Latest news with #TechnipEnergies
Fashion United
20-05-2025
- Business
- Fashion United
Reju announces first industrial size textile-to-textile recycling centre in the Netherlands
After openings its pilot plant 'Regeneration Hub Zero' in Frankfurt, Germany in October of last year, textile-to-textile regeneration company Reju has announced its first industrial size textile-to-textile recycling centre in the Netherlands. Called 'Regeneration Hub One,' Reju has selected Chemelot Industrial Park in Sittard, Netherlands, which is also an innovation hub. About 28 kilometres north of Maastricht, Sittard is located close to the Belgium border in the west and close to the German border in the east. 'This strategic location will enable Reju to leverage existing infrastructure and industrial synergies to scale its operations efficiently,' states the company in a press release. In addition, opening the first industrial size textile-to-textile recycling centre will accelerate Reju's path in building a circular infrastructure for textile waste regeneration at scale. 'This is a major milestone for Reju. With this announcement of a site for Regeneration Hub One, we are reinforcing our commitment to transforming the textile industry through innovation and collaboration,' commented Reju CEO Patrik Frisk. New industrial size T2T recycling centre is a 'major milestone' for Reju 'Chemelot is the ideal environment for scaling our technology and integrating into a broader network of industrial power houses which are also focused on circularity. This is where we want to prove that textile-to-textile circularity at scale is achievable,' added Frisk. The new Hub aims to regenerate the equivalent of 300 million articles annually that would otherwise end up as textile waste, resulting in a production capacity of 50,000 tonnes of recycled bis-hydroxyethyl terephthalate (rBHET) per year. This will then be repolymerized into Reju PET and transformed into Reju Polyester, which has 50 percent lower carbon emissions than virgin polyester. The Reju Polyester would then be reintroduced into the downstream supply chain, where it will be converted into yarns and fabrics ready for consumer use. 'With Reju's decision to locate its innovative recycling plant at Chemelot, the Netherlands is achieving a first: the country's first large-scale recycling facility where discarded textiles are turned into raw material for new and even better textiles. This is the kind of new industry we are aiming for – sustainable, circular and future-orientated. It contributes to green growth and strengthens our position in circular chemistry. Despite the challenges in the sector, the Netherlands remains attractive for green industrial investments. With this new plant, we are actively building the industry of tomorrow, and I am proud that Reju has chosen the Netherlands,' commented Sophie Hermans, minister for climate policy and green growth. The project is subject to the final investment decision by the board of Technip Energies, Reju's parent company. Also read:
Yahoo
20-05-2025
- Business
- Yahoo
Reju Announces the site selection of Regeneration Hub One, its first industrial size textile-to-textile recycling center to be located on the Chemelot Industrial Park in Sittard-Geleen, Netherlands
PARIS, May 20, 2025 /PRNewswire/ -- Reju™, the progressive textile-to-textile regeneration company, today announced that it had selected the Chemelot Industrial Park for its first industrial scale regeneration center. Located in Sittard, Netherlands, Chemelot is a leading European industrial park and innovation hub. This follows the successful opening of Regeneration Hub Zero in Frankfurt in October 2024. Regeneration Hub One aims at accelerating Reju's path to build a circular infrastructure for textile waste regeneration at scale. This strategic location will enable Reju to leverage existing infrastructure and industrial synergies to scale its operations efficiently. The project will be subject to final investment decision by the board of Technip Energies, the parent company of Reju. The Hub ambitions to regenerate the equivalent of 300 million articles annually that would otherwise end up as textile waste, resulting in a production capacity of 50,000 tonnes of rBHET per year and will then be repolymerized into Reju PET. This output, originating from textile waste, will be transformed into Reju Polyester with 50% lower carbon emissions than virgin polyester. The Reju Polyester will then be reintroduced into the downstream supply chain, where it will be converted into yarns and fabrics ready for consumer use. Textile consumption in Europe has grown from 17kg per person in 2019 to 19kg per person in 2022 - enough to fill a large suitcase for every person living in Europe. And as a result, so is textile waste, in the EU Member States in 2022 about 94 million tonnes* of textiles were discarded and likely to be burnt or buried. Through collaboration with upstream partners, Reju will be ensuring textile-to-textile traceability. "This is a major milestone for Reju. With this announcement of a site for Regeneration Hub One, we are reinforcing our commitment to transforming the textile industry through innovation and collaboration," said Patrik Frisk, CEO of Reju. "Chemelot is the ideal environment for scaling our technology and integrating into a broader network of industrial power houses which are also focused on circularity. This is where we want to prove that textile-to-textile circularity at scale is achievable." Owned by Technip