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Business Wire
13-05-2025
- Automotive
- Business Wire
Svante and SAMSUNG E&A Sign Joint Development Agreement to Offer Digitally Enabled Skid-Mounted Modular Carbon Capture Plants
VANCOUVER, British Columbia--(BUSINESS WIRE)--Svante Technologies Inc. (Svante) and SAMSUNG E&A announced today that they have signed a joint development agreement to jointly develop a set of standardized skid-mounted modular carbon capture plants based on Svante's novel VeloxoTherm solid sorbent-based carbon capture filter technology, leveraging SAMSUNG E&A's advanced digital solutions and modularization capabilities. The agreement was signed during Svante's Grand Opening Event, which marked the commissioning of its new commercial filter manufacturing facility in Vancouver, Canada. This is the world's first gigafactory for Svante's filter technology, capable of producing enough filters to capture 10 million tonnes of CO 2 annually. Svante and SAMSUNG E&A have joined forces to deliver a set of standardized skid-mounted carbon capture plant modules featuring Svante's patented VeloxoTherm™ solid sorbent-based carbon capture filter technology for post-combustion CO2 emissions. Share 'We are working to remove the biggest barriers to rapid deployment of industrial carbon capture by first building our world-class manufacturing facility and second by partnering with SAMSUNG E&A to reduce project execution schedule and on-site construction costs through standardized design and fabrication solutions,' said Claude Letourneau, President & CEO of Svante. SAMSUNG E&A, a total solutions provider for the global energy industry, is one of the world's leading engineering, procurement, and construction (EPC) and project management companies in the world, with an ambition to assist in the energy transition. SAMSUNG E&A's extensive experience in executing large capital projects based on modularization and digitalization, paired with Svante's second-generation carbon capture and removal technology, makes this collaboration an innovative, accessible solution for clients in heavy industries and the energy sector looking for engineering-based carbon management solutions. SAMSUNG E&A is expanding its eco-friendly business portfolio with 'E&Able', a solution that fosters a sustainable future through advanced technology. E&Able embodies SAMSUNG E&A's commitment to resolving pressing societal challenges such as climate change, by swiftly securing groundbreaking technologies for its customers. It also represents the company's mission to achieve global objectives, including carbon neutrality and the circular economy, faster. The company is accelerating the promotion of new businesses in the energy transition and eco-friendly sectors, focusing on three E&Able strategies: E&Able Low (low carbon), E&Able Zero (carbon-free), and E&Able Circle (environment). 'The time is now for the CCUS industry value chain players to rethink how they approach projects to deliver them faster, more cost-effectively, and more efficiently. Undertaking multiple projects in parallel while using the same EPF contractor will greatly improve project performance,' said Hong Namkoong, President and CEO of SAMSUNG E&A. 'Additionally, we have pioneered with our Engineering Data Platform (EDP) utilizing digital tools to enhance project execution efficiency, ultimately driving down schedule timelines and costs.' Svante has developed a unique, environmentally responsible carbon capture and removal technology, which employs what it calls 'structured adsorbent beds', known as 'filters'. The company's filters are coated with nanoengineered solid adsorbent materials, which can capture CO 2 from industrial emissions, including pulp and paper, waste-to-energy, cement, steel, fertilizer, hydrogen, and more. The company's filter technology can also be leveraged for direct air capture (DAC), in which CO 2 that has already been emitted into the atmosphere is trapped and removed from the ambient air. 'We are looking forward to partnering with SAMSUNG E&A to deliver global commercial carbon capture projects at scale,' said Claude Letourneau, Svante's President and CEO. 'SAMSUNG E&A's 50+ years of experience in modularization across the industrial and energy sectors will be invaluable as we continue to hyperscale our operations and filter manufacturing capacity to expand our order book.' One of the objectives of this collaboration is to offer industrial customers a one-stop shop via an integrated project delivery model for carbon capture plants. SAMSUNG E&A and Svante will develop standardized advanced front-end (FEL3) engineering package deliverables. During the project execution phase, it is anticipated that SAMSUNG E&A will be the exclusive EPF supplier of skid-mounted modules for CO 2 capture plants, while Svante will supply its patented carbon capture machines (contactors)and filter beds. This collaborative approach to building large industrial facilities is shown to be effective at optimizing industrial project management and performance. 'This agreement will assist us in continuing to deliver world-class, environmentally responsible carbon capture plants that provide customers with both cost and schedule certainty, as well as convenient pre-engineered modules and automated data-driven engineering packages -- an offering we can now provide to our clients in addition to the other unique benefits our technology brings.' Letourneau adds, 'An integrated project delivery model means customers no longer have to rely on the traditional bid-buy transactional relationships that they've been forced to deal with in the past.' The two companies will work together to identify, develop, and deliver commercial-scale carbon capture projects globally, ensuring heavy industries and energy producers in these regions have more viable pathways to meet their emission reduction targets. About Svante: Headquartered in Vancouver, BC, Canada, Svante is a purpose-driven, leading carbon capture and removal solutions provider. The company makes nanoengineered filters and modular rotary contactor machines that capture and remove CO 2 in an environmentally responsible way from industrial emissions and the air. Svante is on the 2023 Global Cleantech 100, the XPRIZE Foundation's XB100 -- World's Top 100 Deep Tech Companies, and was ranked second among private companies in the Corporate Knights' Future 50 Fastest Growing Sustainable Companies in Canada. To learn more about Svante, visit and follow Svante on LinkedIn or Twitter @svantesolutions.
