MHI agrees to collaborate with Saipem

Mitsubishi Heavy Industries, Ltd. (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. Both technologies were jointly developed with The Kansai Electric Power Co., Inc.
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 CCUS (Carbon Capture, Utilization, and Storage), 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 decarbonization would be increasing in the years ahead. With the ability to accommodate numerous projects, MHI looks to ensure a leading position in the developing global CCUS market. The newly expanded collaboration with Saipem can be expected to further advance MHI’s global CCUS strategy in addition to other partnerships MHI has formed over the years globally.

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