Energies, a leading engineering and technology company, Reju utilizes proprietary technology originally developed by IBM Research. By recovering, regenerating, and recirculating textile waste, starting with polyester, Reju is creating a new, scalable circular system reducing the industry's reliance on virgin materials. "At Chemelot, we are committed to fostering sustainable innovation and enabling circular solutions across industries," said Koos van Haasteren, CEO of Chemelot. "Reju's Regeneration Hub One aligns with our mission to drive the transition toward a circular economy. By integrating their advanced textile recycling technology within our industrial ecosystem, we can help accelerate the reduction of textile waste and set new benchmarks for sustainability in the materials sector." Thanks to the efforts of the Netherlands Foreign Investment Agency (NFIA), the Ministry of Infrastructure and Water Management and the Ministry of Climate Policy and Green Growth, the recycling center is to be located on the Chemelot Industrial Park in the Netherlands. Minister Sophie Hermans (Climate Policy and Green Growth) said: 'With Reju's decision to locate its innovative recycling plant at Chemelot, the Netherlands is achieving a first: the country's first large-scale recycling facility where discarded textiles are turned into raw material for new and even better textiles. This is the kind of new industry we are aiming for – sustainable, circular and future-orientated. It contributes to green growth and strengthens our position in circular chemistry. Despite the challenges in the sector, the Netherlands remains attractive for green industrial investments. With this new plant, we are actively building the industry of tomorrow, and I am proud that Reju has chosen the Netherlands.' Through collaboration with upstream partners, Reju will be ensuring textile-to-textile traceability for waste that would otherwise be buried, burnt, or dumped. Since its launch, Reju: Opened the first Regeneration Hub in Frankfurt Partnered with Goodwill and Waste Management in the US that will advance textile recycling in North America Announced a partnership with Nouvelles Fibres Textiles to automatically sort clothing and disruptors (zippers, buttons etc) Announced a partnership with Cibutex in Europe establishing an ecosystem among their member companies Announced a partnership with Rematrix in Europe securing sustainable textile supply For more information visit *European Environment Agency briefing on Circularity of the EU textiles value chain in numbers About RejuReju is a materials regeneration company focused on creating innovative solutions for regenerating polyester textiles and PET waste. Owned by Technip Energies and utilizing technology originating with IBM research, Reju is driven by our purpose to unlock infinite possibilities within finite resources and aims to establish a global textile recycling circular system to regenerate and recirculate polyester textiles. Learn more at About Technip EnergiesTechnip Energies is a global technology and engineering powerhouse. With leadership positions in LNG, hydrogen, ethylene, sustainable chemistry, and CO2 management, we are contributing to the development of critical markets such as energy, energy derivatives, decarbonization, and circularity. Our complementary business segments, Technology, Products and Services (TPS) and Project Delivery, turn innovation into scalable and industrial reality. Through collaboration and excellence in execution, our 17,000+ employees across 34 countries are fully committed to bridging prosperity with sustainability for a world designed to last. Technip Energies generated revenues of €6.9 billion in 2024 and is listed on Euronext Paris. The Company also has American Depositary Receipts trading over the counter. For further information: About ChemelotChemelot is one of the key industrial clusters in the Netherlands. On the Chemelot Industrial Park, 17 production companies are active in 60 different plants, which are strongly interconnected, both in terms of energy and raw material flows. At these companies, and in the unique combination with the Brightlands Chemelot Campus, a lot of work is being done on the transition to sustainable production. Besides the energy transition, the raw material transition is just as important. Chemelot's ambition is to have fully circular production by 2050. Precisely because the plants are so interconnected, Chemelot is in an excellent position to achieve this. Approximately 8,000 employees in more than 200 companies work on the 800-hectare site. For more information visit View original content to download multimedia: SOURCE Reju
Zawya
14-05-2025
- Business
- Zawya
Africa Rallies for Gas-Driven Growth at Invest in African Energy (IAE) 2025
