Technip Energies Acquires the Research and Development Company Processium to Accelerate on Technology Development for a Net Zero Trajectory

PARIS, July 03, 2023–(Small business WIRE)–Technip Energies (Paris:TE) (ISIN:NL0014559478) announces the acquisition of Processium, an professional business in system growth, geared up with laboratory and piloting facilities located in Lyon, France.

Processium is an industrial development lover developing and creating upcoming-era processes to support the electrical power transition and greatly enhance producing competitiveness in the subject of sustainable chemical compounds.

With this acquisition, Technip Energies will pursue its strategic goal of accelerating the advancement of new procedures and technologies to satisfy the urgent needs of a speedy-increasing marketplace, driven by sustainability objectives. Technip Energies will improve its R&D portfolio and enlarge its service offer, having advantage from the hugely expert workforce of Processium with precise competencies in reactor style and scale-up, as perfectly as downstream purification and processing know-how.

The present day and dependable innovation heart delivers process progress providers that speed up and de-possibility new know-how introduction for clientele ranging from startups to substantial industrial companies. The integration with Technip Energies will develop special choices for its shoppers to guidance new procedure improvement and create added worth for the two firms.

Wei Cai, Main Technological know-how Officer of Technip Energies, commented: “We are quite thrilled by this option to leverage expertise and know-how from Processium. In shut collaboration with our existing know-how facilities, this acquisition will enhance our abilities to acquire proprietary technologies in the dynamic sustainable chemical compounds business.”

Pascal Rousseaux, Founder and Chief Govt Officer of Processium, commented: “We share the exact eyesight of market needs and the blend of our respective strengths will supply new choices to aid our clients at all stages from concept to industrial answer. Becoming element of the Technip Energies group will convey a large amount of benefit to our customers. We are incredibly pleased and psyched about the choices of collaboration with Technip Energies’ R&D groups.

About Technip Energies

Technip Energies is a major Engineering & Technological know-how firm for the vitality transition, with leadership positions in Liquefied Organic Gasoline (LNG), hydrogen and ethylene as well as developing current market positions in blue and environmentally friendly hydrogen, sustainable chemistry and CO2 administration. The business rewards from its sturdy job shipping and delivery design supported by comprehensive technology, products and solutions and services presenting.

Working in 35 countries, our 15,000 individuals are thoroughly dedicated to bringing our client’s progressive projects to everyday living, breaking boundaries to speed up the electricity transition for a better tomorrow.

Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”) buying and selling about-the-counter in the United States.
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