Technip Energies Secures Feed Contract for the Large-Scale, Low-Carbon Hydrogen Project at ExxonMobil's Baytown, Texas Complex
Paragraph 1: Technip Energies, a Paris-based company listed on Euronext Paris and with ADRs traded over-the-counter in the United States, has been awarded a significant contract. This contract is for the Front-End Engineering Design (FEED) of the world's largest low-carbon hydrogen project at ExxonMobil's Baytown, Texas facility.
Paragraph 2: The integrated complex will be a pioneering project, capturing more than 98% of the associated CO2 emissions, making it the largest project of its kind globally. The project aims to produce approximately one billion cubic feet of hydrogen per day, a significant contribution to the hydrogen market.
Paragraph 3: The low-carbon hydrogen project is a blue hydrogen project, which removes carbon and replaces natural gas or other higher-carbon fuels with low-carbon hydrogen. This supports decarbonization efforts and is expected to reduce Scope 1 and 2 emissions from the Baytown complex by up to 30%.
Paragraph 4: Loic Chapuis, SVP Gas and Low-Carbon Energies of Technip Energies, expressed excitement about the company's involvement in ExxonMobil's Low Carbon Solutions. He stated, "We are thrilled to be part of ExxonMobil's ambitious project to help design their low-carbon hydrogen production facility." Fabrice Frossard, the person leading the Gas and Low-Carbon Energy Department at Technip Energies, also expressed enthusiasm for the design planning of ExxonMobil's world's largest low-carbon hydrogen production complex in Baytown, Texas.
Paragraph 5: Technip Energies is a provider of consulting, engineering services, and technologies for the gas and low-carbon market. The company, with approximately 15,000 employees, operates in 34 countries and has leadership positions in Liquefied Natural Gas (LNG), hydrogen, and ethylene. It also has growing market positions in blue and green hydrogen, sustainable chemistry, and CO2 management.
Paragraph 6: The project marks a significant step forward in Technip Energies' commitment to advancing the energy transition. This project will be a significant contributor to the decarbonization of existing facilities and capturing large volumes of carbon emissions. For the latest news about the hydrogen market, visit Technip Energies' website at www.technipenergies.com.
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