Technip Energies Awarded a Significant Contract by Neste for Renewable Products Refinery Expansion in Rotterdam

PARIS--(BUSINESS WIRE)--Regulatory News:

Technip Energies (PARIS:TE) has been awarded a significant⁽¹⁾ contract by Neste for the expansion of their renewable products production capacity in Rotterdam, the Netherlands, as part of the existing Partnership Agreement between Technip Energies and Neste.

The contract covers Engineering, Procurement services and Construction management (EPsCm) for the expansion of Neste’s existing renewables refinery in Rotterdam which will increase Neste’s overall renewable product capacity by 1.3 million tons per year.

This contract follows the Front-End Engineering and Design (FEED) delivered by Technip Energies in 2021.

The production process is based on Neste’s proprietary NEXBTL™ state-of-the-art technology, which allows the conversion of renewable waste and residue raw materials like used cooking oil and animal fat waste into renewable fuels.

Bhaskar Patel, SVP Sustainable Fuels, Chemicals and Circularity of Technip Energies, stated: “We are pleased to be entrusted once again by Neste for the expansion of their renewable products production platform in Rotterdam. This award relies on our long-term collaboration, illustrated by the successful delivery of two world-scale renewable products refineries in Rotterdam and Singapore and the ongoing expansion project of Neste’s renewable products refinery in Singapore. We are committed to make this project a success as we share a common vision of accelerating the transition towards a sustainable future, using technological advancement as a key lever.”

(1) A “significant” award for Technip Energies is a contract award representing between €50 million and €250 million of revenue.

To know more about Technip Energies capabilities in Biofuels:

Our engineering and end-to-end project management expertise applies directly to the biofuels market, particularly for biofuel refineries. We offer a wide range of services and proprietary and partnership-based technologies, including biodiesel and biojet production technologies as well as ethanol first- and second-generation processes. We have extensive experience in the design and construction of bioethanol plants.

Learn more: https://www.technipenergies.com/markets/biofuels

About Technip Energies

Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (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 extensive technology, products and services offering.

Operating in 34 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.

Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”) trading over-the-counter in the United States. For further information: www.technipenergies.com.

Important Information for Investors and Securityholders

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