NEWS! Today, with our partner Technip Energies, we announced that the Office of Clean Energy Demonstrations | U.S. Department of Energy (OCED) has awarded our Project SECURE up to $200 million and authorized the initiation of Phase 1. This news comes after first announcing Project SECURE was selected for award negotiations in March 2024.
Put simply, we're building a true Power-to-X facility. Project SECURE intends to deploy an integrated commercial process to capture CO2 from ethylene production and, once combined with low carbon intensity H2, recycle them into sustainable ethanol and ethylene. We are aiming for this joint technology solution to first be integrated into an existing commercial ethylene cracker in the U.S. Gulf Coast region, and it has significant replication potential across ethylene crackers worldwide. Today, an estimated 370 ethylene steam crackers are in operation around the world, >40% of which use Technip Energies’s technology, including 8 in the U.S. This translates into significant carbon feedstock efficiency—Project SECURE increases ethylene production without adding more virgin fossil carbon.
With a market expected to reach $200 billion by 2030, ethylene is largely recognized as the “world’s most important chemical” because it’s a building block for thousands of applications in essential industries, including plastics, refrigerants, and produce ripening. It's also a key chemical for the future of aviation, as Technip Energies’ technology which converts ethanol to ethylene is also being used in LanzaJet’s Alcohol-to-Jet process to produce sustainable aviation fuel (SAF). Deploying a commercial route for sustainable ethylene production using recycled carbon as a feedstock is ground-breaking for advancing our materials circularity objective and realizing a thriving, enduring circular carbon economy.
The OCED’s $200 million award will help fund the design, engineering, construction, and equipment for the commercial-scale integrated technology unit over four phases. Phase 1, representing nearly $20 million of OCED funding, will include conducting a Front-End Engineering Design (FEED) study, developing project plans, providing documentation and reports necessary to complete the National Environmental Policy Act (NEPA) review, and engaging with local community and labor stakeholders.
“Our project not only increases the efficiency and value of existing ethylene production infrastructure but also creates high-quality jobs and supports local communities,” said Jennifer Holmgren, Chair & CEO of LanzaTech.
Read more about Project SECURE: https://lnkd.in/gG--hxQU
Read more about the OCED’s Industrial Demonstrations Program: https://lnkd.in/gJDS6myc
#SAF #carbonrecycling #CCU #sustainableethylene #energytransition #circulareconomy