Technip Energies Acquires the Analysis and Growth Organization Processium to Speed up on Technological innovation Development for a Net Zero Trajectory

Technip Energies Acquires the Analysis and Growth Organization Processium to Speed up on Technological innovation Development for a Net Zero Trajectory

PARIS, July 03, 2023–(Business enterprise WIRE)–Technip Energies (Paris:TE) (ISIN:NL0014559478) announces the acquisition of Processium, an skilled enterprise in method enhancement, outfitted with laboratory and piloting amenities situated in Lyon, France.

Processium is an industrial advancement spouse building and acquiring following-era procedures to aid the power transition and boost producing competitiveness in the area of sustainable chemical compounds.

With this acquisition, Technip Energies will go after its strategic objective of accelerating the progress of new processes and technologies to satisfy the pressing needs of a rapid-rising market, pushed by sustainability objectives. Technip Energies will reinforce its R&D portfolio and enlarge its company supply, taking benefit from the highly skilled workforce of Processium with distinct competencies in reactor design and scale-up, as effectively as downstream purification and processing know-how.

The modern-day and reliable innovation centre gives process advancement services that accelerate and de-threat new know-how introduction for purchasers ranging from startups to huge industrial firms. The integration with Technip Energies will create exceptional offerings for its clients to help new system improvement and crank out additional price for the two businesses.

Wei Cai, Main Technologies Officer of Technip Energies, commented: “We are extremely thrilled by this chance to leverage talent and know-how from Processium. In shut collaboration with our present technological know-how centers, this acquisition will boost our abilities to build proprietary technologies in the dynamic sustainable chemical compounds business.”

Pascal Rousseaux, Founder and Chief Govt Officer of Processium, commented: “We share the identical vision of marketplace wants and the mixture of our respective strengths will give new choices to guidance our prospects at all stages from principle to industrial alternative. Currently being element of the Technip Energies group will bring a good deal of benefit to our customers. We are incredibly delighted and psyched about the opportunities of collaboration with Technip Energies’ R&D groups.

About Technip Energies

Technip Energies is a leading Engineering & Technological know-how corporation for the energy transition, with management positions in Liquefied Normal Gas (LNG), hydrogen and ethylene as effectively as rising sector positions in blue and inexperienced hydrogen, sustainable chemistry and CO2 management. The business added benefits from its strong project shipping and delivery model supported by considerable technology, merchandise and services giving.

Running in 35 international locations, our 15,000 people are fully committed to bringing our client’s impressive assignments to lifestyle, breaking boundaries to accelerate the energy changeover for a much better tomorrow.

Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”) trading in excess of-the-counter in the United States.
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