Technip Energies (PARIS:TE) 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 %.
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.
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