Saipem and Siram Veolia have signed a Memorandum of Understanding (MoU) relating to a collaboration agreement for the implementation of projects focused on the energy transition in Italy. In particular, the two companies intend to pursue opportunities in the treatment and reuse of water and waste, the generation of biogas and biomethane, the energy efficiency of industrial plants, and the implementation of new technologies for heat and power generation. Source: Saipem

Through this MoU, Saipem and Siram Veolia will also evaluate specific initiatives that fall within the Recovery and Resilience Facility Plan, through which funds will be available to support Member States of the European Union in the post-COVID-19 phase.

The agreement also aims to contribute to the evolution of the Italian industrial segment by leveraging the skills of the companies, both of which are excellences in the energy and environmental sectors.

Saipem will supply solutions aimed at increasing the sustainability of production complexes and enabling cutting-edge technologies for utility plants. To this end, Saipem can bring its consolidated skills in the design and implementation of execution projects for utility plants, integrating different processes, solutions, and technologies, taking into account the knowledge and experience gained in the construction of power generation, water, waste and gas treatment plants.

Siram Veolia, the Italian subsidiary of the Veolia Group, world leader in the management and optimisation of environmental resources, is active in both the public and private Italian Energy Efficiency, Optimised Water and Special Waste Management markets and has, among its main targets, the plant financing, and maintenance and operation.

The collaboration agreement we signed with Siram Veolia aims to pool our mutual experiences and specificities with the goal of contributing to the country's energy transition process. In this sense we are committed to offering our clients innovative solutions that support them in reaching their goals and that are adequate for meeting the challenges posed by the new energy and environmental scenario, diversifying our activities and investing in renewables.

Maurizio Coratella, Chief Operating Officer, Saipem's Onshore E&C Division

We are very satisfied with the partnership with Saipem in this time of great challenges for the relaunch of our country. The consolidated and complementary experience in the implementation and management of large projects can provide the guarantee to use the resources of the Recovery and Resilience Fund in compliance with the established timeframes and performances. The ability to propose Public Private Partnership projects also makes it possible to determine a multiple effect of the available resources.

Emanuela Trentin, Director, Siram Veolia