Saipem and Capsol Technologies ASA, a leading provider of carbon capture technology, have entered into a non-exclusive cooperation agreement in the field of carbon capture. Specifically, the agreement focuses on the joint development of projects of mutual interest in the Hot Potassium Carbonate (HPC) segment, with the aim of capturing the opportunities offered by a growing market.

The agreement provides for a structured collaboration that combines Capsol’s efficient and cost-competitive CO₂ capture technology with Saipem’s well-established expertise in delivering complex energy projects, to offer large industrial emitters a reliable, fully integrated, fast and easy to implement solution, particularly for hard-to-abate and energy sectors.

The partnership builds on the experience gained from the large-scale bioenergy carbon capture and storage (BECCS) plant project for Stockholm Exergi, currently under construction, for which Saipem is the EPC contractor and which uses Capsol’s technology. Building on this already established collaboration, the two companies intend to further strengthen their respective offerings for industrial customers interested in deploying large-scale HPC based CO₂ capture solutions.

The agreement also enables both companies to collaborate on selected bids and tenders where appropriate and mutually agreed, offering a comprehensive package that integrates technology, optimized design, standardized and modularized solutions, and execution capabilities.

Working with leading EPC providers is a central part of Capsol’s strategy to make carbon capture easier to buy and Saipem is a great fit into this approach. Saipem’s world class project delivery capabilities, combined with Capsol’s proven and cost-leading technology, will target a wider audience of emitters and accelerate deployment.

About Saipem

Saipem is a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, both offshore and onshore. Saipem is “One Company” organized into business lines: Asset Based Services, Drilling and Sonsub, Energy Carriers, Offshore Wind, Sustainable Infrastructures. The company has 5 fabrication yards and an offshore fleet of 17 construction vessels owned and 12 drilling rigs, of which 9 owned. Always oriented towards technological innovation, the company’s purpose is “Engineering for a sustainable future”. As such Saipem is committed to supporting its clients on the energy transition pathway towards Net Zero, with increasingly digital means, technologies and processes geared for environmental sustainability. Listed on the Milan Stock Exchange, it is present in more than 50 countries around the world and employs about 30,000 people of over 130 nationalities.

About Capsol Technologies

Capsol Technologies ASA is a carbon capture technology provider with a goal of accelerating the transition to a net zero future. The technology combines inherent heat recovery and generation in a stand-alone unit based on a proven and safe solvent. Capsol’s technology is licensed either directly to customers or through industrial partners globally. Key segments include cement, biomass, energy-from-waste and gas turbines. Capsol Technologies is listed on Euronext Oslo Børs (ticker: CAPSL). 

For further information, please contact:
Jacob Zeno Clausen Krøvel
SVP Investment and Strategy, Capsol Technologies
+47 48 40 32 25
[email protected]

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