France-based Technip Energies has started trading as a single entity following the completion of TechnipFMC’s separation into two independent, publicly traded companies.
Technip Energies said Tuesday marked its first trading day on compartment A of Euronext’s regulated market in Paris (ticker: TE).
Moreover, the group describes itself as an engineering and tech “leader” in LNG, hydrogen and ethylene, having a “strong” position in key growth areas including sustainable chemistry and CO2 management.
“Technip Energies is a driving force to address the energy transition challenge which our industry and our world need to tackle,” CEO Arnaud Pieton, said.
“We believe the future of energy is shaping tomorrow, and we have a significant role to play, in line with our mission of designing and delivering added value energy solutions,” he said.
Pieton added he was “proud and excited” to open this new chapter together with the company’s 15,000 professionals, all over the world.