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Air Liquide, Chevron, LyondellBasell, and Uniper to Pursue Lower Carbon Hydrogen and Ammonia Project Along the U.S. Gulf Coast
Rhea-AI Impact
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Rhea-AI Sentiment
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Rhea-AI Summary
Air Liquide, Chevron (CVX), LyondellBasell (LYB), and Uniper have announced a collaborative study to evaluate the development of a hydrogen and ammonia production facility along the U.S. Gulf Coast. This project aims to support decarbonization efforts and increase clean ammonia exports. The consortium intends to utilize each participant's expertise in various technologies, focusing on producing hydrogen through natural gas with carbon capture and renewable hydrogen via electrolysis. The development could leverage existing Gulf Coast infrastructure for lower carbon energy supplies.
Positive
Collaboration among major industry players may enhance innovation and efficiency in hydrogen production.
Potential to advance industrial decarbonization and support clean ammonia exports, contributing to global energy transition.
Leverage of existing infrastructure along the Gulf Coast could expedite project implementation.
Negative
None.
HOUSTON--(BUSINESS WIRE)--
Air Liquide (Paris: Al), Chevron Corporation (NYSE: CVX), LyondellBasell (NYSE: LYB), and Uniper SE (FWB: UN01) have announced their intent to collaborate on a joint study that will evaluate and potentially advance the development of a hydrogen and ammonia production facility along the U.S. Gulf Coast. The facility could support industrial decarbonization and mobility applications in the region and expand clean ammonia exports, helping to increase the supply of lower carbon power internationally.
The potential project to be studied is intended to cover the end-to-end energy value chain, utilizing each participant’s technical expertise in production, operational experience, storage, distribution, and export logistics. Collectively, the consortium will bring capabilities and expertise in air separation technology, hydrogen technologies, lower carbon intensity and renewable natural gas, carbon capture and storage (CCS), electrolysis-based technologies, and petrochemicals.
Specifically, the consortium will assess the potential for producing hydrogen using natural gas with CCS and renewable hydrogen via electrolysis to supply end-use markets, including the ammonia, petrochemicals, power, and mobility markets.
If development proceeds, the project could leverage existing advantages along the Gulf Coast, including pipeline infrastructure, to supply lower carbon and renewable hydrogen to local industrial clusters. Likewise, ammonia infrastructure could support exports to both Europe and the Asia Pacific region.
Adam Peters, CEO of Air Liquide North America, said: “Air Liquide is proud to evaluate, with its customers and industry partners, opportunities to further develop and deploy low-carbon and renewable hydrogen, and carbon capture technologies in the region. The Gulf Coast is the ideal location to model hydrogen and carbon capture technologies as immediate pathways to decarbonizing hard-to-abate sectors. This project exemplifies Air Liquide’s commitment to decarbonizing industrial basins around the world. Prioritizing sustainable technologies, like hydrogen and carbon capture, means we can provide energy transition careers for many thousands of American workers while building a more sustainable energy future for all.”
Austin Knight, Vice President of Hydrogen, Chevron New Energies, said: “Across the value chain, collaborations are critical to developing a hydrogen ecosystem, and this is an example of bringing together leaders in the space to explore lower carbon hydrogen opportunities and to contribute complementary expertise. We are seeking to accelerate the deployment of lower carbon solutions and believe companies like Chevron can help bring the capabilities needed to make this a reality. We are excited to be a part of this effort.”
Aaron Ledet, Senior Vice President, Olefins and Polyolefins Americas of LyondellBasell, said: “While our products play an important role in helping to enable greenhouse gas emissions reductions through their use in renewable energy technologies, such as wind turbines, solar panels and electric batteries, we are also taking concrete steps to reduce the greenhouse gas emissions from our operations. We look forward to collaborating with the members of this consortium to continue evaluating and advancing clean hydrogen as a potential solution for reducing the greenhouse gas emissions of our U.S. Gulf Coast manufacturing assets.”
