Technip Energies and LanzaTech Awarded Funding from the U.S. Department of Energy for Commercializing Breakthrough CO2 to Ethylene Technology

Core Insights - The U.S. Department of Energy (DOE) has committed up to $200 million in federal funding for Project SECURE, which aims to create sustainable ethylene from CO2 utilizing renewable energy [1][4] - Project SECURE is a collaboration between Technip Energies and LanzaTech, focusing on recycling captured carbon dioxide with low carbon intensity hydrogen to produce sustainable ethanol and ethylene [2][5] - The project will initially be deployed in the U.S. Gulf Coast region, with significant potential for replication in ethylene production facilities worldwide [2][5] Funding and Project Phases - The DOE's Office of Clean Energy Demonstrations (OCED) has awarded nearly$20 million for Phase 1 of the project, which includes a Front-End Engineering Design (FEED) study and community engagement [4][6] - The total funding of $200 million will cover the design, engineering, construction, and equipment for the commercial-scale integrated technology unit throughout the project's duration [4][6] Technological Impact - LanzaTech's carbon recycling technology can be applied across various industries, allowing for the conversion of waste carbon into valuable products rather than releasing it into the atmosphere [3][5] - The project aims to enhance the efficiency and value of existing ethylene production infrastructure while contributing to job creation and supporting local communities [5][6] Industry Context - Ethylene is a critical building block for numerous chemicals and materials, with a growing demand expected due to population increases by 2050 [5] - Technip Energies holds a significant market position, with over 40% of the global ethylene steam crackers utilizing its technology [2][9]