France-headquartered Technip Energies and Abu Dhabi’s National Petroleum Construction Company (NPCC) have agreed to set up a joint venture focused on energy transition opportunities in the Middle East and North Africa.
NPCC said on Tuesday that the joint ventiure agreement was signed on the sidelines of United Arab Emirates’ President Sheikh Mohamed Bin Zayed Al Nahyan’s state visit to France.
The company said that the Abu Dhabi-based NT Energies venture will provide “added value services” in blue and green hydrogen and related decarbonisation projects, carbon capture and other energy transition-related themes.
A subsidiary of the Abu Dhabi state-owned National Marine Dredging Company (NMDC), engineering and construction giant NPCC operates an offshore fabrication facility in Mussafah, Abu Dhabi, covering 1.3 million square metres, with a fabrication capability of up to 100,000 tonnes per annum of structural steel.
NPCC chief executive Ahmed Al Dhaheri said the joint venture combines Technip Energies’ technological know-how, overall project management capabilities and global footprint, and NPCC’s project management and fabrication capabilities.
“NT Energies LLC will bring to the table added value services in hydrogen and related decarbonisation projects and CO2 capture in the UAE, the region and North Africa,” he said.
Technip Energies chief executive Arnaud Pieton said the partnership with NPCC marks a new milestone in its journey to accelerate the energy transition and limit climate change.
“By sharing the experiences, capabilities, and know-how of our companies, we are confident that NT Energies will be able to rapidly bring to life the energy transition infrastructures that the UAE and MENA region require both domestically and for exports,” he said.
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