African energy leaders kicked off the Invest in African Energy (IAE) 2025 Forum in Paris with a resounding call for deeper cross-border collaboration, strategic gas monetization and inclusive national development policies, signaling a united front in shaping Africa's energy future. Leading the charge, NJ Ayuk, Executive Chairman of the African Energy Chamber, lauded the successful execution of the Greater Tortue Ahmeyim (GTA) gas project by Mauritania and Senegal – which loaded its first LNG cargo last month – as a model for regional cooperation. 'No country has been able to do cross-border projects like Mauritania and Senegal. They showed that it is possible in Africa to come together and do cross-border collaboration,' he said, emphasizing that regionalism and pragmatism must outweigh isolationist tendencies. 'Resource nationalism slows down projects.' Technip Energies' Chief Business Officer, Marco Villa, echoed Ayuk's sentiment on the continent's energy potential, calling natural gas a 'strategic driver' rather than just a tradable commodity. 'Resources alone are not enough – the real opportunity is transforming this potential into sustainable, prosperous and inclusive growth,' said Villa. 'We believe natural gas is more than a commodity – it is a strategic driver for countries and for Africa – in terms of industrialization, energy security and global integration.' Villa stressed the importance of both large-scale export infrastructure and domestic gas valorization, positioning gas as a dual solution for global competitiveness and local economic development. 'While exports are important, local valorization of gas is equally crucial. Africa cannot only be an exporter of gas – gas can be a lever for domestic transportation, power generation, enabling petrochemical industries, modernizing refineries and supporting agribusiness.' Petroleum Commissioner at Namibia's Ministry of Mines and Energy, Maggy Shino, highlighted Namibia's rapid emergence as a global hydrocarbon hotspot, following massive offshore discoveries from Shell, TotalEnergies, Galp and Rhino Resources in the deepwater Orange Basin. 'Namibia has emerged as one of the world's most exciting hydrocarbon frontiers… These discoveries are among the largest of our decade. With more than 80% of our offshore unexplored, Namibia is not only a frontier – it's a first mover advantage waiting to be seized,' said Shino. She also emphasized Namibia's commitment to fast-tracking development and fostering a responsible investment environment, highlighting the ongoing development of the National Upstream Petroleum Local Content Policy as a key step toward embedding local content from the outset. 'This policy is more than a regulation for us. It's a platform to align global expertise with Namibian empowerment. We are actively engaging industry stakeholders to create a framework that balances skill development, supplier integration and the upliftment of Namibian citizens with operational efficiency.' Meanwhile, Anibor Kragha, Executive Secretary of the African Refiners&Distributors Association, cautioned against overdependence on petroleum imports and underscored the urgency of building domestic refining capacity and storage resilience. 'If you're going to maximize your returns, then you have to run the full value chain and refine… What happens to Africa if we cannot import a single petroleum product for 30 days? How many countries have strategic storage beyond two weeks?' said Kragha. 'Africa's energy boom is not just about oil and gas.' The opening keynotes set the tone for a forward-looking IAE 2025 agenda – one centered on transforming Africa's resource wealth into tangible, inclusive and strategically driven development. The forum continues in Paris through May 14. Distributed by APO Group on behalf of Energy Capital&Power.
Zawya
12-05-2025
- Business
- Zawya
Invest in African Energy (IAE) 2025: Exploring Global Partnerships to Unlock Africa's Energy Potential
The Invest in African Energy (IAE) 2025 forum in Paris will host a high-level panel discussion on "The Future of Global Energy Partnerships: Seizing Africa's Untapped Market Opportunities", sponsored by Energean. Bringing together African energy ministers, CEOs and leading energy executives, the session will explore how shifting global dynamics are reshaping cross-border collaboration and investment strategies in Africa's energy sector. The panel will be moderated by NJ Ayuk, Executive Chairman of the African Energy Chamber, and will feature: Bruno Jean-Richard Itoua, Minister of Hydrocarbons, Republic of Congo; Maggy Shino, Petroleum Commissioner, Minister of Mines and Energy, Namibia; Mathios Rigas, CEO, Energean; and Marco Villa, Chief Business Officer, Technip Energies. IAE 2025 ( is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 13-14, 2025 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit To sponsor or participate as a delegate, please contact sales@ As international players from the Middle East and BRIC nations expand their global energy footprint, Africa is becoming an increasingly vital partner in advancing shared goals around energy security, industrial growth and sustainable development. Countries like the Republic of Congo, Gabon and Nigeria are at the center of this momentum, offering a diverse mix of upstream and midstream assets, growing domestic demand and a clear push for value-added investment in petrochemicals and infrastructure. This panel will examine how strategic partnerships – whether through equity participation, joint ventures or technical collaboration – are unlocking opportunities across Africa's oil, gas, power and petrochemical sectors, while also helping to close investment and capacity gaps. The session will provide firsthand insights from the policymakers and executives driving these initiatives, highlighting how countries are positioning themselves to attract capital and what international players consider bankable, high-value opportunities. From gas monetization strategies in Nigeria to integrated development plans in Congo and downstream expansion in Gabon, the discussion will explore the key factors fueling global investment interest in Africa's energy landscape. Distributed by APO Group on behalf of Energy Capital&Power.
