Technip Energies (Euronext Paris: TE) has entered into an exclusive Licensing Collaboration Agreement with SABIC. The deal appoints Technip Energies as the worldwide licensor for SABIC’s Clean Tubular Reactor (CTR) Low-Density Polyethylene technology.

This agreement formalizes a partnership dating back to 1996. Technip Energies will combine its engineering and execution capabilities with SABIC’s proprietary process design. The collaboration aims to accelerate the global deployment of high-performance LDPE plants.

Strategic Partnership Details

The LCA expands the long-standing cooperation between the two firms. Technip Energies brings extensive experience in polyolefins project delivery. Its role includes basic design, engineering, construction, and start-up activities for CTR technology projects.

SABIC retains ownership of the underlying technology. Technip Energies acts as the sole global licensor. This structure leverages Technip Energies’ deep operational expertise in high-pressure LDPE plant fabrication.

Executive Commentary

Stephane Mespoulhes, Senior Vice President of Ethylene and Polyolefins at Technip Energies, highlighted the strategic value of the arrangement. He noted that combining SABIC’s proven technology with Technip Energies’ execution expertise positions the companies to meet growing market demand efficiently.

The agreement enables producers to scale operations safely and reliably. Mespoulhes emphasized that this collaboration delivers tangible value to customers through scalable industrial solutions.

Company Profile

Technip Energies operates as a global technology and engineering firm. It holds leadership positions in LNG, hydrogen, ethylene, sustainable chemistry, and CO2 management. The company serves critical markets including energy derivatives, decarbonization, and circularity.

With more than 18,000 employees across 35 countries, Technip Energies generated revenues of €7.2 billion in 2025. The company is listed on Euronext Paris and also trades American Depositary Receipts over the counter.

Technip Energies (Euronext Paris: TE) has been awarded a significant engineering services contract by Larsen & Toubro Energy Hydrocarbon (LTEH) for a major ADNOC Offshore project in the United Arab Emirates.

The contract, recorded in Q3 2026 within the Technology, Products & Services segment, represents revenue between €50 million and €250 million. Technip Energies will provide detailed engineering services for the project, which involves the engineering, procurement, construction, installation, and commissioning (EPCIC) of new offshore facilities.

Project Scope and Strategic Context

LTEH recently won the broader EPCIC contract from ADNOC Offshore as part of a consortium. The scope includes modifications and upgrades to existing infrastructure alongside new facility development. This award leverages Technip Energies’ local engineering capabilities and its experience with complex, large-scale offshore projects in the Middle East.

The deal reinforces the long-standing collaboration between Technip Energies and Larsen & Toubro across upstream, downstream, and energy infrastructure projects globally. It also supports ADNOC’s strategic objectives and the UAE’s energy ambitions.

Leadership Commentary

Loïc Chapuis, President Project Delivery and Services at Technip Energies, stated that the selection reflects trust in the company’s engineering excellence and proven track record in delivering complex offshore projects. He noted that Technip Energies looks forward to contributing to ADNOC’s strategic goals alongside LTEH.

What the Numbers Show

The contract value range of €50 million to €250 million defines a "significant" award for Technip Energies. Recorded in Q3 2026, this win contributes directly to the Technology, Products & Services segment, highlighting the company’s continued ability to secure high-value engineering mandates in the Middle East energy sector.