Technip Energies has signed a key agreement with Abu Dhabi-based National Petroleum Construction Company (NPCC) to jointly drive energy transition projects in the United Arab Emirates and elsewhere in the Middle East.
Technip Energies said on Wednesday that the memorandum of understanding (MoU) aims “to explore and capitalise” on the evolving opportunity in the energy transition space and to “provide added value services”.
“Technip Energies and NPCC will create a joint venture to drive the energy transition journey,” it said.
The agreement between the two engineering, procurement and construction players was signed at the Gastech conference in Dubai.
Paris-headquartered Technip Energies said the “strategic partnership will focus on capturing opportunities in energy transition and on fostering the best engineering practices".
“It will also enhance cooperation in blue and green hydrogen and related decarbonisation projects, CO2 capture, in addition to industrial projects in the fields of waste-to-energy, biorefining, biochemistry [and] ammonia,” the contractor added.
Technip Energies chief executive Arnaud Pieton said: “The partnership will encompass the right mix of identification capability for concrete opportunities like CO2 capture, blue/green hydrogen and ammonia, of technology know-how... to accelerate the transition towards a low-carbon society.”
The company said that with the global commitment to energy transition and decarbonisation, there is an “unprecedented momentum in the industry for clean energy".
While Technip Energies plans to bring in “technological know-how, overall project management capabilities”, NPCC is expected to add on with its “project management skills for EPC projects, its regional footprint and its fabrication capabilities".
NPCC chief executive Ahmed Dhaheri said the “strategic MoU” would accelerate the company’s decarbonisation commitment and will support the nation’s climate change action initiatives, in line with its long-term sustainable development vision.