Japanese engineering and construction firm Chiyoda has signed a cooperation agreement with Italian-based Archimede Solar Energy (ASE) for the development of CSP projects in the Middle East and North African (MENA) regions. This will be Chiyoda’s first venture in the CSP plant market with its experience mainly found in developing petroleum and petrochemical industrial plants.
Chiyoda plans to become an IPP developer using ASE’s proprietary molten salt CSP technology. ASE maintains that it is the only global producer of commercially available solar receiver tubes, which use solar thermodynamic plants that run with parabolic trough technology using sodium and potassium nitrate as their heat transfer fluid.
Although a development timeline was not released, the companies advised that they are dedicated to realizing CSP plants using the molten salt receiver tubes in the MENA region.