Latest news with #Delphy
Yahoo
4 days ago
- Business
- Yahoo
VALLOUREC OBTAINS THE QUALIFICATION OF ITS HYDROGEN STORAGE SOLUTION AND LAUNCHES COMMERCIALIZATION
Press Release VALLOUREC OBTAINS THE QUALIFICATION OF ITS HYDROGEN STORAGE SOLUTION AND LAUNCHES COMMERCIALIZATION Meudon (France), June 5, 2025 – Vallourec, a world leader in premium seamless tubular solutions, announces the official qualification of Delphy, its vertical gaseous hydrogen storage solution, by DNV. A world first, Delphy enables the storage of 1 to 100 tons of hydrogen under maximum safety conditions. Thanks to its minimal footprint, this vertical system - extending up to 100 meters underground - meets the challenge of complex and demanding industrial environments. It targets both green hydrogen producers and industrial players such as synthetic fuel producers (e-SAF, e-methanol), green ammonia producers, steelmakers, and refineries. The Delphy solution is the result of Vallourec's longstanding expertise and know-how and is based on proven technologies - tubes and connections - that have demonstrated excellent tightness and corrosion resistance. Launched in 2022, the project has involved around thirty researchers and experts, particularly in the areas of high-precision threading, heat treatment, and non-destructive testing. Since the inauguration of its demonstrator in December 2023, Vallourec has followed a rigorous process of development, testing, and validation of its hydrogen storage technology, culminating today in the qualification of Delphy. This qualification by recognized experts guarantees the solution's safety and reliability and marks a key milestone towards its commercialization. Vallourec has already signed two Memorandums of Understanding (MoUs): one with H2V, for green hydrogen production and utilization projects, and one with NextChem Tech, for green hydrogen and green ammonia projects. Around fifty projects - in France and internationally - are currently under discussion, representing potential revenue of approximately €2 billion. This qualification comes at a time when demand for storage infrastructure is expected to grow, to adapt to the intermittent and flexible nature of green hydrogen production. Demand for the Delphy storage solution will be fuelled by European regulations, which require storage solutions to pair with renewable electricity production, and by the French hydrogen strategy, which encourages green hydrogen producers to operate flexibly to contribute to power grid stability. Philippe Guillemot, Chairman of the Board of Directors and CEO of the Vallourec Group, commented: "The qualification of Delphy illustrates Vallourec's ability to leverage its industrial and technological expertise for new energy solutions. Thanks to the excellence of our teams, we are able to offer this unique solution that meets the challenges of developing the global hydrogen sector. This key milestone reinforces our position in the hydrogen market and our leadership in supporting global decarbonization efforts." Santiago Blanco, Executive Vice President & Director for Southern Europe, Energy Systems at DNV commented "DNV is proud to validate Vallourec's Delphy hydrogen storage solution—a milestone in safe, scalable hydrogen infrastructure. With our Energy Transition Outlook model projecting a need for 188 million tons of hydrogen annually by 2050, flexible storage like Delphy is critical to bridge renewable supply and industrial demand. As hydrogen unlocks decarbonization for hard-to-electrify sectors, independent technical assurance will be key to accelerating deployment and building market confidence." About Vallourec Vallourec is a world leader in premium seamless tubular solutions for the energy markets and for demanding industrial applications such as oil & gas wells in harsh environments, new generation power plants, challenging architectural projects, and high-performance mechanical equipment. Vallourec's pioneering spirit and cutting edge R&D open new technological frontiers. With close to 13,000 dedicated and passionate employees in more than 20 countries, Vallourec works hand-in-hand with its customers to offer more than just tubes: Vallourec delivers innovative, safe, competitive and smart tubular solutions, to make every project possible. Listed on Euronext in Paris (ISIN code: FR0013506730, Ticker VK), Vallourec is part of the CAC Mid 60, SBF 120 and Next 150 indices and is eligible for Deferred Settlement the United States, Vallourec has established a sponsored Level 1 American Depositary Receipt (ADR) program (ISIN code: US92023R4074, Ticker: VLOWY). Parity between ADR and a Vallourec ordinary share has been set at 5:1. About DNV DNV is the independent expert in risk management and assurance, operating in more than 100 countries. Through its broad experience and deep expertise DNV advances safety and sustainable performance, sets industry benchmarks, and inspires and invents solutions. Whether assessing a new ship design, optimizing the performance of a wind farm, analyzing sensor data from a gas pipeline, or certifying a food company's supply chain, DNV enables its customers and their stakeholders to make critical decisions with confidence. Driven by its purpose, to safeguard life, property, and the environment, DNV helps tackle the challenges and global transformations facing its customers and the world today and is a trusted voice for many of the world's most successful and forward-thinking companies. Learn more at For further information, please contact: Investor relations:Connor LynaghTel : +1 (713) Individual shareholders:Toll Free number (From France): 0 805 65 10 10actionnaires@ Press relations: Taddeo Romain GrièreTel : +33 (0)7 86 53 17 29 Nicolas EscoulanTel : +33 (0)6 42 19 14 74 Attachment Vallourec_Press Release_Delphy Qualification
Yahoo
28-02-2025
- Business
- Yahoo
Vallourec expects shipments rebound in 2nd half of 2025
