This grand plan, likely to come into production by 2027, is a positive transformation from fossil-based to clean sustainable sources of energy. With a production capacity of over 160,000 barrels, or approximately 6 MBPD, Elemental Fuels refinery will transform the current refinery industry by encompassing efficiency and sustainability. To make this grand plan a reality, Elemental Fuels has awarded the contract to McDermott International responsible for the front-end engineering design endeavor of the complex, offsites, and utilities. This broader industry trend is also apparent in the Elemental Fuels refinery, its core production is related to hydrogen. In the future, the Elemental Fuels project could be an example of how other refineries want to proceed with a more environmentally friendly approach and biodiversity-friendly.

Source: Forbes June 19, 2024 15:16 UTC