PRESS RELEASE
Present at the partnership agreement signing ceremony in Abu Dhabi were (from left to right) Euro Mechanical Upstream Business Unit Manager Karima Nasri, Euro Mechanical Business Development Director Neil McLauchlan and Precision Impulse Chief Executive Officer Will Davie.
Aberdeen, Scotland & Abu Dhabi, UAE, December 5, 2024 — Precision Impulse Ltd. and Euro Mechanical today announced the formation of an exclusive partnership that reinforces both companies as primary actors in the transition to net zero in the United Arab Emirates.
Under the new agreement, Precision Impulse gains direct access to support regional asset operators and owners as they pursue their efforts toward decarbonisation through carbon capture and storage (CCS). At the same time, Euro Mechanical expands its offering with the addition of Precision Impulse seismic source technology, which is capable of monitoring stored carbon safely, reliably and in real time.
“Euro Mechanical is ideally positioned to help the UAE achieve sustainable growth through decarbonisation, and we at Precision Impulse are proud to be part of that effort,” said Precision Impulse Chief Executive Officer William Davie. “The current market for new CCS technology is like a coiled spring. Now is the time to release that energy, and our partnership with Euro Mechanical will effectively do just that.”
Euro Mechanical Chief Executive Officer Jon Rawding said, “Under Euro Mechanical’s Vision 2030, we are committed to supporting the growth of the nation and to decarbonising and diversifying its energy system. We have partnered with Precision Impulse to ensure the UAE has access to this important technology to support its carbon capture ambitions.”
As host of COP28 in 2023, the UAE showcased its leadership in decarbonisation by initiating a number of ambitious carbon reduction strategies. The government has committed to investing some $163 billion (600 billion AED) in renewable and clean energy technologies to achieve net zero by 2050.
About Precision Impulse
Precision Impulse is a seismic technology company based in Aberdeen, Scotland. Its seismic source can be permanently installed to monitor stored CO2 with far greater accuracy, economy and environmental safety than any other seismic method available today. Backed by six international patents, the PI source constitutes a critical component in the race to net zero.
About Euro Mechanical
Euro Mechanical is a fully owned Emirati provider of technology and project delivery services to the UAE and throughout the Middle East. Headquartered in Abu Dhabi, the company provides engineering support, manufacturing and turnkey solutions to the region’s energy suppliers. The group’s Sustainable Energy Solutions business unit ensures delivery of the technology and services required to turn the net zero vision into reality.
Contacts
Precision Impulse : mark.smith@precisionimpulse.com
Euro Mechanical : sunaina.sharaf@euromechanical.com