Wednesday 20 October 2021
 
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Technip Energies, NPCC set up JV for regional energy projects

ABU DHABI, 27 days ago

Technip Energies, a leading engineering and technology group and a unit of project management major Technip, has joined hands with National Petroleum Construction Company (NPCC) to set up a new venture that will provide value-added services for the energy projects in Middle East and North Africa.
 
With more than three decades of existing collaboration, both entities will bring complementary added-value to the joint venture company. 
 
While Technip Energies will bring its technological know-how, overall project management capabilities and innovative solutions from the early stage to project delivery, NPCC will offer its project management skills for engineering, procurement and construction (EPC) projects, its regional footprint and its fabrication capabilities.
 
NPCC, a subsidiary of National Marine Dredging company, said the strategic partnership will focus on capturing opportunities in energy transition and on fostering the best engineering practices. 
 
The Technip Energies JV will drive the energy transition journey in the region and also boost cooperation in blue and green hydrogen and related decarbonisation projects, CO2 capture in addition to industrial projects in the fields of waste-to-energy, biorefining, biochemistry, ammonia as well as other energy transition related themes.
 
The MoU is aimed at advancing energy transition in the UAE and other countries in Mena, said NPCC CEO Engineer Ahmed Dhaheri after signing the deal with Technip Energies CEO Arnaud Pieton at the Gastech conference in the presence of senior officials of both companies.
 
With the commitment to energy transition and decarbonisation, there is an unprecedented momentum in the industry for clean energy. The aim of this agreement is to explore and capitalise on this evolving opportunity and to provide added value services, he stated. 
 
Dhaheri said: "Aligned with the 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 environment best practices, we will continue to focus on strengthening our energy transition strategies through our MoU with Technip Energies, a partner of choice of NPCC for their expertise in the field."
 
"We share over three decades of cooperation on numerous mega projects and will continue to share best practices. This strategic MoU will not only accelerate our decarbonisation commitment but also support the nation’s climate change action initiatives and the long-term sustainable development vision," he added.
 
Pieton expressed delight in its tieup with NPCC, a long standing and trusted partner with whom Technip Energies had executed several landmark projects. 
 
"We have always believed in sharing technical knowledge, technologies and competencies that would contribute to the overall growth and wellbeing of host countries and followed the path of creating In Country Value," he noted. 
 
"This partnership will encompass the right mix of identification capability for concrete opportunities like CO2 capture, blue/green hydrogen and ammonia, of technology know-how, technical capabilities, global and local execution experience and financial strength for providing holistic solutions to accelerate the transition towards a low-carbon society," he added.
 
NMDC Group CEO Yasser Zaghloul said: "The UAE is committed to taking positive climate change action and drive a robust energy transition strategy for a decarbonised future."
 
"This calls for concerted efforts by all organisations to take step up measures to reduce carbon emissions through technologies such as carbon capture and tapping the potential of hydrogen," he stated.-TradeArabia News Service



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