Technip Energies, Airbus, Safran and Tereos to form joint venture
The four companies have reached an agreement to create Rebound, a joint venture aimed at developing an industrial-scale sustainable aviation fuel (SAF) production project at the Port of Dunkirk.
Leveraging 'Alcohol-to-Jet (AtJ)' technology, the objective is to produce approximately 160,000 tonnes of SAF per year. This would make it one of the largest facilities of its kind in Europe, bolstering the region's energy sovereignty.
The four partners have committed to financing the development phase, which includes engineering studies and other activities required to reach a final investment decision.
During this development phase, Technip Energies will act as the lead project developer and engineering services provider, contributing its expertise in technology development and complex project execution. Airbus and Safran, global aerospace leaders, join the project as industrial partners, helping to secure commercial outlets and acting as potential SAF off-takers. As a leading European ethanol producer, the French agricultural cooperative Tereos joins Rebound with the aim of supplying and securing the advanced ethanol feedstock required for the project. Together, the four partners cover the entire value chain, from feedstock sourcing to aviation end-use, in an initiative fully driven by European players.
A milestone has already been reached following the Port of Dunkirk's decision to award Technip Energies an industrial site. This location will provide Rebound with logistical advantages for the transport of raw materials and finished products, as well as a streamlined permitting process.
Technip Energies N.V. is an Engineering and Technology company specialized in providing projects, technologies, products and services on energy infrastructure both onshore and offshore (LNG, downstream, sustainable chemistry, hydrogen, CO2 management and marine infrastructure). Net sales break down by activity as follows:
- project delivery (75%);
- technology integration, equipment sale and services (25%).
Net sales are distributed geographically as follows: Europe and Central Asia (14.9%), Africa and the Middle East (58.9%), the Americas (18.4%) and Asia/Pacific (7.8%).
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