De Nora and ACWA Power Sign Agreement to Boost Green Hydrogen and Desalination Projects

By September 5, 2023 2   min read  (308 words)

September 5, 2023 |

2023 09 05 08 51 05

MILAN– Industrie De Nora S.p.A. (“De Nora”), a Milan-based sustainable electrochemical tech powerhouse, has entered a strategic partnership with ACWA Power, a Saudi Arabian juggernaut in water desalination. Both parties sealed their commitment to greener energy and water treatment solutions with a memorandum of understanding (MOU) at the recent Saudi-Italian Investment Forum.

“We’re thrilled to extend our impact in the Middle East, reinforcing our commitment to Saudi Arabia’s 2030 vision,” said Luca Buonerba, De Nora’s Chief Marketing and Business Development Officer. “Our water treatment and green hydrogen solutions have earned the trust of ACWA, and we’re poised for even greater successes under the diplomatic bridge between Italy and Saudi Arabia.”

De Nora will bring its electrochemical expertise to the table, aiding ACWA in the sustainable production of green hydrogen. This union leverages both companies’ experiences with high-profile projects in the region, including ACWA’s involvement in the world’s largest seawater desalination plant and green hydrogen facility.

“We expect this partnership to be a rich exchange of expertise and technology, especially as Saudi Arabia is on an aggressive path to decarbonize,” stated Marco Arcelli, ACWA Power’s CEO. “Both companies are aligned in solving pressing global issues, from clean water access to carbon footprints, and this is just the start.”

The MOU was co-signed by key figures, including representatives from the Saudi Ministry of Investment and the Italian Ministry of Enterprises, highlighting the geopolitical significance of the partnership.

 About De Nora

Listed on the Euronext Milan, De Nora specializes in sustainable electrochemical technologies, offering a broad range of solutions for water treatment and green hydrogen production. With a revenue of EUR 853 million and an Adjusted EBITDA of EUR 191 million in 2022, the company is a global leader in its field.

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