Technip and Shell Cansolv to Strengthen CO2 Capture Technology

  Technip and Shell Cansolv to Strengthen CO2 Capture Technology

Business Wire

PARIS -- September 30, 2013

Regulatory News:

Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) and Shell Cansolv have
signed an agreement to leverage their respective expertise in marketing an
end-to-end solution for Carbon Capture and Sequestration (CCS) projects. The
agreement enables both Technip and Shell Cansolv to offer a full chain of
engineering, procurement and construction (EPC) services for a post-combustion
CO[2] capture project to the power generation industry. The collaboration
between two industry leaders will see Shell Cansolv capitalize from Technip’s
experience in the design, construction, and management of large EPC projects
and its commercial global footprint. This new cooperation will also expand
Shell Cansolv’s international reach by giving the company a platform to offer
its CO[2] capture technology in increased scope as well as to new markets.

Philippe Gauthier, President of Shell Cansolv, states: “We are delighted that
Technip will be providing EPC services – our team of experts will together
ensure we deliver the high standards and satisfactory returns our clients
expect. By doing so, we will continue to demonstrate that Shell Cansolv is a
world leader in deploying post-combustion CO[2] capture on a significant
commercial scale.”

Stan Knez, Technip’s Senior Vice President, Process Technology, adds: “Shell
Cansolv’s CO[2] capture technology will play an important role in helping us
meet today’s energy challenges. With a strong track record of deploying
technologies and providing full EPC solutions to our customers, Technip is
pleased to join Shell Cansolv with helping clients reduce emissions and meet
environmental regulations.”

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Technip is a world leader in project management, engineering and construction
for the energy industry.
From the deepest Subsea oil & gas developments to the largest and most complex
Offshore and Onshore infrastructures, our 38,000 people are constantly
offering the best solutions and most innovative technologies to meet the
world’s energy challenges.
Present in 48 countries, Technip has state-of-the-art industrial assets on all
continents and operates a fleet of specialized vessels for pipeline
installation and subsea construction.
Technip shares are listed on the NYSE Euronext Paris exchange and traded in
the USA on the OTCQX marketplace (OTCQX: TKPPY).

Contact:

Technip
Public Relations
Christophe Bélorgeot, Tel. +33 (0) 1 47 78 39 92
E-mail: press@technip.com
or
Investor and Analyst Relations
Kimberly Stewart, Tel.+33 (0) 1 47 7866 74
E-mail: kstewart@technip.com
David Tadbir, Tel. +33 (0)1 40 90 19 04
E-mail: dtadbir@technip.com
or
Website http://www.technip.com
 
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