Technip Forms an Alliance with Biochemtex for Bioethanol Technology Facilities

Regulatory News:

Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) in Italy and Biochemtex, who is the majority shareholder of Beta Renewables who controls the world’s leading second generation bioethanol technology (PROESA), announce today that they have signed an alliance agreement for future Biochemtex Second Generation Bioethanol projects.

This alliance aims to achieve industry leading capital productivity, through the highest standards of Health, Safety and Environment (HSE), operability, accelerated technological innovation, project execution related developments and reduced project cycle times.

Proesa technology is the world leading process for converting cellulosic feeds non-competing with food industry, into petroleum products. The second generation bioethanol product will help meet future regulatory specifications. This technology is becoming increasingly important. Additionally, it offers a new way of processing non-food biomasses that were unusable in fermentation processes.

Technip’s operating center in Rome, Italy, will be in charge of the alliance’s management, as it is a reference and one of the main execution centers at Technip for biofuels.

Marco Villa, Technip’s Region B⁽¹⁾ President declared: "Through this alliance, Technip confirms its technological footprint. We are proud to be Biochemtex’s contractor of choice for its future Proesa facility projects, thereby reaffirming both our leading position in biofuels and our ability to partner with top tier technology providers.”

⁽¹⁾Technip Region B is composed of Italy, Greece, Eastern Europe/Russia, South America and Canada Onshore-Offshore.

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