Fibre2Fashion
21-04-2025
- Business
- Fibre2Fashion
Samsung E&A to build PLA plant for Emirates Biotech in UAE
SAMSUNG E&A, a total solutions provider for the global energy industry, has announced that it is the contractor for its upcoming Polylactic Acid (PLA) production plant in the United Arab Emirates. The strategic project, officially named Falcon PLA Project, will deliver a cutting-edge facility producing a biodegradable and environmentally friendly plastic alternative and solidifies Emirates Biotech commitment to environmental responsibility and innovation. SAMSUNG E&A was selected as the sole partner for this project, due to an unrivaled track record of bringing these innovative but complex industrial projects to fruition. In that role, SAMSUNG E&A will oversee all engineering, procurement, and construction work for the Falcon PLA project, ensuring that it progresses smoothly and aligns with the planned schedule and budget. Samsung E&A has been chosen as the contractor for the Falcon Polylactic Acid (PLA) Project in United Arab Emirates by Emirates Biotech. The plant, using Sulzer technology, will produce biodegradable plastic and is set to open in early 2028. This move underscores both companies' commitment to sustainability and innovation in eco-friendly materials. The pre-EPC contract, covering the initial phase of the collaboration, was signed on 14 April 2025 at Emirates Biotech's head office in the UAE. Emirates Biotech recently selected Sulzer as the technology provider for its PLA plant and SAMSUNG E&A will ensure the Sulzer technology and proprietary equipment will be integrated flawlessly into the PLA production facility. The plant, expected to be operational in early 2028, will be located in the KEZAD free zone in Abu Dhabi, a new industrial area with access to state-of-the-art transportation infrastructure including the deep sea port of Khalifa. Marc Verbruggen, CEO of Emirates Biotech , said: 'Selecting SAMSUNG E&A as our contractor is another significant step toward making our vision a reality. With their extensive expertise in delivering world-class engineering projects, we are confident that this collaboration will ensure the seamless integration of technology into our PLA production facility. The Falcon PLA Project will not only set new benchmarks for scale and efficiency but will also play a key role in providing industries with a viable, sustainable alternative to fossil-based plastics. As we move closer to construction, we are excited to see our plans take shape and contribute to the global shift toward a circular economy.' Hong Namkoong, President and CEO of SAMSUNG E& A stated: "With our extensive project experience and advanced design technology, we continue to achieve outstanding results in high-value engineering. We are honored that Emirates Biotech has entrusted us with the Falcon PLA Project, and are fully committed to delivering it successfully. SAMSUNG E&A is honored to expand its customer base and enter a new market. This achievement strengthens its competitive position for future projects with Emirates Biotech, marking its entry into the growing eco-friendly plastics sector.' Emirates Biotech aims to accelerate the transition from fossil-based plastics to renewable, biodegradable alternatives, ensuring industries worldwide have access to high-performance, environmentally responsible solutions. Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged. Fibre2Fashion News Desk (HU)
Zawya
15-04-2025
- Business
- Zawya
SAMSUNG E&A selected as contractor for Emirates Biotech PLA production plant
Seoul, Korea: SAMSUNG E&A, a total solutions provider for the global energy industry, has announced that it is the contractor for its upcoming Polylactic Acid (PLA) production plant in the United Arab Emirates. The strategic project, officially named Falcon PLA Project, will deliver a cutting-edge facility producing a biodegradable and environmentally friendly plastic alternative and solidifies Emirates Biotech commitment to environmental responsibility and innovation. SAMSUNG E&A was selected as the sole partner for this project, due to an unrivaled track record of bringing these innovative but complex industrial projects to fruition. In that role, SAMSUNG E&A will oversee all engineering, procurement, and construction work for the Falcon PLA project, ensuring that it progresses smoothly and aligns with the planned schedule and budget. The pre-EPC contract, covering the initial phase of the collaboration, was signed on 14 April 2025 at Emirates Biotech's head office in the UAE. Emirates Biotech recently selected Sulzer as the technology provider for its PLA plant and SAMSUNG E&A will ensure the Sulzer technology and proprietary equipment will be integrated flawlessly into the PLA production facility. The plant, expected to be operational in early 2028, will be located in the KEZAD free zone in Abu Dhabi, a new industrial area with access to state-of-the-art transportation infrastructure including the deep sea port of Khalifa. Marc Verbruggen, CEO of Emirates Biotech, said: 'Selecting SAMSUNG E&A as