Heurtey Petrochem SA

Heurtey Petrochem SA specializes in the design and manufacturing of process furnaces and waste heat recovery systems for the refining and petrochemical industries, focusing on optimizing energy efficiency and reducing emissions. Founded in 1953 in Vincennes, France, Heurtey Petrochem SA provides solutions for thermal processing in industrial sectors. The company has undergone strategic shifts to enhance its offerings and was acquired by Axens in February 2017. Heurtey operates globally, serving clients in Europe, Asia, and North America.

The total amount raised by the firm amounts to EUR 35. 19 mn, primarily from a Private Placement/Follow on funding round, its latest round dated February 17, 2017, with Bee Up Capital participating as an investor. Heurtey Petrochem Solutions focuses on the design and manufacture of process furnaces and waste heat recovery units, serving the refining and petrochemical sectors. Their core offerings include comprehensive feasibility studies tailored to enhance energy efficiency and minimize operational emissions, catering to various energy sector clients across multiple regions.

In 2017, Heurtey Petrochem Solutions reported a revenue of EUR 266,246. 9 with an EBITDA of EUR -44,425. 4. The firm's revenue model is primarily B2B, involving contracts for equipment and services aimed at promoting operational efficiency in energy consumption.

Heurtey Petrochem is leveraging the recent funding of EUR 35. 19 mn to expand its product offerings, with new designs for advanced process furnaces in the pipeline. The company plans to increase its footprint in emerging markets in Asia by 2020, aiming to diversify its client base. The funding will support these expansions and product developments following the acquisition by Axens.