# NEXTCHEM and newcleo form joint venture Nextcleo for nuclear plant conventional island

MAIRE's subsidiary NEXTCHEM and newcleo signed binding agreements to establish Nextcleo S.p.A., a joint venture (60% NEXTCHEM, 40% newcleo) to develop the conventional island and balance of plant for newcleo's 200 MWe Advanced Modular Reactor. NEXTCHEM will also receive up to 5% of newcleo shares. Closing expected in H2 2025.

- Type: Partnership
- Announced: 2024-12-18
- Where: Italy
- Status: announced
- Capacity: 200 MWe
- Products: conventional island for nuclear plants, Advanced Modular Reactor
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [newcleo](https://endata.com/companies/13590.md) (partner)
- [NextChem](https://endata.com/companies/54665.md) (partner)
- [MAIRE Group](https://endata.com/companies/71462.md) (partner)

## Sources

- [groupmaire.com](https://www.groupmaire.com/en/newsroom/press-releases/detail/nextchem-maire-and-newcleo-sign-binding-agreements-to-incorporate-nextcleo-spa-dedicated-to-creating-new-ip-and-providing-technical-services-for-the-conventional-island-and-balance-of-plant-to-enable-the-deployment-of-newcleos-advanced-reactor-techno/), 2024-12-18: "The agreement paves the way to NEXTCHEM's e-Factory format, aimed at decarbonizing the chemical industry by producing low-carbon chemicals and e-fuels."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.