Technip Energies Capital Markets Day
Technip Energies (the “Company”) will today host its virtual Capital Markets Day in connection with TechnipFMC’s previously announced plan to separate into two industry-leading independent, publicly traded companies: TechnipFMC and Technip Energies. The transaction is expected to be structured as a spin-off of a majority stake in TechnipFMC’s Technip Energies segment. The separation is expected to be completed in the first quarter of 2021, subject to customary conditions and regulatory approvals.
Arnaud Pieton, Chief Executive Officer of Technip Energies, stated, “Technip Energies is a leading engineering and technology company for the energy transition. We have world leading market positions in LNG, ethylene and hydrogen, and we are central to powerful energy transition themes – from decarbonization to carbon-free solutions – to meet today’s and tomorrow’s energy challenges. We have growing positions on break-through technologies in green hydrogen, sustainable chemistry and CO2 management. Today, our extensive backlog and a breadth of commercial opportunities provide strong revenue visibility and medium-term margin expansion potential. Our asset light business and strong balance sheet provide a solid platform to support our growth ambitions and high return-on-invested capital through the cycle. Ultimately, we aim to be the reference investment platform for the Energy Transition.”
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