{"id":15500,"date":"2024-12-20T15:00:57","date_gmt":"2024-12-20T08:00:57","guid":{"rendered":"https:\/\/thaipropertynews.com\/feeds\/?p=15500"},"modified":"2024-12-20T15:00:57","modified_gmt":"2024-12-20T08:00:57","slug":"maire-signs-an-agreement-for-a-jvc-between-nextchem-and-newcleo-to-provide-highly-qualified-technical-services-for-the-delivery-of-power-plants-based-on-newcleos-200-mwe-nuclear-advanced-modular-rea","status":"publish","type":"post","link":"https:\/\/thaipropertynews.com\/feeds\/?p=15500","title":{"rendered":"MAIRE SIGNS AN AGREEMENT FOR A JVC BETWEEN NEXTCHEM AND NEWCLEO TO PROVIDE HIGHLY QUALIFIED TECHNICAL SERVICES FOR THE DELIVERY OF POWER PLANTS BASED ON NEWCLEO’S 200 MWe NUCLEAR ADVANCED MODULAR REACTOR (AMR)"},"content":{"rendered":"\n\n\n
\"\"<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
    \n
  • The JVC\u00a0will provide highly qualified technical services to\u00a0new<\/i>cleo for the delivery of design, critical equipment supply and project management integration<\/b><\/li>\n
  • The JVC will also look to offer its services to other SMR and AMR technology providers<\/b><\/li>\n
  • new<\/i><\/b>cleo will take a 40% stake in the\u00a0JVC focused\u00a0on creating new IP and performing technical services and NEXTCHEM will\u00a0be granted\u00a0newly issued shares\u00a0up to\u00a05% of\u00a0new<\/i>cleo’s\u00a0share capital at pre-money valuation<\/b><\/li>\n
  • TECNIMONT (MAIRE integrated E&C solutions) will\u00a0be granted\u00a0preferred\u00a0status as\u00a0E&C solutions provider<\/b><\/li>\n<\/ul>\n

    MILAN<\/span><\/span>, Dec. 20, 2024<\/span><\/span> \/PRNewswire\/ — MAIRE S.p.A.\u00a0<\/b>and\u00a0new<\/i>cleo\u00a0Holding SA\u00a0(“new<\/i>cleo<\/b>“) have signed an agreement for a\u00a0Joint Venture Company<\/b>\u00a0(JVC) between MAIRE’s\u00a0subsidiary NEXTCHEM<\/b>\u00a0(Sustainable Technology Solutions) and new<\/i>cleo<\/b>\u00a0to develop a\u00a0new generation commercial-scale\u00a0power plant, based on\u00a0new<\/i>cleo’s\u00a0200 MWe\u00a0Advanced Modular Reactor (AMR).\u00a0According to\u00a0new<\/i>cleo’s\u00a0plan, the first\u00a0non-nuclear pre-cursor\u00a0prototype of the AMR\u00a0is expected to be\u00a0ready\u00a0by\u00a02026\u00a0in Italy<\/span>, the first reactor\u00a0operational in France<\/span> as of end 2031,\u00a0while final investment decision for the first commercial power plant is expected around\u00a02029.<\/p>\n

    \u00a0<\/p>\n

    newcleo’s <\/i>LFR (Lead-cooled Fast Reactor)-AS-200 technology fully embodies the circular economy model using\u00a0mixed\u00a0oxide (MOX)\u00a0as fuel\u00a0(i.e. reprocessed nuclear wastes), in line with NEXTCHEM’s vision on circularity.<\/p>\n

    The JVC will facilitate and accelerate the development and commercialization of the “LFR-AS-200”, thanks to the synergic competences of the two shareholders in the energy industry.<\/p>\n

    Upon execution of binding agreements,\u00a0new<\/i>cleo\u00a0will take\u00a0a 40%\u00a0stake\u00a0in\u00a0the\u00a0NEXTCHEM’s newly incorporated company focused on\u00a0creating new\u00a0intellectual property (IP) and\u00a0performing\u00a0technical services.\u00a0The deal will result in\u00a0NEXTCHEM\u00a0being granted\u00a0newly issued shares\u00a0up to\u00a05% of\u00a0new<\/i>cleo’s\u00a0share capital at pre-money valuation,\u00a0subject to the achievement of certain\u00a0milestones\u00a0the first of which is\u00a0new<\/i>cleo’s\u00a0entrance\u00a0into the\u00a0JVC,\u00a0and\u00a0the last\u00a0being\u00a0linked to the final investment decision (FID) by the first client.<\/p>\n

