Technip Energies acquires know-how from Shell to

The acquisition of glycol purification know-how will speed up Technip Energies’ Bio-2-GlycolsTM commercialization.

Technip Energies (PARIS:TE) and Shell Catalysts & Applied sciences announce a know-how switch settlement which accelerates the commercialization of Technip Energies’ Bio-2-GlycolsTM know-how for bio-based Mono Ethylene Glycol (MEG) manufacturing from glucose.

MEG is historically produced utilizing fossil-based feedstock to make numerous sorts of polyesters for packaging supplies, comparable to plastic bottles, and in clothes attire. With this acquisition, Technip Energies intends to supply a bio-based polyester answer by changing fossil-based feedstock. By utilizing a bio-sourced monomer, the Bio-2-GlycolsTM know-how permits for polyesters to be produced with decrease carbon footprints and fewer environmental influence.

This know-how switch settlement permits to mix Shell’s analysis and improvement outcomes with Technip Energies’ bio-MEG know-how, to supply a extra environment friendly, bio-based MEG know-how to the market. The brand new mixed know-how will probably be commercialized underneath the Bio-2-GlycolsTM trademark.

Wei Cai, Chief Know-how Officer, of Technip Energies commented: “We’re happy to have accomplished this settlement which permits us to suggest an optimized, mixed answer to make bio-MEG, a typical feedstock for numerous on a regular basis life purposes. We’re assured about quickly commercializing our Bio-2-GlycolsTM know-how. Our goal is to supply this know-how in 2025 which is able to contribute considerably to the online zero problem.”

Elise H. Nowee, President of Shell Catalysts & Applied sciences commented: “We’re excited to announce this settlement with Technip Energies, combining our respective applied sciences to boost and speed up the commercialization of Bio-2-Glycols™. By integrating Technip Energies’ experience with our personal improvement work on Bio-2-Glycols, we’re poised to expedite the deployment of sustainable options to fossil-based feedstocks, driving innovation, and collectively, paving a means for a extra environment friendly and sustainable answer on this space.”

About Technip Energies

Technip Energies is a number one Engineering & Know-how firm for the power transition, with management positions in LNG, hydrogen and ethylene in addition to rising market positions in blue and inexperienced hydrogen, sustainable chemistry and CO2 administration. The Firm advantages from its sturdy challenge supply mannequin supported by an intensive know-how, services providing.

Working in 34 nations, our 15,000 persons are totally dedicated to bringing our purchasers’ progressive initiatives to life, breaking boundaries to speed up the power transition for a greater tomorrow.

Technip Energies shares are listed on Euronext Paris. As well as, Technip Energies has a Degree 1 sponsored American Depositary Receipts (“ADR”) program, with its ADRs buying and selling over-the-counter.
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About Shell Catalysts & Applied sciences

Shell Catalysts & Applied sciences exists to offer Shell and non-Shell companies with the instruments, applied sciences and insights which might be wanted to navigate the power transition.

We’re pushing boundaries within the power transition house. For many years, we’ve been growing game-changing technological improvements to assist clear up challenges that have been beforehand regarded as unsolvable. Now we’ve, or are growing, a variety of differentiated options that supply engaging decarbonisation alternatives, together with biofuels, carbon seize and decarbonised (blue) hydrogen applied sciences.

What units us aside is the data we’ve gained from Shell’s company heritage because the operator of refineries and petrochemical crops around the globe. It additionally provides us a singular perspective on how refiners can stay aggressive.

Our world-class catalyst and analysis and improvement experience has enabled us to ascertain an enviable observe file for growing modern zeolites and catalysts, superior solvents and pioneering processes, and supplies a powerful basis for our future know-how improvement.

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Electronic mail: Phillip Lindsay                                Electronic mail: Jason Hyonne

Vital Data for Traders and Securityholders

Ahead-Wanting Statements

This press launch incorporates forward-looking statements that mirror Technip Energies’ (the “Firm”) intentions, beliefs or present expectations and projections in regards to the Firm’s future outcomes of operations, anticipated revenues, earnings, cashflows, monetary situation, liquidity, efficiency, prospects, anticipated development, methods and alternatives and the markets by which the Firm operates. Ahead-looking statements are sometimes recognized by the phrases “imagine”, “count on”, “anticipate”, “plan”, “intend”, “foresee”, “ought to”, “would”, “may”, “might”, “estimate”, “outlook”, and comparable expressions, together with the unfavourable thereof. The absence of those phrases, nevertheless, doesn’t imply that the statements should not forward-looking. These forward-looking statements are based mostly on the Firm’s present expectations, beliefs and assumptions regarding future developments and enterprise situations and their potential impact on the Firm. Whereas the Firm believes that these forward-looking statements are cheap as and when made, there may be no assurance that future developments affecting the Firm will probably be those who the Firm anticipates.

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For data concerning recognized materials components that might trigger precise outcomes to vary from projected outcomes, please see the Firm’s danger components set forth within the Firm’s 2023 Annual Monetary Report filed on March 8, 2024, with the Dutch Autoriteit Financiële Markten (AFM) and the French Autorité des Marchés Financiers (AMF) which embody a dialogue of things that might have an effect on the Firm’s future efficiency and the markets by which the Firm operates.

Ahead-looking statements contain inherent dangers and uncertainties and converse solely as of the date they’re made. The Firm undertakes no responsibility to and won’t essentially replace any of the forward-looking statements in mild of latest data or future occasions, besides to the extent required by relevant legislation.

  • PR_Shell Know-how Switch Agreement_EN
  • Technip Energies – Sustainable Chemistry

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