Latest news with #DeNora
Trade Arabia
04-02-2025
- Business
- Trade Arabia
De Nora inks collaboration, research deals with Saudi groups
De Nora, an Italian multinational company specializing in electrochemistry and a leader in sustainable technologies and the emerging green hydrogen industry, has signed collaboration and research contracts with Saudi utility major Acwa Power and Saudi Water Authority. Signed during bilateral meetings between Italy and the Kingdom of Saudi Arabia, these strategic agreements involving De Nora are aimed at boosting the circular economy, innovation, and energy transition, thus contributing to Saudi Arabia's Vision and achieving the 2030 goals. The first agreement with Acwa Power - a Saudi giant in the desalination and energy sector that includes green hydrogen - involves studying, developing, and applying innovative technologies to improve the efficiency of water treatment systems, said De Nora in a statement. Specifically, Acwa Power, a publicly traded company, will focus on solutions to optimize the desalination process and reduce environmental impact, it stated. The second agreement is with the Saudi Water Authority, the government agency that regulates and oversees the water sector in Saudi Arabia. This collaborative project involves the provision of three pilot plants: the first dedicated to increasing the efficiency of chlorine dioxide for water disinfection, the second to study the treatment of PFAS (per- and polyfluoroalkyl substances), and the third pilot to investigate innovative solutions for the recovery of hydrogen emitted from electrochlorination systems, thus contributing to energy efficiency and sustainability. These agreements fit perfectly within De Nora's strategy to foster the global energy transition, circular economy processes, technological innovation and strengthen its presence in international markets, in line with the goals of sustainable development and technological innovation required by Saudi Arabia's Vision 2030, said a top official. "We proudly announce the signing of these important collaboration agreements with two leading companies in Saudi Arabia, contributing to the realization of the country's Vision 2030," remarked Paolo Dellachà, CEO of De Nora. "It was an honour to represent De Nora and participate in the Saudi-Italian round table organized in Al Ula in the presence of Prime Minister Giorgia Meloni and Saudi and Italian representatives.
Argaam
27-01-2025
- Business
- Argaam
ACWA Power signs MoUs with Italian companies
ACWA Power Co. signed several memorandums of understanding (MoUs) with Italian companies to collaborate in project financing, insurance, power generation, water desalination technologies, and establishing a green hydrogen supply chain from Saudi Arabia to Europe. The company signed five strategic MoUs with four Italian companies: Cassa Depositi e Prestiti, De Nora, Italian Export Credit Agency (SACE), and Ansaldo Energia. The last agreement was signed with NOMAC Holding, a wholly owned subsidiary of ACWA Power. These strategic partnerships with Italian institutions span various sectors. Notably, the three-year agreement with Cassa Depositi e Prestiti focuses on projects in countries eligible for official developmental assistance, in addition to supporting cooperation between ACWA Power and Italian companies in global supply chains. The agreement with De Nora explores the integration of advanced water treatment technologies in ACWA Power's desalination projects, including joint efforts to assess sterilization technologies and test advanced systems. The MoU with SACE covers two main areas: insurance and financing solutions to facilitate Italian exports and support their global spread, as well as establishing a framework for ACWA Power to procure goods and services from Italian companies. This will enhance trade and investment between Saudi Arabia and Italy. The two-year agreement between NOMAC Holding and Ansaldo Energia will contribute to expanding service capabilities for the renewal of gas turbine parts, focusing on selected regions, and exploring joint projects in Africa, leveraging facilitated Italian financing. ACWA Power also signed a MoU with Snam, an Italian company, to explore collaboration and joint investment opportunities aimed at establishing a green hydrogen supply chain from Saudi Arabia to Europe. Snam aims to develop multi-modal infrastructure across Europe to enhance energy security and accelerate the transition to net-zero emissions. Under this partnership, ACWA Power will play the role of developer, investor, and operator for green hydrogen and green ammonia production facilities in the Kingdom. The partnership also includes exploring possible collaboration and joint investment opportunities to create an international supply chain for reliable and cost-effective green hydrogen from Saudi Arabia to the European Union (EU). Additionally, the partnership involves studying the potential development of a green ammonia import terminal in Italy to facilitate the transport of green hydrogen from Saudi Arabia to the EU via the South H2 hydrogen corridor - a 3,300-kilometer project extending through Italy, Austria, and Germany into central Europe.
