Technip Energies and PETRONAS to accelerate the development of carbon capture technologies
Technip Energies and PETRONAS have signed a Heads of Agreement (HOA) establishing a strategic collaboration framework for the further development and commercialization of carbon capture technologies.
These include PETRONAS’ Rotating Pack Bed assisted cryogenic CO2 recovery technology (CryoMin), and membrane based CO2 recovery technology (PN2).
Technip Energies and PETRONAS are committed to accelerating the transition to a net-zero carbon future through increasing innovation and fostering active technology collaborations.
Both companies will work together on furthering the development of carbon capture technologies as well as the associated services and equipment, in order to help operators reduce their assets’ carbon emissions in a sustainable manner.
Arnaud Pieton, CEO of Technip Energies, commented: “Collaboration is vital across the industry to accelerate energy transition. We are proud to have signed this strategic partnership with PETRONAS, a long-standing client and partner which has in the past entrusted Technip Energies to design and deliver some of its most iconic assets. This new partnership extends our historical collaboration with PETRONAS into technology development within energy transition, calling on Technip Energies’ extensive capabilities on decarbonization technologies. It will generate unique synergies by combining Technip Energies’ and PETRONAS’ respective experiences in the development of essential technologies for the capture and management of CO2. I trust that the technologies that we will co-develop and commercialize will serve the decarbonization efforts of PETRONAS and other clients extensively.”
Bacho Pilong, Senior Vice President of Project Delivery and Technology at PETRONAS,said: “PETRONAS leverages on innovations in a holistic approach towards its Net Zero Carbon Emissions 2050 aspiration and has identified carbon capture, utilization and storage (CCUS) technologies among core enablers towards achieving the ambition. We are excited about the many possibilities to be created under this collaboration between two companies equally passionate about advancing technologies that will mutually progress our sustainability agenda.
We also hope our synergy and the ensuing successes will spur similar partnerships that meet the triple bottom lines of profit, people and the planet for a better tomorrow”.
Liebherr will be expanding its use of Neste MY Renewable Diesel™ to its plant in Kirchdorf where the company develops and manufactures annually approximately 2,500 ...
Technip Energies and Iowa Corn announced that the Iowa Corn Promotion Board (ICPB) and Technip Energies have signed an Asset Purchase Agreement under which Technip Energies ...
Three additional companies have announced their support for exploring the implementation of large-scale carbon capture and storage (CCS) technology in and around the ...
Diamond Green Diesel LLC and Burns & McDonnell Reach Construction Milestone for Port Arthur Renewable Diesel Facility Diamond Green Diesel LLC (DGD), a joint venture ...
Toyo Engineering Corporation and SCG Chemicals in Thailand entered into a memorandum of understanding (MOU) relating to the joint collaboration of improving the process, ...
Aggreko is proud to announce we have completed commissioning of the largest flare gas to power project in the Middle East to date at 165 MW capacity. The plant is situated ...
LyondellBasell, the world’s largest licensor of polyolefin technologies, today announced that PT Polytama Propindo will use the LyondellBasell Spheripol technology ...
Lummus Technology announced it has been awarded a contract from LUKOIL Permnefteorgsintez for a new integrated methyl tertiary butyl ether (MTBE) and alkylation plant ...
Today, LanzaJet, a sustainable fuels technology company and renewable fuels producer, announced it has secured financing for its Freedom Pines Fuels plant in Soperton, ...
Tecam, a leading supplier of environmental technology, announces that it has been awarded a new project for Volatile Organic Compounds (VOC) vapour recovery at a petrochemical ...