Technip Energies N.V (TE.PA) Wednesday said that it has signed an agreement with Verso Energy to acquire a minority stake in the DEZiR project, a synthetic aviation fuel or eSAF plant located in Rouen, France.
The French engineering and technology company said that it will support the project by deploying its carbon capture solution, Canopy by T.EN, powered by Shell CANSOLV. This technology will capture biogenic carbon dioxide from nearby industries and reuse it in the production of eSAF.
Additionally, Rely, which is a joint venture between Technip Energies and John Cockerill focused on Power-to-X solutions, is handling the project's Front-End Engineering Design or FEED, Technip Energies added.
In November last year, Verso Energy and Rely signed the first FEED contract for the Rouen eSAF plant. Once operational, which is around 2030, the facility aims to produce 80,000 tons of decarbonized aviation fuel per year.
On the Paris Exchange, TE.PA ended Tuesday's trading at 31.74 euros, down 0.81 percent.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.