<\/p>\n
Italian energy contractor Saipem, which has traditionally focused on oil and gas contracts, sees business opportunities arising in low-carbon areas including green ammonia and offshore wind, its CEO said on Thursday.<\/p>\n
Speaking with journalists the day after releasing first-half results, Saipem’s Alessandro Puliti said the group had been recently awarded a 250-million euro ($271 million) project to build a large-scale green ammonia storage tank in Northern Europe.<\/p>\n
The tank will be part of an energy import terminal where the ammonia will be turned into green hydrogen, he said, adding Saipem expected similar contracts to emerge as heavy-polluting industries focus on decarbonise their activities.<\/p>\n
“This storage tank contract is very important for us because it is a way to enter a business that we expect will develop the most among the activities related to green hydrogen,” Puliti said.<\/p>\n
Europe is attempting to kick start the production and import of renewable hydrogen – a fuel manufactured using renewable electricity – which countries are betting on to cut fossil fuel use in industrial processes such as steel-making.<\/p>\n
Converting green hydrogen into ammonia – passing from a highly flammable gas to a liquid – is the easiest way to transport the renewable fuel, he added.<\/p>\n
Puliti said the group, which had an order backlog of 30.5 billion euros at end-June, was also eager to enter in offshore wind projects in Italy, an area where the Mediterranean country has been proceeding very slowly so far compared with Nordics.<\/p>\n
“We are ready to work on offshore wind projects in Italy starting from now … what we lack to start? Developers and contracts,” Puliti said.<\/p>\n
The Italian group confirmed its 2024 guidance on Wednesday after reporting a 36% rise in adjusted core profit to 297 million euros in the second quarter compared with the same period of last year.<\/p>\n
Puliti said the group was focused on delivering on its pledge to return to dividend in 2025.<\/p>\n
(Reuters – Reporting by Francesca Landini, editing by David Evans) maritime professional<\/p>\n","protected":false},"excerpt":{"rendered":" Italian energy contractor Saipem, which has traditionally focused on oil and gas contracts, sees business opportunities arising in low-carbon areas including green ammonia and offshore wind, its CEO said on Thursday. Speaking with journalists the day after releasing first-half results, Saipem’s Alessandro Puliti said the group had been recently awarded a 250-million euro ($271 million) …<\/p>\n","protected":false},"author":1,"featured_media":46473,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[],"class_list":["post-46472","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/46472","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=46472"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/46472\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/46473"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=46472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=46472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=46472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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