our contractor is another significant step toward making our vision a reality. With their extensive expertise in delivering world-class engineering projects, we are confident that this collaboration will ensure the seamless integration of technology into our PLA production facility. The Falcon PLA Project will not only set new benchmarks for scale and efficiency but will also play a key role in providing industries with a viable, sustainable alternative to fossil-based plastics. As we move closer to construction, we are excited to see our plans take shape and contribute to the global shift toward a circular economy.' Hong Namkoong, President and CEO of SAMSUNG E&A stated: "With our extensive project experience and advanced design technology, we continue to achieve outstanding results in high-value engineering. We are honored that Emirates Biotech has entrusted us with the Falcon PLA Project, and are fully committed to delivering it successfully. SAMSUNG E&A is honored to expand its customer base and enter a new market. This achievement strengthens its competitive position for future projects with Emirates Biotech, marking its entry into the growing eco-friendly plastics sector.' Emirates Biotech aims to accelerate the transition from fossil-based plastics to renewable, biodegradable alternatives, ensuring industries worldwide have access to high-performance, environmentally responsible solutions. About SAMSUNG E&A At SAMSUNG E&A, we aim to create value based on the world's best technological competence and contribute to our clients, society, and people. SAMSUNG E&A, a total solutions provider, offers comprehensive solutions for the global energy industry, such as energy transition, oil-gas processing, refinery, petrochemical, environmental, industrial, and bio. Providing professional services across the whole project cycle ranging from professional feasibility studies to design, procurement, construction, commissioning, maintenance & operation. SAMSUNG E&A has completed more than 1,500 projects worldwide. To prepare for ESG-based eco-friendly businesses in the future, we expanded our value chain to the business of operating green infrastructure, such as water treatment facilities and incinerators, and green solution businesses for energy optimization and carbon neutrality. To preemptively respond to changes in the global energy industry and take the lead in resolving global warming, we will provide optimal solutions based on our technologies and expertise. For more information, please visit Contact: Dongwook (John) Lee Head of Communications E-mail: Jin Hartmann Head of International Communications E-mail:
Yahoo
11-03-2025
- Business
- Yahoo
Nel ASA: Signs collaboration agreement and conducts private placement with SAMSUNG E&A
OSLO, Norway, March 11, 2025 /PRNewswire/ -- Nel ASA (Nel, OSE:NEL) has signed an EPC collaboration agreement that allows SAMSUNG E&A to offer its customers complete hydrogen plants of its own design using Nel's electrolysers. In a separate transaction, SAMSUNG E&A will purchase 10% of newly issued Nel ASA shares through a direct placement, implying a post transaction ownership of 9.1%. As a result of this transaction, SAMSUNG E&A will become the largest single shareholder in Nel. Nel is a global leader within both alkaline and PEM electrolyser technology, working with clients both directly and through EPC partners. With the SAMSUNG E&A EPC collaboration agreement, Nel continues to widen its global delivery capabilities and strengthen its overall competitiveness. "Our strategy is to focus on electrolyser stack and balance of stack technology. Therefore, we need to work with EPC companies who can provide balance-of-plant solutions and increase our global market reach. It is an honor that a highly reputable and solid company like SAMSUNG E&A has decided to partner with Nel because of our technology and manufacturing leadership" says Håkon Volldal, President and CEO of Nel ASA. SAMSUNG E&A, formerly Samsung Engineering, is a Korean total solutions provider, that offers comprehensive solutions for the global energy industry. The company provides a full range of engineering services including feasibility studies, design, procurement, construction, and commissioning across multiple industries with a special focus on smart manufacturing, energy systems, and infrastructure. The company is already involved in several large-scale hydrogen projects globally. "SAMSUNG E&A will provide integrated electrolyser solutions with competitive value and bankability to green hydrogen project owners with Nel. Green hydrogen is a core technology in clean tech with carbon-neutral technologies and has a high value not only as itself but also as a basic ingredient for green ammonia, green methanol, SAF, and e-fuel," says Hong Namkoong, CEO of SAMSUNG E&A. "Nel is a market-leading electrolyser company and the only company that has competitive technology in both Alkaline and Proton Exchange Membrane electrolyser with a 100-year history. We are very glad to announce our partnership with Nel", Namkoong says. The collaboration agreement