    NEXTCHEM will contribute to the JV skills, management and engineering competences and tools, as well as a dedicated commercial platform for the\u00a0deployment\u00a0of LFR-AS-200 projects,\u00a0to complement\u00a0new<\/i>cleo’s ever growing expertise in the\u00a0nuclear\u00a0field.<\/p>\n

    The JVC will benefit from competences of both parties\u00a0and create its own new IP.\u00a0In particular,\u00a0new<\/i>cleo\u00a0will develop the nuclear reactor for its own LFR-AS-200 technology, while NEXTCHEM will leverage its own distinctive know-how to enable the JVC to deliver\u00a0the extended basic design,\u00a0procure\u00a0the critical proprietary equipment relevant to the Conventional Island and Balance of Plant of the nuclear power plant, and provide\u00a0project management\/integration services to\u00a0new<\/i>cleo.<\/p>\n

    The Conventional Island and the Balance of Plant are essential to convert nuclear energy into electrical power dispatchable to the grid or used to serve chemical districts according to NEXTCHEM’s e-Factory format, thus contributing to the decarbonization of the chemical industry by producing low-carbon chemicals and e-fuels.<\/p>\n

    The JVC will also provide integration services to other SMR (Small Modular Reactor) and AMR technology providers who are not competing with\u00a0new<\/i>cleo. This business model will serve the industrialization of the energy transition for any customer potentially interested in implementing power plants based on Generation IV nuclear technologies.<\/p>\n

    TECNIMONT (Integrated E&C Solutions) will be granted a preferred partner status for the delivery of projects, thanks to its state-of-the-art modularization approach to optimize construction and planning methodology, reducing time and costs.<\/p>\n

    The transaction is expected to be finalized by the end of\u00a0February 2025.<\/p>\n

    Alessandro Bernini<\/b>,\u00a0CEO of MAIRE<\/b>, commented: “This collaboration is a clear representation of our ability to offer\u00a0a\u00a0complete\u00a0range of services\u00a0for energy transition combining our innovative vision on sustainable technology solutions with our traditional competences in integrated engineering solutions. Today we set a further milestone in our progressive path to implement carbon-neutral chemistry models based on safe, reliable and competitive energy supply.”<\/p>","protected":false},"excerpt":{"rendered":"

    <\/p>\n\n\n\n
    \"\"<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
      \n
    • The JVC\u00a0will provide highly qualified technical services to\u00a0new<\/i>cleo for the delivery of design, critical equipment supply and project management integration<\/b><\/li>\n
    • The JVC will also look to offer its services to other SMR and AMR technology providers<\/b><\/li>\n
    • new<\/i><\/b>cleo will take a 40% stake in the\u00a0JVC focused\u00a0on creating new IP and performing technical services and NEXTCHEM will\u00a0be granted\u00a0newly issued shares\u00a0up to\u00a05% of\u00a0new<\/i>cleo’s\u00a0share capital at pre-money valuation<\/b><\/li>\n
    • TECNIMONT (MAIRE integrated E&C solutions) will\u00a0be granted\u00a0preferred\u00a0status as\u00a0E&C solutions provider<\/b><\/li>\n<\/ul>\n

      MILAN<\/span><\/span>, Dec. 20, 2024<\/span><\/span> \/PRNewswire\/ — MAIRE S.p.A.\u00a0<\/b>and\u00a0new<\/i>cleo\u00a0Holding SA\u00a0(“new<\/i>cleo<\/b>“) have signed an agreement for a\u00a0Joint Venture Company<\/b>\u00a0(JVC) between MAIRE’s\u00a0subsidiary NEXTCHEM<\/b>\u00a0(Sustainable Technology Solutions) and new<\/i>cleo<\/b>\u00a0to develop a\u00a0new generation commercial-scale\u00a0power plant, based on\u00a0new<\/i>cleo’s\u00a0200 MWe\u00a0Advanced Modular Reactor (AMR).\u00a0According to\u00a0new<\/i>cleo’s\u00a0plan, the first\u00a0non-nuclear pre-cursor\u00a0prototype of the AMR\u00a0is expected to be\u00a0ready\u00a0by\u00a02026\u00a0in Italy<\/span>, the first reactor\u00a0operational in France<\/span> as of end 2031,\u00a0while final investment decision for the first commercial power plant is expected around\u00a02029.<\/p>\n

