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Released May 29, 2024 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Technip Energies N.V. (Paris, France) continues to grow its presence in the U.S. and Canadian markets for liquefied natural gas (LNG) and carbon-capture projects, with the latter boasting some of the company's most significant recent contract wins--not all of them in the power-generation industry. Industrial Info is tracking $17.8 billion worth of active and planned projects across the U.S. and Canada involving Technip Energies, more than half of which is attributed to projects in Texas.
Click on the image at right for a graph detailing active and planned projects across the U.S. and Canada involving Technip Energies, by industry sector.
Carbon capture and storage (CCS) technology has emerged as a driving force behind Technip Energies' backlog growth. "As we grow our innovation spend and R&D spend, a large part of that is going into carbon capture, optimizing the amine-based technology capex [capital expenditures] and opex [operational expenditures], as well as investing in future technologies, as we know that there is no one size fits all yet in the world of carbon capture," said Arnaud Pieton, the chief executive officer of Technip Energies, in a recent quarterly earnings-related conference call.
Technip is providing engineering, procurement and construction (EPC) services for Exxon Mobil Corporation's (NYSE:XOM) (Irving, Texas) $200 million CCS expansion at its Shute Creek Natural Gas Treatment Complex near Kemmerer, Wyoming, in the LaBarge Field, which won federal approval last October. The expansion will allow the Shute Creek facility, which already captures between 6 million and 7 million metric tons of carbon dioxide (CO2) per year, to capture another 600,000 metric tons; a proposed second-phase expansion, which is under review, could double the newly captured amount to 1.2 million metric tons.
ExxonMobil also awarded Technip the front-end engineering and design (FEED) contract for its proposed blue hydrogen and carbon-capture development in Baytown, Texas, which is designed to produce 1 billion cubic feet per day of hydrogen while capturing more than 98% of its CO2 emissions. ExxonMobil expects to authorize spending for the project later this year. Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas and Chemical Processing Project databases can read detailed reports on the Shute Creek Phase I and Phase II expansions and the Baytown project.
Officials at Technip Energies also were upbeat about the U.S. Environmental Protection Agency's (EPA) (Washington, D.C.) recently finalized rules that could sharply reduce allowable emissions from U.S. coal-fired power plants, as well as future gas-fired generators. For more information, see April 26, 2024, article - EPA Issues Rules That Could Reshape Electric Generation.
"I view the EPA announcement as being, of course, a large opportunity because [with] carbon capture, when applied to coal-fired plants or power generation from gas, you're talking about very large quantities of CO2 all the time and for which the solutions that we have through our Canopy offering is well suited," Pieton said in the earnings call, referencing the company's Canopy line of post-combustion carbon capture solutions developed with Shell. "So, clearly it's an opportunity, a very nice opportunity set for Technip Energies. I will tell you that we have already discussions ongoing with some power-gen companies in the U.S. in order to decarbonize the gas to power plants."
In Canada, Heidelberg Materials (Heidelberg, Germany) is looking to Technip Energies to provide design-engineering services for the proposed carbon-capture project at its cement plant in Edmonton, Alberta. Heidelberg aims to reduce greenhouse gas (GHG) emissions by 90% at its 1.2 million-ton-per-year cement complex. Technip and Heidelberg say the project will be the first full-scale application of carbon capture, utilization and storage (CCUS) in the cement sector. Subscribers to Industrial Info's GMI Metals & Minerals Project Database can learn more from a detailed project report.
On the LNG side, Technip Energies is performing EPC services for Commonwealth LNG LLC's (Houston, Texas) LNG production plant in Hackberry, Louisiana, on the Gulf Coast. Developers of the six-train complex heard some good news in April, when the U.S. 5th Circuit Court of Appeals ruled Louisiana's environmental regulators properly issued air pollution permits for the project, brushing aside objections from the Sierra Club and other environmental groups.
The Commonwealth LNG LLC project is being split into a trio of two-train phases, with each phase accounting for between 3.1 million and 3.2 million tons per annum of capacity: Phase I could begin construction as early as this summer, with Phase II currently set to kick off in the first quarter of 2025. The last two trains in Phase III would begin construction toward the end of 2025. Subscribers can read detailed reports on Phase I, Phase II and Phase III.
