TechnipFMC Announces Strategic Investment in Loke Marine Minerals to Enable the Energy Transition
11 Août 2021 - 10:15PM
Business Wire
Regulatory News:
TechnipFMC (NYSE: FTI) (PARIS: FTI) is joining forces with Loke
Marine Minerals (Loke) to develop enabling technologies for the
extraction of seabed minerals, driving the energy transition and a
sustainable future.
Marine minerals have been identified by the World Bank, World
Economic Forum, and International Energy Agency as one of the
potential solutions to meet the increasing demand for metals used
in electric vehicle batteries, clean energy technologies, and
consumer electronics.
Together, Loke and TechnipFMC are developing a patent-pending,
autonomous subsea production system that aims to have minimal
impact on the environment and positions the company well for
potential offshore licensing on the Norwegian Continental Shelf
(NCS) and internationally.
Jonathan Landes, President, Subsea at TechnipFMC commented, “We
are pleased to partner with Loke in the development of this
important resource. Our culture of collaboration, integration, and
innovation, along with our expertise in subsea robotics and
extensive history on the NCS can help meet the rising demand for
new technologies and resources that are driving the energy
transition.”
TechnipFMC has a minority ownership stake in Loke. Wilh.
Wilhemsen Holding ASA, a global maritime industry group, and NorSea
Group have also taken an ownership stake in Loke.
Walter Sognnes, CEO at Loke, commented, “We are very excited and
pleased to get these first class and top choice companies to join
on the owner side of Loke. We see great benefits for the exciting
phase the company now is entering from what they are bringing to
the table, with regards to knowledge, experience, and culture.
Their complementary business areas with common overlap is an ideal
match with our ambition of becoming an international leading marine
minerals company.”
The NCS is known to have copper, zinc, cobalt, and other rare
earth elements. Norway is one of the only countries to have
formalized marine mineral legislation. The Norwegian government is
expected to make a final decision on licensing approval for
exploration and production in 2023.
Important Information for Investors and
Securityholders
Forward-Looking Statement
This release contains "forward-looking statements" as defined in
Section 27A of the United States Securities Act of 1933, as
amended, and Section 21E of the United States Securities Exchange
Act of 1934, as amended. The words “expect,” “believe,”
“estimated,” and other similar expressions are intended to identify
forward-looking statements, which are generally not historical in
nature. Such forward-looking statements involve significant risks,
uncertainties and assumptions that could cause actual results to
differ materially from our historical experience and our present
expectations or projections. For information regarding known
material factors that could cause actual results to differ from
projected results, please see our risk factors set forth in our
filings with the United States Securities and Exchange Commission,
which include our Annual Reports on Form 10-K, Quarterly Reports on
Form 10-Q, and Current Reports on Form 8-K. We caution you not to
place undue reliance on any forward-looking statements, which speak
only as of the date hereof. We undertake no obligation to publicly
update or revise any of our forward-looking statements after the
date they are made, whether as a result of new information, future
events or otherwise, except to the extent required by law.
About TechnipFMC
TechnipFMC is a leading technology provider to the traditional
and new energy industries, delivering fully integrated projects,
products, and services.
With our proprietary technologies and comprehensive solutions,
we are transforming our clients’ project economics, helping them
unlock new possibilities to develop energy resources while reducing
carbon intensity and supporting their energy transition
ambitions.
Organized in two business segments — Subsea and Surface
Technologies — we will continue to advance the industry with our
pioneering integrated ecosystems (such as iEPCI™, iFEED™ and
iComplete™), technology leadership and digital innovation.
Each of our approximately 20,000 employees is driven by a
commitment to our clients’ success, and a culture of strong
execution, purposeful innovation, and challenging industry
conventions.
TechnipFMC uses its website as a channel of distribution of
material company information. To learn more about how we are
driving change in the industry, go to www.TechnipFMC.com and follow
us on Twitter @TechnipFMC.
Category: UK regulatory
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