What Is TechnipFMC Doing for Sustainability? Key Initiatives and Impact Explained
TechnipFMC: Charting a Sustainable Course in Energy Through Innovation and Collaboration
TechnipFMC, a key player in the energy industry, is demonstrating a serious commitment to sustainability, embedding it as one of its core beliefs. The company isn’t just paying lip service; it’s actively pursuing efficient and environmentally friendly solutions, aiming to minimize its environmental impact through innovation and integrated solutions. This commitment is underpinned by a clear strategy built on three pillars: greenhouse gas removal, floating offshore renewables, and hydrogen. With a new three-year Sustainability Scorecard launched in 2024, setting specific targets, and a proven track record of reducing GHG emissions by 21% between 2021-2023 while exceeding waste recycling targets, TechnipFMC is putting its words into action. To further their sustainability ambitions, the company has strategically invested in and partnered with other businesses. This commitment can be demonstrated with emerging technology, products and technologies that further their sustainability ambitions.
Investing in a Greener Future
TechnipFMC’s financial investments highlight its dedication to pioneering sustainable energy solutions. By strategically allocating resources, the company aims to foster innovation and accelerate the adoption of clean technologies across various sectors.
Table: TechnipFMC’s Strategic Investments in Sustainability
| Partner / Project | Time Frame | Details and Strategic Purpose | Source |
|---|---|---|---|
| McPhy | 2020 | Invested in and partnered with McPhy to develop large-scale, competitive carbon-free hydrogen solutions, encompassing production, liquefaction, storage, and distribution. | TechnipFMC Invests and Enters into a Strategic Collaboration with … |
| Loke Marine Minerals | 2021 | Invested in Loke Marine Minerals to develop technologies for seabed mineral extraction, enabling the energy transition. | TechnipFMC Announces Strategic Investment in Loke Marine … |
| Orbital Marine Power | 2021 | Made a strategic investment in Orbital Marine Power to accelerate tidal energy market presence. | Orbital Marine Power secures strategic investment from … |
Collaborating for a Sustainable Tomorrow
Beyond internal initiatives, TechnipFMC actively engages in partnerships to amplify its impact on the energy sector. These collaborations are crucial for driving innovation, sharing expertise, and accelerating the deployment of sustainable solutions on a global scale.
Table: TechnipFMC’s Collaborative Partnerships for Sustainability
| Partner / Project | Time Frame | Details and Strategic Purpose | Source |
|---|---|---|---|
| Cairn Oil & Gas | 2025 | Signed an alliance agreement to advance deepwater exploration in India, leveraging TechnipFMC’s expertise and technology to support Cairn’s Net Zero by 2030 ambition. | Cairn Oil & Gas and TechnipFMC Sign Alliance Agreement to … |
| Sulzer Flow Equipment | 2024 | Collaborated with Sulzer Flow Equipment to develop subsea CO2 pump solutions for new technologies, specifically for Petrobras FPSO applications. | TechnipFMC, Sulzer Flow Equipment collaborate on subsea CO2 … |
| Prysmian | 2024 | Partnered with Prysmian to accelerate floating offshore wind development globally, providing an integrated solution to reduce time to first power. | TechnipFMC and Prysmian Announce Floating Offshore Wind … |
| Orbital Marine Power | 2021 | Made a strategic investment and partnership with Orbital Marine Power to accelerate the global tidal energy market, focusing on floating tidal turbine technology. | TechnipFMC gets into tidal energy – Splash247 |
| Bombora Wave Power | 2020 | Partnered with Bombora Wave Power to develop a floating offshore energy platform integrating wind and wave energy, targeting multi-MW capacity. | Bombora and TechnipFMC to develop multi-MW floating wind-wave … |
From Seabed to Surface: Applications Spanning the Energy Landscape
TechnipFMC’s sustainability efforts span a remarkable range of applications within the energy sector. From subsea CO2 pumps developed with Sulzer Flow Equipment for Petrobras FPSOs to all-electric iEPCI™ solutions for carbon capture and storage as part of the Northern Endurance Partnership, the company is actively tackling emissions at various points in the energy value chain. The development of floating offshore energy platforms integrating wind and wave energy with Bombora Wave Power demonstrates a commitment to diversifying renewable energy sources. This diversity shows a comprehensive approach to sustainability, addressing both traditional energy production and the transition to cleaner alternatives.
