CDP, Fincantieri and Snam together for innovation

(To Fincantieri)
14/01/19

Cassa depositi e prestiti (CDP), Fincantieri and Snam have signed a preliminary collaboration agreement aimed at identifying, defining and implementing medium-term strategic projects in some key sectors for innovation and development of port facilities in Italy, as well as for development of sustainable technologies applied to maritime transport, in line with the provisions of the Proposal for an integrated National Plan for Energy and Climate (PNIEC).

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

In particular, the areas covered by the agreement concern:

• Ports and coastal areas - construction projects, within port structures or coastal areas, of infrastructure for the supply, transformation and use of liquefied natural gas (LNG) and alternative energy sources in maritime transport;

• New technologies and innovative energies - research, development and construction of maritime transport systems based on new technologies (turbines for LNG modules, containment and management systems for liquid and gaseous methane), new innovative energy sources (LNG, hydrogen , fuel cells);

• Engineering - comparison and sharing of operating models and best practices between the respective engineering and construction departments;

• Energy efficiency - consumption efficiency initiatives, with particular reference to the naval and industrial sectors.

For the success of the agreement, Fincantieri and Snam will share their technical skills by launching dedicated work tables and CDP will support, from an economic and financial point of view and in line with its institutional mission, projects that have positive repercussions for the benefit of public interest of the country.

The agreement will eventually be subject to subsequent binding agreements that the parties will define in compliance with the applicable regulatory profiles, including those relating to transactions between related parties.

"The agreement signed today fits into the wake traced by the new business plan of Cassa Depositi e Prestiti for full collaboration between the Group companies, to support the country's growth", said Fabrizio Palermo, CEO of CDP. "With the activities that will be launched under this CDP agreement, Fincantieri and Snam will share their skills of excellence and their innovative capacity to make a concrete contribution to the competitiveness of maritime transport, one of the key sectors of the economy also in a broader European perspective "

Giuseppe Bono, managing director of Fincantieri declared: “The agreement reached today will first of all allow us to enhance our wealth of experience and skills in a megatrend such as that of environmental sustainability. The global industry, including the shipping industry, is turning in this direction, so we welcome with great favor that our country is also putting in place an agreement with a highly strategic profile like this one, which involves three national excellences, with the aim of increasing positions of leadership acquired ".

Marco Alverà, CEO of Snam, commented: "With this agreement, thanks to the direction of CDP, we make a system with Fincantieri to contribute to the reduction of energy costs and environmental sustainability of the national maritime sector and of our cities. Snam will make available to the Italian port system its skills and technologies in the fields of LNG and LNG, which represent the future of sustainable mobility and in particular of heavy and maritime transport ".