Trio sign agreement to develop Italy’s port facilities

Trio sign agreement to develop Italy’s port facilities

Cassa depositi e prestiti (CDP), Fincantieri and Snam have signed a preliminary collaboration agreement to identify, define, and implement medium-term strategic projects for the innovation and development of port facilities in Italy.

The consortium will also develop sustainable technologies for maritime transport in line with the provisions of the National Integrated Energy and Climate Plan Proposal (PNIEC).

The agreement focuses on several areas including:

  • Projects for building infrastructure for the supply, transformation, and use of liquefied natural gas (LNG) and alternative energy sources in maritime transport within port facilities or coastal areas.
  • Research, development and implementation of maritime transport systems based on new technologies (turbines for LNG modules, containment and management of liquid and gaseous methane systems), innovative energy sources (LNG, hydrogen, fuel cells).
  • Sharing operating models and best practice between the respective engineering and construction departments.
  • Initiatives to increase consumption efficiency, with a particular focus on the naval and industrial sectors.

The agreement was signed in Rome by the CEOs of CDP, Fabrizio Palermo, of Fincantieri, Giuseppe Bono, and of Snam, Marco Alverà.

As part of the agreement, Fincantieri and Snam will share their technical skills by launching dedicated workshops. CDP will support these initiatives from an economic and financial point of view, in line with its institutional mission to support projects that have a positive impact on the country.

Fabrizio Palermo, CEO of CDP, said: “The agreement signed today is part of the path laid out in our new business plan towards a full collaboration between the Group companies to further the country’s growth. Under this CDP agreement, Fincantieri and Snam will share their knowledge and technical expertise to make a concrete contribution to the competitiveness of maritime transport, a key sector for both the Italian and wider European economies.”

Fincantieri CEO, Giuseppe Bono, added: “Environmental sustainability is fast becoming a significant megatrend. This agreement will allow us to enhance our wealth of experience and expertise in such a rapidly growing area. It’s a trend that impacts every industry, including the shipping sector, and as such we welcome this important agreement between three Italian powerhouses, with the aim of increasing the positions of acquired leadership.”

Snam CEO, Marco Alverà, commented: “With this agreement, thanks to the support of CDP, we join forces with Fincantieri to contribute to reducing energy costs and increasing the environmental sustainability of the Italian maritime sector and our cities. LNG and bio-LNG represent the future of sustainable mobility, particularly for the heavy and maritime transport sectors. As such, Snam will share its expansive knowledge and expertise in these areas with the Italian port system”.