LyondellBasell Pursues New Electric Furnace Technology, Collaborates with Technip Energies and ChevronPhillips
HOUSTON, June 1, 2023 /PRNewswire/ -- LyondellBasell (NYSE: LYB) today announced it has signed a memorandum of understanding (MOU) with Technip Energies and Chevron Phillips Chemical to potentially design, construct and operate a demonstration unit using Technip Energies' electric steam cracking furnace technology (eFurnace by T.EN™).
- HOUSTON, June 1, 2023 /PRNewswire/ -- LyondellBasell (NYSE: LYB) today announced it has signed a memorandum of understanding (MOU) with Technip Energies and Chevron Phillips Chemical to potentially design, construct and operate a demonstration unit using Technip Energies' electric steam cracking furnace technology (eFurnace by T.EN™).
- "We are taking decisive steps to reduce our absolute scope 1 and 2 greenhouse gas emissions, while creating solutions for everyday sustainable living," said Peter Vanacker, CEO of LyondellBasell.
- "Deployment of an industrial-scale electric cracking furnace is one option we are considering in this space because of its ability to reduce furnace GHG emissions by up to 90% compared to a conventional furnace."
- "We are delighted to team up with LyondellBasell and CPChem to bring the eFurnace by T.EN™ to fruition," said Arnaud Pieton, CEO of Technip Energies.