Technip Energies, a leading global technology and engineering company based in Paris, has recently been awarded a significant contract by Jet Zero Australia Pty Ltd (Jet Zero). This Front-End Engineering Design (FEED) contract is for Project Ulysses, which represents an ambitious initiative aimed at converting bioethanol into sustainable aviation fuel (SAF) in Townsville, Australia. This project marks a pivotal moment in Australias efforts to embrace more sustainable aviation practices.

The FEED contract encompasses a comprehensive scope of engineering activities, documentation, and planning. This phase is crucial as it aims to refine the project's cost estimates and develop detailed timelines for execution. By laying the groundwork in these areas, Technip Energies is positioning itself to ensure the project's success and efficiency.

Project Ulysses is designed to produce an impressive 102 million liters of sustainable aviation fuel and 11 million liters of renewable diesel annually by the year 2028. This will be achieved through the utilization of Australian bioethanol, along with advanced technologies developed by Technip Energies and its partner, LanzaJet. Specifically, Technip Energies Hummingbird technology will facilitate the conversion of bioethanol into sustainable ethylene, while LanzaJets alcohol-to-jet technology will take it a step further by transforming ethylene into SAF.

Sylvain Cabalery, the Senior Vice President of Sustainable Fuels, Chemicals & Circularity at Technip Energies, expressed enthusiasm about the progression of Project Ulysses. He stated, We are very pleased to see Project Ulysses moving forward to provide the first alcohol-to-jet SAF plant in Australia. With the global aviation industry looking for ways to further secure their supply and lower emissions, Technip Energies and LanzaJet's integrated technology is a smart solution, bringing energy security while at the same time eliminating up to 70% of greenhouse gas emissions. This statement highlights the projects potential impact on both the Australian aviation sector and global efforts to reduce carbon footprints.

Technip Energies stands as a global powerhouse in technology and engineering, making significant contributions to critical markets like energy, decarbonization, and sustainable chemistry. The company boasts a leadership position in various sectors, including LNG, hydrogen, and CO2 management. Through its two main business segments, Technology, Products and Services (TPS) and Project Delivery, Technip Energies is dedicated to turning innovative ideas into scalable industrial solutions.

As a testament to its capabilities, Technip Energies employs over 17,000 people across 34 countries, who are committed to merging prosperity with sustainability in a manner designed to endure. In 2024, the company reported impressive revenues of 6.9 billion and is listed on Euronext Paris. Additionally, it has American Depositary Receipts available for trading over the counter.

For further inquiries, the company has provided contact details for its Investor Relations and Media Relations departments. Phillip Lindsay serves as the Vice-President of Investor Relations and can be reached via phone or email, while Jason Hyonne manages Press Relations and Social Media communications.

It is important to note that this announcement contains forward-looking statements reflecting Technip Energies current expectations and projections regarding the companys future operations, expected revenues, and overall performance. Such statements involve inherent risks and uncertainties that may lead to actual outcomes differing from those projected. Investors and stakeholders are encouraged to consult the companys risk factors detailed in its annual financial report for a comprehensive understanding of potential market influences.