decarbonfuse Icons/logo

Press Release

Technip Energies Awarded a Proprietary Equipment Contract by Chevron Phillips Chemical for the First Complete Implementation of the Low-CO2 Cracking Furnace Technology

Published by Todd Bush on July 29, 2024

Technip Energies (PARIS) has been awarded an Engineering and Procurement contract by Chevron Phillips Chemical (CPChem) for the supply of a proprietary Low Emission Cracking Furnace in an existing olefins unit at its facility in Sweeny, Texas. This low-emission design is cost-effective and will reduce fuel consumption and CO₂ emissions by approximately 30%.

>> In Other News: Shell Advances Renewable Hydrogen Efforts with 100-megawatt Electrolyser in Germany

Technip Energies’ patented design of the Low Emission Cracking Furnace focuses on improving fuel efficiency using a novel heat recovery scheme, which includes combustion air preheat and a first-of-its-kind gas-to-gas primary feed effluent exchanger. The project also electrifies a major compressor driver, and because the low emission furnace will be capable of using hydrogen as fuel, the project enables immediate and future reductions to the existing unit’s carbon intensity.

Bhaskar Patel, SVP Sustainable Fuels, Chemicals & Circularity at Technip Energies, commented: “In our focus on net zero solutions, we are making great strides in reducing emissions in ethylene production. The first and immediate step to reduce carbon emissions is to leverage efficiencies in the process or design. We are pleased that Chevron Phillips Chemical has selected Technip Energies’ proprietary low-emission cracking furnace for this project at its Sweeny complex.”

Venki Chandrashekar, vice president, Research & Technology at CPChem added: “Our company is focused on initiatives and projects that are cost effective and have a significant impact on lowering the intensity of emissions generated by the production of the basic chemicals that society needs. We are pleased to work with Technip Energies to implement the proprietary Low-CO₂ Emissions Cracking Furnace and progress toward our goal to reduce carbon intensity.”

About Technip Energies

Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in LNG, hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The Company benefits from its robust project delivery model supported by an extensive technology, products and services offering.

Operating in 34 countries, our 15,000 people are fully committed to bringing our clients’ innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.

Technip Energies shares are listed on Euronext Paris. In addition, Technip Energies has a Level 1 sponsored American Depositary Receipts (“ADR”) program, with its ADRs trading over the counter.

For further information: www.ten.com

Icons/external Source

Add Comments

Subscribe to the newsletter

Icons/inbox check

Daily decarbonization data and news delivered to your inbox

Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.


Companies

Latest issues

  • 3 New Plants, $1B Plan — What’s XCF Up To?

    Inside This Issue 🛫 XCF Global Outlines Plan to Build Multiple SAF Production Facilities and Invest Nearly $1 Billion in Renewable Fuel Production Capacity by 2028 ⚓ Backgrounder: Government of Ca...

  • Inside the $1B SAF Push No One’s Ready For

    Inside This Issue ✈️ SAF Isn’t a Buzzword Anymore - It’s 2025’s Breakout Fuel 🏅 Global Energy Prize Awarded to Three Scientists From China, USA and Russia ⚡ ACES Delta I Hydrogen Production and St...

  • Inside Exxon's Gas Strike, EPA Smackdown, and Carbon Curveball

    Inside This Issue 🛢️ Exxon's Gas Strike, EPA Smackdown, and Carbon Curveball 🏭 MHI Awarded Contract for Basic Design of Japan's Largest CO₂ Capture Plant at Hokkaido Electric Power's Tomato-Atsuma...

View all issues

Company Announcements

Daily decarbonization data and news delivered to your inbox

Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.

Subscribe illustration