Technip Energies announced that that it has signed a Memorandum of Understanding (MoU) with National Petroleum Construction Company (NPCC) to provide support for the United Arab Emirates’ (UAE) energy transition, in addition to other countries in the MENA region, a press release from Technip Energies stated.
The agreement was signed by NPCC CEO Ahmed Dhaheri and Technip Energies CEO Arnaud Pieton at the GASTECH conference, with senior officials of both companies present. With the main objective of this MoU being to capitalize on promising opportunities available in today’s market, Technip Energies and NPCC will setup a Joint Venture (JV) for the energy transition.
According to Technip Energies’ statement, the scope of cooperation involved in this new agreement will include blue and green hydrogen decarbonization projects and CO2 capture. This collaboration will also include various industrial projects in areas, such as waste-to-energy, biorefining, biochemistry, ammonia, and much more.
In this regard, Technip Energies CEO Arnaud Pieton said “this partnership will encompass the right mix of identification capability for concrete opportunities like CO2 capture, blue/green hydrogen and ammonia, of technology know-how, technical capabilities, global and local execution experience and financial strength for providing holistic solutions to accelerate the transition towards a low-carbon society.”
Commenting on the MoU, NMDC’s Group CEO Yasser Zaghloul, also stated “the UAE is committed to taking positive climate change action and drive a robust energy transition strategy for a decarbonized future. The partnership with Technip Energies will further accelerate this.”
For his part, NPCC CEO Ahmed Dhaheri said “This strategic MoU will not only accelerate our decarbonization commitment but also support the nation’s climate change action initiatives and the long-term sustainable development vision.”