Kate O'Sullivan's questions to Technip Energies NV (THNPY) leadership • Q1 2024
Question
Kate O'Sullivan asked about regional demand for the Hummingbird alcohol-to-jet technology and whether European regulations limit its potential. She also requested more specifics on the projects driving the increase in PMC orders within the TPS segment.
Answer
Executive Arnaud Pieton identified the U.S. and U.K. as the primary markets for alcohol-to-jet technology due to strong mandates. Executive Bruno Vibert explained that PMC growth was driven by a diversification into a higher volume of smaller contracts across new geographies like Central Asia and North America, and new sectors like infrastructure, moving beyond its traditional Middle East focus.