The deal will help Technip accelerate the development of new processes and technologies by adding specific competencies in reactor design, scale-up, downstream purification and processing know-how.
“We are very excited by this opportunity to leverage talent and expertise from Processium,” Wei Cai, Chief Technology Officer of Technip Energies said in a press statement. “In close collaboration with our existing technology centers, this acquisition will enhance our capabilities to develop proprietary technologies in the dynamic sustainable chemicals industry.”