{"id":526895,"date":"2021-08-11T16:18:14","date_gmt":"2021-08-11T20:18:14","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/technipfmc-announces-strategic-investment-in-loke-marine-minerals-to-enable-the-energy-transition\/"},"modified":"2021-08-11T16:18:14","modified_gmt":"2021-08-11T20:18:14","slug":"technipfmc-announces-strategic-investment-in-loke-marine-minerals-to-enable-the-energy-transition","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/technipfmc-announces-strategic-investment-in-loke-marine-minerals-to-enable-the-energy-transition\/","title":{"rendered":"TechnipFMC Announces Strategic Investment in Loke Marine Minerals to Enable the Energy Transition"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>TechnipFMC Announces Strategic Investment in Loke Marine Minerals to Enable the Energy Transition<\/b><\/p>\n<p>NEWCASTLE &amp; HOUSTON&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nTechnipFMC (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.\n<\/p>\n<p>\nMarine 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.\n<\/p>\n<p>\nTogether, 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.\n<\/p>\n<p>\nJonathan Landes, President, Subsea at TechnipFMC commented, \u201cWe 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.\u201d\n<\/p>\n<p>\nTechnipFMC 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.\n<\/p>\n<p>\nWalter Sognnes, CEO at Loke, commented, \u201cWe 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.\u201d\n<\/p>\n<p>\nThe 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.\n<\/p>\n<p><b>Important Information for Investors and Securityholders<\/b><\/p>\n<p>\nForward-Looking Statement\n<\/p>\n<p>\nThis release contains &#8220;forward-looking statements&#8221; 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 \u201cexpect,\u201d \u201cbelieve,\u201d \u201cestimated,\u201d 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.\n<\/p>\n<p><b>About TechnipFMC<\/b><\/p>\n<p>\nTechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.\n<\/p>\n<p>\nWith our proprietary technologies and comprehensive solutions, we are transforming our clients\u2019 project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.\n<\/p>\n<p>\nOrganized in two business segments \u2014 Subsea and Surface Technologies \u2014 we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI\u2122, iFEED\u2122 and iComplete\u2122), technology leadership and digital innovation.\n<\/p>\n<p>\nEach of our approximately 20,000 employees is driven by a commitment to our clients\u2019 success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.\n<\/p>\n<p><b>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 <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.technipfmc.com%2F&amp;esheet=52475463&amp;newsitemid=20210811005610&amp;lan=en-US&amp;anchor=www.TechnipFMC.com&amp;index=1&amp;md5=6a7f08691d0ac5bf6333d989d0f8694b\">www.TechnipFMC.com<\/a> and follow us on Twitter @TechnipFMC. <\/b><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210811005610r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210811005610\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210811005610\/en\/<\/a><\/span><\/p>\n<p><b>Investor relations<\/b><\/p>\n<p>\nMatt Seinsheimer<br \/>\n<br \/>Vice President, Investor Relations<br \/>\n<br \/>Tel: +1 281 260 3665<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:InvestorRelations@TechnipFMC.com\">Matt Seinsheimer <\/a><\/p>\n<p>\nJames Davis<br \/>\n<br \/>Senior Manager, Investor Relations<br \/>\n<br \/>Tel: +1 281 260 3665<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:InvestorRelations@TechnipFMC.com\">James Davis<\/a><\/p>\n<p><b>Media relations<\/b><\/p>\n<p>\nNicola Cameron<br \/>\n<br \/>Vice President, Corporate Communications<br \/>\n<br \/>Tel: +44 1383 742297<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:media@technipfmc.com\">Nicola Cameron <\/a><\/p>\n<p>\nCatie Tuley<br \/>\n<br \/>Director, Public Relations<br \/>\n<br \/>Tel: +1 713 876 7296<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:media@TechnipFMC.com\">Catie Tuley<\/a><\/p>\n<p><b>KEYWORDS:<\/b> North America United States United Kingdom Europe Norway Texas<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Oil\/Gas Natural Resources Alternative Energy Energy Mining\/Minerals<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210811005610\/en\/564651\/3\/TechnipFMC_H_RGB.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>TechnipFMC Announces Strategic Investment in Loke Marine Minerals to Enable the Energy Transition NEWCASTLE &amp; HOUSTON&#8211;(BUSINESS WIRE)&#8211; 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 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/technipfmc-announces-strategic-investment-in-loke-marine-minerals-to-enable-the-energy-transition\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;TechnipFMC Announces Strategic Investment in Loke Marine Minerals to Enable the Energy Transition&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-526895","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>TechnipFMC Announces Strategic Investment in Loke Marine Minerals to Enable the Energy Transition - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/technipfmc-announces-strategic-investment-in-loke-marine-minerals-to-enable-the-energy-transition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TechnipFMC Announces Strategic Investment in Loke Marine Minerals to Enable the Energy Transition - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"TechnipFMC Announces Strategic Investment in Loke Marine Minerals to Enable the Energy Transition NEWCASTLE &amp; HOUSTON&#8211;(BUSINESS WIRE)&#8211; 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 &hellip; Continue reading &quot;TechnipFMC Announces Strategic Investment in Loke Marine Minerals to Enable the Energy Transition&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/technipfmc-announces-strategic-investment-in-loke-marine-minerals-to-enable-the-energy-transition\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-11T20:18:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210811005610r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/technipfmc-announces-strategic-investment-in-loke-marine-minerals-to-enable-the-energy-transition\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/technipfmc-announces-strategic-investment-in-loke-marine-minerals-to-enable-the-energy-transition\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"TechnipFMC Announces Strategic Investment in Loke Marine Minerals to Enable the Energy Transition\",\"datePublished\":\"2021-08-11T20:18:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/technipfmc-announces-strategic-investment-in-loke-marine-minerals-to-enable-the-energy-transition\\\/\"},\"wordCount\":779,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/technipfmc-announces-strategic-investment-in-loke-marine-minerals-to-enable-the-energy-transition\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210811005610r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/technipfmc-announces-strategic-investment-in-loke-marine-minerals-to-enable-the-energy-transition\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/technipfmc-announces-strategic-investment-in-loke-marine-minerals-to-enable-the-energy-transition\\\/\",\"name\":\"TechnipFMC Announces Strategic Investment in Loke Marine Minerals to Enable the Energy Transition - 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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 &hellip; Continue reading \"TechnipFMC Announces Strategic Investment in Loke Marine Minerals to Enable the Energy Transition\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/technipfmc-announces-strategic-investment-in-loke-marine-minerals-to-enable-the-energy-transition\/","og_site_name":"Market Newsdesk","article_published_time":"2021-08-11T20:18:14+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210811005610r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/technipfmc-announces-strategic-investment-in-loke-marine-minerals-to-enable-the-energy-transition\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/technipfmc-announces-strategic-investment-in-loke-marine-minerals-to-enable-the-energy-transition\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"TechnipFMC Announces Strategic Investment in Loke Marine Minerals to Enable the Energy Transition","datePublished":"2021-08-11T20:18:14+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/technipfmc-announces-strategic-investment-in-loke-marine-minerals-to-enable-the-energy-transition\/"},"wordCount":779,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/technipfmc-announces-strategic-investment-in-loke-marine-minerals-to-enable-the-energy-transition\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210811005610r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/technipfmc-announces-strategic-investment-in-loke-marine-minerals-to-enable-the-energy-transition\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/technipfmc-announces-strategic-investment-in-loke-marine-minerals-to-enable-the-energy-transition\/","name":"TechnipFMC Announces Strategic Investment in Loke Marine Minerals to Enable the Energy Transition - 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