PRODUCTS AND TECHNOLOGIES, MARKET OUTLOOK

Suspension of Technip Energies’ Liquidity Contract

Technip | November 28, 2022 | Read time : 01:00 min

Suspension of Technip
Technip Energies N.V. announces that the liquidity agreement entered into with Kepler Cheuvreux dated July 9, 2021 has been suspended as of November 22, 2022, pending renewal of the resolution of the general meeting of shareholders authorizing share buybacks.

The number of shares and amount allocated as of November 22, 2022, close of trading, to the Liquidity Contract was 8,900 shares and €9,780,454.34. As a reminder, the securities and amounts that were allocated to the Liquidity Agreement as of June 30, 2022, were 207,823 shares and €6,832,747.61.

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 program, with its ADRs trading over-the-counter.

Spotlight

The R&D division of Mozy Corp. has just developed a chemical for sterilizing the vicious Brazilian “killer bees” which are invading Mexico and the southern United States.

Spotlight

The R&D division of Mozy Corp. has just developed a chemical for sterilizing the vicious Brazilian “killer bees” which are invading Mexico and the southern United States.

Related News

CHEMICAL TECHNOLOGY, MARKET OUTLOOK

BASF and Moleaer™ partner to combine novel technologies in the field of mining to enhance copper recovery at existing mines

BASF and Moleaer Inc. | November 10, 2022

Global chemical company BASF and Moleaer™ Inc., the global leader in nanobubble technology, announced an exclusive partnership. This partnership will combine expertise in mineral processing, hydrometallurgy, gas transfer, and nanobubble technology to develop innovative processes for mining. The initial aim is to target the copper leaching process and improve extraction rates of copper ores containing high levels of chalcopyrite, which have historically been difficult to leach.The demand for copper is expected to increase significantly, as it is an essential raw material for driving the electric revolution. This will play a key role as an enabler to decarbonizing the global economy. According to a report released in July by S&P Global Market Intelligence, the annual demand for copper is projected to reach 50 million metric tons by 2035, from the current 25 million metric tons today. The study also finds a potential copper deficit of as much as 10 million metric tons. As existing mines deplete their resources, higher demand will require new mines. In addition, ore grades are declining, ore mineralogy is becoming more complex, and ESG (Environmental, Social and Governance) responsibilities are increasing. The result is that new mines are taking longer and longer to come to fruition. Therefore, maximizing the recovery of copper from existing reserves has never been more crucial. Copper is extracted from primary sulfide ores through a flotation process and low-grade ores are traditionally discarded because they are too costly to process. Currently, an alternative hydrometallurgical heap leach process is employed for low grade oxide and secondary sulfide ores. It is, however, very difficult to leach primary sulfide ores, such as chalcopyrite, which leads to low recovery efficiencies. Based on test work conducted by BASF, Moleaer’s nanobubble technology improves the extraction process of valuable metals such as copper. When combined with BASF’s LixTRA™ reagent, the mineral recovery rates and efficiencies are compounded, especially in sulfide-based ores such as chalcopyrite, which have historically been challenging to leach effectively. “Technological improvements and collaborations like the one we announced today are essential if the industry is to maximize the recovery of copper at existing mines. By combining BASF’s LixTRA reagent, allowing greater ore-lixiviant contact, together with Moleaer’s nanobubble technology to facilitate a higher oxidative environment, we offer technology to the industry to significantly increase copper recoveries.” -Caren Hoffman, who leads the global mining solutions business at BASF Nick Dyner, CEO of Moleaer, added: We look forward to working with BASF, a global leader in mineral extraction chemistry, to improve the recovery of copper and help support the green economy. This important collaboration comes at a time when the ability of mining copper is only getting more costly and challenging. Moleaer’s nanobubble technology will allow the mining industry to improve the efficiency and efficacy in existing mines and narrow the gap between supply and demand of copper. About BASF mining solutions With innovative products, global field support and industry leading technical expertise, BASF mining solutions provides sustainable solutions which increase productivity, recovery and flexibility throughout the hydrometallurgical process of mining operations in leaching, solvent extraction, flotation, solid/liquid separation and tailings management. Further information can be found at www.mining-solutions.basf.com BASF mining solutions is part of BASF’s Performance Chemicals division. The division’s portfolio also includes fuel and lubricant solutions, plastic additives, as well as oilfield chemicals. Customers from a variety of industries including Chemicals, Plastics, Consumer Goods, Energy & Resources, and Automotive & Transportation benefit from our innovative solutions. To learn more, visit www.performancechemicals.basf.com About Moleaer Moleaer™ is the leading nanobubble technology company with over 2,000 nanobubble generator installations in 42+ countries. Deploying the unique power of nanobubbles, Moleaer enhances and improves the performance and productivity of some of the most critical industrial processes, unlocking the power of water to help farmers grow more food, empower businesses to manage their water needs more effectively and efficiently, and restore aquatic ecosystems sustainably without chemicals. Nanobubbles, which are 2,500 times smaller than a grain of salt, allow the scarce resource of water do more with less. They supersaturate water with oxygen, form natural oxidants for disinfection, improve plant health, and increase water’s ability to permeate soil and rock. Moleaer’s patented nanobubble technology provides the highest oxygen transfer rate in the aeration and gas infusion industry, with an efficiency of more than 85% per foot of water. Its nanobubble generators are a cost-effective, chemical-free solution proven to increase sustainable food production, reduce chemical usage, restore aquatic ecosystems, and improve natural resource recovery. Moleaer technology has been validated by extensive research and renown universities.

