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Vallourec sees geothermal leading new energies by 2030

Vallourec sees geothermal leading new energies by 2030

- Vallourec VLLP.PA said on Monday it expects geothermal to become the largest contributor to its new energies business, with an addressable market of around 400,000 tonnes by 2030.

The French tubular solutions company said the outlook supports its target for new energies to account for at least 10-15% of group EBITDA by 2030.



(Reporting by Mathias de Rozario in Gdansk)

((mathias.derozario@thomsonreuters.com))

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