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Italian engineering and construction firm Saipem has revealed that over $2 billion of its order backlog is associated with carbon capture utilization and storage (CCUS) projects, highlighting its commitment to the global energy transition. CEO Alessandro Puliti emphasized that CCUS is a strategic pillar of Saipem's low-carbon portfolio.

The company aims for 30% of its backlog to be linked to low-carbon initiatives, driven by rising demand for emissions reduction technologies. Saipem's total backlog reached $31 billion, bolstered by new contract awards and a recovery in upstream exploration.