In a significant move to address the challenges of decarbonizing hard-to-abate industries, Saipem, a leading global energy services company, and Valmet, a Finland-based global developer of process technologies, have announced a groundbreaking Memorandum of Understanding (MoU). This strategic collaboration aims to develop integrated solutions to reduce greenhouse gas emissions in the industrial sector.

Pioneering Collaboration for CO2 Management

The partnership between Saipem and Valmet is poised to bring about a transformative change in the industrial sectors, particularly in the pulp, paper, and energy segments. By combining Saipem’s advanced CO2 management technologies with Valmet’s expertise in heat recovery and flue gas treatment units, the alliance offers flexible and integrated options for both new and existing facilities. This collaboration is a testament to both companies’ commitment to supporting customers on their Net Zero journey, offering comprehensive solutions for effective end-to-end CO2 management.

Valmet’s Commitment to a Carbon-Neutral Future

Lari-Matti Kuvaja, Director of Environmental Systems at Valmet, emphasizes the company’s dedication to sustainability, which is deeply ingrained in its business strategy and operations. Valmet’s climate program − Forward to a carbon-neutral future − sets ambitious targets, highlighting the role of technology in mitigating climate change. The company has already achieved significant milestones in enabling carbon-neutral production for its clients in the pulp, paper, and energy sectors. The collaboration with Saipem is a natural extension of these efforts, aligning with Valmet’s sustainability goals.

Saipem’s Role in Advancing Decarbonization Technologies

Fabrizio Botta, Chief Commercial Officer at Saipem, highlights the critical role of technology in tackling the decarbonization challenges faced by hard-to-abate sectors. The MoU with Valmet represents an expansion of Saipem’s portfolio in energy transition innovations. By integrating processes and technologies, Saipem aims to provide clients with end-to-end decarbonized solutions, in line with their Net Zero targets. Saipem’s expertise in the entire CO2 capture, re-utilization, and storage value chain, complemented by its drilling, onshore, and offshore capabilities, positions it uniquely in the market.

Conclusion:

This collaboration between Saipem and Valmet marks a significant step towards industrial decarbonization, offering hope for a more sustainable future. By leveraging their respective strengths and expertise, the two companies are set to make a substantial impact in the fight against climate change, offering practical solutions for industries striving to reduce their carbon footprint.

  climate change, Fabrizio Botta, Industrial Decarbonization, Lari-Matti Kuvaja, Net Zero, Saipem, Valmet