Saipem and Capsol agree cooperation on industrial carbon capture projects

Saipem and Capsol Technologies entered into a non-exclusive cooperation agreement for industrial carbon capture, according to Saipem's announcement of 5 March 2026. The partners will focus on projects using hot potassium carbonate, commonly abbreviated HPC. The arrangement establishes a way to pursue projects of mutual interest and coordinate technical and commercial capabilities. It does not itself announce the award of a new capture plant to the partners at a named industrial site.

Capsol contributes carbon capture technology and Saipem contributes experience in engineering and executing complex energy developments. The companies intend to offer an integrated approach for large industrial emitters, particularly in energy and sectors where reducing emissions is technically difficult. The release describes a combination of technology, design and execution capability rather than a transfer of all responsibilities to a single technology supplier or the creation of an exclusive relationship between the two businesses.

The cooperation builds on their work at Stockholm Exergi's bioenergy carbon capture and storage project. At the announcement date, Saipem described that facility as under construction, with Saipem as EPC contractor and Capsol providing the technology. That reference gives the agreement an existing project context. It should not be read as confirmation that the Stockholm plant had completed commissioning or was already delivering its intended operating capture volumes in March.

The new framework also permits coordination on bids and tenders. Saipem says the combined offering can bring together technology selection, optimised design, standardisation, modularisation and execution. Those subjects matter at different stages of a capture project, from technical development through procurement and delivery. The announcement does not publish a universal plant capacity, a fixed installation price or a guaranteed construction period that would apply to every opportunity pursued under the agreement.

Saipem places the partnership within a wider carbon-capture portfolio that also includes its proprietary modular Bluenzyme solutions for smaller and medium-sized emitters. The Capsol cooperation is therefore one part of a broader set of offerings, with a particular emphasis on large-scale HPC-based projects. The March event establishes the collaboration and its technical focus. Individual bids, customer selections, investment approvals and construction contracts would remain separate milestones, each requiring its own disclosed scope, commercial terms and execution schedule before being treated as committed industrial infrastructure.

Sources

1. Saipem and Capsol partner on industrial-scale CO2 capture solutionsCompany releaseSaipemPublished 5 March 2026Read 28 October 2026

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