on VALLOUREC (EPA:VK)
Vallourec Showcases Technology Center and New Energy Solutions to Investors
Vallourec, a global leader in premium tubular solutions, is hosting a site visit today at its facility in Aulnoye-Aymeries, France. The focus of the presentation is on the Group’s commitment to R&D and its growth strategy in New Energies, highlighted through the company's leading technology center.
The company aims to have New Energies contribute 10-15% of its EBITDA by 2030. Significant emphasis is placed on advancing products for hydrogen, carbon capture, and geothermal industries. The Delphy vertical hydrogen storage solution, an innovation from Vallourec, is attracting considerable interest, with potential demand pipeline including around 50 projects with a revenue opportunity of over €2 billion.
Philippe Guillemot, Chairman and CEO, reaffirmed Vallourec's commitment to leveraging its technological excellence to serve both the Oil & Gas and emerging New Energies markets. The company expects the first commercial deployment of the Delphy system by 2025.
R. H.
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