Technip and Shell Cansolv to Strengthen CO2 Capture Technology

PARIS--(BUSINESS WIRE)--Regulatory News:

Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) and Shell Cansolv have signed an agreement to leverage their respective expertise in marketing an end-to-end solution for Carbon Capture and Sequestration (CCS) projects. The agreement enables both Technip and Shell Cansolv to offer a full chain of engineering, procurement and construction (EPC) services for a post-combustion CO₂ capture project to the power generation industry. The collaboration between two industry leaders will see Shell Cansolv capitalize from Technip’s experience in the design, construction, and management of large EPC projects and its commercial global footprint. This new cooperation will also expand Shell Cansolv’s international reach by giving the company a platform to offer its CO₂ capture technology in increased scope as well as to new markets.

Philippe Gauthier, President of Shell Cansolv, states: “We are delighted that Technip will be providing EPC services – our team of experts will together ensure we deliver the high standards and satisfactory returns our clients expect. By doing so, we will continue to demonstrate that Shell Cansolv is a world leader in deploying post-combustion CO₂ capture on a significant commercial scale.”

Stan Knez, Technip’s Senior Vice President, Process Technology, adds: “Shell Cansolv’s CO₂ capture technology will play an important role in helping us meet today’s energy challenges. With a strong track record of deploying technologies and providing full EPC solutions to our customers, Technip is pleased to join Shell Cansolv with helping clients reduce emissions and meet environmental regulations.”

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