Read More

CHEMICAL MANAGEMENT, PRODUCTS AND TECHNOLOGIES

NextDecade and Itochu Corporation Sign 1.0 MTPA LNG Purchase and Sale Agreement

NextDecade Corporation | January 20, 2023

On January 19, 2023, NextDecade Corporation, a liquefied natural gas (LNG) development company committed on LNG associated pipelines and export projects, announced signing a 15-year-long sale and purchase agreement with Itochu Corporation for supplying liquefied natural gas (LNG) from NextDecade's Rio Grande LNG export project based in Brownsville, Texas. Under the terms of the sale and purchase agreement, ITOCHU Corporation will purchase 1.0 million tonnes per annum (MPA) of LNG on a free-on-board basis, indexed to Henry Hub. ITOCHU Corporation, a leading sogo shosha, engages in import/export, domestic trading, and overseas trading of various products such as machinery, textile, chemicals, metals, minerals, energy, and others. NextDecade's Chairman and Chief Executive Officer, Matt Schatzman, said, "We are honored to have Itochu Corporation as our first Japanese customer." He also stated, "We look forward to providing Itochu and their customers with LNG, and we are actively working to reduce the carbon footprint of the Rio Grande LNG facility through our proposed carbon capture and storage project." (Source – Business Wire) NextDecade aims for a favorable Final Investment Decision (FID) on the initial three trains of the Rio Grande LNG export project in the first quarter of 2023, with FIDs on the other trains to follow after that. About NextDecade Corporation Headquartered in Houston, Texas, NextDecade Corporation is an energy corporation expediting the arrival of a future with no net carbon emissions. NextDecade is dedicated to providing the world with cleaner energy with its innovative solutions for more sustainable LNG and carbon capture. Through its wholly-owned subsidiaries NEXT Carbon Solutions and Rio Grande LNG, the organization is developing a 27 MTPA LNG export plant in South Texas as well as one of North America's largest carbon capture and storage projects. It is also working with third-party clients throughout the world to deploy its exclusive processes to reduce CO2 emissions and lower the cost of carbon capture and storage at its industrial-scale facilities.

Read More

CHEMICAL MANAGEMENT, PRODUCTS AND TECHNOLOGIES

Aduro Announces Completion of Mechanical Assembly of its R2 Plastic Reactor

Aduro Clean Technologies Inc. | December 05, 2022

Aduro Clean Technologies Inc. a Canadian developer of patented water-based technologies to chemically recycle plastics and transform heavy crude and renewable oils into new-era resources and higher-value fuels, announces it has completed construction and mechanical assembly of its pilot-scale Hydrochemolytic™ continuous flow plastic reactor. Plans for testing and certifications are in place and final certification by the Technical Standard and Safety Authority is progressing with registration expected later this month. Once certified, the reactor unit will be moved to the newly expanded laboratory in London, Ontario for final testing and commissioning. The R2 Plastic unit is the Company’s customer engagement unit and is designed to handle various plastic feedstocks such as polyethylene, polypropylene, and polystyrene as single-stream materials, followed by a mixture of these feedstock streams. The R2 Plastic will also be used to evaluate the impact of materials found in multilayer plastics, such as paper, paper board, polymeric materials, metalized layers, and aluminum foil, effectively advancing Aduro’s plans of processing higher contaminated materials which are currently rejected by existing technologies. This is important data that will support the Company’s established scale-up and optimization program for the scaled-up pilot: R3 Plastic. In 2022, the Company undertook several projects including the construction of both the plastic upcycling and bitumen upgrading reactor units, the construction of a flash drum unit for pre-processing bitumen feedstock, and the expansion of laboratory facilities and laboratory capabilities that will centralize the Company’s resources for more efficient execution of our R&D, scale-up and commercialization plans. Completion of these projects positions the Company to execute in 2023 the R2 Reactor research and testing optimization program, the implementation of the customer engagement program and the delivery of reactor unit design, equipment procurement, fabrication, and commissioning of the scaled-up pre-commercial R3 Reactor unit. About Aduro Clean Technologies Aduro Clean Technologies is a developer of patented water-based technologies to chemically recycle waste plastics; convert heavy crude and bitumen into lighter, more valuable oil; and transform renewable oils into higher-value fuels or renewable chemicals. The Company’s Hydrochemolytic™ technology activates unique properties of water in a chemistry platform that operates at relatively low temperatures and cost, a game-changing approach that converts low-value feedstocks into 21st-century resources.

Read More