Fincantieri-Hera Group partnership for sustainable shipbuilding: Monfalcone, Italy (July 19, 2024) – Shipbuilding giant Fincantieri and Italian environmental leader Hera Group have announced a partnership to tackle waste management and promote sustainability in Fincantieri’s shipyards across Italy. This collaboration will see the creation of a new joint venture company specifically designed to handle the nearly 100,000 tons of industrial waste produced annually by Fincantieri. The key objective? Reduce waste generation and maximize recovery through the principles of a circular economy.
The initiative kicks off at Fincantieri’s shipyard in Monfalcone, but plans are in place to expand to other Italian locations and potentially even international sites.
A Sustainable Approach to Shipbuilding
Italian Navy’s Cavour aircraft carrier built by Fincantieri.
Here’s a closer look at what this partnership entails:
Joint Venture Takes Charge: A new company will be formed, co-owned by Fincantieri and Hera Group. This company will leverage the expertise of Herambiente Servizi Industriali (HASI) and ACR di Reggiani Albertino (ACR) to manage a comprehensive waste management system.
Circular Economy in Action: Minimizing waste generation is a top priority. Advanced recycling technologies will be employed to maximize recovery, while separate waste collection will ensure materials can be reused in production cycles. Additionally, logistics will be optimized to improve safety on construction sites.
ESG Goals in Focus: The partnership is designed to accelerate Fincantieri’s progress towards its environmental, social, and governance (ESG) objectives. This includes reducing waste, increasing recycling, conserving water, and cutting CO2 emissions.
READ: Pratt & Whitney Expands India Presence with New Customer Service Center in Bengaluru
Setting the Stage for Success
Italian Navy’s Todaro submarine.
Clear timeline and anticipated outcomes
The new company will be operational by 2024, starting with Fincantieri’s Monfalcone shipyard.
The initial target is to manage 100,000 tons of annual waste and boost recyclable materials like iron, wood, and paper by 15% within the first year.
Construction of advanced treatment plants and implementation of optimized waste management practices will further enhance the project’s impact.
READ: India’s Zen Technologies launches 4 AI based defense systems
Industry Leaders Unite for Sustainability
“We’ve chosen to collaborate with the most qualified partners who can guarantee innovative and effective solutions,” said Pierroberto Folgiero, CEO of Fincantieri. He highlighted the importance of working with Hera Group, an Italian leader in the environmental sector. Folgiero emphasized that this partnership aligns with Fincantieri’s industrial plan and commitment to circular economy practices.
Orazio Iacono, CEO of Hera Group, sees this collaboration as an opportunity to support large companies in achieving their ESG goals and contribute to a greener future for Italian industry.
This partnership between Fincantieri and Hera Group marks a significant step towards a more sustainable shipbuilding industry. By focusing on environmental protection, responsible waste management, and efficient resource utilization, this initiative paves the way for a cleaner future.
READ: DRDO awards multiple contracts to Indian defence startups