Mitsubishi Heavy to supply carbon capture tech to Saipem
Japan’s Mitsubishi Heavy Industries (MHI) has concluded a general license agreement to provide its carbon capture technologies to Italy’s Saipem, it said on April 27.
MHI will provide its KM CDR Process and Advanced KM CDR Process technologies for use in CO2 capture plants. Both technologies were jointly developed with Kansai Electric Power Co.
“MHI has had a cooperative relationship with Saipem for many years relating to the latter’s Snamprogetti urea technology, resulting in construction of world-class scale fertilizer plants. Now, through the collaboration in CCUS (carbon capture, utilisation and storage), a structure is in place enabling execution of CO2 capture plants making use of the two partners’ respective strengths,” MHI said.
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 of decarbonisation would be increasing in the years ahead, the company added.
MHI has declared mission net zero to achieve carbon neutrality by 2040, and is now undertaking strategic initiatives toward decarbonising the energy supply side. Core among those efforts is the development of a CO2 solutions ecosystem, which links carbon emission sources with storage and utilisation.