Italy’s Saipem has signed a collaboration agreement with Elkem of Norway to evaluate new opportunities in the entire CO2 capture and storage chain.
Saipem on Tuesday confirmed it had signed a feasibility study agreement for the decarbonisation business with Elkem, a world leader in the sustainable production of cutting-edge metals and materials.
The duo will assess and identify possible development plans and design solutions, based on the proprietary technology of the recently acquired Canadian CO2 Solutions, for a CO2 capture plant that is also equipped with liquefaction processes and facilities for cargo ship transport of the carbon dioxide collected by Equinor’s Northern Lights offshore CCS project, in Norway.
“Decarbonisation represents one of the major avenues for the energy transition, together with hydrogen and renewable energies and, of course, gas which will be the commodity that will accompany us for the next few years,” said Maurizio Coratella, chief operating officer of Saipem's onshore E&C division.
"This is why we are increasingly setting our sights on collaborations in the sector, such as this one with Elkem which will allow us to present our bio-catalysed technology for the benefit of the production of zero impact metals.”
The Italian contractor’s CO2 solution is an enzymatic carbon capture technology that is claimed to bring unique environmental and operational advantages – the technology provides a disruptive alternative to conventional CO2 capture solutions, according to Coratella.
“Saipem has the skills and capabilities to master the entire CO2 capture and storage chain thanks to our solid background in capture technology, pipeline fluid transport over long distances, and onshore and offshore CO2 injection drilling, qualities that will be of fundamental importance in the near future,” he added.
Saipem is already involved in the Northern Lights project, for which it recently completed a feasibility study on the subsea transport of CO2.