PARIS: Technip Energies (PARIS:TE) said on Thursday it has entered into a definitive agreement to acquire the Advanced Materials & Catalysts business from Ecovyst Inc. (NYSE:ECVT) for $556 million, expanding its catalyst technology portfolio and boosting recurring revenues. The deal, valued at an EBITDA multiple of approximately 9.8, includes Advanced Silicas and Zeolyst International—a joint…
Tag: Technip Energies
Technip Energies reports robust H1 2025 results, raises TPS margin guidance
Company posted a 15% increase in consolidated revenue, reaching €3.6 billion, while recurring EBITDA rose 13% to €319 million PARIS: Technip Energies reported strong unaudited financial results for the first half of 2025, underscoring its continued momentum and strategic progress in energy infrastructure and decarbonization. The company posted a 15% year-over-year increase in consolidated revenue,…
Technip Energies to develop oil and gas condensate field Karachaganak in Kazakhstan
PARIS: Technip Energies (PARIS:TE), through its joint-venture TKJV LLP with KPSP, announced the signing of a long-term services frame agreement with Karachaganak Petroleum Operating B.V. (KPO) for the development of the Karachaganak Field, located in northwest Kazakhstan near Aksai. This five-year agreement covers a comprehensive range of services, from consulting and concept to detailed engineering,…
SBM Offshore and Technip Energies to jointly create EkWiL, a floating offshore wind company
AMSTERDAM: SBM Offshore and Technip Energies have signed a Memorandum of Understanding for the creation of a joint venture entity, EkWiL. The new company will be a Floating Offshore Wind (FOW) pure player, capable of proposing a wide range of solutions to clients. EkWiL will combine the people expertise, engineering and delivery capabilities, and complementary…
Technip Energies announces €100 million share buy-back program
PARIS: Technip Energies, a leading Engineering & Technology company for the Energy Transition, has launched a share buy-back program of up to €100 million, with the aim of returning capital to shareholders and fulfilling its obligations under equity compensation plans, a company announcement noted. The program, which will run until December 31, 2024, will allow…
Technip Energies announces new Executive Committee members
PARIS, FRANCE: Technip Energies, a leading Engineering & Technology company for the energy transition, has announced the appointment of three new members to its Executive Committee. Naïla Giovanni has been named as the Chief Digital and Information Officer (CDIO), a newly created position that will accelerate the company’s digital transformation. Giovanni has over 25 years…
Zhero Europe secures investment from energy giants for green projects
PARIS, FRANCE: Zhero Europe, a company that aims to develop large-scale renewable energy projects in Europe and Africa, has signed a preliminary agreement with TotalEnergies, Baker Hughes, Technip Energies, Azimut and other investors. The investors will provide financing and expertise to help Zhero Europe advance its project portfolio, which involves renewable power generation, power interconnections…
Technip Energies and John Cockerill launch Rely, a green hydrogen company
PARIS, FRANCE: Technip Energies and John Cockerill have announced the creation of Rely, a new company that will offer integrated and competitive green hydrogen solutions. The two industrial leaders in the hydrogen market aim to help energy and heavy industries reach net-zero goals by providing end-to-end solutions for hard-to-abate and hard-to-electrify sectors. Rely will benefit…
TechnipFMC sells 9 million Technip Energies shares for €118.4mn
PARIS, FRANCE: TechnipFMC plc announced the sale of 9 million Technip Energies N.V. shares through private sale transactions. The sale price of the shares is set at €13.15 per Share, yielding total gross proceeds of €118.4 million. Upon completion of the Sale, representing approximately 5% of Technip Energies’ issued and outstanding share capital, TechnipFMC retains…
Technip Energies to construct petrochemical complex in UAE
PARIS, FRANCE: Technip Energies (EPA:TE) in consortium with TARGET Engineering by Abu Dhabi Polymers co. Ltd. (Borouge) will construct a new Ethane Cracker Unit, to be integrated in the Borouge 4 petrochemical complex in Ruwais, UAE. Borouge is a joint-venture between ADNOC and Borealis. The EPC contract was signed by H.E Dr. Sultan Al Jaber,…
Technip and TÜV Rheinland to expand project management consultancy services
PARIS, FRANCE: Technip Energies and TÜV Rheinland have signed a strategic alliance to offer Project Management Consulting Services to clients in the infrastructure, energy, chemicals and mining & metals industries. The 5-year alliance will leverage the two companies’ strengths as world class players in their respective industries and grow the footprint of both parties to…
Technip Energies awarded India’s largest hydrogen project by NTPC
PARIS, FRANCE: Technip Energies has been awarded an Engineering, Procurement, Construction and Commissioning (EPCC) contract by NTPC for its Proton Exchange Membrane (PEM) Based Hydrogen Generation Plant project at Vindhyachal, Madhya Pradesh, India. The EPCC contract covers the delivery of a 5 MW Hydrogen Generation Plant using Proton Exchange Membrane (PEM) Electrolysis technology at a…