NPCC and Technip Energies to Set Up New Company

NPCC and Technip Energies to Set Up New Company

/ Oil & Gas / Thursday, 21 July 2022 11:09

An agreement to establish a new joint company between National Petroleum Construction Company (NPCC), a subsidiary of National Marine Dredging Company (The Group), and Technip Energies was signed by Eng. Ahmed Al Dhaheri, CEO of NPCC, and Arnaud Pieton, CEO of Technip Energies.

This news comes on the heels of UAE President His Highness Sheikh Mohammed Bin Zayed Al Nahyan’s visit to Paris.

Headquartered in Abu Dhabi, the new joint venture NT ENERGIES LLC aims to support energy transition in the UAE, the broader Middle East region and North Africa by providing optimized services in blue and green hydrogen and related decarbonization projects, CO2 capture and further industrial projects in the fields of waste-to-energy, biorefining and biochemistry, as well as other energy transition-related areas.

Arnaud Pieton, CEO of Technip Energies, commented, “This partnership with NPCC marks a new milestone in our journey to accelerate the energy transition and limit climate change. We are very proud to have signed this agreement with such a recognized leader and long-standing partner with whom we have delivered many key energy projects. By sharing the experiences, capabilities, and know-how of our companies, we are confident that NT Energies will be able to rapidly bring to life the energy transition infrastructures that the UAE and MENA region require both domestically and for exports, particularly in the areas of Power to Gas, blue/green hydrogen and ammonia, CO2 management, sustainable fuels      and circularity.”

Meanwhile, Eng. Yasser Zaghloul, the Group Chief Executive Officer at National Marine Dredging Group, said, “The new agreement reaffirms the commitment of NPCC to support energy transition and decarbonization in line with the UAE’s strategy to take positive and effective climate change actions to ensure a decarbonized future.“

Eng. Ahmed Al Dhaheri, CEO of NPCC, said, “By combining Technip Energies technological know-how, overall project management capabilities and global footprint, and NPCC’s project management skills for EPC projects, regional footprint and fabrication capabilities, NT ENERGIES LLC will bring to the table added value services in hydrogen and related decarbonization projects and CO2 capture in the UAE, the region and North Africa.”

The new joint venture 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.

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