• Mon. Jun 24th, 2024

LanzaTech and Technip Energies Secure Potential $200 Million Funding for CO2-to-Ethylene Technology Breakthrough

BySamantha Jones

Mar 25, 2024
DOE Evaluates Technip and LanzaTech for $200 Million ‘Breakthrough’ Technology Prize

LanzaTech Global Inc. and Technip Energies have been selected by the U.S. Department of Energy to negotiate awards for their joint project to transform CO2 into sustainable ethylene, potentially receiving up to $200 million in funding. This funding is part of the DOE’s Industrial Demonstrations Program, awarded under the Bipartisan Infrastructure Law and Inflation Reduction Act.

The companies are working on developing CO2-to-ethylene technology that involves capturing flue gas from ethylene crackers’ furnaces and combining it with hydrogen to create ethylene. LanzaTech will use its biorecycling technology to convert recycled waste carbon into ethanol, which will then be transformed into ethylene using Technip Energies’ Hummingbird technology.

Arnaud Pieton, CEO of Technip Energies, emphasized the importance of testing and developing this technology at scale to have a significant impact on carbon emissions in the chemicals industry. The process aims to decarbonize ethylene, a crucial building block for various products like plastics, clothing polyester, and PVC pipes.

If awarded, the funding will be used for designing, engineering, constructing, and equipping a commercial-scale integrated technology unit in the U.S., with potential for replication in ethylene crackers worldwide. Over 40% of existing crackers already utilize Technip Energies’ technology, including eight in the U.S., demonstrating the widespread adoption of this innovative solution in the industry.

By Samantha Jones

As a dedicated content writer at newszxcv.com, I bring a passion for storytelling and a keen eye for detail to every piece I create. With a background in journalism and a love for crafting engaging narratives, I strive to deliver informative and captivating content that resonates with our readers. Whether I'm covering breaking news or delving into in-depth features, my goal is to inform, entertain, and inspire through the power of words. Join me on this journey as we explore the ever-evolving world of news together.

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