Technip in carbon capture deal with Geogreen

Paris - Technip 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 dioxide capture, transport and storage chain. This deal combines Technip¹s know-how in CO2 capture, transport and gas compression for injection into underground structures, with Geogreen's expertise in CO2 transport and geological storage.

Acording to a Technip statement, the agreement strengthens the positions of both companies on this high-potential market. CO2 capture and storage technologies can be applied in many of Technip¹s sectors of activity including oil field developments, hydrogen production units and treatment of natural gas.

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. The company is a subsidiary of the IFP (French Petroleum Institute), underground hydrocarbon storage company Geostock and BRGM (Bureau de Recherche Géologique et Minière).