will enable SAMSUNG E&A to develop and offer its customers complete design packages for hydrogen plants based on Nel's Alkaline and PEM electrolysers. In addition, the two companies will work on a larger consolidated Balance of Stack (BoS) system for Nel's Alkaline electrolysers. In a separate transaction, Nel ASA will issue 167,132,530 shares to SAMSUNG E&A for NOK 2.1125 per share, representing the arithmetic average of the last seven-day volume weighted average prices as of March 10th 2025, for a total, all cash, consideration of about NOK 353 million. The transaction is subject to approval by the Board of Directors pursuant to an authorization to increase the share capital granted by Nel ASA's annual general meeting held on 23 April 2024. Post transaction, SAMSUNG E&A will have a 9.1% shareholding in Nel ASA. SAMSUNG E&A has agreed to a two-year lock-up and standstill arrangement subject to customary exceptions. The Nel ASA Board of Directors is supportive of SAMSUNG E&A nominating a member to Nel's Board of Directors for the upcoming 2025 Annual General Meeting. Morgan Stanley & Co. International plc acted as financial advisor to Nel ASA in connection with the private placement. "We appreciate the commitment SAMSUNG E&A demonstrates to the future success of our partnership by becoming a cornerstone investor in Nel," Volldal says. "SAMSUNG E&A is currently securing hydrogen and carbon-neutral technologies through strategic investments and partnerships to commercialize new technologies and build a technology licensing model. The company is now also exploring new market opportunities based on business development with flagship projects where we work to expand the business model from primarily EPC to more technology-based," Hong Namkoong says. For additional information, please contact:Kjell Christian Bjørnsen, CFO, +47 917 02 097Wilhelm Flinder, Head of IR, Communications & Marketing, +47 936 11 350 About Nel ASA | has a history tracing back to 1927 and is today a leading pure play hydrogen electrolyser technology company with a global presence. The company specializes in Alkaline and PEM technology for production of renewable hydrogen. Nel's product offerings are key enablers for a green hydrogen economy, making it possible to decarbonize various industries such as transportation, refining, steel, and ammonia. This information is subject to a duty of disclosure pursuant to Section 5-12 of the Norwegian Securities Trading Act. This information was issued as inside information pursuant to the EU Market Abuse Regulation, and was published by Wilhelm Finder, Head of Investor Relations, at NEL ASA on the date and time provided. This information was brought to you by Cision The following files are available for download: Release View original content: Sign in to access your portfolio
ME Construction
12-02-2025
- Business
- ME Construction
TA'ZIZ awards US $1.7bn contract for the UAE's first methanol plant
Infrastructure TA'ZIZ awards US $1.7bn contract for the UAE's first methanol plant By Scheduled for completion in 2028, the plant will operate using clean energy from the grid TA'ZIZ has awarded a US $1.7bn engineering, procurement, and construction (EPC) contract to SAMSUNG E&A for the development of one of the world's largest methanol plants in Al Ruwais Industrial City, in Abu Dhabi's Al Dhafra region. Scheduled for completion in 2028, the plant will operate using clean energy from the grid, making it one of the most energy-efficient methanol production facilities globally. The project marks a significant step in TA'ZIZ's efforts to support the UAE's economic diversification by establishing new domestic chemical value chains. The facility, with a production capacity of 1.8-million tonnes per annum (mtpa), will be the first methanol manufacturing plant in the UAE. Mashal Saoud Al-Kindi, CEO of TA'ZIZ stated, 'This major EPC contract award represents a crucial milestone in fulfilling TA'ZIZ's vision to drive industrial growth in the UAE by developing a large-scale integrated chemicals ecosystem in the Al Dhafra region. The plant will reinforce the UAE's leadership in sustainable chemicals production and further TA'ZIZ's contribution to ADNOC's global ambition in the chemicals sector.' Hong Namkoong, President and CEO of SAMSUNG E&A commented, 'SAMSUNG E&A is privileged to receive this recognition, reflecting both our and TA'ZIZ's dedication to industrial innovation, economic diversification, and sustainable growth in the UAE. This achievement highlights the impact of collaboration in establishing world-class facilities that will position the UAE as a key global player in advanced methanol production.' During its initial phase, TA'ZIZ aims to produce 4.7mtpa of chemicals by 2028, including methanol, low-carbon ammonia, polyvinyl chloride (PVC), ethylene dichloride, vinyl chloride monomer, and caustic soda. Many of these chemicals will be produced domestically for the first time, aligning with TA'ZIZ's strategic objective to expand the UAE's chemical value chain and promote economic diversification through industrial growth.
