Fincantieri, ArcelorMittal, Paul Wurth join hands to reconvert Taranto steel plant


Taranto steel plant Italy: Fincantieri, ArcelorMittal Italia (AMI) and Paul Wurth Italia (PWIT) signed a memorandum of understanding (MoU) to chalk out a reconversion plan for the existing integrated cycle of the AMI steel-making plant in Taranto, using eco-friendly technologies, the Italian shipbuilder said on Tuesday.

Trieste based shipbuilding giant Fincantieri said responsibilities to develop the plan will be shared by the three companies.

PWIT, a technological leader with a strong plant builder culture, inherited from a historical company as Italimpianti, will take care to verify the technical feasibility of implementing new technologies in the existing plant to improve the environmental impact and define the inputs necessary for the economic feasibility analysis.

While ArcelorMittal Italia, the company managing the industrial facility, will be in charge of verifying the production feasibility of the new technologies and their economic, regulatory and legal impact, Fincantieri will be in charge of verifying the feasibility of the projects, especially in terms of investments, schedule and management costs, with a view to integrating the different project management activities.

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Trieste based Fincantieri said its role in the programme is based on its capability to function as general contractor in the civil engineering, structural, environmental, plant-engineering, electronic and maintenance sectors.

The agreement also aims at identifying innovative projects for reducing emissions, as well as activities for the study and development of new joint business models, such as the production of high-resistance steel for the construction of ships and core infrastructures, in addition to supplying steel.

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Thomas Hansmann, CEO of Paul Wurth Italia said the green conversion of Taranto site is of such strategic importance that requires the collaboration of the best resources of the country.

“We are playing a fundamental game to enable Italy keeping its pivotal role in the production of high-quality steel in Europe,” Hansmann added.

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Taranto Steel Plant

Taranto Steel Plant.

“We need to be able to improve our companies, make sure they become champion of sustainability, capitalize on those new processes and technologies that represents a driver of growth for the Country with a huge export potential, fueled by the increasing European and Global demand for those competencies,” Lucia Morselli, CEO of Arcelor Mittal Italia said.

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Fincantieri CEO, Giuseppe Bono said the partnerships between leading national players go well beyond the growth of the single companies concerned, as they bring benefits to the Nation’s entire economic structure.

“This concurrence with ArcelorMittal and a company with such a long-established tradition as Paul Wurth, can add tremendous value to the steel-making chain,” Giuseppe said in a statement sent to Defence Star.

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“It is a vital  asset for the Italian manufacturing industry, which strives to maintaining second position in Europe, and our undertaking Bono aims at increasing the competitiveness of steel products, especially in terms of environmental sustainability, an aspect that is becoming increasingly important to all stakeholders involved in industrial processes,” Bono added.

The Fincantieri executive said the three companies can now help find a solution to the age-old problems.

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