Technip Energies: a cracking furnace installed for Chevron

(CercleFinance.com) - Technip Energies announced on Monday that it has been awarded a contract by a subsidiary of US oil giant Chevron for the installation of a low-carbon cracking furnace technology.


The engineering group, a specialist in energy transition, explains that it will supply Chevron Phillips Chemical, the oil group's specialty chemicals entity, with equipment for a low-carbon cracking furnace on an olefins unit located in Sweeny (Texas).

Technip Energies states that it plans to deploy its patented technology using a new heat recovery scheme, including preheating of the combustion air and a new type of exchanger.

The project also includes the electrification of a compressor and the use of hydrogen as a fuel, reducing carbon emissions from the existing unit.

The agreement - whose financial terms were not disclosed - is expected to reduce the plant's fuel consumption and CO2 emissions by around 30%.

Chevron Phillips Chemical - or CPChem - offers aromatic products, alpha-olefins, styrenics, specialty chemicals, plastic piping and polymer resins.

Based in The Woodlands (Texas), the company is equally owned by Chevron and Phillips 66.


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