Eavor Technologies Inc . and Eavor Erdwärme Geretsried GmbH have been awarded a EUR 91.6M grant from the European Innovation Fund ( EIF ), in support of the Eavor-Europe™ geothermal project already under construction in Bavaria south of Munich near the town of Geretsried , Germany . The project is the world ’ s first commercial implementation of an Eavor-Loop™ , a showpiece of the zeroemissions heat and power production capabilities of next-generation geothermal technology , and a flagship site for the fundamental ability of Eavor-Loop™ to provide energy security and autonomy , globally . Construction began in October 2022 , with drilling scheduled to commence |
in July 2023 . Two of Europe ’ s largest drilling rigs are already under a four-year contract with KCA-Deutag . An Organic Rankine Cycle ( ORC ) power plant is being designed and constructed simultaneously with drilling operations in collaboration with Turboden S . p . A ., with the first energy production scheduled for Q4 , 2024 . The project will result in 8,2 MWe and ~ 44.000 tCO2e GHG emissions avoided per year including anticipated heat offtake and power sales . Eavor estimates that ~ 20.000 homes will be powered with clean energy harnessed from the Earth and up to 600 person-years of drilling services and powerplant / infrastructure jobs will be created during the construction phase of the project . |
Saudi Aramco and Linde Engineering have signed an agreement to jointly develop a new ammonia cracking technology . The collaboration between the two companies will combine Linde Engineering and Aramco ’ s experience and capabilities in industrial research and development , lower-carbon hydrogen , and ammonia cracking technology . A potential differentiator of this new technology is the ammonia cracking catalyst , jointly developed by Aramco and the King Abdullah University of Science and Technology ( KAUST ), which will be evaluated against other catalysts . |
Through this agreement , Aramco and Linde Engineering plan to build a demonstration plant in northern Germany to showcase this new ammonia cracking technology . Linde Engineering intends to offer this ammonia cracking technology to current and new customers , creating new commercial opportunities within the global lower-carbon energy supply chain . The emerging lowercarbon ammonia business may prove to be key in bridging the gap between a country ’ s domestic renewable energy production capacity and total energy demand . |
SABIC has signed an agreement with Coolbrook , a transformational technology and engineering company , to assess Coolbrook ’ s Roto Dynamic ReactorTM ( RDR ) technology in support of decarbonising ethylene production . SABIC is committed to achieving its stated decarbonisation ambitions – 20 % reduction by 2030 and carbon neutrality by 2050 – and to supporting |
customers in achieving their own decarbonisation ambitions . This new collaboration is one of SABIC ’ s many active programs aimed at reducing , and ultimately eliminating , the CO2 emissions from manufacturing facilities as well as supporting customers on their energy transition journeys . One very promising option is the electrification of steam cracking plants which , in conjunction with |
the use of renewable power , has the potential to reduce the Scope 1 and 2 emissions linked with ethylene and propylene production by over 90 %. In addition to pressing ahead with the commercialisation of near term available electrification technology , SABIC , via SABIC Ventures , its global corporate venturing arm , continues to stimulate the industry ecosystem |
and invest in a pipeline of early stage technologies with the expectation that some of these , once fully developed , can be commercialised to support SABIC ’ s and the wider petrochemicals industry ’ s transition towards carbon neutrality . SABIC believes collaboration and partnership are key to achieving its ambitious climate targets in line with the industry ’ s growth aspirations . |