RINA and Fincantieri have signed a memorandum of understanding to develop decarbonization synergies in the shipping sector, with an emphasis on alternative fuels, carbon capture, and renewable energies.
The two companies will collaborate on technology scouting, analysis, study, and simulation of new fuels and energy vectors, particularly hydrogen and ammonia, as well as carbon capture, according to the agreement. Approval in Principle (AiP) activities, a risk-based approach to classification that allows new designs and concepts to be validated based on safety equivalence, as well as the qualification of innovative projects and technologies, will be part of the collaboration.
The two companies will focus on offshore wind power plants and wave energy technological solutions in the field of renewable energy. RINA and Fincantieri will also collaborate on EU-funded R&D projects and work on “green finance” development.
The two companies will complement each other’s expertise in providing multidisciplinary engineering services as a result of this collaboration, strengthening their position as key players in the conception of new projects and the development of cutting-edge technologies.
Ugo Salerno, Chairman and CEO of RINA, said: “RINA and Fincantieri share a common ancestry with our commercial roots both beginning in the naval sector. In addition, we share the same passion to create a sustainable industry, and that is why I am both pleased and proud to announce the closer collaboration between the two companies”.
Giuseppe Bono, CEO of Fincantieri, said: “Being leaders in multiple sectors brings with it the responsibility to act in a sustainable way. It is in our interest to ensure a combination of competitiveness and sustainability, profit and innovation, at all levels. 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”.