PARIS–(COMMERCIAL THREAD) – Regulatory news:
Technip Energies (PARIS: TE) and National Petroleum Construction Company (NPCC), a subsidiary of National Marine Dredging Company, signed a Memorandum of Understanding (MoU) to advance the energy transition in the United Arab Emirates (UAE) and in other countries in the MENA region.
The MoU was signed during the GASTECH conference on September 21 by NPCC CEO Eng Ahmed Dhaheri and Technip Energies CEO Arnaud Pieton in the presence of senior officials from both companies.
With the commitment to energy transition and decarbonization, there is unprecedented momentum in the clean energy industry. The objective of this agreement is to explore and capitalize on this evolving opportunity and provide value added services. Technip Energies and NPCC will create a Joint Venture (JV) to lead the energy transition journey.
With more than three decades of existing collaboration, the two entities will bring additional added value to the JV. While Technip Energies will bring its technological know-how, its global project management capacities and its innovative solutions from the initial stage to the delivery of the project, NPCC will bring its project management skills for EPC projects, its regional footprint and its capacities. Manufacturing.
The strategic partnership will focus on seizing opportunities in the energy transition and promoting best engineering practices. It will also strengthen cooperation in blue and green hydrogen projects and related decarbonization projects, CO2 capture in addition to industrial projects in the fields of energy recovery from waste, biorefining, biochemistry, ammonia as well as other topics related to energy transition.
Arnaud Pieton, CEO of Technip Energies, noted: “We are proud to have signed this partnership with NPCC, a long-standing and trusted partner with whom we have carried out several flagship projects. We have always believed in sharing technical knowledge, technologies and skills that would contribute to the overall growth and well-being of host countries and have followed the path of In Country value creation. This partnership will encompass the right mix of identification capabilities for concrete opportunities such as CO2 capture, blue / green hydrogen and ammonia, technological know-how, technical capabilities, global and local execution experience and financial strength to provide holistic solutions to accelerate the transition to a society low carbon emission.
Yasser Zaghloul, CEO of the NMDC group, declared: “The UAE is committed to taking positive action against climate change and leading a strong energy transition strategy for a carbon-free future. This requires concerted efforts by all organizations to step up action to reduce carbon emissions through technologies such as carbon capture and harnessing the potential of hydrogen. As a national champion company committed to the nation’s goals, NMDC’s subsidiary, NPCC, is stepping up its efforts to support the nation and region in energy transition initiatives. The partnership with Technip Energies will further accelerate this.
Eng Ahmed Dhaheri, CEO of NPCC, noted: “Aligned with 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. Having committed to promoting good environmental practices, we will continue to focus on strengthening our energy transition strategies through our MoU with Technip Energies, a partner of choice for NPCC for its expertise in the field. We share more than three decades of cooperation on many megaprojects and will continue to share best practices. This strategic memorandum of understanding will not only accelerate our commitment to decarbonization, but will also support national climate change action initiatives and the long-term sustainable development vision.
About Technip Energies
Technip Energies is a leading Engineering and Technology company for the energy transition, with leading positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing positions in the liquefied natural gas (LNG) market. ‘blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by an extensive offering of technologies, products and services.
Present in 34 countries, our 15,000 employees are fully committed to bringing our customers’ innovative projects to life, pushing back borders to accelerate the energy transition for a better future.
Technip Energies is listed on Euronext Paris with American certificates of deposit (âADRâ) traded over-the-counter in the United States.
For more information: www.technipenergies.com.
NPCC (National Petroleum Construction Company), headquartered in Abu Dhabi, United Arab Emirates (UAE), is a world-class engineering, procurement and construction company providing comprehensive EPC solutions to the oil and gas industry offshore and onshore.
NPCC is a subsidiary of National Marine Dredging, NPCC provides engineering, procurement, project management, manufacturing, installation and commissioning services to project owners and operators.
Since its inception in 1973, NPCC has expanded its geographic footprint globally and today operates in the Persian Gulf, South Asia and Southeast Asia, and plans to expand its operations in Africa and the Caspian region.
NPCC has built strong relationships with major operating companies (OPCO), national oil companies (NOC) and international oil companies (IOC), and has a team of over 1,200
engineers, based in four engineering centers in Abu Dhabi – United Arab Emirates, Mumbai and Hyderabad – India, and La Ciotat – France.
NPCC’s state-of-the-art manufacturing plant in Mussafah, Abu Dhabi covers an area of ââ1.3 million square meters, and the yard can manufacture up to 100,000 metric tons (MT) of structural steel per year. The company has a fleet of 23 offshore vessels equipped with modern facilities to support its shallow and deep water operations. It can lift structures weighing up to 4,200 MT and is also equipped for laying submarine cables and pipelines, up to 66 inches in diameter; in water depths of 10 to 2000 meters.
As of March 2019, the NPCC had completed more than 1,216 EPC projects, laid over 6,261 km of pipeline and 1,515 km of submarine cables, and installed more than 1,360 structures.
Important information for investors and security holders
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