LyondellBasell to test new furnace tech in push to cut emissions

TechnipFMC

01/06/2023 15:17

June 1 (Reuters) - Chemical maker LyondellBasell
Industries  LYB.N  said on Thursday it would evaluate a new
electric furnace technology in olefins production, along with
Technip Energies  TE.PA  and Chevron Phillips Chemical, as it
seeks to cut greenhouse gas (GHG) emissions. 
    The three parties plan to jointly design, construct and
operate a demonstration unit for the new eFurnace Technolgy at
LyondellBasell's Channelview site. 
    Lyondell is among the world's largest producers of olefins
that are used in automobiles, durable goods, detergents, milk
bottles and food packaging.     
    The company said the eFurnace technology could enable
LyondellBasell to use renewable electricity as a heat source for
the olefins cracking process.
    It has the ability to reduce furnace GHG emissions by up to
90% compared with a conventional furnace, LyondellBasell CEO
Peter Vanacker said.     
    The Houston-based company, which has entered into a
memorandum of understanding with Technip and Chevron to evaluate
the technology, said a joint development agreement is expected
to be signed later this year.

 (Reporting by Sourasis Bose in Bengaluru
Editing by Vinay Dwivedi)
 ((Sourasis.Bose@thomsonreuters.com;))