In June, Fluor and Carbfix announced a collaboration to pursue integrated carbon capture and storage ( CCS) solutions. With FLR stock trading at a forward price-earnings ratio of 14.4, it seems like a good accumulation opportunity. However, the energy solutions segment is involved in business that include carbon capture, renewable fuels, waste-to-energy, among others. Fluor Corporation (FLR)įluor Corporation (NYSE: FLR) is an engineering, procurement, and construction company. Additionally, the company is pursuing cost-cutting measures, and it’s likely that EBITDA margin will improve coming quarters. With the solid-oxide fuel cell system having a wide application, losses could narrow on operating leverage. However, operating level loss was $103.7 million. In the next five years, I expect carbon capture segment to increasingly contribute to total revenue and potential revenue acceleration.įor Q3 2023, Bloom Energy reported healthy revenue growth of 36.9% to $400.3 million. Specific to carbon capture technology, the company “ captures and recycles hydrogen and water from the fuel cell exhaust and then separates emitted water vapor and CO2.” Further, the CO2 can be permanently sequestered in the ground or utilized in new applications. This includes hydrogen fuel cell, heat capture, carbon capture, among others. As an overview, Bloom Energy is leveraging on its fuel cell platform for various applications. This is expected to have a positive impact in lowering Alberta’s carbon emissions.Source: Sundry Photography / Shutterstockīloom Energy (NYSE: BE) is another interesting pick among carbon capture companies. The complex also marks a first in the wider use of hydrogen in Alberta, enabling the production of liquid hydrogen to be an emissions-free fuel in the transportation sector, and to generate clean electricity. The clean energy complex will help refining and petrochemical customers served by the Air Products Heartland Hydrogen Pipeline to reduce their carbon intensity. Hydrogen-fueled electricity will offset the remaining five percent of emissions. The new facility will capture over 95 percent of the carbon dioxide (CO₂) from the feedstock natural gas and store it safely back underground. Air Products will deploy advanced hydrogen technology and innovative design to deliver net-zero emissions. The project will begin with a transformative $1.3 billion (CAD) net-zero hydrogen production and liquefaction facility expected onstream in 2024. We have the experience and technology strengths to innovate solutions that help address this urgent environmental issue of our world.Īir Products and its subsidiary Air Products Canada Ltd., in conjunction with the Government of Canada and the Province of Alberta, are planning to build a landmark new net-zero hydrogen energy complex. We see significant opportunities to capture CO₂ from gasifiers and hydrogen plants for use in sequestration, enhanced oil recovery, and utilization. Our technology in development offers lower cost of capturing CO₂ and builds on more than 70 years' experience implementing advanced separation technology. Our technology is informed by operational experience gained at many facilities that already separate, purify and transport CO₂ from natural gas reforming, management of syngas from gasification, and oxyfuel combustion in markets such as steel and glass. Our view spans all fossil fuels from natural gas to coal, using reforming, gasification, and oxyfuel combustion. With our core strengths as a leading industrial gases company and a culture of product innovation, Air Products is the global leader in creating technology solutions for capturing CO₂ from fossil fuel conversion before it reaches the atmosphere-key to Carbon Capture and Sequestration (CCS). Temperature Control for Food Mixing and Forming.
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