UAE-based National Petroleum Construction Company (NPCC) has signed an agreement with France-based leading engineering and technology company Technip Energies in order to establish a new company, NT Energies.
Headquartered in Abu Dhabi, the new joint venture NT Energies intends to support the energy transition in the UAE.
“The key objective is to provide 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,” said the Emirati group in its statement.
NT Energies 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.
“We are excited to sign this agreement with Technip Energies, a pioneer in the energy transition industry. The new joint venture aims to promote a culture of sustainability and supports the best environmental practices in light of our rational government’s commitment to moving toward clean energy sources. By combining Technip Energies’ technological know-how, overall project management capabilities and global footprint, and NPCC’s project management skills for EPC projects, regional footprint, and fabrication capabilities, NT ENERGIES LLC will bring to the table added value services in hydrogen and related decarbonization projects and CO2 capture in the UAE, the region and North Africa.”
Eng. Yasser Zaghloul, the Group Chief Executive Officer at National Marine Dredging Group, said that, “The new agreement reaffirms the commitment of NPCC, a subsidiary of National Marine Dredging Company (The Group), to support energy transition and decarbonization in line with the UAE’s strategy to take positive and effective climate change actions to ensure a decarbonized future.”
“This partnership with NPCC marks a new milestone in our journey to accelerate the energy transition and limit climate change. We are very proud to have signed this agreement with such a recognized leader and long-standing partner with whom we have delivered many key energy projects,” noted Mr. Arnaud Pieton, CEO of Technip Energies.