have old roots and now we want to drop them in the future for it Building the factories of the third millennium with the “new” oil that comes from waste valorization. Improve recycling of urban and industrial waste that cannot be recycled and produce low-emission industrial gas, ethanol, methanol and hydrogen. Trying to design that industrial energy policy, which Italy often lacks.

Prime Minister Mario Draghi’s government draws one…

Today, the Prime Minister is developing a long-term energy strategy that he hopes will include environmental transformation and then continue. I will include it as a constitutional law, so that no one can dismantle it. Now we’re paying the price for past choices. In 2008 our group jointly built two regasification devices, one for Enel in Porto Empedocle and one for British Gas in Brindisi. Then the policy changed, the project continued over time and the contracts were canceled, certainly not because of the clients’ fault. Now I heard about Porto Empedocle again. We are ready to take back the work that has already been done.

What can you start with?

We can start again with industrial sites that have been decommissioned, such as many refineries because they already have valuable infrastructure. The idea is to make products similar to those made of hydrocarbons. Today we are already active, with the Brescia plant, one of the most efficient in Europe in the recycling of plastics, with 95% of the waste recovered. Recycling process can replace the virgin product. Not only used to make seats or assembly boxes but also to build car parts. Then here sustainability creates new jobs, young people and among the workers who worked in the old factories with great skills.

Now what is the role of the company?

We, who have historically built plants for the chemical transformation of natural resources, must be the ones who find innovative solutions. It was a complicated two-year period, first the pandemic, and now the war in Ukraine. The lack of continuity prompted all entrepreneurs to understand the changes, respond without excitement, and choose the playing field well. We have activated the best formulas in approach with clients, and have done so in 50 countries.

Where does the green tipping point come from?

For us, this comes from afar, from our skills in chemistry that have their roots in Montecatini’s innovation, including the polypropylene production technique invented by Nobel Prize Giulio Natta at Milan Polytechnic. Thanks to these rules and that knowledge we were able to speed up the pace of work with NextChem, the idea of ​​recovering the carbon and hydrogen in waste – 6 million tons in Italy is nothing but undifferentiated urban waste that ends up in landfills – using old factories. Italy dumps waste in Europe by paying up to 250 euros per ton, while recycling it into gas to replace methane could reduce the need for gas for the thermal power sector by 10%. With our technology, you can save up to 90% on CO2 emissions. The concept is a “green circular zone” where waste is converted into hydrogen, methanol and fertilizer. By capturing and exploiting CO2 we can reach carbon neutrality ahead of European targets. Thanks to this, Italy can produce those products that it has imported so far.

Can the company do it on its own or is another capital needed?

If you want to change the model It takes private companies and the state must trust facts with skills. Our team uses an entire supply chain worth about 40% of our sales volume. In the petrochemical plant which was built in the Sultanate of Oman, we have brought in 60 qualified Italian companies thus to be qualified in the foreign markets. We play the same role as the contracting authority and can support an entire industry sector. We’re already doing this in the US using blue ammonia produced from natural gas. Projects of this scale are also attracting international capital.

Take for example BlackRock, the world’s largest fund and the large share of investments it invests in green investing. Representatives of this type look for opportunities that are in short supply. We calculated that the arrival of private capital could multiply the $70 billion that the National Human Resources Program has allocated to the transition by six. With public and private equity and debt, we could be up to over 400 billion.

What do you suggest?

We have 12 projects worth 4.5 billion if implemented. There is a waiting list to invest with us in green infrastructure as part of a public-private partnership. We have projects to transform industrial sites in Tuscany, Liguria, Lazio and Sicily, to name a few.

How does it move in the Russian market?

We suspended business activities by managing pre-sanction work queues and repatriating Italian workers. A construction site cannot be stopped overnight. But in the meantime, the world has changed. There are more promising regions, such as the United States, the Middle East, Africa and Southeast Asia, which are learning to use raw materials to grow their local industry.

What do you expect from Italy now?

Just set the rules The edict of simplification exists, it is only necessary to maintain and in some cases speed up the times. I remain positive, with the participation of individuals we can begin. I am convinced that industrial revolutions must be led by leaders who drive supply chains. In normal procedures, projects should always be readjusted, because authorizations are issued slowly. In the end, there is often a bureaucratic quandary. I have been working for 39 years, started my business at 19 with three employees and would like to give back to my country that gave me opportunities. The only way to protect the value of Italian engineering history. That is why the Evolve Maire Tecnimont Foundation was born.

You are building a historical archive..

Times require the transformation of classical engineering into a “human engineering” capable of making assumptions that include ethical, social and environmental aspects Capable of solving increasingly complex problems, collaborating with technical and humanities universities, applying the best of innovations with a critical sense and drawing inspiration from icons of the past such as Natta’s test tubes for making Moplen.

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