January 14

Fincantieri debuts CircularYard

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Italian shipyard group Fincantieri has teamed with compatriot utility firm Hera Group to form CircularYard, a joint venture aimed at developing an integrated waste management system in Fincantieri’s eight Italian shipyards with an approach rooted in the circular economy. The partners plan to further expand operations to include other Fincantieri sites located internationally. 

The joint venture will oversee the entire waste management process, focusing on optimising facilities to maximise the recovery of valuable materials such as iron, wood, plastic, and paper, aiming to increase recyclable fractions by 15% in the first year. The initiative will unfold in two phases: initially managing nearly 100,000 tons of industrial waste annually and later achieving full operational capacity through advanced infrastructure, including facilities for water treatment, copper recovery, and waste sorting. This circular economy-driven approach will be further reinforced by constructing treatment plants and expanding temporary storage with enhanced sorting and recovery capabilities.

Pierroberto Folgiero, CEO of Fincantieri, commented: “The launch of the joint venture with a valuable partner like Hera Group adds a piece in our further commitment to the adoption of virtuous circular economy procedures within our shipyards.”

The post Fincantieri debuts CircularYard appeared first on Energy News Beat.

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