The acquisition of glycol purification technology
will accelerate Technip Energies’ Bio-2-GlycolsTM
commercialization.
Technip Energies (PARIS:TE) and Shell Catalysts
& Technologies announce a technology transfer agreement which
accelerates the commercialization of Technip Energies’
Bio-2-GlycolsTM technology for bio-based Mono Ethylene Glycol (MEG)
production from glucose.
MEG is traditionally produced using fossil-based
feedstock to make various types of polyesters for packaging
materials, such as plastic bottles, and in clothing apparel. With
this acquisition, Technip Energies intends to offer a bio-based
polyester solution by replacing fossil-based feedstock. By using a
bio-sourced monomer, the Bio-2-GlycolsTM technology allows for
polyesters to be produced with lower carbon footprints and less
environmental impact.
This technology transfer agreement allows to
combine Shell’s research and development results with Technip
Energies’ bio-MEG technology, to offer a more efficient, bio-based
MEG technology to the market. The new combined technology will be
commercialized under the Bio-2-GlycolsTM trademark.
Wei Cai, Chief Technology Officer, of
Technip Energies commented: “We are pleased to have
completed this agreement which allows us to propose an optimized,
combined solution to make bio-MEG, a common feedstock for various
everyday life applications. We are confident about rapidly
commercializing our Bio-2-GlycolsTM technology. Our objective is to
offer this technology in 2025 which will contribute significantly
to the net zero challenge.”
Elise H. Nowee, President of Shell
Catalysts & Technologies commented: “We're excited to
announce this agreement with Technip Energies, combining our
respective technologies to enhance and accelerate the
commercialization of Bio-2-Glycols™. By integrating Technip
Energies’ expertise with our own development work on Bio-2-Glycols,
we're poised to expedite the deployment of sustainable alternatives
to fossil-based feedstocks, driving innovation, and together,
paving a way for a more efficient and sustainable solution in this
area.”
About Technip Energies
Technip Energies is a leading Engineering &
Technology company for the energy transition, with leadership
positions in LNG, hydrogen and ethylene as well as growing market
positions in blue and green hydrogen, sustainable chemistry and CO2
management. The Company benefits from its robust project delivery
model supported by an extensive technology, products and services
offering.
Operating in 34 countries, our 15,000 people are
fully committed to bringing our clients’ innovative projects to
life, breaking boundaries to accelerate the energy transition for a
better tomorrow.
Technip Energies shares are listed on Euronext
Paris. In addition, Technip Energies has a Level 1 sponsored
American Depositary Receipts (“ADR”) program, with its ADRs trading
over the counter.For further information: www.ten.com
About Shell Catalysts & Technologies
Shell Catalysts & Technologies exists to
provide Shell and non-Shell businesses with the tools, technologies
and insights that are needed to navigate the energy transition.
We are pushing boundaries in the energy
transition space. For decades, we have been developing
game-changing technological innovations to help solve challenges
that were previously thought to be unsolvable. Now we have, or are
developing, a wide range of differentiated solutions that offer
attractive decarbonisation opportunities, including biofuels,
carbon capture and decarbonised (blue) hydrogen technologies.
What sets us apart is the knowledge we have
gained from Shell’s corporate heritage as the operator of
refineries and petrochemical plants around the world. It also gives
us a unique perspective on how refiners can remain competitive.
Our world-class catalyst and research and
development expertise has enabled us to establish an enviable track
record for developing leading-edge zeolites and catalysts, advanced
solvents and pioneering processes, and provides a strong foundation
for our future technology development.
Contacts
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Relations Media
RelationsPhillip
Lindsay Jason
HyonneVice-President Investor Relations
Press
Relations & Social Media ManagerTel: +44 207 585
5051 Tel:
+33 1 47 78 22 89Email: Phillip
Lindsay Email: Jason
Hyonne
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- PR_Shell Technology Transfer Agreement_EN
- Technip Energies - Sustainable Chemistry
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