Technip Energies Awarded a Large EPC Contract by Hafslund Oslo Celsio for a World-First Carbon Capture and Storage Project at Waste to Energy Plant in Norway

PARIS–(BUSINESS WIRE)–Regulatory News:

Technip Energies (PARIS: TE) has been awarded a large⁽¹⁾ Engineering, Procurement, Construction (EPC) contract by Hafslund Oslo Celsio, the largest supplier of district heating in Norway, for a world-first carbon capture and storage (CCS) project at waste to energy plant located in Oslo, Norway.

The project will be the first full-scale waste-to-energy plant in the world with CO₂ capture. 400,000 tons per year of CO₂ will be captured, which is the equivalent of the emissions from around 200,000 cars and will reduce Oslo’s emissions by 17%. As part of the Longship project, the CO₂ will then be liquified and exported to Northern Lights which is the first cross-border, open-source CO₂ transport and storage infrastructure network.

The Carbon Capture plant will use the Shell CANSOLV® CO₂ Capture System, a state-of-the-art amine based technology for the capture of CO₂ from the flue gas.

This EPC contract award follows several years of a joint journey with the completion of the design competition, the successful delivery and test of a pilot unit and continuous collaboration between Technip Energies and Hafslund Oslo Celsio to optimize project economics. Developing, testing and proving this cost-effective solution is the result of a close partnership and co-development with the owner, T.EN and the technology provider.

Arnaud Pieton, CEO of Technip Energies, commented: “We are proud to be entrusted by Hafslund Oslo Celsio to support the development of the first waste-to-energy with Carbon Capture and Storage project in the world. Norway is at the forefront of decarbonization initiatives and, by being part of Hafslund Oslo Celsio project, we will contribute to one of the two projects of Longship, the very first Phase of Northern Lights. We are committed to leverage our strong expertise in CO₂ management, our local presence and our alliance with Shell to successfully deliver this groundbreaking project, a key milestone towards a low-carbon future.”

(1) A “large” award for Technip Energies is a contract award representing between €250 million and €500 million of revenue.

About Technip Energies

Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO₂ management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering.

Operating in 34 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.

Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”) trading over-the-counter in the United States.

For further information: www.technipenergies.com.

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