Market Trends

The theme of this year’s welcome address is you must engage with AI or you will be left behind.

Lukas Biyikli of Siemens Energy discusses carbon capture, including the role of gas turbines, removing CO2 from flue gas, and boosting CO2 concentration in exhaust gas.

Texas A&M’s TPS 2024 hosts a full house of rotating equipment engineers and technicians from more than 50 countries.

The Polish Ministry of National Defense will obtain a full engine depot and engine training capabilities, ensuring supply security for platforms using T700/CT7 engines.

Federal investment allows manufacturers to produce additional residential heat pumps, residential heat pump water heaters, school heat pumps, and heat pump compressors.

To support the 2050 carbon-neutrality plan, Taiwan Fertilizer Co. (TFC) will use blue and green ammonia as fuel in Taiwan.

The composite tubing can reduce the chill-down time, hydrogen boil-off, and the dry mass of cryogenic fluid transfer lines.

The two companies are expanding their joint venture, MTU Yuchai Power, which manufactures gas engines for emergency power supply across Asia, to include oil and gas.

The geopressured geothermal system (GGS) facility will store energy for 6-to-10-hour durations with a round-trip efficiency (RTE) of 70-75% and water losses less than 2%.

The King Abdullah University of Science and Technology (KAUST) will conduct sustainability research, which includes hydrogen, carbon capture and storage, renewables, and more.

The Anchor floating production unit (FPU) is an all-electric facility with electric motors and electronic controls to reduce carbon emissions.

The Sutter Decarbonization Project utilizes carbon-capture technology with high-capture efficiency, solvent stability, low emissions, and low energy use.

During testing at the National Carbon Capture Center (NCCC), FrostCC successfully captured CO2 and co-pollutants from flue gas.

The carbon-free, solid-oxide hydrogen fuel cell produces electricity through direct electrochemical conversion, emitting less environmental pollutants than combustion technology.

NextDecade is targeting a positive final investment decision for Train 4 in late 2024, subject to further commercial support and financing to build Train 4 and related infrastructure.

The LNG deliveries are subject to a positive final investment decision (FID) for the second train at Cheniere’s Sabine Pass Liquefaction Expansion Project.

The Appalachian Regional Clean Hydrogen Hub (ARCH2) will produce hydrogen to decarbonize hard-to-abate industries, such as manufacturing and transportation.

The electrolysis system deploys proton exchange membrane (PEM) technology, which uses electricity to split water into its components: hydrogen and oxygen.

Existing platform and subsea equipment designs will drive cost efficiencies across the Kaskida hub’s construction, commissioning, and operations.

The small modular reactor (SMR) plant will help RoPower Nuclear generate carbon-free power and enhance energy security in Romania.

In addition to the dual-fuel methanol upgrade, the engines will achieve higher efficiency during diesel operation and feature control and safety systems.

Hydropower’s continued use as a renewable energy source requires complex hydro turbines and other rotating machines to electrify many regions worldwide.

Approximately $100 million will be invested in the Yazoo City Complex to build a CO2 dehydration and compression unit, complementing its ammonia production process.

The Pacific Northwest Hydrogen Association (PNWH2) will have eight nodes across Washington, Oregon, and Montana, leveraging technology and renewable energy to decarbonize the industry.

The company’s methane pyrolysis method generates clean hydrogen at point-of-use, eliminating hydrogen transportation and CO2 storage to optimize industrial decarbonization.