The Gastech 2021 industry conference had another highlight this Tuesday. Technip Energies, along with the National Petroleum Construction Company (NPCC), announced the launching of a joint venture.
The initiative aims at capturing opportunities for the energy transition in the United Arab Emirates and other countries of the MENA region.
Both companies COE’s signed the Memorandum of Understanding on September 21, during the conference. NPCC CEO Eng Ahmed Dhaheri, and Technip Energies CEO Arnaud Pieton, agreed to explore and capitalize on the evolving opportunity that the energy transition represents.
Moreover, the MoU will leverage decades of the existing collaboration between both companies. This will bring complementary value to the JV. On the one hand, Technip Energies will bring its technological know-how; overall project management capabilities and innovative solutions from the early stage to project delivery.
While NPCC will bring its project management skills for EPC projects, its regional footprint, and its fabrication capabilities. Overall, the partnership will focus on further advancing blue and green hydrogen and related decarbonization projects; CO2 capture; industrial projects in the fields of waste-to-energy, biorefining, biochemistry; also, ammonia and others.
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CEO’s words during the Gastech Conference 2021
Moreover, Pieton, CEO of Technip Energies, said. “We are proud to have signed this partnership with NPCC, a long-standing and trusted partner with whom we have executed several landmark projects.”
He also remarked. “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.”
On the other hand, Dhaheri, CEO of NPCC, said. “Aligned with the market and policy trends, NPCC aims to be a leader in meeting the end-to-end EPC requirements of the energy sector while promoting a culture of sustainability.”
Finally, he underlined. “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.”