Fincantieri, ArcelorMittal and Paul Wurth for the technological conversion of the Taranto site

(To Fincantieri)

Fincantieri, ArcelorMittal Italia (AMI) and Paul Wurth Italia (PWI) have signed a Memorandum of Understanding (MoU) for the eventual realization of a project aimed at conversion of the existing integral cycle of AMI's Taranto steel plant according to ecologically compatible technologies.

Within the development of the project the roles of the parties will be divided as follows:

PWIT technology supplier whose plant culture derives from a historical company such as Italimpianti, will be responsible for verifying the technical feasibility of implementing new technologies in the existing plant to improve the environmental impact and will define the inputs necessary for the economic feasibility analysis;

AMI will deal, as manager of the industrial site, with the verification of the production feasibility of the new technological solutions and the related economic / regulatory / legal impacts;

FINCANTIERI, able to operate as general contractor in the civil, structural, environmental, plant, electronic and maintenance sectors, it will verify the feasibility of the projects, with particular reference to investments, timing, management costs, with a view to integrating the different project management activities.

The agreement also includes the identification of innovative projects for the containment of emissions, as well as activities for the study and development of new ones joint business models, such as the construction of high-strength steels for the production of ships and large infrastructures, in addition to supply of steel.

Thomas HansmannChief Executive Officer of Paul Wurth Italia SpA  commented: "The green conversion of the Taranto site is of such strategic importance as to require the contribution of the best resources in the country; the success of an operation of this importance necessarily passes through the collaboration between companies, which represent excellence within their field of work. A fundamental game is being played to allow Italy to continue to play a pivotal role in the production of high quality steel in Europe. Like Paul Wurth Italia, a worthy heir of Italimpianti who contributed so much in the past years to the economic development of the country, we are proud to carry on that tradition of customer support that has historically distinguished us.".

Lucia Morselli, Chief Executive Officer of ArcelorMittal Italia, commented: "We must be able to improve our companies, make them champions of sustainability, capitalize on these processes, on these technologies and we will thus have a development driver for the country with an extraordinary potential for exporting technology, as the demand for these skills is in continuous growth in Europe and in the world".

Giuseppe BonoChief Executive Officer of Fincantieri, commented: "Collaborations between leading national players go beyond the growth of individual companies, triggering benefits for the entire economic fabric of the country. This convergence with ArcelorMittal and with a company with a solid tradition such as Paul Wurth, could strongly enhance the steel industry. This represents a fundamental resource for Italian manufacturing, which aims to remain the second in Europe, and our commitment is aimed at increasing the competitiveness of the steel product, especially in terms of environmental sustainability, an aspect that is becoming increasingly important for all stakeholder involved in industrial processes". Bono concluded: "We are also pleased that for the first time for the Taranto steel plant, in addition to AMI, important industrial companies in the country are involved, which will therefore be able to contribute to the solution of the long-standing problems that have affected the maintenance and development of this site. , let us remember, it is the first in Europe".

Frame: ArcelorMittal