Italy's De Nora, Saudi ACWA Power to team up for green energy, water desalination
05/09/2023 11:55
Sept 5 (Reuters) - Electrodes maker De Nora DNR.MI
will partner up with Saudi utility ACWA Power 2082.SE for
energy transition and water desalination projects in the Gulf
country, the Italian group said on Tuesday.
The two companies signed a Memorandum of Understanding
(MoU)on Monday during an Investment Forum between Italy and
Saudi Arabia in Milan.
Under the MoU, ACWA plans to use De Nora's expertise in
electrode technologies to speed up the production of green
hydrogen and enhance water and wastewater disinfection
technologies, the Italian firm said in a statement.
The partnership will help "minimising the CO2 footprint,
granting easy and cost competitive access to clean water and
green hydrogen" in line with Saudi Arabia's vast economic agenda
to wean the economy off oil and known as 'Vision 2030', De
Nora's executive Luca Buonerba said in the statement.
De Nora's and Thyssenkrupp's TKAG.DE joint venture
Thyssenkrupp Nucera NCH2.DE provides the alkaline water
electrolysis technology for the world's largest green hydrogen
production plant under construction in NEOM, a huge economic
zone in Saudi Arabia's northwest.
(Reporting by Alessandro Parodi, editing by Federico Maccioni
and Louise Heavens)
((Alessandro.Parodi@thomsonreuters.com;))