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of reports for active and planned projects in the U.S. involving Technip Energies.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
Click on the image at right for a graph detailing active and planned projects across the U.S. and Canada involving Technip Energies, by industry sector.Carbon capture and storage (CCS) technology has emerged as a driving force behind Technip Energies' backlog growth. "As we grow our innovation spend and R&D spend, a large part of that is going into carbon capture, optimizing the amine-based technology capex [capital expenditures] and opex [operational expenditures], as well as investing in future technologies, as we know that there is no one size fits all yet in the world of carbon capture," said Arnaud Pieton, the chief executive officer of Technip Energies, in a recent quarterly earnings-related conference call.
Technip is providing engineering, procurement and construction (EPC) services for Exxon Mobil Corporation's (NYSE:XOM) (Irving, Texas) $200 million CCS expansion at its Shute Creek Natural Gas Treatment Complex near Kemmerer, Wyoming, in the LaBarge Field, which won federal approval last October. The expansion will allow the Shute Creek facility, which already captures between 6 million and 7 million metric tons of carbon dioxide (CO2) per year, to capture another 600,000 metric tons; a proposed second-phase expansion, which is under review, could double the newly captured amount to 1.2 million metric tons.
ExxonMobil also awarded Technip the front-end engineering and design (FEED) contract for its proposed blue hydrogen and carbon-capture development in Baytown, Texas, which is designed to produce 1 billion cubic feet per day of hydrogen while capturing more than 98% of its CO2 emissions. ExxonMobil expects to authorize spending for the project later this year. Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas and Chemical Processing Project databases can read detailed reports on the Shute Creek Phase I and Phase II expansions and the Baytown project.
Officials at Technip Energies also were upbeat about the U.S. Environmental Protection Agency's (EPA) (Washington, D.C.) recently finalized rules that could sharply reduce allowable emissions from U.S. coal-fired power plants, as well as future gas-fired generators. For more information, see April 26, 2024, article - EPA Issues Rules That Could Reshape Electric Generation.
"I view the EPA announcement as being, of course, a large opportunity because [with] carbon capture, when applied to coal-fired plants or power generation from gas, you're talking about very large quantities of CO2 all the time and for which the solutions that we have through our Canopy offering is well suited," Pieton said in the earnings call, referencing the company's Canopy line of post-combustion carbon capture solutions developed with Shell. "So, clearly it's an opportunity, a very nice opportunity set for Technip Energies. I will tell you that we have already discussions ongoing with some power-gen companies in the U.S. in order to decarbonize the gas to power plants."
In Canada, Heidelberg Materials (Heidelberg, Germany) is looking to Technip Energies to provide design-engineering services for the proposed carbon-capture project at its cement plant in Edmonton, Alberta. Heidelberg aims to reduce greenhouse gas (GHG) emissions by 90% at its 1.2 million-ton-per-year cement complex. Technip and Heidelberg say the project will be the first full-scale application of carbon capture, utilization and storage (CCUS) in the cement sector. Subscribers to Industrial Info's GMI Metals & Minerals Project Database can learn more from a detailed project report.
On the LNG side, Technip Energies is performing EPC services for Commonwealth LNG LLC's (Houston, Texas) LNG production plant in Hackberry, Louisiana, on the Gulf Coast. Developers of the six-train complex heard some good news in April, when the U.S. 5th Circuit Court of Appeals ruled Louisiana's environmental regulators properly issued air pollution permits for the project, brushing aside objections from the Sierra Club and other environmental groups.
The Commonwealth LNG LLC project is being split into a trio of two-train phases, with each phase accounting for between 3.1 million and 3.2 million tons per annum of capacity: Phase I could begin construction as early as this summer, with Phase II currently set to kick off in the first quarter of 2025. The last two trains in Phase III would begin construction toward the end of 2025. Subscribers can read detailed reports on Phase I, Phase II and Phase III.
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of reports for active and planned projects in the U.S. involving Technip Energies.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
