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RINA and Fincantieri sign MoU on joint decarbonisation R&D

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The MoU aims to enhance the mutual expertise of both companies; work on hydrogen and ammonia fuels are of particular concern
RINA and Fincantieri have signed a memorandum of understanding (MoU) to develop synergies in the field of alternative fuels, carbon capture and renewable energies.

Being leaders in multiple sectors brings with it the responsibility to act in a sustainable way,’ said Giuseppe Bono, CEO, Fincantieri. ‘It is in our interest to ensure a combination of competitiveness and sustainability, profit and innovation, at all levels.’ 

He added, ‘We want to play an active role in promoting a low-carbon circular economy by reducing the direct impact of our operations, developing sustainable products and services, and working with institutions and partners like RINA.’ 

Enhancing mutual expertise  

The MoU agrees to ‘enhance the mutual expertise’ of both companies on initiatives related to technology scouting, the analysis, study and simulation of new fuels and energy vectors - hydrogen and ammonia in particular - and carbon capture.

Design

The collaboration will also include Approval in Principle (AiP) activities, a risk-based approach to classification that allows new designs and concepts to be validated on the basis of safety equivalence, and the qualification of innovative projects and technologies.

Renewable energy

In the field of renewable energy, Fincantieri and RINA will focus on offshore wind power plants and technological solutions for wave energy, co-participate in EU-financed R&D projects and engage in the development of green finance.

Ugo Salerno, chairman and CEO, RINA said the company has ‘a common ancestry’ with Fincantieri – who similarly derives its commercial roots in the naval sector – and shares its 'passion to create a sustainable industry.’ 

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