Symbio Infrastructure (“Symbio”) and Siemens Energy announced today that they have entered into an agreement whereby Siemens Energy will provide engineering services, comprehensive lifecycle equipment and technology solutions, and further carbon emission footprint reduction solutions for Symbio’s subsidiary GNL Quebec’s carbon-neutral Énergie Saguenay liquefied natural gas (“LNG”) project in Quebec, as well as Symbio’s subsidiary Gazoduq’s carbon-neutral natural gas transmission line project between Ontario and Quebec.
Siemens Energy is one of the world’s leading energy technology companies. The company works with its customers and partners on energy systems for the future, thus supporting the transition to a more sustainable world. With its portfolio of products, solutions and services, Siemens Energy covers almost the entire energy value chain – from power generation and transmission to storage. The portfolio includes conventional and renewable energy technology, such as gas and steam turbines, hybrid power plants operated with hydrogen, and power generators and transformers. More than 50 percent of the portfolio has already been decarbonized. A majority stake in the listed company Siemens Gamesa Renewable Energy (SGRE) makes Siemens Energy a global market leader for renewable energies. An estimated one-sixth of the electricity generated worldwide is based on technologies from Siemens Energy. Siemens Energy employs more than 90,000 people worldwide in more than 90 countries and generated revenue of around €27.5 billion in fiscal year 2020 www.siemens-energy.com.
Symbio Infrastructure is a Quebec-based limited partnership backed by ESG-focused global investors. Symbio collaborates with its stakeholders and host communities to develop, build, and operate benchmark-setting energy projects that leverage cutting-edge technology and artificial intelligence to promote environmental stewardship locally, while helping to reduce GHG emissions and air pollution globally. Symbio has invested in two innovative, carbon-neutral companies, namely GNL Quebec Inc and Gazoduq Inc, and is exploring other solutions to meet global energy needs.