TechnipFMC (NYSE:FTI) (PARIS:FTI) (ISIN:GB00BDSFG982) has been awarded a significant(1) contract by Shell Moerdijk for the Engineering, Procurement and module Fabrication (EPF) for proprietary equipment and related services for eight ethylene furnaces at the Moerdijk petrochemicals complex in the Netherlands.
The new furnaces will utilize TechnipFMC’s innovative multi-lane radiant coil design and will replace 16 older units without reducing capacity at the facility, while increasing energy efficiency and reducing greenhouse gas emissions. This upgrade is expected to reduce Shell Moerdijk’s annual CO2 emissions by about 10 percent.
The new furnaces will be shipped to the site in modules, enabling the cracker to continue to operate throughout the upgrade project.
Catherine MacGregor, President Technip Energies, commented: "We are very pleased to be selected for this important revamp project for Shell and commend the efforts by the project team to reduce the CO2 emissions. This award also demonstrates our leadership in ethylene technology and the innovations we are achieving in improving energy efficiency."
Richard Zwinkels, General Manager Shell Moerdijk commented: "We continue to invest in innovation, even in difficult economic times. This investment at Moerdijk contributes to the reduction of carbon emissions from our manufacture of chemicals and to Shell’s ambition of becoming a net-zero emissions energy business by 2050 or sooner. We aim to achieve our ambition in step with society."
For TechnipFMC, a "significant" contract ranges between $75 million and $250 million.
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TechnipFMC is a global leader in the energy industry; delivering projects, products, technologies and services. With our proprietary technologies and production systems, integrated expertise, and comprehensive solutions, we are transforming our customers’ project economics.
Organized in three business segments — Subsea, Surface Technologies and Technip Energies — we are uniquely positioned to deliver greater efficiency across project lifecycles from concept to project delivery and beyond. Through innovative technologies and improved efficiencies, our offering unlocks new possibilities for our customers in developing their energy resources and in their positioning to meet the energy transition challenge.
Each of our approximately 37,000 employees is driven by a steady commitment to clients and a culture of project execution, purposeful innovation, challenging industry conventions, and rethinking how the best results are achieved.
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Category: UK Regulatory
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