Technip Energies has revealed significant earnings growth in the first quarter of 2024, with an increase of 11.5% to 90.8 million euros. This increase is underpinned by the success of our LNG projects in the Middle East. The company also recorded a 19% increase in new orders to 850 million euros over the period.
Sales momentum and strategic expansion
Technip Energies’ backlog grew by an impressive 26%, reaching 15.26 billion euros at the end of the quarter. Arnaud Piéton, Managing Director, underlined the strong demand for engineering studies, particularly in carbon capture, reflecting the company’s strategic focus on green technologies.
Key projects and future prospects
The company has been selected for major LNG and carbon capture projects, promising strong order prospects for the year. These projects include initiatives with Adnoc for LNG production infrastructure and a significant project with TotalEnergies in Oman for the construction of a gas liquefaction plant.
Innovations in decarbonation and renewable energies
Alongside its LNG activities, Technip Energies is also investing in decarbonization technologies and the development of floating wind turbines. A partnership with LanzaTech has led to a $200 million grant from the US Department of Energy for an innovative project to produce ethylene from CO2.
Technip Energies’ financial results, combined with its commitment to innovation in carbon capture and renewable energies, clearly show that the company is well positioned to play a major role in the global energy transition.
