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    Italy's Saipem Acquires CO2 Capture Tech


The carbon capture process has been developed in Canada over the past 20 years.

by: Joseph Murphy

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Natural Gas & LNG News, Europe, Energy Transition, Carbon, Corporate, Mergers & Acquisitions, News By Country, Italy

Italy's Saipem Acquires CO2 Capture Tech

Italian oilfield services group Saipem said on January 22 it had bought proprietary technology for CO2 capture from Canada’s CO2 Solutions (CSI).

The technology entails an enzymatic CO2 capture process that does not produce or emit any toxic products, Saipem said in a statement. It has been developed over the past 20 years in Canada, with support from the governments of Canada, the US and the EU.

Saipem also said it had acquired CSI’s broader portfolio of intellectual property, including 90 granted and pending patents. It will also take control of a CO2 capture plant at a pulp mill in Quebec.

“The assets and technology purchased will help us expand our green products portfolio and will underpin our resolve to support the industry towards a low carbon energy future,” the chief operating officer of Saipem’s onshore engineering division, Maurizio Coratella, said.