Welcome to our dedicated page for TECHNIP ENERGIES news (Ticker: THNPY), a resource for investors and traders seeking the latest updates and insights on TECHNIP ENERGIES stock.
Technip Energies, represented in the U.S. by THNPY American depositary receipts, reports developments across engineering and technology work for the energy transition. Recurring updates include LNG project awards, Process Design Package and FEED work, hydrogen and ethylene technologies, blue and green hydrogen initiatives, sustainable chemistry, and CO2 management projects.
Company news also covers technology partnerships such as autothermal reforming and partial oxidation licensing for blue hydrogen, carbon capture collaborations using Shell CANSOLV technology, and Reju, its textile-to-textile regeneration business focused on polyester waste circularity. Governance and issuer updates include annual report publication, annual general meeting materials, financial-results scheduling, Euronext Paris listing references, and the Level 1 sponsored ADR program traded over the counter in the United States.
Technip Energies has signed a Memorandum of Understanding (MoU) with Greenko ZeroC to explore Green Hydrogen project development in India. The partnership focuses on sectors including refining, petrochemicals, and power plants, aiming to enhance energy transition efforts. Greenko will operate and own the assets while Technip Energies will provide engineering and project management support. Both companies leverage complementary strengths in hydrogen, renewable energy, and technology to deliver scalable carbon-neutral solutions.
Technip Energies reported strong financial results for FY 2021, showcasing an adjusted revenue growth of 11% year-over-year, reaching €6.67 billion. The Recurring EBIT margin improved to 6.5%, with net profit at €251.4 million and diluted EPS of €1.39. The company announced its first dividend of €0.45/share and secured nearly €10 billion in orders, 94% from outside Russia, boosting backlog to €16.39 billion. Despite challenges due to the Ukraine war, Technip remains confident in its diversified business model and ongoing projects.
Technip Energies is closely monitoring the situation in Russia and Ukraine, prioritizing the safety of its employees. Operations remain unaffected. The company emphasizes its expertise in managing contracts in challenging environments, which helps mitigate risks and support its investments in strategic initiatives and dividends. As a leader in the energy transition, Technip Energies focuses on delivering solutions in Liquefied Natural Gas, hydrogen, and sustainable chemistry. The annual earnings release is scheduled for March 3, 2022.
Hy2gen AG has successfully completed a €200 million investment round, marking the largest private capital raise focused on green hydrogen to date. The funds will facilitate the construction of facilities across Europe, producing green hydrogen-based fuels, or e-fuels, for various sectors including transportation and industry. Key investors include Hy24, Mirova, CDPQ, and Technip Energies. Hy2gen aims to lead in green hydrogen production, already planning 880MW and developing an additional 12GW of projects.
Technip Energies has secured a significant Engineering, Procurement, Construction and Commissioning (EPCC) contract from PETRONAS Chemicals Fertiliser Kedah Sdn. Bhd. for a new melamine plant in Gurun, Malaysia. The project, utilizing CASALE Low Energy Melamine technology, will produce 60,000 tons per annum while recycling CO2 to minimize its carbon footprint. Technip Energies will oversee project management and engineering, with Dialog E&C handling construction. This contract is valued between €50 million and €250 million, marking a key milestone in Technip Energies' operations in Malaysia.
Technip Energies has acquired a 16.3% stake in X1 Wind, a renewable energy startup known for its innovative offshore wind turbine floater. This strategic investment is part of a funding round led by Technip, with participation from the European Innovation Council Fund. Technip will hold two seats on X1 Wind’s Board and contribute engineering support to develop X1 Wind’s technology, which aims for a lighter, more efficient mooring system for large-scale offshore wind farms. The collaboration targets the commercialization of this pioneering wind technology.
Technip Energies (Euronext: TE) is set to release its full year 2021 financial results and discuss its 2022 guidance on March 3, 2022 at 07:30 CET. A conference call will follow at 14:00 CET. The company specializes in the energy transition, with a strong presence in Liquefied Natural Gas (LNG) and hydrogen sectors. Technip Energies operates in 34 countries and employs around 15,000 people, focusing on innovative project delivery that supports sustainability efforts.
Technip Energies has announced an agreement to acquire 1.8 million ordinary shares from TechnipFMC at a price of €13.15 per share. This transaction is part of a broader sell-down by TechnipFMC to reduce its stake in the company from approximately 11% to around 7%. The settlement is expected by January 14, 2022. Other stakeholders, including Bpifrance Participations SA and HAL Investments, will also acquire shares as part of the sale. Technip Energies, a leader in the energy transition sector, operates in 34 countries with a workforce of 15,000.
Technip Energies and GE Gas Power have partnered to conduct a Front-End Engineering Design (FEED) study for the Net Zero Teesside (NZT) Power project in the UK. This groundbreaking project focuses on developing a large-scale amine-based carbon capture solution alongside an 860MW natural gas power station. Following the FEED study, the consortium will be invited to bid for the construction contract. The collaboration aims to decarbonize operations and establish the region as the UK's first decarbonized industrial cluster, utilizing Shell’s Cansolv CO2 capture technology with a planned capacity of 2 million tons per annum.
Technip Energies has secured a contract from the Abu Dhabi National Oil Company (ADNOC) to update the Front-End Engineering Design (FEED) for the Ghasha mega project, focusing on carbon capture integration. This project, part of the Ghasha Concession, is expected to produce over 1.5 billion standard cubic feet per day of natural gas. Production is slated to begin in 2025. The updated FEED aims to optimize project costs and enhance carbon capture efforts, reinforcing ADNOC's sustainability commitments.