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.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
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.
Copyright (c) 2024 CercleFinance.com. All rights reserved.