Siemens Energy partners with Linde Engineering to accelerate decarbonization efforts in the petrochemical sector
Decarbonization requires partnership; Linde Engineering and Siemens Energy will explore how renewable technologies and energy storage can be leveraged to support customers’ decarbonization initiatives.
To help the industry meet these demands, Siemens Energy and Linde Engineering have entered into a strategic partnership. As part of the collaboration agreement, 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.
Siemens Energy is one of the world’s leading energy technology companies. The company works with its customers and partners on energy systems for the future, thus supporting the transition to a more sustainable world. With its portfolio of products, solutions, and services, Siemens Energy covers almost the entire energy value chain – from power generation and transmission to storage. The portfolio includes conventional and renewable energy technology, such as gas and steam turbines, hybrid power plants operated with hydrogen, and power generators and transformers. More than 50 percent of the portfolio has already been decarbonized. A majority stake in the listed company Siemens Gamesa Renewable Energy (SGRE) makes Siemens Energy a global market leader for renewable energies. An estimated one-sixth of the electricity generated worldwide is based on technologies from Siemens Energy. Siemens Energy employs 91,000 people worldwide in more than 90 countries and generated revenue of around €29 billion in fiscal year 2019.
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