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>Why Malaysia Series>Technip Energies

Paving the Way for Energy Transition

Technip Energies Paving the Way for Energy Transition

Technip Energies is a pioneer, global energy player with solid foundations built over 60 years of successful operations. In early 2021, the French MNC opened a new chapter with the vision of accelerating the energy transition for a better tomorrow by supporting its clients to achieve carbon neutrality by 2050.

 

This new approach addresses energy transition through four pillars:

 

First, the decarbonisation of traditional markets spanning from energy efficiency to carbon capture solutions and blue hydrogen.

 

Second, Liquefied Natural Gas (LNG) and low-carbon LNG, through which the MNC leverages its market leadership to deliver the necessary infrastructure for this critical fuel in a low-carbon society.

 

Third, sustainable chemistry where Technip Energies offers various technologies, processes, and services in biofuels, biochemicals, and the circular economy. These offerings are enhanced with the company’s experience in technology development, integration, engineering, and licensing proficiency.

 

Fourth, carbon-free energy solutions, such as carbon-free or green hydrogen produced from renewable energy.

Stepping into net-zero with Malaysia

 

Through the years, Technip Energies has been on hand to build Malaysia’s growth and economic ambitions driven by the country’s energy reserves and skilled energy industry talent pool. Having been a part of Malaysia’s energy industry for 40 years, Technip Energies has delivered many firsts

for the nation, region and the world. At the same time, the company seeks to cater to the rising demand for affordable and reliable energy that reduces the carbon footprint.

 

In the past decade, Technip Energies has built Petronas’ FLNG (PFLNG) Satu, the first floating LNG facility in the world. The PFLNG Satu plays an important role in Petronas’ efforts to unlock gas reserves in Malaysia’s remote and stranded fields.

 

Technip Energies also played a key role in executing the Petronas Refinery and Petrochemical Integrated Development (RAPID) project in Johor, where it is both management consultant for the RAPID Project as well as the EPCM (Engineering, Procurement and Construction Management) contractor for its utilities, offsite and interconnecting facilities. RAPID is a world-scale complex aiming to answer the growing need for differentiated and speciality chemicals and to meet future demands in the Asia Pacific region.

 

Within the region, the MNC was also tasked with expanding a Neste – largest producer of renewable diesel and jet fuel in the world – renewable fuel plant in Singapore. In 2022, Technip Energies followed these initiatives up with a memorandum of understanding (MOU) with Transborders Energy, an Australian LNG company to materialise the concept of injecting carbon dioxide back into gas reservoirs in the Asia Pacific region.

 

Valentina Gabriel, Technip Energies Senior Vice President for the Asia-Pacific Business Unit, said, “Malaysia, where our regional headquarters has been since 1982, is very close to our heart. Needless to say, we’d like to support Petronas’ 2050 zero-carbon emission target and bring Malaysia forward into the future of energy transition.”

 

Technip Energies fully integrates its vision for a better tomorrow throughout its company, and that means in addition to its business model, Technip Energies places sustainability at the centre of its operations.

“As Malaysia’s high-growth ambitions evolved into embracing sustainability and carbon neutrality, so too has Technip Energies evolved. Throughout our decades of evolving together, MIDA has been a key touchpoint for Technip Energies to better serve Malaysia’s energy needs – whether directly with incentives and investment opportunities, or via industry associations such as the Malaysian French Chamber of Commerce and Industry.

“Today, Malaysia continues to be an important investment destination for Technip Energies. Having one of the major energy reserves in the Asia Pacific in a well-established industry backed by a strong talent pool and a robust supply chain, Malaysia remains a key location for our operations in the region,” said Gabriel.

 

With 2,000 personnel in the region and 15,000 talented professionals worldwide, Technip Energies strives to act responsibly with consideration towards the environment, people, and communities where it lives and works, as the company further pushes boundaries to create the world of tomorrow.

 

Energy transition to clean energy is the future, and the future is here. For more information on how

MIDA helps investors in the energy sector set up hubs in Malaysia, contact MIDA’s Oil and Gas, Maritime and Logistics Services Division.

Newsletter February 2022

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