ENGlobal Delivers Final Process Module for Hydrogen Plant
ENGlobal Corporation (NASDAQ:ENG) has successfully delivered the final process module for a hydrogen production unit in Hugoton, Kansas, intended for a renewable diesel facility with a capacity of 6,500 barrels per day. This project features innovative HTCRTM technology, enhancing efficiency and reducing carbon intensity.
ENGlobal's services included engineering and automation over an 18-month period. The company is now pursuing new green energy projects, with potential revenues ranging from $20 million to $120 million, while anticipating a resurgence in its traditional oil and gas segment.
- Successful delivery of the final module for a hydrogen production unit enhances ENGlobal's reputation in green energy technology.
- The hydrogen production unit will supply a renewable diesel facility, supporting sustainable fuel production.
- ENGlobal is pursuing new green energy projects with potential revenues between $20 million and $120 million.
- None.
HOUSTON, TX / ACCESSWIRE / June 15, 2021 / ENGlobal Corporation (NASDAQ:ENG), a leading provider of innovative, engineered modular solutions, today reported that it has delivered the last of 24 process modules being used to construct a complete hydrogen production unit located on an 800 acre-plus site in Hugoton, Kansas. Following several months of additional fabrication and construction and start-up support, ENGlobal's customer, Seaboard Energy, will use the hydrogen from this unit to begin operating a renewable diesel facility with a capacity of 6,500 barrels per day.
The hydrogen unit engineered by ENGlobal is the first in the United States to utilize a proprietary high efficiency HTCRTM (Haldor Topsoe Convection Reformer). ENGlobal also incorporated the Haldor Topsoe H2bridgeTM technology that maximizes the use of renewable feed in the process and reduces both the carbon intensity of the resulting renewable diesel product and total operating costs.
In addition to module fabrication, ENGlobal's services during the 18-month project included engineering, detailed design, procurement, and automation.
"We are extremely proud to have helped bring this unique Haldor Topsoe technology to the U.S.," said ENGlobal senior vice president Bruce Williams. "We believe this is a green energy technology that helps produce abundant renewable fuel while significantly reducing overall carbon footprint." Mr. Williams added that, by designing and fabricating in a modular fashion, ENGlobal can achieve greater control over its costs and schedule, which allows the company to deliver projects like this one on budget and on time.
Looking forward, President Roger Westerlind said that, after a year-long period during which Covid-19 limited the company's marketing efforts, ENGlobal is once again aggressively pursuing additional green energy projects. "We have a number of upcoming opportunities to deliver similar innovative renewable solutions ranging in revenue value from
"While there are no guarantees," added Mr. Westerlind, "we are increasingly confident that our application of cutting edge technology to reduce the carbon footprint of transportation fuels, plus a resurgence of our traditional oil and gas engineering segment, will lead to significant success for ENGlobal going forward."
About ENGlobal
ENGlobal (NASDAQ:ENG) is a leading provider of complete project solutions for renewable and traditional energy throughout the United States and internationally. ENGlobal operates through two business segments: Commercial and Government Services. Further information about the Company and its businesses is available at www.ENGlobal.com.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act, as amended, including those relating to the timing and completion of the proposed offering and other statement that are predictive in nature. These statements may be identified by the use of forward-looking expressions, including, but not limited to, "expect," "anticipate," "intend," "plan," "believe," "estimate," "potential," "predict," "project," "should," "would" and similar expressions and the negatives of those terms. These statements relate to future events and involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any results, performance or achievements expressed or implied by the forward-looking statements. Such factors include the risk factors set forth in the Company's filings with the SEC, including, without limitation, its Annual Report on Form 10-K for the year ended December 26, 2020, and its subsequently filed Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, as well as the risks identified in the shelf registration statement and the prospectus supplement relating to the offering. Prospective investors are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
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CONTACT:
Market Makers - Investor Relations
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Mark A. Hess
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SOURCE: ENGlobal
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