Brasil
China
Germany
India
JapanMilan/Cernusco sul Naviglio, February 6, 2023
Industrie De Nora S.p.A. – Italian multinational listed on Euronext Milan, specialized in the electrochemical industry and leader in sustainable technologies and in the emerging green hydrogen industry - in a joint venture with Snam, has finalized the acquisition of a disused industrial area located south-east of Cernusco sul Naviglio for the realization of the "Italian Gigafactory" project.
The project is part of De Nora Group's production capacity expansion plan and foresees, following the demolition of the existing buildings, the construction of a large-scale production hub with a capacity of up to 2GW for the production of electrolyzers for the generation of green hydrogen, systems, and components for water electrolysis and fuel cells, as well as the construction of facilities to serve Group's other divisions.
The production facility will take up approximately 25,000 square meters. The design of the plant will be an opportunity to revamp the area "on a human scale" by adopting a modern concept of industrial architecture, based on criteria of respect for the environment and sustainability, through renewable energy generation, the use of photocatalytic materials capable of decomposing air pollutants, light mobility projects and urban reforestation.
The construction of the Gigafactory is scheduled to begin in the second half of 2023, subject to the successful completion of the permitting process that will unfold in the coming months.
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Industrie De Nora is an Italian multinational company listed on the Euronext Milan stock exchange, specializing in electrochemistry, a leader in sustainable technologies, and has a vital role in the industrial green hydrogen production chain. The Company has a portfolio of products and systems to optimize the energy efficiency of critical industrial electrochemical processes and a range of products and solutions for water treatment. Globally, Industrie De Nora is the world's largest supplier of activated electrodes (serving a broad portfolio of customers operating in the fields of chlorine & caustic soda production, components for electronics, and non-ferrous metal refining). Industrie De Nora is also among the world's leading suppliers of water filtration and disinfection technologies (for the industrial, municipal, and marine sectors) and the world's leading swimming pool disinfection components supplier. Leveraging its well-established electrochemical knowledge, proven manufacturing capability, and a supply chain established over the years, the Company has developed and qualified a portfolio of electrodes and components to produce hydrogen through the electrolysis of water, which is critical for the energy transition. Founded in 1923, Industrie De Nora had total revenues of €616 million and EBITDA of €127 million in 2021. The Company's growth process has developed organically, through continued penetration of new markets and applications, and through acquisitions in the U.S., Asia, and Europe. De Nora’s continuous innovation drives its growth represented by its evolving intellectual property portfolio, which currently includes more than 260 patent families with more than 2,600 territorial extensions. The Company's portfolio includes a stake (about 34 percent) in the thyssenkrupp nucera joint venture, a world-leading engineering company in chlorine production and water electrolysis plants to produce hydrogen. The De Nora family controls the Group, which owns approximately 55 percent of the Company’s share capital. Snam S.p.A. is a minority shareholder with about 26 percent of the capital.
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FOR MORE INFORMATION
Industrie De Nora – Investor Relations
Matteo Lodrini
ir@denora.com
Media Relations
Barabino & Partners
Office: +39 02/72.02.35.35
Sabrina Ragone – s.ragone@barabino.it 338 25 19 534
Alberto Piana – a.piana@barabino.it 342 76 70 164