UAE-based oil and gas engineering service provider National Petroleum Construction Company (NPCC) has signed a Memorandum of Understanding (MoU) with the French engineering & technology company Technip Energies to accelerate energy transition in Emirates and other countries in the MENA region.
There is unprecedented momentum in the industry for clean energy with the commitment to energy transition and decarbonization. The goal of this deal is to explore and capitalize on this evolving opportunity and offer added value services. Further, Technip Energies and NPCC will establish a Joint Venture (JV) to accelerate the energy transition journey.
According to the company, both firms will provide complimentary added value to the JV, as they have worked together for more than three decades. NPCC will provide its project management skills for EPC projects, while Technip Energies will bring its technological know-how, overall project management capabilities, and innovative solutions from early-stage to project delivery.
“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 environmental 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 megaprojects and will continue to share best practices. This strategic MoU will not only accelerate our decarbonization commitment but also support the nation’s climate change action initiatives and the long-term sustainable development vision.”
Mr. Arnaud Pieton, CEO of Technip Energies said, “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.”
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