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Technip Energies invests in the United Airlines Ventures Sustainable Flight Fund, advancing Sustainable Aviation Fuel Development.
Technip Energies (PARIS:TE) announces a strategic investment in the United Airlines Ventures Sustainable Flight Fund. This innovative fund is strategically designed to leverage cross-industry support, providing start-ups working on Sustainable Aviation Fuels (SAF) research, production and technology, with both financial and strategic capital.
This investment positions Technip Energies as the first strategic partner with Engineering, Procurement, and Construction capabilities in this Fund comprised of more than 20 corporate partners that make up all parts of the aviation supply chain – airlines, aircraft and engine manufacturers, fuel producers, financiers, travel management and more.
Arnaud Pieton, CEO of Technip Energies, commented:
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By joining the United’s Sustainable Flight Fund, Technip Energies reaffirms its commitment to addressing one of the industry’s critical challenges: the current lack of industrial-scale solutions to meet the market demand for Sustainable Aviation Fuel (SAF).
“By bringing our engineering expertise, technology scale-up capabilities and global project delivery know-how, we join the journey of accelerating the supply to meet the increasing demand for SAF, aligning with the net-zero trajectory.”
The Fund represents a significant collaborative effort, drawing expertise from various sectors of the aviation industry, to propel forward the advancement of sustainable fuel solutions. Through this collective approach, the Fund aims to catalyze the transition to a more sustainable aviation sector.
About Technip Energies
Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (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 extensive technology, products and services offering.
Operating in 35 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.
Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”). For further information: www.ten.com.
Technip Energies Invests in the United Airlines Ventures Sustainable Flight Fund, Advancing Sustainable Aviation Fuel Development, February 21, 2024
