PTA-News: Wolftank-Adisa Holding AG: Wolftank-Adisa announces cooperation with Snam S.p.A.

Friday, 23. April 2021 14:47

Business news for the stock market

Innsbruck (pta028/23.04.2021/14:47) - Wolftank-Adisa Holding AG, based in Innsbruck, is pleased to announce its cooperation with the Italian gas supplier Snam S.p.A.:

Snam4Mobility, a Snam Group company active in the field of sustainable mobility, and Wolftank Hydrogen, a company of the Austrian Wolftank- Adisa Group specialised in hydrogen and renewable energy production and distribution facilities, have started a collaboration aimed at promoting hydrogen mobility through the construction of refuelling stations for cars, buses and trucks.

After signing a memorandum of understanding, the two companies are evaluating infrastructure initiatives to enable the use of hydrogen in the transport sector in Italy. The first initiative is a joint expression of interest in response to a request from the Institute for Technological Innovation (IIT) in Bolzano for the construction of new refuelling stations along the Brenner motorway (A22).

Snam4Mobility and Wolftank Hydrogen plan to combine their respective competences in the technological and infrastructural fields soon with concrete and binding agreements to promote the introduction of hydrogen as a green and renewable carrier for the decarbonisation of transport. Both companies are members of the European Clean Hydrogen Alliance ( http://ech2a.eu). Currently, there is only one public refuelling station for hydrogen vehicles in Italy, in Bolzano, which was built in 2012.

Snam will be able to use the know-how acquired in the hydrogen sector, also through its own business unit, to develop sustainable mobility projects. The company's strategic plan is to build a sustainable refuelling infrastructure of at least five hydrogen stations by 2024.
Wolftank Hydrogen expects strong growth in the market for hydrogen refuelling stations in Europe and worldwide, as several non-European countries and states such as Japan, China and California plan to put one million fuel cell electric vehicles (FCEVs) each on the road by 2030, with the associated need for production and logistics infrastructure.

Key competencies will be storage and management of process software for compression, temperature control and dispensers.

Wolftank Hydrogen and Snam4Mobility are in concrete discussions aimed at expanding the cooperation to the neighbouring markets of Germany, Austria and Switzerland.

About SNAM S.p.A:
Snam S.p.A. owns and operates the Italian natural gas distribution network. The company transports gas on behalf of importers, distributors and companies supplying Italian households. Snam owns a network of high and medium pressure pipelines, including trunk pipelines, connected to production and import sites in Italy.

Snam S.p.A.'s shares are listed on the Milan Stock Exchange and are part of the Italian benchmark stock index FTSE MIB.

About Wolftank-Adisa Holding AG:
Wolftank-Adisa Holding AG is the parent company of an international group of companies focusing on environmental protection services for polluted soils, facilities and waters, remediation and monitoring of (large) tank facilities, as well as full-service engineering services for (LNG and hydrogen) tank facilities. The company is active worldwide and has various patented application technologies using its own high-tech epoxy resins.
The shares of Wolftank-Adisa Holding AG (WKN: A2PBHR; ISIN: AT0000A25NJ6) are traded on Xetra, the Munich, Frankfurt and Stuttgart stock exchanges and are also listed in the direct market plus segment of Wiener Börse AG.

Interested parties can also find further information on Wolftank-Adisa Holding AG's internal website at http://wolftank-holding.com.

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emitter: Wolftank-Adisa Holding AG
address: Grabenweg 58, 6020 Innsbruck
country: Austria
contact person: Dr. Peter Werth
phone: +43 512 341819
e-mail: peter.werth@wolftank-holding.com
website: www.wolftank.com

ISIN(s): AT0000A25NJ6 (share)
stock exchanges: direct market plus in Vienna
other stock exchanges: Freiverkehr in Frankfurt, m:access in München

[ source: http://www.pressetext.com/news/20210423028 ]

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