Siemens Energy and Technip Energies announce joint development of decarbonized Rotating Olefins Cracker technology and selection by Cracker of the Future Consortium
Siemens Energy is one of the world’s leading energy technology companies. The company works with its customers and partners on energy systems for the future, thus supporting the transition to a more sustainable world. With its portfolio of products, solutions and services, Siemens Energy covers almost the entire energy value chain – from power generation and transmission to storage. The portfolio includes conventional and renewable energy technology, such as gas and steam turbines, hybrid power plants operated with hydrogen, and power generators and transformers. More than 50 percent of the portfolio has already been decarbonized. A majority stake in the listed company Siemens Gamesa Renewable Energy (SGRE) makes Siemens Energy a global market leader for renewable energies. An estimated one-sixth of the electricity generated worldwide is based on technologies from Siemens Energy. Siemens Energy employs more than 90,000 people worldwide in more than 90 countries and generated revenue of around €27.5 billion in fiscal year 2020.
Technip Energies Technip Energies is a leading Engineering & Technology company for the energy transition, with
leadership positions in LNG, hydrogen and ethylene as well as growing market positions in blue and green hydrogen,
sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by
extensive technology, products and services offering. Operating in 34 countries, our 15,000 people are fully committed to
bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better
tomorrow. Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”). For further