The downstream oil and gas industry is under intense pressure to improve efficiency, reduce greenhouse gas (GHG) emissions, comply with strict environmental regulations and demonstrate that it can be part of a sustainable future. At the same time, plant operators face the ever-present challenge of lowering costs and maintaining profitable operations.
To help the industry meet these demands, Siemens Energy and Linde Engineering enter into a strategic partnership. The two companies will leverage their complementary portfolios and competencies to investigate, develop and optimize technology and equipment packages to enhance the sustainability and performance of petrochemical facilities (brownfields and greenfields).
The companies will jointly conduct studies that explore how Siemens Energy’s and Linde Engineering’s technologies can be combined to facilitate the decarbonization of petrochemical plants through emissions reductions and increases in energy efficiency – for example, by optimizing the consumption of power and steam. Areas they will evaluate include the use of Siemens Energy’s products, including gas turbines, steam turbines, compressors and generators, with Linde Engineering’s steam cracker technology and related processes for olefin production, purification and separation.
The companies will also explore how renewable technologies and energy storage can be leveraged to support customers’ decarbonization initiatives. Other key performance areas targeted for improvement include plant availability and uptime, maintenance, OPEX and CAPEX and regulatory compliance.
For more information, visit: www.siemens.com