      \u00a0<\/p>\n

      newcleo’s <\/i>LFR (Lead-cooled Fast Reactor)-AS-200 technology fully embodies the circular economy model using\u00a0mixed\u00a0oxide (MOX)\u00a0as fuel\u00a0(i.e. reprocessed nuclear wastes), in line with NEXTCHEM’s vision on circularity.<\/p>\n

      The JVC will facilitate and accelerate the development and commercialization of the “LFR-AS-200”, thanks to the synergic competences of the two shareholders in the energy industry.<\/p>\n

      Upon execution of binding agreements,\u00a0new<\/i>cleo\u00a0will take\u00a0a 40%\u00a0stake\u00a0in\u00a0the\u00a0NEXTCHEM’s newly incorporated company focused on\u00a0creating new\u00a0intellectual property (IP) and\u00a0performing\u00a0technical services.\u00a0The deal will result in\u00a0NEXTCHEM\u00a0being granted\u00a0newly issued shares\u00a0up to\u00a05% of\u00a0new<\/i>cleo’s\u00a0share capital at pre-money valuation,\u00a0subject to the achievement of certain\u00a0milestones\u00a0the first of which is\u00a0new<\/i>cleo’s\u00a0entrance\u00a0into the\u00a0JVC,\u00a0and\u00a0the last\u00a0being\u00a0linked to the final investment decision (FID) by the first client.<\/p>\n

      NEXTCHEM will contribute to the JV skills, management and engineering competences and tools, as well as a dedicated commercial platform for the\u00a0deployment\u00a0of LFR-AS-200 projects,\u00a0to complement\u00a0new<\/i>cleo’s ever growing expertise in the\u00a0nuclear\u00a0field.<\/p>\n

      The JVC will benefit from competences of both parties\u00a0and create its own new IP.\u00a0In particular,\u00a0new<\/i>cleo\u00a0will develop the nuclear reactor for its own LFR-AS-200 technology, while NEXTCHEM will leverage its own distinctive know-how to enable the JVC to deliver\u00a0the extended basic design,\u00a0procure\u00a0the critical proprietary equipment relevant to the Conventional Island and Balance of Plant of the nuclear power plant, and provide\u00a0project management\/integration services to\u00a0new<\/i>cleo.<\/p>\n

      The Conventional Island and the Balance of Plant are essential to convert nuclear energy into electrical power dispatchable to the grid or used to serve chemical districts according to NEXTCHEM’s e-Factory format, thus contributing to the decarbonization of the chemical industry by producing low-carbon chemicals and e-fuels.<\/p>\n

      The JVC will also provide integration services to other SMR (Small Modular Reactor) and AMR technology providers who are not competing with\u00a0new<\/i>cleo. This business model will serve the industrialization of the energy transition for any customer potentially interested in implementing power plants based on Generation IV nuclear technologies.<\/p>\n

      TECNIMONT (Integrated E&C Solutions) will be granted a preferred partner status for the delivery of projects, thanks to its state-of-the-art modularization approach to optimize construction and planning methodology, reducing time and costs.<\/p>\n

      The transaction is expected to be finalized by the end of\u00a0February 2025.<\/p>\n

      Alessandro Bernini<\/b>,\u00a0CEO of MAIRE<\/b>, commented: “This collaboration is a clear representation of our ability to offer\u00a0a\u00a0complete\u00a0range of services\u00a0for energy transition combining our innovative vision on sustainable technology solutions with our traditional competences in integrated engineering solutions. Today we set a further milestone in our progressive path to implement carbon-neutral chemistry models based on safe, reliable and competitive energy supply.”<\/p>\n

      <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[5,7],"tags":[],"class_list":["post-15500","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cision-pr-newswire","category-cision-pr-newswire-en"],"_links":{"self":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/15500","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15500"}],"version-history":[{"count":0,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=\/wp\/v2\/posts\/15500\/revisions"}],"wp:attachment":[{"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thaipropertynews.com\/feeds\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}