Offshore fabricator Rosetti Marino has signed a memorandum of understanding with US technology giant Baker Hughes aimed at exploring the possibility of carbon capture, storage and utilisation (CCUS) projects in Italy.

Ravenna-based Rosetti signed the agreement with Baker Hughes’s Italian entity Nuovo Pignone.

The pair said they are committing to jointly developing CCUS projects and developing the capabilities of the Italian supply chain for energy transition projects.

"We support the progress of energy with our technology, making it safer, cleaner and more efficient for both people and the planet, with the aim of total reduction of carbon emissions and a sustainable energy future," said Baker Hughes chief executive Lorenzo Simonelli.

"This is an ambitious goal, which will require a significant acceleration of technological development and which, in order to meet the global energy demand, cannot ignore the responsible and efficient use of energy sources.

“The zero emissions goal can be achieved through a collaborative effort that engages the entire supply chain and Italy has great potential to be a key part of it."

Oscar Guerra, chief executive of Rosetti Marino, said: "Our company represents Italian talent applied to engineering and today we are happy to share this moment dedicated to innovation and sustainability with Baker Hughes.

“We are convinced that the Italian supply chain can make a great effort in supporting the energy transition process underway both globally and in our country where we can be protagonists able to give a significant contribution.”