PARIS--(Business Wire)--
Regulatory News:
Technip (Paris:TEC) (ISIN:FR0000131708) and Geogreen have signed a
non-exclusive agreement that will allow the two companies to offer
clients studies for integrated solutions for the entire carbon (CO2)
capture, transport and storage chain.
This partnership teams Technip's know-how in CO2 capture,
transport and gas compression for injection into underground
structures, with Geogreen's expertise in CO2 transport and geological
storage. It strengthens the positions of both companies on this
high-potential market. CO2 capture and storage technologies can be
applied in many of Technip's sectors of activity including oil field
developments, hydrogen production units and treatment of natural gas.
The capture and storage of CO2 is a solution for reducing
greenhouse gas emissions from industrial installations in response to
global warming. This partnership agreement is testimony to Technip and
Geogreen's commitment to making an active contribution to the
emergence of new technologies to meet the challenges of sustainable
development.
Technip
With a workforce of 23,000 people, Technip is one of the world's
leading corporations in the field of oil, gas and petrochemical
engineering, construction and services. The Group is headquartered in
Paris.
The Group's main operating centers and business units are located
in France, Italy, Germany, the UK, Norway, Finland, the Netherlands,
the USA, Brazil, Abu-Dhabi, China, India, Malaysia and Australia.
In support of its activities, the Group manufactures flexible
pipes and umbilicals, and builds offshore platforms in its
manufacturing plants and fabrication yards in France, Brazil, the UK,
the USA, Finland and Angola, and has a fleet of specialized vessels
for pipeline installation and subsea construction.
The Technip share is listed in Paris on Euronext Paris.
Geogreen
Geogreen is an international services company specialized in CO2
transport and storage offering its clients strategic studies in the
areas of CO2 capture, transport and storage in addition to engineering
studies and technical assistance relating to CO2 transport and
geological storage.
Geogreen is a subsidiary of the IFP (French Petroleum Institute),
Geostock (an underground hydrocarbon storage company) and BRGM (Bureau
de Recherche Geologique et Miniere).
Technip
Public Relations
Yves Gautier, +33 (0) 1 47 78 25 33
Floriane Lassalle-Massip, +33 (0) 1 47 78 32 79
press@technip.com
or
Investor Relations
Kimberly Stewart, +33 (0) 1 47 78 66 74
kstewart@technip.com
Antoine d'Anjou, +33 (0) 1 47 78 30 18
adanjou@technip.com
or
Web site:
http://www.technip.com
or
Geogreen
Public Relations
Christine Marion, +33(0) 1 47 08 73 00
cmn@geostock.fr
or
Web site:
http://www.geogreen.fr
Copyright Business Wire 2008