Yahoo
12-05-2025
- Business
- Yahoo
Technip Energies Announces Launch of Share Buy-Back Program
Technip Energies (PARIS:TE) (the 'Company'), a global technology & engineering powerhouse leading in energy and decarbonization infrastructure, today announces the launch of a share buy-back program of up to €45 million (the 'Share Buy-back Program') to be used to fulfill the Company's obligations under equity compensation plans. The maximum number of shares that can be acquired under the Share Buy-back Program is 1.5 million. The Share Buy-back Program is to be carried out until December 31, 2025. The Share Buy-back Program was decided by the Company's Board of Directors and will be implemented in accordance with the provisions of article 5 of the Market Abuse Regulation (EU) 596/2014 and Commission Delegated Regulation (EU) 2016/1052. The Share Buy-back Program will be carried out pursuant to the authorization to repurchase shares granted by the Company's shareholders at the Annual General Meeting on May 6, 2025. The shareholders resolution authorizes the Company to acquire up to 10% of the Company's issued share capital during a period of 18 months at prices ranging from the nominal value of the shares up to 110% of the market price of the shares, for purposes of, amongst other topics, the return of capital to shareholders, to carry out repurchases under the Company's share liquidity program, and/or, to the extent such authorization is required, to fulfil the Company's obligations under its equity compensation plans. On April 30, 2025, the Company held 1,695,974 treasury shares, representing 0.95 percent of its issued share capital. Such shares are currently being held for purposes of fulfilling the Company's obligations under its equity compensation plans. The Company has appointed a broker to execute the Share Buy-back Program in accordance with all applicable regulations. The broker will make decisions relating to the repurchase of Company shares independently, including with respect to the timing of any repurchases, and all repurchases effected will be in compliance with daily limits on prices and volumes. The price paid for any share repurchased pursuant to the Share Buy-back Program will be subject to a maximum amount equal to the greater of (i) the price of the last independent trade and (ii) the highest current independent purchase bid on the regulated market of Euronext Paris. It will be subject to all other terms and conditions that may be agreed with the broker. The actual timing, number and value of Company shares repurchased under the Share Buy-back Program will depend on a number of factors, including market conditions, general business conditions and applicable legal requirements. The €45 million allocated to the Share Buy-back Program does not include amounts to cover ancillary costs. The Company is not obligated to carry out the Share Buy-back Program, and, if commenced, the Share Buy-back Program may be suspended or discontinued at any time, for any reason and without previous notice, in accordance with applicable laws and regulations. All repurchased shares will be held as treasury stock. The Company will issue the required press releases that will disclose the share repurchases effected pursuant to the Share Buy-back Program, as required by applicable laws and regulations, and will make the necessary regulatory filings. The press releases and the transactions carried out will also be published on the Company's website at The costs that the Company may incur in connection with the repurchase of the shares pursuant to the Share Buy-back Program will depend on the price and the terms on which actual purchases are made. About Technip Energies Technip Energies is a global technology and engineering powerhouse. With leadership positions in LNG, hydrogen, ethylene, sustainable chemistry, and CO2 management, we are contributing to the development of critical markets such as energy, energy derivatives, decarbonization, and circularity. Our complementary business segments, Technology, Products and Services (TPS) and Project Delivery, turn innovation into scalable and industrial reality. Through collaboration and excellence in execution, our 17,000+ employees across 34 countries are fully committed to bridging prosperity with sustainability for a world designed to last. Technip Energies generated revenues of €6.9 billion in 2024 and is listed on Euronext Paris. The Company also has American Depositary Receipts trading over the counter. For further information: Forward-Looking Statement This press release contains forward-looking statements that reflect Technip Energies' (the 'Company') intentions, beliefs or current expectations and projections about the Company's future results of operations, anticipated revenues, earnings, cashflows, financial condition, liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which the Company operates. Forward-looking statements are often identified by the words 'believe', 'expect', 'anticipate', 'plan', 'intend', 'foresee', 'should', 'would', 'could', 'may', 'estimate', 'outlook', and similar expressions, including the negative thereof. The absence of these words, however, does not mean that the statements are not forward-looking. These forward-looking statements are based on the Company's current expectations, beliefs and assumptions concerning future developments and business conditions and their potential effect on the Company. While the Company believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting the Company will be those that the Company anticipates. All of the Company's forward-looking statements involve risks and uncertainties, some of which are significant or beyond the Company's control, and assumptions that could cause actual results to differ materially from the Company's historical experience and the Company's present expectations or projections. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those set forth in the forward-looking statements. For information regarding known material factors that could cause actual results to differ from projected results, please see the Company's risk factors set forth in the Company's 2024 Annual Financial Report filed on March 10, 2025, with the Dutch Autoriteit Financiële Markten (AFM) and the French Autorité des Marchés Financiers (AMF), which includes a discussion of factors that could affect the Company's future performance and the markets in which the Company operates. Forward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. The Company undertakes no duty to and will not necessarily update any of the forward-looking statements in light of new information or future events, except to the extent required by applicable law. Regulated information This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation. Contacts Investor Relations Philip Lindsay Vice-President Investors Relations +44 207 585 5051 Phillip Lindsay Media Relations Jason Hyonne Press Relations & Social Media Lead +33 1 47 78 22 89 Jason HyonneAttachment Technip Energies Announces Launch of Share Buy-Back ProgramError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