Global Impact: Leading the Charge Towards a Sustainable Energy Future
While specific geographic installation data isn’t comprehensively detailed in the provided sources, we can infer key trends. The alliance with Cairn Oil & Gas to advance deepwater exploration in India suggests a focus on supporting developing economies in their transition to cleaner energy solutions. Projects like the Northern Endurance Partnership indicate a strong presence and commitment to sustainability in regions with established energy infrastructure, like the UK. The Petrobras FPSO application for subsea CO2 pumps highlights a focus on reducing the carbon footprint of existing operations in major oil-producing regions. This suggests a geographically diverse approach, tailoring solutions to the specific needs and opportunities of different regions, rather than a one-size-fits-all strategy.
Tech on the Rise: Innovation Driving Sustainable Solutions
TechnipFMC’s product launches, investments, and emerging technologies paint a picture of a company deeply invested in advancing technology maturity across several key areas. The Deep Purple™ initiative, integrating technologies for offshore green hydrogen production, shows a move beyond pilot projects toward at-scale solutions. The development of Hybrid Flexible Pipe (HFP) technology for corrosive ultra-deepwater environments demonstrates a focus on improving the efficiency and longevity of existing infrastructure. The launch of iProduction™ system to eliminate tanks, decrease GHG emissions, and reduce footprint while maintaining production efficiency. The selection for the Mero 3 HISEP® project, using subsea processing to capture CO2-rich dense gases, illustrates the commercial viability of carbon capture technologies. The progress in Subsea 2.0™ production system offers standardized and simplified components, enhancing efficiency and reducing costs. These examples reveal a balanced approach, combining cutting-edge innovations with improvements to established technologies, indicating a strategy focused on both disruptive change and incremental progress.
Looking Ahead: TechnipFMC’s Trajectory Towards a Sustainable Energy Ecosystem
TechnipFMC’s partnerships, investments, and product launches signal a clear direction towards a future where sustainable energy solutions are integrated across the entire energy value chain. The focus on green hydrogen, carbon capture and storage, and floating offshore renewables indicates a commitment to decarbonizing traditional energy sources and expanding the availability of clean energy alternatives. The collaboration with Prysmian to accelerate floating offshore wind development and the investment in Loke Marine Minerals for seabed mineral extraction show a willingness to explore new frontiers in renewable energy and resource management.
Emerging insights suggest that TechnipFMC is not just developing individual technologies but is building an ecosystem of interconnected solutions that can be tailored to meet the specific needs of different regions and industries. The company’s ability to combine innovative technologies with practical, cost-effective solutions positions it as a key enabler of the energy transition.
Frequently Asked Questions
What are the three pillars of TechnipFMC’s sustainability strategy?
TechnipFMC’s sustainability strategy is built on three pillars: greenhouse gas removal, floating offshore renewables, and hydrogen.
What is TechnipFMC’s new three-year Sustainability Scorecard and when was it launched?
TechnipFMC launched a new three-year Sustainability Scorecard in 2024, setting specific targets to drive their sustainability efforts.
Can you provide an example of TechnipFMC’s investment in green hydrogen?
TechnipFMC invested in and partnered with McPhy in 2020 to develop large-scale, competitive carbon-free hydrogen solutions, encompassing production, liquefaction, storage, and distribution.
With whom is TechnipFMC collaborating to develop subsea CO2 pump solutions?
TechnipFMC is collaborating with Sulzer Flow Equipment to develop subsea CO2 pump solutions, specifically for Petrobras FPSO applications.
What is the Deep Purple™ initiative and what does it focus on?
The Deep Purple™ initiative integrates technologies for offshore green hydrogen production, showing a move beyond pilot projects toward at-scale solutions.
