A Strategic Partnership: Saipem and Capsol Technologies Join Forces for Carbon Capture
Oslo (Norway) / Milan (Italy, March 4, 2026) – In an exciting development for the field of carbon capture technology, Saipem and Capsol Technologies ASA have entered into a non-exclusive cooperation agreement. This partnership aims to jointly develop projects in the Hot Potassium Carbonate (HPC) segment, opening doors to a rapidly growing market focused on sustainability.
The Framework of Collaboration
This agreement is significant as it merges Capsol’s innovative and cost-effective carbon capture technology with Saipem’s renowned expertise in executing complex energy projects. Together, these two companies are positioned to provide large industrial emitters with a robust solution that is not only fully integrated but also designed for quick implementation. This is particularly beneficial for sectors deemed difficult to decarbonize, such as energy and heavy industry.
Building on Past Successes
The collaboration builds on the experiences garnered from the large-scale bioenergy carbon capture and storage (BECCS) project currently underway for Stockholm Exergi. Saipem serves as the EPC contractor for this ambitious project, which utilizes Capsol’s advanced technology. This foundational project showcases how the partnership can deliver impactful carbon capture solutions and lays the groundwork for future collaborations aimed at providing large-scale HPC solutions.
A Comprehensive Offering for Clients
With this new agreement, Saipem and Capsol Technologies intend to collaborate on selected bids and tenders, creating a compelling package that combines their respective strengths. By integrating advanced technology, optimized design principles, and modular solutions with Saipem’s execution capabilities, they can offer customizable options tailored to the needs of industrial customers. This approach ensures a cohesive experience during project implementation.
A Shared Vision for the Future
Capsol Technologies has prioritized partnerships with leading Engineering, Procurement, and Construction (EPC) providers as part of its strategic framework. Saipem’s extensive project delivery capabilities align perfectly with Capsol’s mission to make carbon capture technology more accessible. By combining forces, the partnership aspires to engage a broader audience of emitters and expedite the deployment of carbon capture solutions effectively.
About Saipem: A Leader in Engineering and Construction
Saipem stands as a global leader in engineering and construction operations across energy and infrastructure sectors. Their commitment to innovation is evident through their focus on technologies that promote sustainable practices. Organized into specialized business lines, including Asset Based Services and Sustainable Infrastructures, Saipem operates in over 50 countries and employs a diverse workforce of around 30,000 individuals. Their mission to impact the energy transition towards a net-zero future resonates through their operations.
About Capsol Technologies: Pioneering Carbon Capture
Capsol Technologies ASA is at the forefront of accelerating the transition to a net-zero future through its advanced carbon capture solutions. Their technology incorporates heat recovery and generation capabilities, all while utilizing a proven and safe solvent. With licenses offered globally, Capsol serves multiple industries, including cement, biomass, and gas turbines. Listed on the Euronext Oslo Børs, Capsol’s commitment to environmental sustainability makes it a significant player in the industry.
Connect with the Leaders in Carbon Capture
For further inquiries about this groundbreaking partnership, interested parties can reach out to Jacob Zeno Clausen Krøvel, SVP Investment and Strategy at Capsol Technologies, at +47 48 40 32 25 or via email at jacob.krovel@capsoltechnologies.com.
For media inquiries, contact pr@capsoltechnologies.com.