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Vallourec and Geostock have signed a Memorandum of Understanding to enhance collaboration on energy transition infrastructure, focusing on hydrogen storage and carbon capture, utilization, and storage (CCUS). The partnership aims to leverage Vallourec's Delphy storage system, capable of storing up to 100 tons of hydrogen, alongside Geostock's mined lined rock caverns suitable for capacities exceeding 500 tons.

The agreement includes cooperation on well architecture and tubular solutions for these applications, with both companies sharing expertise and R&D findings. Vallourec's strategy involves partnering with key players in the New Energies sector to address challenges in the energy transition. In the U.S., Vallourec has established a Level 1 ADR program (ISIN: US92023R4074, Ticker: VLOWY).