Gulf Oil and Gas accountACCOUNT

Siemens & Linde Will Accelerate Decarbonization Efforts in Petrochemical

Source: www.gulfoilandgas.com 11/6/2020, Location: Europe

The downstream oil and gas industry is under intense pressure to improve efficiency, reduce greenhouse gas (GHG) emissions, comply with strict environmental regulations, and demonstrate that it can be part of a sustainable future. At the same time, plant operators face the ever-present challenge of lowering costs and maintaining profitable operations.

To help the industry meet these demands, Siemens Energy and Linde Engineering have entered into a strategic partnership. As part of the collaboration agreement, the two companies will leverage their complementary portfolios and competencies to investigate, develop, and optimize technology and equipment packages to enhance the sustainability and performance of petrochemical facilities (brownfields and greenfields).

The companies will jointly conduct studies that explore how Siemens Energy’s and Linde Engineering’s technologies can be combined to facilitate the decarbonization of petrochemical plants through emissions reductions and increases in energy efficiency – for example, by optimizing the consumption of power and steam.

Particular areas that will be evaluated include, but are not limited to, the use of Siemens Energy’s products, including gas turbines, steam turbines, compressors, and generators with Linde Engineering’s steam cracker technology and related processes for olefin production, purification, and separation. The companies will also explore how renewable technologies and energy storage can be leveraged to support customers’ decarbonization initiatives. Other key performance areas that will be targeted for improvement include plant availability and uptime, maintenance, OPEX and CAPEX, and regulatory compliance.

“The core competencies and technology portfolios of Siemens Energy and Linde Engineering are highly complementary,” said Thorbjoern Fors, Executive Vice President for Siemens Energy Industrial Applications. “Our experience in designing and building low-emissions energy systems, coupled with Linde Engineering’s expertise in steam cracker technology and other downstream processes, will enable us to unlock tremendous value for petrochemical customers, who are under intense pressure to reduce costs and decarbonize.”

“The partnership builds on the longstanding and trustful business relationship that Siemens and Linde Engineering have maintained for decades,” said John van der Velden, Senior Vice President Global Sales & Technology at Linde Engineering. “It represents a key step in helping the industry drive toward a more sustainable, profitable future and in offering our customers a more efficient solution for ethylene production.”

Environmental Services News in Germany >>

South Korea >>  1/22/2021 - Kerogen Capital (Kerogen), the independent private equity fund manager specialising in the energy sector, supports the goal of the Paris Agreement to ...
Norway >>  1/21/2021 - Europe is devoting extensive resources to achieving the climate goals, and the maritime industry is part of the solution. Green solutions and zero-emi...

United Kingdom >>  1/21/2021 - Zennor Petroleum Limited (Zennor), the independent UK based oil and gas company engaged in the appraisal, development, and production in the UKCS, sup...
South Korea >>  1/18/2021 - Avance Gas Holding Ltd ("AGAS") announces that it has entered into shipbuilding contracts for two 91,000 CBM, LPG Dual-Fuel VLGCs with Daewoo Shipbuil...

Sweden >>  1/18/2021 - Alfa Laval - a world leader in heat transfer, centrifugal separation and fluid handling - has joined a project with DTU Energy, Haldor Topsoe, Svitzer...
Russia >>  1/15/2021 - The Kuibyshev refinery, an enterprise of Rosneft Oil Company refining complex, has attested the compliance of its Environmental Management System with...




Germany Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.