Technip Energies secures ‘large’ equipment supply deal for INEOS’ Project ONE
French engineering company Technip Energies has secured a contract with chemical company INEOS for the proprietary equipment supply for INEOS Olefins Belgium NV’s Project ONE in Antwerp.
Project ONE aims to build an ethane cracker in the Port of Antwerp with a nameplate capacity of 1450 kilotons of ethylene per year.
Technip Energies has previously completed the ethylene license and extended front-end engineering and design (FEED) for this project and now, the company will deliver its ethane cracker technology and equipment.
The new contract is described as a ‘large’ award for Technip Energies, representing between €250 million and €500 million of revenue.
As explained, the cracker is designed to achieve a CO2 footprint of less than 50% of the best 10% of European crackers.
The furnaces are modularized and designed to fire high hydrogen fuel, and to transition to 100% hydrogen firing in the future, in addition to the plant being carbon capture ready.
The plant design maximizes the use of modularization, using Technip Energies’ experience in modularized liquefied natural gas (LNG) projects.
Bhaskar Patel, SVP Sustainable Fuels, Chemicals and Circularity, Technip Energies, said: “We are very pleased that INEOS selected our low carbon ethane cracker technology and equipment for this sizeable project. Utilizing our extensive experience with modular design will result in a reduced site assembly footprint with sustainable features to reduce emissions.”
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