Technip Energies Awarded a Bankable Feasibility Study Contract by Viridian Lithium for the First Lithium Refining and Conversion Project in Europe

Rhea-AI Summary

Technip Energies has secured a Bankable Feasibility Study contract with Viridian Lithium to construct Europe's first lithium refining and conversion plant in Lauterbourg, France. The facility aims to produce up to 100,000 tons of Battery Grade lithium chemicals annually, sufficient to power 2 million electric vehicles, enhancing the battery supply chain for electric mobility. This partnership aligns with Technip Energies' strategy for a sustainable future and underscores the importance of lithium in the European automotive industry.

Positive

• Secured a BFS contract for the first lithium refining and conversion plant in Europe.
• Expected production of 100,000 tons of Battery Grade lithium chemicals per year.
• Supports the electric vehicle industry's supply chain autonomy.

Negative

• None.

PARIS--(BUSINESS WIRE)-- Regulatory News:

(Photo : Business Wire)

Technip Energies (PARIS: TE) has been awarded a Bankable Feasibility Study (BFS) contract by Viridian Lithium for the construction of the first lithium refining and conversion plant in Europe.

Located in Lauterbourg, France, the plant will produce up to 100,000 tons of Battery Grade lithium chemicals per year – which is the equivalent capacity to power 2 million electric vehicles – to enable a secure and sustainable battery supply chain for the transition to electric mobility.

The contract consists in a Bankable Feasibility Study (BFS), and a preferential right on the construction of the plant and its three foreseen extensions.

Laure Mandrou, Senior Vice President Carbon-Free Solutions of Technip Energies, commented: “We are very excited to start this new journey with Viridian Lithium. It is the beginning of an industrial partnership that is fully in line with Technip Energies' strategy of engineering a sustainable future. We are committed to support Viridian Lithium in the creation of the first French and European Lithium stream.”

Remy Welschinger, Co-Founder & President of Viridian Lithium, said: “We are very pleased to partner with Technip Energies to develop a clean and reliable supply chain for batteries to empower the transition to electric mobility.”

Purified lithium chemicals are non-substitutable materials for lithium-ion batteries and are strategic materials for the European automotive industry. The Project will increase the supply chain autonomy of our electric vehicle industry. Lithium is one of the four key metals of the energy transition.

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 34 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”) traded over-the-counter in the United States. For further information: www.technipenergies.com.

Important Information for Investors and Securityholders

Forward-Looking Statement

This release contains “forward-looking statements” as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements usually relate to future events and anticipated revenues, earnings, cash flows or other aspects of Technip Energies’ operations or operating results. 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 Technip Energies’ current expectations, beliefs and assumptions concerning future developments and business conditions and their potential effect on Technip Energies. While Technip Energies believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting Technip Energies will be those that Technip Energies anticipates.

All of Technip Energies’ forward-looking statements involve risks and uncertainties (some of which are significant or beyond Technip Energies’ control) and assumptions that could cause actual results to differ materially from Technip Energies’ historical experience and Technip Energies’ 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 Technip Energies’ risk factors set forth in Technip Energies’ filings with the U.S. Securities and Exchange Commission, which include amendment no. 4 to Technip Energies’ registration statement on Form F-1 filed on February 11, 2021.

Forward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. Technip Energies 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.

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Technip Energies

Investor relations

Phil Lindsay

Vice-President Investor Relations

Tel: +44 20 7585 5051

Email: Phillip Lindsay

Media relations

Stella Fumey

Director Press Relations & Digital Communications

Tel: +33 (1) 85 67 40 95

Email: Stella Fumey

Jason Hyonne

Press Relations & Social Media Lead

Tel: +33 1 47 78 22 89

Email: Jason Hyonne

Viridian Lithium

www.viridianlithium.com

Email: info@viridianlithium.com

Source: Technip Energies

FAQ

What is the significance of the contract awarded to Technip Energies by Viridian Lithium?

The contract is crucial as it marks the construction of Europe's first lithium refining plant, essential for boosting the battery supply chain for electric vehicles.

How much lithium will the new plant produce annually?

The new plant is expected to produce up to 100,000 tons of Battery Grade lithium chemicals each year.

Where will the lithium refining plant be located?

The lithium refining plant will be located in Lauterbourg, France.

What is Technip Energies' stock symbol?

Technip Energies is listed under the stock symbol 'TE' on Euronext Paris.

Why is lithium important for the automotive industry?

Lithium is a strategic material needed for lithium-ion batteries, which are essential for electric vehicles.