Technip, LanzaTech To Enter Negotiations On $200M Grant From U.S. DOE

Technip, LanzaTech To Enter Negotiations On $200M Grant From U.S. DOE - Carbon Herald

French engineering and technology company Technip Energies (EPA: TE) and US-based carbon capture and utilization specialist LanzaTech (NASDAQ: LNZA) have been chosen by the U.S. Department of Energy (DOE) for negotiations regarding a substantial investment of up to $200 million under the Bipartisan Infrastructure Law and Inflation Reduction Act (IRA).

This funding, facilitated by the DOE’s Office of Clean Energy Demonstrations as part of the Industrial Demonstrations Program (IDP), marks a significant step forward in their joint project SECURE – Sustainable Ethylene from CO2 Utilization with Renewable Energy.

The SECURE project aims to pioneer a revolutionary technology capable of producing sustainable ethylene from captured carbon dioxide (CO2).

This joint endeavor, announced in July 2023, targets the commercial-scale production of sustainable ethylene, a crucial component in numerous chemicals and materials, with a global demand exceeding 231 million tons annually.

The technology, designed to integrate seamlessly into existing ethylene production facilities, will capture CO2 emissions and convert them into sustainable ethylene.

Relevant: Technip, GE Vernova And Costain Among Contract Winners For $5 Billion Teesside Carbon Capture Project

Arnaud Pieton, CEO of Technip Energies, expressed pride in their selection for this award consideration, emphasizing the potential impact of carbon utilization on emissions reduction within the chemicals industry.

Dr. Jennifer Holmgren, CEO of LanzaTech, hailed the DOE’s initiative as a demonstration of climate leadership and underscored their commitment to developing replicable solutions that foster job creation and support local communities.

If awarded, the funding will support the design, engineering, construction, and equipment procurement for a commercial-scale integrated technology unit in the U.S., according to a joint statement by the two companies.

Leveraging Technip Energies’ expertise, the project holds promise for replication in ethylene crackers worldwide.

Expected to create 200 construction jobs and 40 permanent positions, with a focus on hiring from local and disadvantaged communities, the SECURE project exemplifies the broader goal of the DOE’s initiative to spur economic growth while mitigating harmful emissions.

It was selected as one of 33 projects across more than 20 U.S. states competing for up to a total of $6 billion.

Read more: LanzaTech Announces Waste-To-SAF Partnership With Tadweer In UAE

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