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18/10/2012
Press Release
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Chiyoda and Archimede Solar Energy join forces
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Massa Martana 18 ottobre 2012

PRESS RELEASE

 

CHIYODA AND ARCHIMEDE SOLAR ENERGY JOIN FORCES

 

Japanese Chiyoda and Italian Archimede Solar Energy (ASE) have joined forces. Archimede, an Angelantoni Industrie holding company, is the sole world manufacturer of thermodynamic solar receivers which employ sodium nitrate and potassium (a.k.a. molten salts) as thermal fluid. With a 15% company share, Chiyoda has become Archimede’s new business partner.

Chiyoda Corporation is an Engineering, Procurement and Construction (EPC) contractor and one of the world’s leading chemical, petrochemical, petrol and liquefied natural gas (LNG) engineering and building contractors specialized in large industrial and electrical plants.

The deal is the result of a joint operation which began in 2011 and was aimed at finding new business opportunities in concentrated solar thermodynamics in the Middle East and North Africa. With this new partnership, Chiyoda means to diversify its field of operations while Archimede joins forces with a well-established company on Arab markets.

“This new partnership is fundamental for new research on molten salt technology. In Italy for example, it will allow us to explore the business opportunities found in recent government regulations on non-photovoltaic renewable energy sources. This in turn can contribute to establishing a productive chain and in developing know-how to better compete on international markets” says the President of ASE, Mr Gianluigi Angelantoni.

The first project the two companies will work together on is the construction of a demo plant: a small experimental plant which will use concentrated solar thermodynamics, to be built next to ASE’s headquarters in Massa Martana, Italy. The demo plant will serve to fine tune new technology and proceed with due confidence in future investments as well as in the construction of bigger plants.

"This investment will be a significant step for Chiyoda to accelerate and espand its role in CSP, Concentrated solar power business. I strongly believe Chiyoda partecipation in ASE capital will contribute to the growth of the company as an essential component supplier in CSP industies." says the CEO of Chyioda, Mr Takashi Kubota.

 

 
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Angelantoni Industrie s.p.a. - Loc. Cimacolle, 464 - 06056 Massa Martana (PG) - ItalyAngelantoni
 
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