Mitsubishi Heavy Industries to Collaborate on Carbon Capture Technologies

Mitsubishi Heavy Industries (MHI), has concluded a General License Agreement (GLA) with Saipem S.p.A., one of the 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.

Saipem is a leading global solution provider that performs engineering, procurement, construction and project management in the energy and infrastructure sector. With bases in more than 70 countries, the company possesses advanced, innovative engineering technologies and has a solid track record in completed deliveries.

MHI has had a cooperative relationship with Saipem for many years relating to the latter’s Snamprogetti Urea technology, resulting in the construction of world-class scale fertilizer plants.

Now, through the collaboration in Carbon Capture, Utilization and Storage (CCUS), a structure is in place enabling the execution of CO2 capture plants making use of the two partners’ respective strengths.

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 for decarbonisation will be increasing in the years ahead.

Kenji Terasawa, CEO and Head of Engineering Solutions at MHI 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 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.”

#decarbonisation #carboncapture