By Mathias de Rozario and Johan BODINIER (Reuters) -France's Vallourec signalled improvement in deliveries in the second half of 2025 on Thursday, after it reported an expected 24% drop in fourth quarter earnings due to lower steel tube prices in North America. "We have seen prices fall throughout last year, but from a very high base," CEO Philippe Guillemot said in a call with journalists. The group's shares rose more than 5% in early trading, after it said the first half of 2025 would mark the low point for international shipments, with an improvement thereafter. Vallourec, which makes tubing for oil and gas, low-carbon energy and industrial markets, said its quarterly operating earnings before interest, taxes, depreciation and amortization (EBITDA) fell to 214 million euros ($224 million), driven by a 27% drop in the North American tubes business. Analysts at Midcap Partners said the decline was in line with market expectations after both deliveries and prices fell in the tubes business, which is responsible for more that 90% of Vallourec's total revenue. The metallurgical group forecast an operating EBITDA of between 180 million and 215 million euros for the first quarter of 2025, and confirmed it would pay its first dividend in 10 years at 1.50 euros per share. It said it was sticking to its strategy of refocusing on core operations and developing the business towards solutions for energy transition. During the fourth quarter of 2024, Vallourec sold Indonesia-based Logistics Group, specialized in providing integrated port and logistics services, for around 20 million euros. The company, which aims to supply the energy transition industry through its "New Energies" line, said its hydrogen storage solution, dubbed "Delphy", was set to get its first certification in the coming weeks. Guillemot also reiterated that he saw no direct impact on the company from tariffs imposed by the United States. "100% of what we sell to our on-shore customers in the United States is produced in the United States," he said. ($1 = 0.9555 euros)
Yahoo
31-01-2025
- Business
- Yahoo
VALLOUREC JOINS THE HYDROGEN COUNCIL
VALLOUREC JOINS THE HYDROGEN COUNCIL Meudon (France), January 31st, 2025 – Vallourec, a world leader in premium seamless tubular solutions, is pleased to announce its appointment as a new Supporting Member of the Hydrogen Council. This appointment represents a significant step for Vallourec as it strengthens its commitment to providing sustainable solutions and supporting the decarbonization of industrial sectors. The Hydrogen Council is a global CEO-led initiative that brings together leading companies with a united vision and long-term ambition for hydrogen to foster the clean energy transition. With a membership of 140 key players based in more than 20 countries, the Council fosters collaboration between governments, industry and investors to promote the development of hydrogen as a clean energy source. Vallourec has a key role to play in the development and structuring of the hydrogen industry. The Group brings its expertise and portfolio of solutions for hydrogen transportation and storage in various environments, including salt caverns. In addition, Delphy, Vallourec's innovative vertical hydrogen storage solution, provides safe, efficient, and scalable storage from 1 to 100 tonnes of hydrogen for various applications, including industry and mobility. As a groundbreaking storage solution that does not currently exist on the market, Delphy will accelerate the development of the hydrogen sector and industrial decarbonization. By becoming a Supporting Member, Vallourec joins companies such as Alstom, Fuel Cell Energy, Chevron, Technip Energy, Petronas, and Bureau Veritas that are committed to reducing CO2 emissions from energy-intensive industries. This new role will enable Vallourec to actively contribute to shaping global strategic priorities for hydrogen and support initiatives that accelerate the deployment of hydrogen solutions around the world. Philippe Guillemot, Chairman of the Board of Directors and Chief Executive Officer of Vallourec commented: "Close collaboration among all industry players will be critical to turn the ambition of a competitive hydrogen market into a sustainable reality. Large-scale hydrogen storage has been a crucial challenge in developing green hydrogen infrastructure. Vallourec is determined to use its expertise to help build a cutting-edge hydrogen industry." About Vallourec Vallourec is a world leader in premium tubular solutions for the energy markets and for demanding industrial applications such as oil & gas wells in harsh environments, new generation power plants, challenging architectural projects, and high-performance mechanical equipment. Vallourec's pioneering spirit and cutting-edge R&D open new technological frontiers. With close to 14,000 dedicated and passionate employees in more than 20 countries, Vallourec works hand-in-hand with its customers to offer more than just tubes: Vallourec delivers innovative, safe, competitive and smart tubular solutions, to make every project possible. Listed on Euronext in Paris (ISIN code: FR0013506730, Ticker VK), Vallourec is part of the CAC Mid 60, SBF 120 and Next 150 indices and is eligible for Deferred Settlement Service. In the United States, Vallourec has established a sponsored Level 1 American Depositary Receipt (ADR) program (ISIN code: US92023R4074, Ticker: VLOWY). Parity between ADR and a Vallourec ordinary share has been set at 5:1. For further information, please contact: Investor relations:Connor LynaghTel: +1 (713) Individual shareholders:Toll Free number (From France): 0 805 65 10 10actionnaires@ Press relations: TaddeoRomain GrièreTel: +33 (0)7 86 53 17 Nicolas EscoulanTel: +33 (0)6 42 19 14 Attachment Vallourec_Press Release_Vallourec joins the Hydrogen CouncilSign in to access your portfolio
