Technip Energies has been awarded a large(1) Engineering, Procurement, Construction (EPC) contract by Hafslund Oslo Celsio, the largest supplier of district heating in Norway, for a world-first carbon capture and storage (CCS) project at waste to energy plant located in Oslo, Norway, said the company.
The project will be the first full-scale waste-to-energy plant in the world with CO2 capture. 400,000 tons per year of CO2 will be captured, which is the equivalent of the emissions from around 200,000 cars and will reduce Oslo’s emissions by 17%. As part of the Longship project, the CO2 will then be liquified and exported to Northern Lights which is the first cross-border, open-source CO2 transport and storage infrastructure network.
The Carbon Capture plant will use the Shell CANSOLV CO2 Capture System, a state-of-the-art amine based technology for the capture of CO2 from the flue gas.
This EPC contract award follows several years of a joint journey with the completion of the design competition, the successful delivery and test of a pilot unit and continuous collaboration between Technip Energies and Hafslund Oslo Celsio to optimize project economics. Developing, testing and proving this cost-effective solution is the result of a close partnership and co-development with the owner, T.EN and the technology provider.
Technip Energies considers a “large” contract award to be worth between EUR250 million and EUR500 million (between USD25 million and USD50 million).
As per MRC, Technip Energies and Alterra Energy have now entered into a global joint development and collaboration agreement to integrate Technip Energies’ pyrolysis oil purification technology with Alterra’s commercially available liquefaction process technology. By integrating both their proprietary processes, the two companies aim to accelerate the adoption of recycled feedstock, thus improving circular economy solutions for the global petrochemical industry. The combination of advanced recycling and purification technologies will enable more efficient processing and reuse of hard-to-recycle plastic.
As per MRC, TechnipFMC announced the launch of the placement of 16 million Technip Energies shares, representing ca. 9% of Technip Energies’ issued and outstanding share capital, through a private placement by way of an accelerated bookbuild offering. Upon completion of the Placement, TechnipFMC would retain a direct stake of ca. 22% of Technip Energies’ issued and outstanding share capital.
mrchub.com