Hy2gen AG commissions Technip Energies to complete a pre-FEED study for its Canadian project COURANT
Hy2gen, the global project developer of renewable hydrogen, renewable ammonia and hydrogen-based e-fuel plants, has entrusted the completion of a pre-FEED study for its COURANT project to Technip Energies. The pre-FEED phase started at the beginning of March and is expected to be completed before the end of 2023. It will provide insights into the configuration of the plant units and technologies, as well as information on the expected capital requirements of the project, ongoing operating costs and the possible initiation of environmental impact assessments and stakeholder engagement steps. In addition, the results of the project phase will give insights for further partners of Hy2gen and Technip Energies to configure their downstream plants. Assuming a completed FEED and a positive investment decision, Hy2gen expects to have the plant completed by 2028. Production of carbon-neutral renewable ammonia is expected to start shortly thereafter, making it Hy2gen’s first Canadian project.
COURANT will produce renewable ammonia for the production of green feedstock for use in Quebec. The hydrogen will be produced via electrolysers and the nitrogen will be produced in an air separation plant. The energy to operate both plants will supplied from hydropower. This makes the production of the ammonia completely climate-neutral. The expected production volume of ammonia is designed for 220,000 metric tonnes, and the planned energy requirement for this is 2.5 TWh per year.
“We are pleased by the trust placed in Technip Energies by Hy2gen to advance the COURANT project by carrying out the pre-FEED phase. This illustrates the relevance of our existing partnership with Hy2gen and we are looking forward to accelerating together the deployment of carbon-free hydrogen and its derivatives at scale,” says Marco Villa, Chief Operating Officer of Technip Energies.
“We very much welcome the opportunity to entrust Technip Energies with the implementation of the pre-FEED phase on COURANT. Technip Energies is a leader in the international carbon-free energy market and it was particularly important for us to place the responsibility in highly professional hands for our first Canadian project,” said Cyril Dufau-Sansot, CEO of Hy2en AG. Furthermore, the project sets an important impulse for the province of Québec and represents an important milestone on the way to a climate-neutral future for the region.
About Hy2gen
Hy2gen AG, based in Wiesbaden, Germany, develops, finances, builds and operates plants worldwide for the production of renewable hydrogen, known as green hydrogen. In addition, the company specializes in the production of RNFBOs (Renewable fuels of non-biological origin), i.e. renewable ammonia and hydrogen-based e-fuels. Hy2gen uses these products to produce climate-neutral competitive fuels and energy sources. The first plants are being built in France, Norway, Canada and Germany. Hy2gen’s goal is to become the market leader in the production of renewable hydrogen and its derivatives for mobility, agriculture and industry. Founded in 2017, the company’s first-mover advantage is underlined by a current planning and construction project pipeline of 880 MW and a project pipeline of over 12 GW of electrolysis capacity in development. In the first financing rounds, Trafigura and other private investors have already invested in Hy2gen. At the beginning of 2022, Hy2gen raised a further 200 million euros for additional projects with the entry of Hy24, Mirova, CDPQ and Technip Energies. This is a transaction with the highest amount ever paid in this segment.
About Technip Energies
Technip Energies is a leading engineering and technology company for the energy transition market with leading positions in liquefied natural gas (LNG), hydrogen and ethylene, and a growing market position in blue and green hydrogen, sustainable chemistry and carbon dioxide management. The company benefits from its robust project delivery model, supported by a comprehensive range of technologies, products and services. Its 15,000 employees, operating in 34 countries, are committed to bringing clients’ innovative projects to life and breaking down barriers to accelerate the energy transition for a better future. Technip Energies is listed on Euronext Paris and trades over-the-counter in the United States in the form of American Depositary Receipts (“ADRs”). For more information: http://www.technipenergies.com/
