Technip Energies and Shell Catalysts & Technologies strengthened alliance on CCS technology
PARIS--(BUSINESS WIRE)-- Technip Energies (Paris:TE) (ISIN:NL0014559478) and Shell Catalysts & Technologies are building on their successful track record of collaboration by strengthening their strategic alliance, which aims to drive cost-effective, large-scale carbon capture and storage (CCS) projects by providing a combination of state-of-the-art technology and project management excellence.
The strategic alliance consists of an integrated collaboration for the joint promotion, marketing, licensing and execution of projects using Shell’s CANSOLV(1) CO2 capture system technology, resulting in lower Capex and Opex for clients.
The two organizations, which have been working together since 2012, share a common objective of contributing to the acceleration of the energy transition. By enhancing their collaboration, they have the ambition to efficiently address the rapidly growing CCS market and the strong need for affordable and proven solutions.
In addition to its CANSOLV technology, Shell Catalysts & Technologies brings to the alliance substantial CCS experience gained from supporting Shell’s projects. Technip Energies, which also has a significant CCS track record, brings end-to-end project delivery experience in front-end-engineering design (FEED), engineering, procurement and construction (EPC), commissioning and start-up, and life-of-asset services. As an example of this collaboration, Technip Energies was recently awarded an EPC contract by Hafslund Oslo Celsio for a world-first CCS project at waste to energy plant located in Oslo, Norway, leveraging Shell’s CANSOLV(1) CO2 capture system technology.
Arnaud Pieton, CEO of Technip Energies, stated: “Both organizations are recognized global energy leaders, bringing complementary skills for CCS and sharing a similar, bold energy transition vision. Strengthening our collaboration will help to drive CCS affordability by developing industrial-scale solutions. This will support the growing demand for CCS across industries and geographies and will help us to make a significant contribution to a sustainable future.”
Yuri Sebregts, Executive Vice President of technology of Shell, said: “Our current cooperation has already unlocked several highly significant improvements. For example, we were able to find ways to make the CANSOLV technology less energy intensive and developed opportunities to modularise and standardise solutions. Consequently, we are able to offer lower capital and operating costs to our customers.”
In June 2022, Technip Energies joined Shell’s Energy Transition Campus Amsterdam (ETCA) to form a joint, co-located delivery team. This followed Shell’s move to transform the site, previously known as Shell Technology Centre Amsterdam, into an open innovation campus and to invite external parties to co-locate there and work together on solutions for cleaner energy. Over the next few years, the joint team stationed at ETCA will continue to work towards achieving strong improvements in cost reduction through joint value delivery and improvement programs.
(1) CANSOLV is a Shell trademark.
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Technip Energies and Shell Catalyst strengthened alliance on CCS
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