Technip Energies has been awarded an in depth engineering and design contract by Larsen & Toubro Restricted’s Hydrocarbon enterprise for a QatarEnergy LNG mission within the North Area concession offshore Qatar.
The mission is known as the North Area Manufacturing Sustainability Offshore Compression Undertaking, of which Technip has accomplished the front-end engineering and design (FEED) part, the corporate stated in a information launch.
Technip outlined the contract as “important,” which it outlined as representing income between $56.5 million and 282.5 million (EUR 50 million and 250 million).
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Underneath the contract, Technip Energies will present detailed engineering design for 2 offshore compression complexes. Every advanced will consist of enormous offshore platforms, flare platforms, interconnected bridges, and different related buildings, in response to the discharge.
Marco Villa, Chief Enterprise Officer of Technip Energies, stated, “We’re happy to be entrusted by L&T and QatarEnergy LNG for the detailed engineering design of the NFPS COMP 4 mission. This choice highlights the boldness and belief in our engineering experience and Technip Energies’ established functionality to help Qatar’s vitality safety, formidable initiatives and goals”.
SAF Undertaking in Australia
Additional Technip Energies additionally received a FEED contract from Jet Zero Australia Pty Ltd for Undertaking Ulysses, a bioethanol to sustainable aviation gasoline (SAF) mission situated in Townsville, Australia.
The FEED contract covers an in depth bundle of engineering actions, documentation and planning to refine the associated fee estimate for the mission and develop detailed timelines, the corporate stated in an earlier assertion.
The mission goals to supply 102 million liters of SAF and 11 million liters of renewable diesel yearly by 2028 utilizing Australian bioethanol and applied sciences from Technip Energies and LanzaJet. Technip’s Hummingbird know-how converts the bioethanol to sustainable ethylene and LanzaJet’s alcohol-to-jet know-how transforms the ethylene to SAF, in response to the assertion.
Sylvain Cabalery, SVP for Sustainable Fuels, Chemical compounds and Circularity at Technip Energies, stated, “We’re very happy to see Undertaking Ulysses shifting ahead to offer the primary alcohol-to-jet SAF plant in Australia. With the worldwide aviation trade searching for methods to additional safe their provide and decrease emissions, Technip Energies and LanzaJet built-in know-how is a great answer, bringing vitality safety whereas on the identical time eliminating as much as 70 % of greenhouse gasoline emissions.”
First Quarter Outcomes
In its most up-to-date earnings launch, Technip Energies reported first-quarter adjusted earnings of EUR 0.56 per diluted share, up in comparison with EUR 0.50 within the earlier 12 months.
First-quarter income was EUR 1.85 billion, up from EUR 1.52 billion in the identical interval final 12 months.
“Technip Energies has made a strong begin to 2025 with year-over-year progress of twenty-two % in revenues and 19 % in EBITDA. This efficiency is reflective of the standard of our order consumption during the last two years, and our groups’ relentless concentrate on execution,” Technip Energies CEO Arnaud Pieton stated.
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