Fincantieri and Hera Group have established CircularYard, a new company aimed at developing an innovative integrated waste management system in Fincantieri's eight Italian shipyards with an approach based on the circular economy.The
Fincantieri and Hera Group have established CircularYard, a new company aimed at developing an innovative integrated waste management system in Fincantieri's eight Italian shipyards with an approach based on the circular economy.
The result of a partnership between the multi-utility and the leading global shipbuilding company, the new company aims to oversee and improve the entire waste management process at all Fincantieri shipyards in Italy and, in the future, abroad.
Almost $13.4 million in investments is planned for the design and construction of new facilities and the upgrading and optimization of infrastructure and equipment in support of a circular economy will bring a 15% reduction in undifferentiated waste in the first year.
CircularYard, the new joint venture born out of the memorandum of understanding (MoU) signed in July 2024.
When fully operational, CircularYard is expected to process 100,000 tons per year of industrial waste.
Hera Group will own 60% and Fincantieri 40% of CircularYard.
Specifically, CircularYard will be responsible for overseeing the entire waste management process, with a specific focus on the operational management of facilities to better exploit disposable waste and recoverable residues.
The project will have two phases of development, with the ultimate goal of managing nearly 100,000
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