Brasil
China
Germany
India
JapanMilan/Cernusco sul Naviglio, December 16, 2022 – Industrie De Nora S.p.A. has submitted a request to the Municipality of Cernusco sul Naviglio to express its prior opinion on the feasibility of a new production hub for the urban regeneration of a disused industrial area south-east of the Cernusco sul Naviglio area currently owned by a private company, with whom negotiations for the purchase are ongoing.
The Municipal Council, which met on 16 December, with its own act of address, assessed the proposal for the new production site as being of public interest, and mandated the Municipality's Technical Sector Manager to carry out all the necessary activities to follow up on the company's requests.
The new site will host the 'Italian Gigafactory' project, which aims to produce electrolyzers for the generation of green hydrogen through the electrolysis of water and the production of components for fuel cells, used in the production of energy without CO2 emissions.
Subject to the successful outcome of the authorization process, which will take place over the next few months, construction work on the Gigafactory is expected to start in the second half of 2023.
* * *
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.
Investor Relations
Marco Porro
+39 02 2129 2124
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