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Released May 31, 2023 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Technip Energies N.V. (Paris, France), which was spun off from TechnipFMC (NYSE:FTI) (London, England) just two years ago, is racking up contract wins in the emerging markets for blue and green hydrogen, as well as carbon capture and storage (CCS), as it moves its U.S. headquarters to west Houston's Energy Corridor. Industrial Info is tracking more than $48 billion worth of projects worldwide involving Technip Energies, including more than $18 billion worth in North America.
Click on the image at right for a graph detailing North American projects involving Technip Energies' services, by project type.
One of the most closely watched projects involving Technip's services is close to its new U.S. headquarters: Exxon Mobil Corporation's (NYSE:XOM) (Irving, Texas) 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 carbon dioxide (CO2) emissions. ExxonMobil awarded Technip the front-end engineering and design (FEED) contract in January, while Honeywell International's (NASDAQ:HON) (Charlotte, North Carolina) CO2 Fractionation and Hydrogen Purification System will be used to store up to 10 million metric tons of CO2 per year.
Technip also is involved in Hy2gen AG's (Wiesbaden, Germany) green hydrogen and ammonia plant in Baie-Comeau, Quebec, called "Project Courant." Hy2gen is evaluating the proposed construction of a complex that would feature a 77-metric-ton-per-day green hydrogen unit, a 200,000-metric-ton-per-year green ammonia unit and an air separation unit (ASU) that would provide feedstock for the production of ammonium nitrate in Quebec's fertilizer industry. Technip is performing the pre-FEED study, which will determine the technology and expenses necessary to build and operate the site. It is expected to be completed before the end of the year.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can read detailed reports on the Baytown and Baie-Comeau projects. For more information on similar developments on the Texas Gulf Coast, see February 6, 2023, article - Majors, Others Continue Rush to Blue Hydrogen on Texas Gulf Coast.
The market for blue and green hydrogen is proving fertile for Technip Energies, which announced in early May it had worked with John Cockerill Group (Seraing, Belgium) to create Rely, a company that will develop industrial-scale green hydrogen and Power-to-X projects. In the market for blue hydrogen, Technip announced a partnership with Casale S.A. (Lugano, Switzerland) to jointly license autothermal reforming (ATR) technology and provide FEED services.
"Rely will provide a highly differentiated offering to the green hydrogen market," said Arnaud Pieton, the chief executive officer of Technip Energies, in a recent earnings-related conference call. "This will cover electrolysis, optimization of balance-of-plant, molecule transformation, and operations and maintenance. Digital services and the intermittency management system will also form an integral part of Rely's offering."
Technip already is at work on ExxonMobil's $200 million CCS expansion at its Shute Creek Natural Gas Treatment Complex near Kemmerer, Wyoming, in the LaBarge Field. The expansion will allow the Shute Creek facility, which already captures between 6 million and 7 million metric tons of CO2 per year, to capture up to 1.2 million more metric tons per year. Technip is providing engineering, procurement and construction (EPC) services. Subscribers to Industrial Info's GMI Oil & Gas Production Project Database can learn more from a detailed project report.
In the offshore arena, Technip is serving as a technology provider for Beacon Offshore Energy LLC's (Houston) $300 million Shenandoah Floating Production Platform in the Gulf of Mexico, which began construction in October. Its recoverable resources are estimated to be between 100 million and 400 million barrels. Subscribers can learn more from Industrial Info's project report.
Subscribers to Industrial Info's GMI Project Database 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 or proposed projects across North America involving Technip Energies' services.
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 North American projects involving Technip Energies' services, by project type.One of the most closely watched projects involving Technip's services is close to its new U.S. headquarters: Exxon Mobil Corporation's (NYSE:XOM) (Irving, Texas) 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 carbon dioxide (CO2) emissions. ExxonMobil awarded Technip the front-end engineering and design (FEED) contract in January, while Honeywell International's (NASDAQ:HON) (Charlotte, North Carolina) CO2 Fractionation and Hydrogen Purification System will be used to store up to 10 million metric tons of CO2 per year.
Technip also is involved in Hy2gen AG's (Wiesbaden, Germany) green hydrogen and ammonia plant in Baie-Comeau, Quebec, called "Project Courant." Hy2gen is evaluating the proposed construction of a complex that would feature a 77-metric-ton-per-day green hydrogen unit, a 200,000-metric-ton-per-year green ammonia unit and an air separation unit (ASU) that would provide feedstock for the production of ammonium nitrate in Quebec's fertilizer industry. Technip is performing the pre-FEED study, which will determine the technology and expenses necessary to build and operate the site. It is expected to be completed before the end of the year.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can read detailed reports on the Baytown and Baie-Comeau projects. For more information on similar developments on the Texas Gulf Coast, see February 6, 2023, article - Majors, Others Continue Rush to Blue Hydrogen on Texas Gulf Coast.
The market for blue and green hydrogen is proving fertile for Technip Energies, which announced in early May it had worked with John Cockerill Group (Seraing, Belgium) to create Rely, a company that will develop industrial-scale green hydrogen and Power-to-X projects. In the market for blue hydrogen, Technip announced a partnership with Casale S.A. (Lugano, Switzerland) to jointly license autothermal reforming (ATR) technology and provide FEED services.
"Rely will provide a highly differentiated offering to the green hydrogen market," said Arnaud Pieton, the chief executive officer of Technip Energies, in a recent earnings-related conference call. "This will cover electrolysis, optimization of balance-of-plant, molecule transformation, and operations and maintenance. Digital services and the intermittency management system will also form an integral part of Rely's offering."
Technip already is at work on ExxonMobil's $200 million CCS expansion at its Shute Creek Natural Gas Treatment Complex near Kemmerer, Wyoming, in the LaBarge Field. The expansion will allow the Shute Creek facility, which already captures between 6 million and 7 million metric tons of CO2 per year, to capture up to 1.2 million more metric tons per year. Technip is providing engineering, procurement and construction (EPC) services. Subscribers to Industrial Info's GMI Oil & Gas Production Project Database can learn more from a detailed project report.
In the offshore arena, Technip is serving as a technology provider for Beacon Offshore Energy LLC's (Houston) $300 million Shenandoah Floating Production Platform in the Gulf of Mexico, which began construction in October. Its recoverable resources are estimated to be between 100 million and 400 million barrels. Subscribers can learn more from Industrial Info's project report.
Subscribers to Industrial Info's GMI Project Database 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 or proposed projects across North America involving Technip Energies' services.
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).
