Technip Energies plans strategic expansion in India

France’s Technip Energies announced strategic expansion plans for India on Thursday, saying it would launch a new R&D laboratory in the country in 2025.

The group, which specialises in engineering and technology for the energy industry, plans to launch the new lab in Chennai to expand its research and development footprint, its Chief Operating Officer Loïc Chapuis said at a capital markets day.

The group also announced plans to open a new office in Ahmedabad, expanding into the city for the first time, in a move to bolster its staff resources.

“India is strategic for the group,” the company told Reuters. Technip Energies has been operating in India for more than five decades. It employs around 4,100 people, which represent 24% of its global workforce.

India is the world’s third-largest emitter of greenhouse gases. It aims to increase non-fossil fuel capacity by 50 GW a year. This effort is to help achieve its target of 500 GW by 2030 and over 600 GW by 2032.

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Technip Energies plans significant enhancements for the Dahej manufacturing facility, a cornerstone of its operations in India. The expansion includes the construction of a new captive jetty. The company expects the new captive jetty to be operational by the second quarter of 2025. Moreover, it has scheduled the development of additional land and facilities for 2025-26.

Technip Energies is also establishing a “Green H2 & Power-to-X” centre in Delhi, which will target the prospective market for green molecules, encompassing projects, operations, and post-market services.

In India, the company primarily focuses its operations on downstream projects. However, the group told Reuters it foresees “a prospective market for green molecules,” mentioning green hydrogen and green ammonia.

This news is sourced from Reuters and is intended for informational purposes only.