By Abbas Nazil
Saipem and Capsol Technologies ASA have entered into a non-exclusive cooperation agreement to jointly develop carbon capture projects using Hot Potassium Carbonate technology, aiming to support industrial emitters in reducing carbon dioxide emissions in hard-to-abate sectors.
The partnership combines Capsol’s energy-efficient capture technology with Saipem’s expertise in delivering complex energy infrastructure projects, creating a strategic alliance focused on scalable and cost-competitive carbon reduction solutions.
The companies have already collaborated at the Stockholm Exergi bioenergy carbon capture and storage facility, where Saipem serves as the lead contractor and integrates Capsol’s technical systems into project execution.
Building on that experience, the new agreement seeks to develop standardised and modular carbon capture designs that can simplify procurement processes and accelerate deployment across multiple industrial sites.
Officials from both organisations state that offering pre-engineered solutions will reduce project complexity, shorten implementation timelines, and make carbon capture technology more accessible to large-scale emitters.
The cooperation is expected to support industries such as cement, energy, and heavy manufacturing, which face increasing pressure to cut emissions while maintaining operational efficiency and competitiveness.
In Europe, demand for carbon capture solutions is growing, particularly within the cement sector where significant financial investment decisions are anticipated before 2030 to support emission reduction targets.
Capsol Technologies reported gross profits of NOK 4.1 million in the fourth quarter of 2025 compared to NOK 11.8 million in the previous quarter, with performance impacted by the conclusion of a campaign that reduced utilisation during the period.
The company expects future project pipelines to expand, with projections indicating substantial capacity across multiple sites and ongoing collaborations with major industry players including Holcim, Schwenk, and Dyckerhoff.
Industry analysts highlight that partnerships between technology providers and engineering firms are becoming increasingly important for scaling carbon capture deployment and meeting climate commitments under international agreements.
The agreement between Saipem and Capsol reflects broader momentum toward integrating carbon capture into existing industrial infrastructure rather than building entirely new low-carbon facilities.
Experts argue that modular design approaches and shared technical expertise can lower costs and reduce financial risks for companies investing in emission control technologies.
As global climate policies tighten, demand for practical and economically viable carbon capture systems is expected to rise, strengthening collaboration between technology developers and engineering contractors.
Both companies have indicated that their cooperation will remain non-exclusive, allowing flexibility to pursue additional projects and partnerships while expanding their presence in key markets.
The initiative signals continued growth in carbon capture investment as industries seek reliable pathways to decarbonisation and compliance with environmental regulations.
