German Siemens Energy and French Technip Energies will jointly develop, commercialize, and license the Rotating Olefins Cracker (ROC) technology utilized to decarbonize olefin production processes.
Both companies bring specialized experience to commercializing this technology as Siemens Energy contributes its expertise in turbomachinery, while Technip Energies has knowledge in pyrolysis cracking to manufacture light olefins and process integration.
Upon full commercialization, the ROC technology will possess better first pass olefins yields with similar operating costs compared to the currently commercially available technologies.
The two companies have entered a Memorandum of Understanding (MOU) with the Cracker of the Future Consortium (COF), consisted of several major industry players, to discuss the installation of a hydrocarbon demonstration unit utilizing the ROC technology in a plant operated by one of the COF members.
“The ROC technology is a new paradigm in chemical process technology, as heating hydrocarbon molecules by converting the molecular kinetic energy into heat so that that thermal cracking can occur, has never been done before,” said Walter Vermeiren, Chairman of COF.
