Technip and NPCC to Establish a JV to Accelerate Energy Transition

Hydrogen and Decarbonization Technip and NPCC to Establish a JV to Accelerate Energy Transition

2022-07-21 Source: Press release MA Alexander Stark

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A new joint venture established by Technip Energies and the National Petroleum Construction Company will support the energy transition in the United Arab Emirates by providing services for hydrogen and decarbonization projects.

A Joint Venture between Technip and NPCC has been established to offer added value services in hydrogen and related decarbonization projects and CO2 capture.(Source: Business Wire) — A Joint Venture between Technip and NPCC has been established to offer added value services in hydrogen and related decarbonization projects and CO2 capture.
(Source: Business Wire)

On the sidelines of UAE President Mohammed Bin Zayed Al Nahyan’s visit to Paris, Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation and Catherine Colonna, Minister for Europe and Foreign Affairs witnessed the signing of an agreement to establish a new joint company between National Petroleum Construction Company (NPCC), a subsidiary of National Marine Dredging Company, and Technip Energies.

Headquartered in Abu Dhabi, the new joint venture NT Energies aims to support energy transition in the UAE, the broader Middle East region and North Africa by providing added value services in blue and green hydrogen and related decarbonization projects, CO₂ capture in addition to industrial projects in the fields of waste-to-energy, biorefining, biochemistry, as well as other energy transition related themes.

The new joint venture will also provide onshore and offshore oil and gas fields and facilities services, building and energy efficiency services, oil tanks installation and repair, installation, maintenance and manufacturing of alternative energy equipment as well as oil and gas facilities consultancy and engineering consultations on alternative energy and research.

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