Saipem and Capsol partner on industrial-scale CO2 capture solutions
Saipem and Capsol Technologies ASA, a leading provider of carbon capture technology, have entered into a non-exclusive cooperation agreement in the field of carbon capture. Specifically, the agreement focuses on the joint development of projects of mutual interest in the hot potassium carbonate (HPC) segment, with the aim of capturing the opportunities offered by a growing market.
The agreement provides for a structured collaboration that combines Capsol’s efficient and cost-competitive CO2 capture technology with Saipem’s well-established expertise in delivering complex energy projects, to offer large industrial emitters a reliable, fully integrated, fast and easy to implement solution, particularly for hard-to-abate and energy sectors.
The partnership builds on the experience gained from the large-scale bioenergy carbon capture and storage (BECCS) plant project for Stockholm Exergi, currently under construction, for which Saipem is the EPC contractor and which uses Capsol’s technology. Building on this already established collaboration, the two companies intend to further strengthen their respective offerings for industrial customers interested in deploying large-scale HPC based CO2 capture solutions.
The agreement also enables both companies to collaborate on selected bids and tenders where appropriate and mutually agreed, offering a comprehensive package that integrates technology, optimized design, standardized and modularized solutions, and execution capabilities.
Working with leading EPC providers is a central part of Capsol’s strategy to make carbon capture easier to buy and Saipem is a great fit into this approach. Saipem’s world class project delivery capabilities, combined with Capsol’s proven and cost-leading technology, will target a wider audience of emitters and accelerate deployment.
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