The company is expanding its presence in the manufacturing sector and consolidating its efficiency model for energy-intensive industrial sites.

Milan, 12 May 2026 – GETEC, one of Europe’s leading providers of decarbonised energy and infrastructure solutions, will manage the cogeneration plant serving the Favini paper mill in Rossano Veneto (VI) under a ten-year contract, ensuring maximum levels of availability, efficiency, and energy performance. The transaction covers the cogeneration asset and the related energy service contract with the production site. 

With this acquisition, GETEC, a leader in energy services for the German paper industry, enters the Italian paper industry, strengthening its presence in the manufacturing sector and consolidating its role as an energy partner for companies committed to energy efficiency and a sustainable transition.

“This transaction represents a strategic step for GETEC in Italy,” stated Giovanni Pontrelli, CEO of GETEC Italia. “The partnership with the Favini Group, a leader in the production of specialty papers, strengthens our growth trajectory through long-term collaborations and consolidates our role alongside the industry with efficient, reliable, and sustainable energy solutions.”

At the heart of the project is a high-efficiency cogeneration plant with an electrical output of approximately 4.7 MW, which became fully operational in early 2025. It consists of a natural gas-fired gas turbine and a waste heat steam generator with a post-firing system. This technology enables the simultaneous production of electricity and steam, maximising the efficiency of the generation process. Thanks to the recovery of heat generated during electricity production, the thermal energy produced is used directly in the paper mill’s production process. The plant produces 100 GWh/year of thermal energy in the form of steam and 37 GWh/year of electricity. All the steam generated is used in the paper production process, and the electricity produced covers 100% of the paper mill’s needs.

The cogeneration plant achieves an overall efficiency of 96%, resulting in approximately 26% savings in primary energy compared to separate production of electricity and heat using traditional systems. This enhancement translates into a significant reduction in energy consumption and fossil fuel use, greater security of supply, and a reduction in CO₂ emissions of over 10,800 tonnes per year, calculated according to the primary energy savings assessment methodology established for High-Efficiency Cogeneration (CAR) pursuant to Ministerial Decree of 4 August, 2011, as amended. This environmental benefit corresponds, in indicative terms, to the amount of CO₂ absorbed annually by over 170,000 medium-sized trees in a temperate climate.

The plant makes the Favini site essentially energy self-sufficient, ensuring operational continuity and high efficiency. Management is entrusted to a dedicated team that provides constant monitoring 24 hours a day, 7 days a week, 365 days a year, to guarantee operational continuity and maximum plant performance.

“We are proud to launch a partnership that generates shared value built on concrete foundations and a long-term vision. The plant guarantees a stable energy supply and solid profitability, with a contractual model that ensures operational continuity, cost stability, and support for decarbonisation for the Favini Group,” states Stefano Bevilacqua, GETEC Sales Director.

“This cogeneration plant represents another step in our journey toward a more efficient and sustainable production model. Paper production is a process that requires both electricity to power the machinery and heat in the form of steam for drying. Cogeneration allows us to meet both of these needs in an integrated and efficient manner,” states Eugenio Eger, CEO of Favini.

Favini, a historic company headquartered in the Vicenza area in Italy, is a leading player in the specialty paper market, a segment with a strong presence in high-end printing and luxury packaging. In this context, cogeneration serves as a strategic lever to improve energy efficiency and reduce the environmental impact of production processes.

The acquisition ensures full operational continuity in the management of the plant. Monitoring and technical management activities will continue without interruption, with an operational team dedicated to the infrastructure’s operations and supported by the GETEC energy management expertise.

About Favini
Favini is a global leader in the creation of innovative graphic specialities made from natural raw materials (cellulose, algae, leather, denim, cotton and wool, fruits, and nuts) for the packaging of products manufactured by the most important international groups in the luxury and fashion sectors. Furthermore, Favini is a global leader in the design and production of release media—that is, creative and technical moulds used to produce synthetic materials for the fashion, design, and technical sports apparel sectors. It also operates in the paper products segment, which includes activities related to the creation and production of stationery items for school, leisure, and office use. Favini has over 600 employees and two plants, in Rossano Veneto (VI) and Crusinallo (VB).