Technip Energies and Saulsbury Industries win EPC contract for carbon capture and storage at ExxonMobil LaBarge, Wyoming, USA


PARIS–(BUSINESS WIRE)–Regulatory news:

Technip Energies (PARIS:TE), in consortium with Saulsbury Industries, has been awarded an engineering, procurement and construction (EPC) contract to extend carbon capture and storage (CCS) at the plant ExxonMobil of LaBarge, Wyoming.

The LaBarge plant has already captured more CO2 than any other facility in the world(1). The plant has a capture capacity of more than 6 million metric tons per year, and this expansion project will capture more than 1 million additional metric tons of CO2 per year.

The expansion will consist of modifying the existing gas processing facility to increase carbon capture capacity and installing a pipeline to transport the CO2 to the tank where it will be stored. Technip Energies will be responsible for engineering and procurement services, while Saulsbury Industries will be responsible for the construction and installation of the pipeline.

Laure Mandrou, Senior Vice President Low Carbon Solutions at Technip Energiescommented : “We are very pleased to be working with ExxonMobil to expand CCS to LaBarge, the world’s largest carbon capture facility. We are committed to advancing the energy transition and this project will be a benchmark in reducing carbon emissions. »

Dan Ammann, president of ExxonMobil Low Carbon Solutionsdeclared: “The expansion of carbon capture and storage capacity at LaBarge underscores ExxonMobil’s commitment to advancing low-emission technologies with projects around the world. Carbon capture and storage is necessary to help achieve society’s net zero goals and, with the right policies in place, the technology can be widely deployed immediately.

Dennis Chismar, Senior Vice President of Saulsbury Industriesdeclared: “We are delighted to collaborate with Technip Energies and support this exciting project with ExxonMobil. Our commitment to help reduce carbon emissions and to be a key contributor to the LaBarge expansion project marks a proud and historic moment for Saulsbury.

(1) Source: ExxonMobil plans to increase carbon capture at LaBarge, Wyoming plant

To learn more about Decarbonization: Technip Energies is a provider of consulting, engineering and technology services for the low carbon energy market. To learn more about our decarbonization capabilities, visit https://www.technipenergies.com.

About Technip Energies

Technip Energies is a leading engineering and technology company for the energy transition, with leading positions in liquefied natural gas (LNG), hydrogen and ethylene, as well as growing market positions in the blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by an extensive offering of technologies, products and services.

Present in 34 countries, our 15,000 employees are fully committed to bringing our customers’ innovative projects to life, to breaking down borders to accelerate the energy transition for a better future.

Technip Energies is listed on Euronext Paris with American Certificates of Deposit (“ADR”) traded over-the-counter in the United States. For more information: www.technipenergies.com.

About Saulsbury Industries

Saulsbury Industries is a full-service engineering, procurement, manufacturing and construction company that specializes in building the infrastructure needed to power the future. Saulsbury serves customers in heavy industrial markets by designing and constructing safe, well-executed and capital-efficient projects nationwide. Based in Odessa, TX, the company’s national office footprint includes Dallas, Houston, Port Arthur, Henderson, Abilene, Pecos and Corpus Christi, TX; Carlsbad, New Mexico; Tulsa, okay; and Bismarck, ND. For more information, visit www.saulsbury.com and follow Saulsbury on LinkedIn, Facebook or Twitter.

Important Information for Investors and Security Holders

Forward-looking statement

This release contains “forward-looking statements” as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events and to revenues, profits, cash flows or other aspects of Technip Energies’ operations or results of operations. Forward-looking statements are often identified by the words “believe”, “expect”, “anticipate”, “plan”, “intend”, “anticipate”, “should”, “should”, “could”. ‘, ‘could’, ‘estimate’, ‘outlook’ and similar expressions, including their negative form. The absence of these words, however, does not mean that the statements are not forward-looking. These forward-looking statements are based on Technip Energies’ current expectations, beliefs and assumptions regarding future developments and business conditions and their potential effect on Technip Energies. Although Technip Energies believes that these forward-looking statements are reasonable as made, there can be no assurance that future developments affecting Technip Energies will be those that Technip Energies anticipates.

All of Technip Energies’ forward-looking statements involve risks and uncertainties (some of which are material or beyond Technip Energies’ control) and assumptions that could cause actual results to differ materially from Technip Energies historical experience and current expectations or projections of Technip Energies. . Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may differ materially from those set forth in the forward-looking statements. For additional information on known material factors that could cause actual results to differ materially from projected results, please see Technip Energies’ risk factors disclosed in Technip Energies’ filings with the Securities and Exchange Commission. United States, which includes amendment no. 4 to Technip Energies’ registration statement on Form F-1 filed on February 11, 2021.

Forward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. Technip Energies undertakes no obligation and will not necessarily update forward-looking statements in light of new information or future events, except to the extent required by applicable law.

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