[ Industry Update ]
[ Industry Update ]
Tvarit raises EUR 5M to drive net-zero metal manufacturing
TechnipFMC awarded contract for Agogo Project
Tvarit has closed its funding round , led by Momenta and Futury Capital , to enable AI-powered , waste-free , and energy-efficient metal manufacturing . The round also included a significant re-investment by existing investor Matterwave Ventures . Tvarit , a Frankfurt-based startup , is on a journey to enable zero-waste manufacturing . The World Economic Forum estimates that industrial waste accounts for half of all waste generated globally . Manufacturing is the largest and fastestgrowing contributor to this waste stream , with an estimated 20 % of every dollar spent on manufacturing producing waste . Tvarit estimates that the metals industry loses EUR 160bn annually .
TechnipFMC has been awarded a substantial contract by Azule Energy to supply flexible pipe for the Agogo Integrated West Hub Development Project , offshore Angola . The contract is one of TechnipFMC ’ s largest ever awards for flexible pipe in West Africa , and covers the engineering , procurement , and supply of jumpers , flowlines , risers , and all associated ancillary equipment . The flexible pipe will connect the new Agogo facility to the subsea production systems . Azule Energy , a bp and Eni company , is the operator of Block 15 / 06 in Angola offshore , partnering with Sonangol P & P and SSI Fifteen Limited .
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