Marc Merrill, President and CEO of Uniper in North America, said: “Uniper is very excited to collaborate with this unique group of companies to explore a truly transformative U.S. Gulf Coast hydrogen infrastructure project. We look forward to bringing the best of our U.S. business and global technical and commercial platforms to support this effort. Uniper is committed to the green expansion of our Wilhelmshaven LNG receiving terminal in Germany and expects to receive and store roughly 1 MTPA of clean ammonia at the port by the end of the decade. U.S. Gulf Coast supply from this initiative can be critical to meeting that goal.”
ABOUT AIR LIQUIDE (U.S.)
Air Liquide employs more than 20,000 people in the U.S. in more than 1,300 locations and plant facilities, including a world-class R&D center. The company offers industrial and medical gases, technologies, and related services to a wide range of customers in energy, petrochemical, industrial, electronics and healthcare markets. www.airliquide.com/USA
ABOUT CHEVRON
Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable, and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals, and additives; and develops technologies that enhance our business and the industry. We are focused on lowering the carbon intensity in our operations and growing lower carbon businesses along with our traditional business lines. More information about Chevron is available at www.chevron.com.
ABOUT LYONDELLBASELL
As a leader in the global chemical industry, LyondellBasell strives every day to be the safest, best operated, and most valued company in our industry. The Company's products, materials and technologies are advancing sustainable solutions for food safety, access to clean water, healthcare and fuel efficiency in more than 100 international markets. LyondellBasell places high priority on diversity, equity and inclusion and is Advancing Good with an emphasis on our planet, the communities where we operate and our future workforce. The Company takes great pride in its world-class technology and customer focus. LyondellBasell has stepped up its circularity and climate ambitions and actions to address the global challenges of plastic waste and decarbonization. In 2022, LyondellBasell was named as one of FORTUNE Magazine's "World's Most Admired Companies" for the fifth consecutive year. For more information, please visit www.lyondellbasell.com or follow @LyondellBasell on LinkedIn.
ABOUT UNIPER
Uniper is a leading international energy company, has around 11,500 employees, and operates in more than 40 countries. The company plans for its power generation business in Europe to be carbon-neutral by 2035. Uniper’s roughly 33 GW of installed generation capacity makes it one of the world‘s largest electricity producers. The company's core activities include power generation in Europe as well as global energy trading and a broad gas portfolio, which makes Uniper one of Europe’s leading gas companies. In addition, Uniper is a reliable partner for communities, municipal utilities, and industrial enterprises for planning and implementing innovative, lower-carbon solutions on their decarbonization journey. Uniper is a hydrogen pioneer, is active worldwide along the entire hydrogen value chain, and is conducting projects to make hydrogen a mainstay of the energy supply. The company is based in Düsseldorf and is one of Germany’s largest publicly listed energy supply companies https://www.uniper.energy
CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This news release contains forward-looking statements relating to Chevron’s operations and energy transition plans that are based on management's current expectations, estimates and projections about the petroleum, chemicals and other energy-related industries. Words or phrases such as “anticipates,” “expects,” “intends,” “plans,” “targets,” “advances,” “commits,” “drives,” “aims,” “forecasts,” “projects,” “believes,” “approaches,” “seeks,” “schedules,” “estimates,” “positions,” “pursues,” “may,” “can,” “could,” “should,” “will,” “budgets,” “outlook,” “trends,” “guidance,” “focus,” “on track,” “goals,” “objectives,” “strategies,” “opportunities,” “poised,” “potential,” “ambitions,” “aspires” and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, many of which are beyond the company’s control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Unless legally required, Chevron undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
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What is the collaboration between Chevron (CVX) and LyondellBasell (LYB)?
Chevron and LyondellBasell are collaborating with Air Liquide and Uniper to evaluate a hydrogen and ammonia production facility on the U.S. Gulf Coast.
What are the goals of the hydrogen production facility project?
The project aims to support industrial decarbonization, increase clean ammonia exports, and enhance the supply of lower carbon power.
What technologies will be utilized in the hydrogen production facility?
The facility will use natural gas with carbon capture and renewable hydrogen via electrolysis.
How could this project impact clean energy in the Gulf Coast region?
It could expedite the development of a lower carbon hydrogen ecosystem, leveraging existing infrastructure.
What companies are involved in the hydrogen project?
The project involves Air Liquide, Chevron (CVX), LyondellBasell (LYB), and Uniper.
