SAIPEM AND SNAM JOIN FORCES TO WORK ON ENERGY TRANSITION
Snam and Saipem have signed a Memorandum of Understanding to start working together on new energy transition technologies, from green hydrogen to capturing and reusing CO2, with the aim of fighting climate change and contributing to the launch of the hydrogen market, supporting the European Commission’s Hydrogen Strategy.
The aim of this agreement, signed by Marco Alverà, CEO of Snam, and Stefano Cao, CEO of Saipem, is to jointly define and develop initiatives for green hydrogen production and transport, and for carbon dioxide capture, transport and reuse or storage (CCS and CCU).
Snam and Saipem have already started working together, focusing in particular on developing the technology of water electrolysis, a process that makes it possible to reduce CO2 emissions to zero in the production of green hydrogen, thus effectively fighting global warming.
This agreement also involves a collaborative effort to develop feasibility studies in order to find new solutions to transport hydrogen in both liquid and gaseous form, by using and adapting existing infrastructure and networks as well as by shipping it by vessel, and to capture, transport, store or enhance CO2.
As one of the first companies in the world to experiment with introducing hydrogen into a gas transport network, Snam is highly committed to ensuring that its infrastructure is compatible with increasing hydrogen volumes and to supporting the growth of the Italian hydrogen value chain by developing technologies in order to promote its use in a variety of sectors, from industry to transport.
Today, Saipem acts as a promoter of energy transition both by developing projects involving the hybridisation and decarbonisation of conventional oil and gas complexes (new or existing), both through the new business line dedicated to “new energies” in the E&C Onshore Division of Saipem, and through its recent acquisition of CO2 capture technologies from the Canadian company CO2 Solution Inc.
Snam, based in Milan, Italy, is one of the world’s leading energy infrastructure operators. The company has the largest natural gas transmission network and storage capacity among European peers and is also one of the main operators in regasification.