Spanish engineering company Técnicas Reunidas has signed an agreement with France-based energy solutions expert Axens to install carbon capture and storage (CCS) facilities based on Axens’ CCS technology.

The collaboration will see both companies attempting to accelerate net-zero emission goals by lowering carbon emissions in hard-to-abate sectors such as the chemical, steel, cement, and paper industries. 

This will involve Tecnicas taking lead for the construction of CCS technology developed by Axens. 

Although considered by many energy organisations as a vital aspect of achieving net zero targets by 2030, according to the International Energy Agency (IEA), CCS technology and adoption is not being scaled up fast enough to meet these goals. 

At current rates, the ongoing pipeline of projects forecasts 220 MtCO2 (million tonnes of carbon dioxide) per year of global capture capacity in 2030, considerably lower than the 900 MtCO2 per year set in the IEA’s Sustainable Development Scenario (SDS). 

Commenting on the agreement, Rachid Chennit, Low Carbon Solutions & Gas Product Line Director, Axens, said, “This partnership will allow us to address a broad carbon capture and removal solutions essential for the decarbonisation of our industries and a low-carbon society.” 

The sentiment was echoed by Ricardo Sánchez Galindo, Marketing and Business Development Director, Técnicas Reunidas, who added that the agreement highlights the ‘indispensable contribution’ to the energy transition made by companies specialising in industrial engineering.