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CircularYard is born, a new Fincantieri-Hera company for waste management

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Rome, 13 Jan. (Adnkronos) - Fincantieri, one of the world's leading groups in highly complex shipbuilding, and the Hera Group, one of the largest Italian multi-utilities operating in the environmental, energy and water sectors, announce the establishment of CircularYard Srl, the newco aimed at realizing...

Rome, 13 Jan. (Adnkronos) – Fincantieri, one of the world's leading groups in highly complex shipbuilding, and the Hera Group, one of the largest Italian multi-utilities operating in the environment, energy and water sectors, announce the establishment of CircularYard Srl, the newco aimed at creating, in Fincantieri's eight Italian shipyards, an innovative integrated waste management system, also aimed at their valorization in a circular economy perspective. In the future, the newco's operations are expected to be extended to other Fincantieri sites located abroad.

CircularYard, the new joint venture born following the Memorandum of Understanding signed in July 2024 – reads a joint note – further consolidates Fincantieri's commitment to increasingly responsible industrial practices, contributing significantly to the achievement of environmental sustainability objectives, reducing unsorted waste destined for disposal by 15% and promoting a circular economy in production plants. Thanks to the provision of specific know-how and skills by the Hera Group companies, CircularYard will introduce innovative and sustainable solutions, in order to guarantee greater control over suppliers and promoting transparency, safety and quality along the entire supply chain.

The corporate structure of CircularYard is formed by 60% Hera Group and 40% Fincantieri. Hera Group will be present with Herambiente Servizi Industriali (Hasi) at 55% and Acr di Reggiani Albertino Spa (Acr) with the remaining 5%, both companies controlled by Herambiente, among the main national operators in the environmental sector and among the first seven in Europe.

The project will have two development phases, with the ultimate goal of managing almost 100 thousand tons per year of industrial waste produced in Fincantieri shipyards and increasing by 15% the fractions that can be used, in particular iron, wood, plastic and paper, already in the first year. In parallel, specific interventions will be studied that will allow the model to reach full capacity thanks to the creation of advanced plants, such as, for example, those for the treatment and reuse of water or for the recovery of copper, and the optimized management of waste.

“The launch of the joint venture with a partner of absolute value such as the Hera Group – says Pierroberto Folgiero, CEO and General Manager of Fincantieri – adds a piece to our further commitment to the adoption of virtuous circular economy practices within our shipyards. In line with our industrial plan on operational excellence, CircularYard represents a project that combines complementary know-how and allows us to apply best practices and technological innovation in the management and valorization of waste and production scraps. The ultimate goal is to simultaneously pursue our targets on environmental sustainability and process efficiency in the name of responsible growth from both a sustainability and economic point of view, confirming Fincantieri's role as a world leader also in the adoption of new operating models in shipbuilding”.

“We are proud to put our high level of expertise, plant excellence and long-standing professionalism in the circular waste management process at the service of the first Western shipbuilder, to promote the regeneration of urban and industrial areas,” says Orazio Iacono, CEO of the Hera Group. “We are accelerating our journey that will lead the Hera Group to become the driving force of the circular economy of the Italian industrial fabric, accompanying large companies in their environmental transition process with the reduction of production waste and maximum valorization in its recovery.”