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Thursday, June 1, 2023
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Technip Energies, LyondellBasell and Chevron Phillips Chemical Sign MOU for Electric Cracking Ethylene Furnace

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Technip Energies, LyondellBasell and Chevron Phillips Chemical (CPChem) announced the signing of a Memorandum of Understanding (MoU) for the design, construction and operation of a demonstration unit for Technip Energies’ electric steam cracking furnace technology (eFurnace by T.EN) to produce olefins. The demonstration unit will be located at LyondellBasell’s site in Channelview, Texas, USA, and is designed to prove the technology at industrial scale.

Steam cracking furnaces play a significant role in the production of basic chemicals by breaking down hydrocarbons into olefins and aromatics. This cracking process requires a temperature of more than 1,500°F (850°C).

Technip Energies, a leader in the ethylene market, developed the concept and design for the e.Furnace by T.EN technology, which could achieve this temperature using electricity as the heat source. The use of renewable electricity in this process would contribute to significantly reducing GHG emissions associated with olefins production.

Arnaud Pieton, CEO of Technip Energies, stated: “We are delighted to team up with LyondellBasell and CPChem to bring the eFurnace by T.EN to fruition. Consistent with our purpose to engineer a much-needed sustainable future Technip Energies is making huge strides toward reducing the CO2 emissions resulting from the production of ethylene and this design will enable olefins producers to take advantage of the growing supply of available renewable energy to operate the most energy-intensive part of the plant.”

Peter Vanacker, CEO of LyondellBasell, said: “We are taking decisive steps toward reducing our absolute scope 1 and 2 greenhouse gas emissions, while creating solutions for everyday sustainable living. Deployment of an industrial-scale electric cracking furnace is one option we are considering in this space because of its ability to reduce furnace GHG emissions by up to 90% compared to a conventional furnace. Our Channelview site has the infrastructure, and our people have the expertise to test this advanced furnace technology and help our industry accelerate climate action.”

Bruce Chinn, President and CEO of Chevron Phillips Chemical, said: “Climate change is a global issue that will take action from all segments of society, and we want to be part of the solution by reducing the intensity of our carbon footprint. This project supports our efforts toward lowering the carbon intensity of our operations and demonstrates our continued focus on accelerating change for a sustainable future.

About Technip Energies

Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering.

Operating in 35 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.

Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”) traded over-the-counter in the United States.

For further information: www.ten.com.

About LyondellBasell

We are LyondellBasell – a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. Across all we do, we aim to unlock value for our customers, investors and society. As one of the world’s largest producers of polymers and a leader in polyolefin technologies, we develop, manufacture and market high-quality and innovative products for applications ranging from sustainable transportation and food safety to clean water and quality healthcare.

For more information, please visit www.lyondellbasell.com or follow @LyondellBasell on LinkedIn.

About Chevron Phillips Chemical

“Chevron Phillips Chemical” includes Chevron Phillips Chemical Company LLC and its wholly owned subsidiaries. Chevron Phillips Chemical is one of the world’s top producers of olefins and polyolefins and a leading supplier of aromatics, alpha olefins, styrenics, specialty chemicals, plastic piping and polymer resins. With approximately 5,000 employees, Chevron Phillips Chemical and its affiliates own nearly $18 billion in assets, including 31 manufacturing and research facilities in six countries. Chevron Phillips Chemical is equally owned by Chevron U.S.A. Inc. and Phillips 66 Company, and is headquartered in The Woodlands, Texas. For more information about Chevron Phillips Chemical, visit www.cpchem.com.

“Chevron Phillips Chemical” or “CPChem” may refer to one or more Chevron Phillips Chemical’s subsidiaries or affiliates or to all of them taken as a whole. All of these terms are used for convenience only and are not intended as a precise description of any of the separate companies, each of which manages its own affairs.


Contacts

Annette Morgan:
Head of Marketing & Communications – Americas
Tel: +1 281-249-2475
Email: Annette Morgan

LyondellBasell news inquiries’ line:
Tel: +1 713 309 7575
Email: LyondellBasell

Hallie Frazee:
Chevron Phillips Chemical
Tel: +1 512-585-6638
Email: Hallie Frazee