HOUSTON - Technip (EPA:FTI) Energies and LanzaTech Global, Inc. (NASDAQ: LNZA) are in negotiations with the U.S. Department of Energy (DOE) for a potential award of up to $200 million. This funding, part of the Industrial Demonstrations Program (IDP), is intended to support the development of a novel technology for sustainable ethylene production from captured carbon dioxide (CO2), under the project name SECURE.
The SECURE project, an acronym for Sustainable Ethylene from CO2 Utilization with Renewable Energy, was announced as a joint effort by the two companies in July 2023. The initiative seeks to integrate the new technology directly into existing commercial ethylene crackers to capture CO2 emissions and convert them into sustainable ethylene – a compound with a significant market presence and global demand.
Technip Energies' CEO, Arnaud Pieton, expressed pride in being considered for the DOE award and emphasized the importance of testing and developing this technology at scale to benefit the chemical industry's emissions reduction efforts. Dr.
Jennifer Holmgren, CEO of LanzaTech, highlighted the project's alignment with climate leadership and its potential to create quality jobs while supporting a just energy transition.
U.S. Secretary of Energy Jennifer M. Granholm stated the investments in industrial decarbonization would position America as a competitive nation, reduce emissions from hard-to-decarbonize sectors, and maintain high-quality jobs.
If the award is finalized, the funds will be allocated to design, engineer, construct, and equip a commercial-scale integrated technology unit in the U.S. Technip Energies, which has a significant presence in the ethylene cracker market, anticipates that this solution could be replicated in facilities worldwide.
The project is expected to create 200 construction jobs and 40 permanent positions, with a focus on hiring from local communities, especially disadvantaged ones.
The SECURE project is one of 33 initiatives across more than 20 states selected for potential IDP funding, which totals up to $6 billion. This federal support aims to advance commercial-scale decarbonization solutions, bolster local economies, and reduce emissions that impact public health.
This article is based on a press release statement from LanzaTech Inc.
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