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2 minutes read

Technip Energies and LanzaTech to Receive $200M Investment for Replicable Decarbonized Ethylene Commercial Facility

Technip Energies (PARIS: TE) and LanzaTech Global, Inc. (NASDAQ: LNZA) were selected by the U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations to begin award negotiations for up to $200 million in Bipartisan Infrastructure Law and Inflation Reduction Act (IRA) funding as part of the Industrial Demonstrations Program (IDP).

The project SECURE – standing for Sustainable Ethylene from CO2 Utilization with Renewable Energy – aims to develop a transformational technology to produce sustainable ethylene from captured carbon dioxide (CO2). Technip Energies and LanzaTech announced their Joint Collaboration Agreement to create this new pathway to sustainable ethylene at commercial scale in July 2023.

Estimated to reach a $200 billion market by 2030 and with a global demand of over 231 million tons per year, ethylene is the key building block for thousands of chemicals and materials and is often called the “world’s most important chemical”. This new joint technology will be developed in the U.S. for integration directly into existing commercial ethylene crackers, whereby it will capture CO2 emissions from the process and convert them into sustainable ethylene. 

Arnaud Pieton, CEO of Technip Energies, stated: “We are extremely proud to have been selected by the DOE for this significant award consideration. Together with LanzaTech, our plan is to fully test and develop this breakthrough technology, at scale, in an actual plant, which can then be replicated in other facilities. Carbon utilization and the ability to decarbonize ethylene will have a significant impact on the chemicals industry’s emissions abatement, which is a benefit to us all.” 

Dr. Jennifer Holmgren, CEO of LanzaTech, said: “The DOE’s Industrial Demonstrations Program is climate leadership in action. We look forward to developing a replicable, breakthrough solution with Technip Energies that creates high-quality jobs and supports local communities for a just energy transition.”

If awarded, up to $200 million is expected to fund the design, engineering, construction, and equipment for a commercial-scale integrated technology unit in the U.S. Leveraging Technip Energies’ substantial industry expertise, this integrated solution has significant replication potential for ethylene crackers worldwide. Globally, there are an estimated 370 ethylene steam crackers, over 40% of which use Technip Energies’ technology, including 8 in the US. 

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