A Memorandum of Understanding (MoU) was signed between Technip Energies and National Petroleum Construction Company (NPCC) to accelerate energy transformation in the United Arab Emirates (UAE) and other MENA nations.
In the presence of top executives from both businesses, NPCC CEO Eng Ahmed Dhaheri and Technip Energies CEO Arnaud Pieton signed the MoU during the GASTECH conference.
There is tremendous momentum in the sector for clean energy due to the commitment to energy transition and decarbonization. The goal of this partnership is to investigate and capitalize on this growing potential, as well as to deliver additional value services. To accelerate the energy transition, Technip Energies and NPCC will form a Joint Venture (JV).
Both companies will contribute complementary added-value to the JV, as they have worked together for more than three decades. NPCC will contribute its project management skills for EPC projects, its regional footprint, and its manufacturing capabilities, while Technip Energies will bring its technological know-how, overall project management capabilities, and creative solutions from early stage through project delivery.
The strategic cooperation will be focused on seizing energy transition opportunities and developing best engineering practices. It will also improve collaboration on blue and green hydrogen initiatives, as well as CO2 capture and industrial projects in the domains of waste-to-energy, biorefining, biochemistry, ammonia, and other energy transition-related topics.