Technip Energies looks to break boundaries

In a nutshell could you introduce Technip Energies?

Technip Energies is a leading engineering and technology company focusing on energy transition. We lead the way in liquefied natural gas (LNG), hydrogen, and ethylene, and have growing market positions in blue and green hydrogen, sustainable chemistry, and CO2 management. Our broad offering of project capabilities, technologies, products, and services, enables us to break boundaries to accelerate the journey to a low-carbon society.

Technip Energies became independent on February 16, 2021. The company’s new name is a tribute to a renowned and respected brand, “Technip”, which represents foundations built up over 60 years of successful operations. Meanwhile, “Energies” reflects our vision to break boundaries and accelerate the journey to a low carbon society. T.EN, which means both Technip ENergies and Transition ENnergies, is our symbol.

We want Technip Energies to be a world leader in energy engineering and technologies, particularly serving energy transition projects around the world, and helping our customers achieve their net zero targets. To this end, each of our 15,000 employees is driven by a steady commitment to clients and a culture of smart project execution, purposeful innovation, challenging industry conventions, and rethinking how the best results can be achieved.

We want Technip Energies to be a world leader in energy engineering and technologies, particularly serving energy transition projects around the world, and helping our customers achieve their net zero targets.

What role does Technip Energies play in accelerating the Energy Transition?

With decades of experience with Technology Integration in the energy industry, we leverage our engineering, process and technology skills, as well as our R&D facilities, to define and deploy decarbonized solutions for a better environment.

Our energy transition offering is built on four pillars:
● LNG and low-carbon LNG. We deliver the necessary infrastructure for this critical fuel as we transition to a low-carbon society. From an industry maturity perspective, LNG is the most advanced in terms of technology, economics, and investment, as well as in capacity to decarbonise. We are a clear leader in LNG, with exceptional references and notable contracts including the recent NFE bid in Qatar which includes a significant carbon capture usage and storage (CCUS ) facility. We believe LNG offers many more opportunities.
● Sustainable Chemistry. We offer a variety of technologies, processes, and services in the areas of biofuels, biochemicals and circular economy. Here we can bring in our abilities in technology development, integration, engineering, and licensing proficiency.
● Decarbonisation. We have seen recent acceleration in this area. Our scope spans from energy efficiency to carbon capture solutions through low carbon/blue hydrogen. The decarbonisation of our traditional markets is increasingly important. Most of our customers are actively assessing ways to reduce the environmental impact of existing and new assets.
● Carbon-free Energy Solutions. We are expanding our portfolio of technologies and processes to carbon-free energy chains such as carbon-free or green hydrogen produced from renewable energy.

The momentum in energy transition is strong; interest from our customers is real, and we are building our positions across the key energy transition growth areas.

What role will hydrogen play in the future and what are you doing in this space?

Hydrogen is a key lever to reach net zero targets and, in the long-term, it has the potential to be as important in the energy mix as natural gas is today.

Technip Energies is known as a world leader in hydrogen. We have delivered our proprietary steam reforming technology to over 270 plants globally, representing more than 35 percent of the global installed base, with over 50 facilities featuring carbon capture capabilities.

Looking ahead, the World will need large quantities of cheap and clean hydrogen. The combination of our grey hydrogen heritage and leading carbon capture solutions puts us in a strong position to fully engineer and construct blue hydrogen plants. We recently launched BlueH2 by T.EN^TM, our full suite of deeply-decarbonised and price-competitive solutions for hydrogen production. This technology reduces carbon emissions up to 99 percent compared with traditional hydrogen and its flexibility allows BlueH2 to be tailored to each individual application.

In green hydrogen, our ambition is to act as a leading technology integrator and EPC/services supplier for green hydrogen projects. And the technology collaboration and equity investment in McPhy, a leading manufacturer of equipment used in the production and distribution of green hydrogen, is an excellent example of this ambition.

The momentum in energy transition is strong; interest from our customers is real, and we are building our positions across the key energy transition growth areas.

How are you working towards carbon neutrality?

The drastic reduction required to reach net zero by 2050 or before can only be achieved through the rapid and combined deployment of:
● changes in our energy mix and increased use of renewables;
● drastic improvements in energy efficiency across industries; and
● deployment of CCUS infrastructure.

Today, there is a clear global consensus around the fact that these three key dimensions need to be implemented together. Technip Energies has a wide portfolio of technologies and capabilities that provide robust solutions in these dimensions, positioning our company as a key player in the energy industry’s journey to a low carbon future.

We are the architects of our clients infrastructures. We are therefore ideally placed to influence and to propose solutions integrating technologies towards carbon neutrality or carbon negativity at scale.

Our extensive hydrogen expertise, as well as our capabilities around carbon-free energy solutions will help address the shift to a low carbon energy mix. As an illustration of our ambitions, we have recently created a floating offshore business unit supported by our capabilities and references.

Carbon neutrality will only be achieved through the collaboration of industry leaders like Technip Energies with other leading companies. At Technip Energies, we’re know for partnering well.
Our experience, renowned process engineering, and project management capabilities in all sectors of the energy industry allow us to develop solutions to increase the energy efficiency of existing and future infrastructure. We are using our extensive experience in LNG, offshore, refining, petrochemicals, and fertilizers to help our clients increase the energy efficiency of their facilities.

As one of the world’s most experienced engineering companies, Technip Energies is a global leader in delivering CCUS solutions and developing to large scale the next generation of these technologies. One of our recent wins, as mentioned earlier, the North Field Expansion project in Qatar, features a large CCUS scope, reflecting our ability to integrate technologies towards low carbon LNG.

In this area, we have a strategic alliance with the proven and reference technology of Shell Cansolv to provide robust carbon capture solutions for our clients. And we continue to develop innovative and integrated solutions to enable cost effective and re-deployable shared infrastructures for the offshore sequestration of CO2, such as our Offshore C-Hub^TM concept.

Carbon neutrality will only be achieved through the collaboration of industry leaders like Technip Energies with other leading companies.

What experience can you bring to the table in terms of energy transition?

Energy transition is our business. We have been active in LNG since the 1960s. Over the last 20 years we have contributed to improving the efficiency of ethylene plants by reducing CO2 emissions by 30 percent. About 10 years ago, we were early to the market in executing biorefineries, delivering some of the biggest in the world, and our exclusive cooperation with Neste on their NEXBTL technologies will help increase the production of renewable fuels, in particular sustainable aviation fuels.

Technip Energies has secured more than 100 energy transition contracts since early 2020; over 70 percent of our backlog, which reached $18 billion in Q1 2021, is in energy transition, including LNG projects.

Blending our wealth of expertise, competencies, technologies, services, manufacturing, and fabrication skills allows us to be proactive at a very early stage and propose the best way forward to our clients when it comes to energy transition.

What is the company ambition in terms of ESG (Environmental, Social, Governance)?

ESG and Sustainability are key priorities for us, and we want to be recognised as standard bearers in this area. In order to define a clear and solid ESG roadmap, we have started a materiality assessment to define the ESG and sustainability issues that matter most to our business and our stakeholders.

Within our first year, we will launch our Sustainability Roadmap, which will be part of our business strategy. As a first step, and as part of our commitment to embed ESG at the heart of our business, we recently signed the United Nations Global Compact, which encourages companies to adopt principles of corporate sustainability into their practices.

Looking forward, we will issue an Annual Sustainability Report and scorecard to describe our practical actions and measure our progress. This is essential to our foundational beliefs and our pledge to build a better and sustainable tomorrow for all.