TULSA, Okla. - Matrix Service Company (NASDAQ:MTRX), a prominent North American engineering and construction service provider, has announced a partnership with Engicon nv (Geldof), a Belgian engineering contractor. The collaboration, formalized through a Memorandum of Understanding, aims to deliver comprehensive Engineering, Procurement, and Construction (EPC) solutions for ammonia storage facilities across Europe.
The agreement leverages the combined expertise of both firms to meet the growing demand for sustainable energy resources, with a particular focus on ammonia as a hydrogen carrier. John R. Hewitt, President and CEO of Matrix Service Company, emphasized the strategic importance of the partnership, citing Matrix's legacy expertise in cryogenic infrastructure and Geldof's strong brand presence and track record in the European chemical and fertilizer industry.
Peter Verrept, CEO of Engicon nv (Geldof), highlighted the company's commitment to the energy transition and the deployment of ammonia as an energy carrier. The synergy between Matrix's and Geldof's expertise is expected to lead to groundbreaking projects that will significantly influence the future of energy solutions in Europe.
Matrix Service Company operates through various subsidiaries and has a presence in the United States, Canada, Australia, and South Korea. It is recognized for its strong Environment, Social, and Governance (ESG) practices and commitment to diversity and inclusion. Geldof, on the other hand, is known for its sustainable methods and solutions in the storage, handling, and processing of bulk solids, liquids, and gases.
The partnership is poised to address the infrastructure needs of the European market, where sustainable energy resources are increasingly critical.
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