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McDermott Awarded Pre-FEED for NET Power UK Project

Gasoil News - Published on Wed, 24 Jun 2020

Image Source: NET Power UK Project
McDermott International, Inc. today announced it has been awarded a sizeable Pre Front End Engineering Design contract from 8 Rivers Capital for their NET Power UK project with the UK Department for Business, Energy and Industrial Strategy. The project will generate a UK-specific NET Power design, which 8 Rivers is seeking to then deploy at multiple locations, including at a Teesside site in the United Kingdom located 10 miles East of Middlesbrough.

NET Power is a collaboration between McDermott, 8 Rivers Capital, Exelon Generation and Oxy Low Carbon Ventures. Its goal is to design a new way to generate power from hydrocarbons without releasing CO2 into the atmosphere, paving the path to decarbonized economic growth.

McDermott and 8 Rivers have a longstanding relationship and have worked together on a number of prospective projects, including a NET Power test plant facility in 2016. Their mutual and aligned sustainability focus has led to a successful track record of project delivery.

The engineering and design work will be executed from McDermott's offices in London, UK and supported by the Charlotte, North Carolina office. Work on the contract will begin immediately and the contract award will be reflected in McDermott's second quarter 2020 backlog.

McDermott defines a sizeable contract as between USD 1 to 50 million.

Source :

Posted By : Yogender Pancholi on Wed, 24 Jun 2020
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