Kate O'Sullivan's questions to Technip Energies (THNPY) leadership • Q1 2024
Question
Kate O'Sullivan asked about the regional demand for the company's Hummingbird alcohol-to-jet technology and requested more specifics on which projects contributed to the increase in Project Management Consultancy (PMC) orders.
Answer
Executive Arnaud Pieton explained that the alcohol-to-jet pathway is crucial as HEFA is feedstock-limited, with the U.S. and U.K. being the primary markets currently. Executive Bruno Vibert detailed that PMC growth was driven by a diversification toward a higher volume of smaller-sized contracts across more geographies, including the Middle East, Asia, and North America, and new themes like energy transition and infrastructure.