Vallourec and Evonik sign a Memorandum of Understanding to innovate in the field of Carbon Capture, Utilization and Storage

Vallourec and Evonik Industries AG, a leading specialty chemical company, have recently signed a Memorandum of Understanding (MoU)

06/26/2023

Line Pipe

Vallourec and Evonik Industries AG, a leading specialty chemical company, have recently signed a Memorandum of Understanding (MoU) for the development of tubular solutions for Carbon Capture, Utilization and Storage (CCUS).

As part of the collaboration, the companies will work to develop an innovative, corrosion-resistant CO2 transportation technology for the CCUS industry and thereby address one of the key challenges of CO2 transportation and storage.

The MOU will allow Vallourec to develop a lining technology for its seamless line pipes for CO2 transport using Evonik’s wide portfolio of high-performance polymers.

"We are very excited to sign this MoU with Evonik. We look forward to leveraging both companies’ expertise and facilitating the reliable and cost-effective development of CCUS infrastructure. Vallourec’s decades of experience in providing solutions for highly challenging energy applications makes it a clear supplier of choice for CCUS."

Ulrika Wising

Senior Vice President Energy Transition

Jasmin Berger, Global Director Industrial & Energy at Evonik added: “Energy Transition Infrastructure needs to be safe, cost-efficient, and ready for installation quickly. We cannot afford to wait.“