15-11-2023

Technip Energies announces recipients of External Innovation Challenge on net-zero maritime shipping solutions

Technip Energies held its first “External Innovation Challenge” on net-zero maritime shipping solutions, with the support of Elemental Excelerator, a nonprofit investor focused on scaling climate technologies with deep community impact.

Eight contestants pitched their innovations during a three-hour hybrid event on November 14, 2023. The recipients of the inaugural Challenge are ReCarbon, a company which transforms carbon dioxide and methane into valuable and decarbonized products through plasma reformation, and Aerleum, which develops a cost-competitive approach to capture and transform CO2 out of air into synthetic fuels.

Samir Karoum, Chief Strategy & Sustainability Officer of Technip Energies, commented: “Innovation and collaboration are key to support the net-zero trajectory and address the decarbonization needs of the industry. Our first external innovation challenge was a great opportunity to make the link between an innovative start-up ecosystem and a technology scalability expert like Technip Energies. Making this link is a win-win situation for those eager to bring innovative solutions to the table and companies like ours able to industrialize these solutions.”

The challenge was launched in August 2023, offering innovative start-ups the opportunity to share their solutions to decarbonize the maritime transportation industry, including solutions like fuel alternatives and emissions management and reduction systems, with the aim to make progress toward the goal of reaching net-zero carbon emissions by 2050.

A total of thirty-nine applications were received and eight finalists pitched their technologies to the panel of judges from the senior leadership at Technip Energies.