Technip Energies invests within the United Airways Ventures Sustainable Flight Fund, advancing Sustainable Aviation Gas Improvement.
Technip Energies (PARIS:TE) pronounces a strategic funding within the United Airways Ventures Sustainable Flight Fund. This progressive fund is strategically designed to leverage cross-industry help, offering start-ups engaged on Sustainable Aviation Fuels (SAF) analysis, manufacturing and know-how, with each monetary and strategic capital.
This funding positions Technip Energies as the primary strategic associate with Engineering, Procurement, and Development capabilities on this Fund comprised of greater than 20 company companions that make up all components of the aviation provide chain – airways, plane and engine producers, gas producers, financiers, journey administration and extra.
Arnaud Pieton, CEO of Technip Energies, commented:
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By becoming a member of the United’s Sustainable Flight Fund, Technip Energies reaffirms its dedication to addressing one of many {industry}’s essential challenges: the present lack of industrial-scale options to fulfill the market demand for Sustainable Aviation Gas (SAF).
“By bringing our engineering experience, know-how scale-up capabilities and world mission supply know-how, we be a part of the journey of accelerating the availability to fulfill the growing demand for SAF, aligning with the net-zero trajectory.”
The Fund represents a major collaborative effort, drawing experience from numerous sectors of the aviation {industry}, to propel ahead the development of sustainable gas options. By way of this collective strategy, the Fund goals to catalyze the transition to a extra sustainable aviation sector.
About Technip Energies
Technip Energies is a number one Engineering & Know-how firm for the vitality transition, with management positions in Liquefied Pure Fuel (LNG), hydrogen and ethylene in addition to rising market positions in blue and inexperienced hydrogen, sustainable chemistry and CO2 administration. The corporate advantages from its sturdy mission supply mannequin supported by in depth know-how, services providing.
Working in 35 nations, our 15,000 individuals are absolutely dedicated to bringing our shopper’s progressive initiatives to life, breaking boundaries to speed up the vitality transition for a greater tomorrow.
Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”). For additional info: www.ten.com.
Technip Energies Invests within the United Airways Ventures Sustainable Flight Fund, Advancing Sustainable Aviation Gas Improvement, February 21, 2024
