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Technip Energies announces recipients of first 'External Innovation Challenge'

Published by , Editorial Assistant
Hydrocarbon Engineering,

Technip Energies has held its first 'External Innovation Challenge' on net zero maritime shipping solutions, with the support of Elemental Excelerator, a nonprofit investor focused on scaling climate technologies with deep community impact.

Eight contestants pitched their innovations during a three-hour hybrid event on 14 November 2023. The recipients of the inaugural challenge are ReCarbon, a company that transforms carbon dioxide (CO2) and methane into valuable and decarbonised products through plasma reformation, and Aerleum, which develops a cost-competitive approach to capture and transform CO2 out of air into synthetic fuels.

Samir Karoum, Chief Strategy and Sustainability Officer of Technip Energies, commented: “Innovation and collaboration are key to support the net-zero trajectory and address the decarbonisation needs of the industry. Our first external innovation challenge was a great opportunity to make the link between an innovative start-up ecosystem and a technology scalability expert like Technip Energies. Making this link is a win-win situation for those eager to bring innovative solutions to the table and companies like ours able to industrialise these solutions.”

The challenge was launched in August 2023, offering innovative start-ups the opportunity to share their solutions to decarbonise the maritime transportation industry, including solutions like fuel alternatives and emissions management and reduction systems, with the aim to make progress toward the goal of reaching net zero carbon emissions by 2050. A total of 39 applications were received and eight finalists pitched their technologies to the panel of judges from the senior leadership at Technip Energies.

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