International Business: NPCC and Technip set up new venture – Gulf Digital News

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UAE
  • Date: 20-Jul-2022
  • Source: Gulf Digital…
  • Sector:Technology
  • Country:UAE
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International Business: NPCC and Technip set up new venture – Gulf Digital News

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ABU DHABI: UAE-based National Petroleum Construction Company (NPCC) has joined forces with Technip Energies, a leading engineering and technology company for energy transition, to establish a new venture – NT Energies headquarted in Abu Dhabi, that will offer added value services in hydrogen and related decarbonisation projects and CO2 capture.

A subsidiary of UAE-based National Marine Dredging company, NPCC said the new company will support energy transition in the UAE, the region and North Africa.

The key objective is to provide added value services in blue and green hydrogen and related decarbonisation projects, CO2 capture in addition to industrial projects in the fields of waste-to-energy, biorefining, biochemistry, as well as other energy transition related themes, said the Emirati group in its statement.

NT Energies will also provide onshore and offshore oil and gas fields and facilities services, building and energy efficiency services, oil tanks installation and repair, installation, maintenance and manufacturing of alternative energy equipment as well as oil and gas facilities consultancy and engineering consultations on alternative energy and research, it added.

The agreement for the JV was signed by Ahmed Al Dhaheri, chief executive of NPCC, and Arnaud Pieton, CEO of Technip Energies, on the sidelines of UAE President Shaikh Mohamed bin

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