Maire S.p.A., formerly known as Maire Tecnimont S.p.A., is an engineering and construction group headquartered in Milan, Italy. The company primarily serves the downstream oil and gas, petrochemical, and fertilizer industries, while also developing technologies for the energy transition and circular economy. Maire operates through two main business units: Integrated Engineering & Construction (E&C) Solutions and Sustainable Technology Solutions (STS).
The Integrated E&C Solutions segment, which accounts for approximately 94% of total revenues, acts as a general contractor delivering large-scale engineering, procurement, and construction (EPC) projects. This division designs and builds industrial facilities, including chemical and petrochemical plants, natural gas processing units, and fertilizer production facilities. The Sustainable Technology Solutions segment, operating primarily through the NextChem subsidiary, contributes the remaining 6% of revenues. This division develops and licenses technologies for green chemistry, circular carbon, bio-based fuels, and hydrogen production.
Geographically, Maire operates internationally. In 2024, the Middle East was the company's largest market, generating over 65% of revenues. Africa accounted for approximately 13% of revenues, followed by the European Union at 9%, and smaller contributions from Asia, the Americas, and its domestic market in Italy. The company's business model relies on securing multi-year EPC contracts, which provide revenue visibility through an order backlog. Maire's competitive position is supported by its technology portfolio and its relationships with national and international energy companies.
