Strategic Agreement between the Governments of Italy and Saudi Arabia: De Nora Signs Two Collaboration Contracts with Saudi Water Authority and ACWA Power in water and hydrogen contributing to the sustainable development and technological innovation goals required by Saudi Arabia's Vision 2030

Milan, Jan. 27, 2025 — De Nora, an Italian multinational company specializing in electrochemistry, a leader in sustainable technologies and the emerging green hydrogen industry - has signed two collaboration and research contracts with Saudi companies ACWA Power and Saudi Water Authority on the occasion of bilateral meetings signed between Italy and the Kingdom of Saudi Arabia.

The strategic agreements involving De Nora aim to boost the circular economy, innovation, and energy transition, contributing to Saudi Arabia's Vision and achieving the 2030 goals.

The first agreement, a Memorandum of Understanding with ACWA Power, a Saudi giant in the desalination and energy sector that includes green hydrogen, involves studying, developing, and applying innovative technologies to improve the efficiency of water treatment systems. Specifically, ACWA Power, a publicly traded company, will focus on solutions to optimize the desalination process and reduce environmental impact.

The second agreement is with the Saudi Water Authority, the government agency that regulates and oversees the water sector in Saudi Arabia. This collaborative project involves the provision of three pilot plants: the first dedicated to increasing the efficiency of chlorine dioxide for water disinfection, the second to study the treatment of PFAS (per- and polyfluoroalkyl substances), and the third pilot to investigate innovative solutions for the recovery of hydrogen emitted from electrochlorination systems, thus contributing to energy efficiency and sustainability.

In summary, these agreements fit perfectly within De Nora's strategy to foster the global energy transition, Circular Economy processes, technological innovation and strengthen its presence in international markets, in line with the goals of sustainable development and technological innovation required by Saudi Arabia's Vision 2030.

Paolo Dellachà, CEO of De Nora, said: "We proudly announce the signing of these important collaboration agreements with two leading companies in Saudi Arabia, contributing to the realization of the country's Vision 2030. It was an honor to represent De Nora and participate in the Saudi-Italian round table organized in Al-Ula in the presence of Prime Minister Giorgia Meloni and Saudi and Italian representatives. De Nora is confirmed as a key player in the international energy transition process, chosen for its ability to develop innovative technologies to accelerate the green industrial growth of the territories."

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De Nora
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 pivotal 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 and 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 and municipal 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. In this sector, the company also holds 25.85% of thyssenkrupp nucera AG &Co. KGaA, a joint venture established with the thyssenkrupp group.

Founded in 1923, Industrie De Nora generated total revenues of around EUR 856 million and an Adjusted EBITDA of approx. EUR 171 million in 2023. The Company's growth process has developed organically through its continuous innovation as regards to external lines through acquisitions in the U.S., Asia, and Europe. De Nora's intellectual property portfolio currently includes more than 280 patent families with more than 2,800 territorial extensions. The De Nora family owns 53.3% of the company's share capital. Snam S.p.A. is a minority shareholder with about 21.6% of the capital.

For further information and to access the Media Kit: Media Kit | De Nora

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De Nora Investor Relations
Chiara Locati
+39 02 2129 2124
ir@denora.com

De Nora Media Relations
Barabino & Partners
Office: +39 02/72.02.35.35
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Elena Magni – e.magni@barabino.it  + 39 348 478 7490