G2 Net-Zero has awarded a FEED contract to McDermott International for the development of its net-zero power generation plant in Southwest Louisiana, G2 CEO Angele Davis said on Jan. 5.
“We executed an intensive and exhaustive search to find the right provider and all roads led to McDermott,” Davis said. “Their proven project execution model, unparalleled expertise, industry-leading safety record and technical standards will help propel G2 toward profitable on-schedule production of our much-anticipated net-zero emission products. The world is telling us they want and need our products today—not 20 years from now—and we’ve promised to deliver. McDermott has a long record of providing exactly the skills, experience and innovation necessary to bring G2’s vision to market.”
G2 Net-Zero, a venture of Chas Roemer Innovations, is a Louisiana-based company that will use breakthrough technology developed by NET Power to provide emission-free electricity, liquefied natural gas and industrial by-products like blue ammonia, argon, nitrogen, hydrogen and oxygen to a world hungry for clean energy solutions.
“We welcome the opportunity to progress towards a carbon-neutral future driven by clean, sustainable and affordable energy with G2,” Samik Mukherjee, McDermott executive vice president and COO, said. “This award is another example of our integrated approach, strategic resources and expertise with breakthrough technology to advance the energy transition and quickly deliver carbon-neutral products.”
McDermott is a leading fully-integrated provider of technology and infrastructure to the global energy industry with more than 100 years of offshore and onshore experience in engineering, fabrication and construction capabilities that extend across the upstream and downstream energy value chain.
Work will begin January 2022 and is expected to be completed in nine months.
“All three of our organizations are dedicated to applying their strategic talents, their industry expertise and American ingenuity in advancement of the energy evolution,” Davis said. “We’re excited to be working with companies headed by leadership who understand and support G2’s vision.”
Recommended Reading
Matador Hoards Dry Powder for Potential M&A, Adds Delaware Acreage
2024-04-24 - Delaware-focused E&P Matador Resources is growing oil production, expanding midstream capacity, keeping debt low and hunting for M&A opportunities.
TotalEnergies, Vanguard Renewables Form RNG JV in US
2024-04-24 - Total Energies and Vanguard Renewable’s equally owned joint venture initially aims to advance 10 RNG projects into construction during the next 12 months.
Ithaca Energy to Buy Eni's UK Assets in $938MM North Sea Deal
2024-04-23 - Eni, one of Italy's biggest energy companies, will transfer its U.K. business in exchange for 38.5% of Ithaca's share capital, while the existing Ithaca Energy shareholders will own the remaining 61.5% of the combined group.
EIG’s MidOcean Closes Purchase of 20% Stake in Peru LNG
2024-04-23 - MidOcean Energy’s deal for SK Earthon’s Peru LNG follows a March deal to purchase Tokyo Gas’ LNG interests in Australia.
Marketed: Stone Hill Minerals Holdings 95 Well Package in Colorado
2024-02-28 - Stone Hill Minerals Holdings has retained EnergyNet for the sale of a D-J Basin 95 well package in Weld County, Colorado.