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Empowering Global Markets Through Integrated Solutions

A premier consortium specializing in Engineering, Procurement, Commodity Sourcing, Renewable Power, and Financial Advisory across Europe, the Middle East, Africa, and the Americas.

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About ICARE Group

The ICARE Group brings together a powerhouse of seasoned executives possessing exceptional know-how in engineering, developing, and financing complex industrial and energy projects globally. Operating through a unified framework, our Swiss-headquartered entity directs a workforce of over 650 professionals.

Our adaptability to diverse cultural and business practices ensures reliable, technically sound, and economically viable long-term solutions, spanning from fast-track power deployments to vast petrochemical infrastructure and green energy transitions.

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Icare Energy

Shareholders: Dominique Obadia (50%), Max Abitbol (50% Corporate Stakeholder Allocation)

Icare Holding

Shareholders: Icare Energy (62.5%), Jean-Bernard Markovits (37.5%)

Litwin SA

Ownership: 100% Subsidiary of Icare Holding

Litwin Iraq

Ownership: 100% Operating Branch of Litwin SA

ICARE Italy

Ownership: 100% Icare Holding Equity (Focus: Power, Waste-to-Energy, Renewable Energy)

ICARE Procurement

Ownership: Global Strategic Supply Chain Arm

IPS

Shareholders: Icare Holding (50%), Eskander Maleki (50%)

Icare Zrt

Shareholders: Icare Holding (51%), MMD 21 Invest (39%), Honfran (10%)

ICARE Group Headquarters

Comprehensive Group Divisions

Operating through five specialized branches, ICARE Group delivers end-to-end project realization from initial funding and equipment sourcing to construction and long-term operation.

ICARE Energy SA

Project Development, IPP Sourcing & Fast-Track Power Infrastructures.

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ICARE Finance

Transaction Structuring, Capital Raising, Advisory & Risk Mitigation (Jorf Lasfar, Azito).

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Litwin Engineering

Full-Cycle EPCM Services, PMC Projects Sourcing & Refining Infrastructure.

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ICARE Italy

Power Generation, Waste-to-Energy, Green Hydrogen & Renewable Energy Systems.

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ICARE Procurement

Global Industrial Equipment Sourcing, Supply Chain Management & Strategic EPC Logistics.

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Group Presence

The ICARE Group operates across four continents—the Americas, Europe, Africa, and Asia. Hover over the highlighted countries on the map below to see our footprint, and click to view comprehensive project details.

Global Footprint & Project References

Our integrated consortium has successfully executed the following complex power, renewable, and hydrocarbon infrastructure developments globally. Click on any project card to view complete specifications.

Power, Renewables & Hydrogen Projects

ICARE Italy

Confidential Green Hydrogen Complex

🌍 Location: Western Europe

End-to-end FEED engineering and PMC for an industrial-scale 40 MW Solar & 40 MW Wind hybrid plant with electrolyzers and pipeline distribution.

Scale: 8,000 m³/hr H₂ & 4,000 m³/hr O₂
Litwin

2 CCGT Power Plants PMC

📍 Location: Hungary

Project Management Consultancy for MVM Mátra (480-650 MWe) and MVM Balance Tiszaújváros (998 MWe dual units) power plants.

Capacity: 1,600 MW Cumulated
Litwin

100 MW Green H2 Project

📍 Location: Northern Chile

Conceptual study and 6-month FEED program establishing design baselines for renewable hydrogen generation.

Capacity: 100 MW Electrolyzer Loop
ICARE Italy

Brenmiller Legacy CSP Projects

📍 Location: Spain

Portfolio of Concentrated Solar Power plants including Lebrija 1 (50 MW), Borges (22.5 MW hybrid), Olivenza 1 (50 MW), and Arenales (50 MW).

Technology: Thermal Storage & CSP
ICARE Italy

Eswatini Power Plant Development

📍 Location: Eswatini

Phased gas turbine power generation scheme (Phase I: 78 MW GT; Phase II: 2x78 MW GT + 70 MW Steam Turbine = 226 MW total).

Capacity: 226 MW Combined Cycle
ICARE Finance

Jorf Lasfar IPP Advisory

📍 Location: Morocco

Lead financial advisory, sponsor tranches, and complex ECA loan syndication for 1320 MW coal-fired Independent Power Producer facility.

Value: $1,483 MUSD Infrastructure

Oil, Gas, Storage & Logistics Infrastructure

Litwin

PROTRON ENERGY Storage & Jetty

📍 Location: Tuxpan & Hidalgo, Mexico

EPC of two petroleum storage terminals (Tuxpan 1820 KBL & Hidalgo 2300 KBL), liquid jetty, transfer pipeline, and 205 km 20" pipeline.

Value: $480 MUSD | 4.12 Million Barrels
Litwin

HTTSA Hydrocarbon Facility

📍 Location: Tangiers, Morocco

EPC contract for 17 storage tanks comprising 490,000 m³ capacity at New Tangiers Port with full automation systems.

Value: €82 Million | 17 Tanks
Litwin

Beynes Underground Gas Storage

📍 Location: Yvelines, France

Lumpsum turnkey EPC for Storengy (GDF-Suez) featuring 2x3.7 MW moto-compressors, 600,000 Nm³/h gas treatment, and dehydration units.

Value: €150 Million (ICARE share €75M)
ICARE Finance

Azito 140 MW Power Project

📍 Location: Ivory Coast

Financial structuring, equity investment, and multilateral debt advisory for 140 MW gas-fired generation facility.

Value: $220 MUSD Project Financing

Group Leadership

Max Abitbol

Max Abitbol

President & CEO, ICARE Group

Max Abitbol is an experienced manager in power, engineering, and private equity with a robust network across Africa, the Middle East, and Asia. As a CEO and Department Head, he has a proven track record of leading major industrial entities to long-term success.

After earning his MBA in Finance from Hartford University (USA) in 1975, Max began his career at CE Lummus Crest. He later directed major Project & Trade Finance institutions in Zurich, elevating them to leading positions in world project export finance advisory.

Having led extensive European, Middle Eastern, and African operational divisions, Max simultaneously served as CEO of major industrial groups. His extensive career also includes serving as Chairman and CEO of Litwin Engineering and President and CEO of BSG Energy.