The German multinationals Siemens Energy and Linde Group have partnered to bring fast-paced decarbonization efforts in the global petrochemical sector.
Due to rigid environmental regulations, the downstream oil and gas industry is facing high pressure to improve their efficiency, reduce greenhouse gas (GHG) emissions and thus to prove their commitment towards building a sustainable future.
At the same time, the plant operators are confronting the challenge of constantly lowering costs and maintaining profitable operations. The strategic partnership between Siemens Energy and Linde Engineering aims to address these issues in the sector.
As part of the agreement, the two companies will strengthen their capacity to investigate, develop and enhance technology and equipment requirements to boost the sustainability and performance of petrochemical facilities.
Siemens Energy and Linde Group will conduct a combined study about how the technologies of the two companies can be utilized jointly to facilitate the decarbonization of the petrochemical sector by improving power and steam consumption.
The partnership will further evaluate the areas such as utilizing Siemens Energy products like gas turbines, steam turbines, compressors and generators with Linde Engineering’s steam cracker technology and linked to processes for olefin production, purification and separation.
“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 companies will also examine the possibilities to use renewable technologies and energy storage for supporting customers’ decarbonization initiatives. Other important areas of focus will be plant availability and uptime, maintenance, Opex and Capex and regulatory compliance.
Commenting on the deal John van der Velden, Senior VP Global Sales & Technology at Linde Engineering stated that, “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.”