De Nora Buys Site in JV With Snam to Produce Electrolyzers
February 06 2023 - 11:40AM
Dow Jones News
By Christian Moess Laursen
Industrie de Nora SpA said Monday that it has bought an
industrial area in northern Italy in a joint venture with Snam SpA
to build an electrolyzer-production site.
The Italian electrochemical company said the factory will have a
capacity of up to 2 gigawatt and will produce electrolyzers for the
generation of green hydrogen. Industrie de Nora said the site is in
the area where a construction of a gigafactory is scheduled to
start in the second half of 2023, subject to completion of the
permitting process.
The facility will take up around 25,000 square meters and will
be constructed in a disused industrial area east of Milan, the
company said.
No financial details were disclosed by De Nora.
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
February 06, 2023 11:25 ET (16:25 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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