Saipem, Valmet to Develop Decarbonization Solutions

Green Solutions Saipem, Valmet to Develop Decarbonization Solutions

2024-01-03 Source: Press release Saipem 1 min Reading Time

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Under a MOU signed between both the parties, Saipem and Valmet will jointly develop decarbonization solutions for hard-to-abate industries. Saipem will combine its CO2 management technologies with Valmet’s heat recovery and flue gas treatment units for the pulp, paper and energy sectors.

Both Saipem and Valmet are engaged to support customers along their Net Zero journey.(Source: Pixabay) — Both Saipem and Valmet are engaged to support customers along their Net Zero journey.
(Source: Pixabay)

Milan/Italy – Saipem and Valmet have signed a Memorandum of Understanding (MOU) to develop joint solutions to decarbonize the industrial sectors that face significant challenges in reducing their greenhouse gas emissions, also known as hard-to-abate industries.

The companies will collaborate to offer effective solutions combining Saipem’s technologies for CO2 management with the heat recovery and flue gas treatment units engineered and produced by Valmet for the pulp, paper and energy segments, thus bringing integrated and flexible options to their customers in both existing and new facilities.

Both Saipem and Valmet are engaged to support customers along their Net Zero journey and are distinctively placed to ensure effective end-to-end CO2 management for carbon emission-intensive industries.

Fabrizio Botta, Chief Commercial Officer at Saipem, commented: “Technology is the key to successfully tackle the decarbonization of hard-to-abate sectors. Together with Valmet, our ambition is to integrate processes and technologies, providing clients with an end-to-end decarbonized solution in line with their Net Zero targets. This MOU expands Saipem’s portfolio of energy transition innovations, further strengthening our unique ability to cover the entire CO2 capture, re-utilization and storage value chain, through our drilling, onshore and offshore know-how, assets and technologies”.

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