MHI to collaborate with Saipem for CO2 capture technologies

MHI to collaborate with Saipem for CO2 capture technologies

MHI will take the lead in developing the CCUS market toward achieving a carbon neutral society by signing agreement with Italy’s Saipem

  • By ICN Bureau | April 29, 2023

Mitsubishi Heavy Industries, Ltd. (MHI) has concluded a General License Agreement (GLA) with Saipem, one of major engineering companies in Italy, under which MHI will provide Saipem with its proprietary “KM CDR Process” and “Advanced KM CDR Process” technologies for use in CO2 capture plants. Both technologies were jointly developed with The Kansai Electric Power Co., Inc.

Saipem is a leading global solution provider that performs engineering, procurement, construction and project management in the energy and infrastructure sector.

The strategic new tie-up is aimed at expanding sales of CO2 capture plants to Saipem’s core business fields especially in Europe and the Middle East, where demand of decarbonization would be increasing in the years ahead. With ability to accommodate numerous projects, MHI looks to ensure a leading position in the developing global CCUS market. The newly expanded collaboration with Saipem can be expected to further advance MHI’s global CCUS strategy in addition to other partnerships MHI has formed over the years globally.

Fabrizio Botta, Saipem's Chief Commercial Officer, commented: “This agreement, signed with a key partner such as Mitsubishi Heavy Industries, allows Saipem to combine its expertise and track-record in designing and building Upstream, Mid-stream and Downstream facilities with the most advance post-combustion technology for large plants. This enables Saipem to further consolidate its position and expand its portfolio of solutions in the decarbonisation sector”.

Kenji Terasawa, CEO and Head of Engineering Solutions said: “We are pleased to be partnering with Saipem, with whom we have had a longstanding relationship in other fields, in the CO2 capture business. With this agreement, we would like to collaborate with Saipem for numerous projects in Europe and the Middle East etc., to lead a global CCUS market growth as an innovative solutions provider. We will accelerate the CO2 capture business and create CCUS value chain in order to achieve a carbon neutral society.”

MHI has declared MISSION NET ZERO to achieve carbon neutrality by 2040, and the company is now undertaking strategic initiatives toward decarbonizing the energy supply side.

Register Now to Attend NextGen Chemicals & Petrochemicals Summit 2023 on 13-14 July 2023, Novotel Mumbai International Airport, Mumbai

Other Related stories