Aker Solutions Wins e-Fuel Plant FEED Deal
Aker Solutions has revealed that it has signed a contract with Nordic Blue Crude (NBC) for the front end engineering and design (FEED) of a new e-Fuel facility at Heroya in Porsgrunn, Norway.
The e-Fuel plant is planned to produce CO2 neutral fuel by using green hydrogen and furnace gas from an existing factory. FEED work will start immediately and is planned to be completed in the third quarter of 2021, Aker Solutions outlined, adding that work will involve around 50 employees from Aker Solutions, primarily at the company’s headquarters in Fornebu, Norway.
Based on the FEED results, NBC aims to sanction the start of detailed engineering, procurement, construction, and installation (EPCI) within the second half of 2021, Aker Solutions highlighted.
“Aker Solutions has been working with NBC on this concept for more than two years,” Kenneth Simonsen, the interim executive vice president and head of the renewables business in Aker Solutions, said in a company statement.
“The FEED contract brings the project a big step forward towards realization. The project also supports our strategy to grow the company’s business related to renewables and low carbon oil and gas projects. Based on delivery of solid front end engineering, we aim to be in a good position for future work,” the Aker Solutions representative went on to say.
In a statement posted on its website, Aker Solutions noted that it is already a leading supplier to oil and gas companies globally and said it will continue to maintain this market position. The company added, however, that, in parallel, it will rapidly grow activities for sustainable energy production and highlighted that its ambition is to generate one third of its revenue from renewable energy projects and low carbon solutions by 2025, and two thirds by 2030.
To contact the author, email andreas.exarheas@rigzone.com
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Gunvor CEO Sees Russian Refining Capacity Taking Hit from Drone Strikes
- These Factors Helped Brent Oil Price Break Above $85
- Sinopec Engineering Posts Higher Annual Petrochemicals Revenue
- Imperial Pipeline in Winnipeg Goes Offline for Three Months
- Gaz System to Acquire Gas Storage Poland
- Subsea7 Secures Contract to Service Woodside's Trion
- Adnoc Inks Supply Deal for Ruwais LNG Project with Germany's SEFE
- EIA Boosts USA Crude Oil Production Forecasts
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- EIA Drops 2024 Henry Hub Gas Price Forecast
- EIA and Standard Chartered Offer Up Latest Oil Price Predictions
- Red Sea Region Sees Another Watershed Incident
- Chevron Oil Project in Kazakhstan to Cost $48.5B
- OPEC Voices Encouragement after IEA Affirms Support for Oil Security
- Biden Govt Bares Strategy for Freight Charging, Hydrogen Fueling Infra
- Rystad Looks at the Buzz Around White Hydrogen
- Ukraine Hits Third Russian Refinery In Escalating Drone Strikes
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Is Peak Oil Demand Close?
- Vessel Sinks in Red Sea After Missile Strike
- JP Morgan, Standard Chartered Reveal Latest Oil Price Forecasts
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Rystad Forecasts Net Production of Top Permian Producers in 2024
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension