Editor's note: Dive headfirst into the new week with three quick things to catch up on in Houston's energy transition.
Events not to miss
Put these Houston-area energy-related events on your calendar.
- Pitch your cleantech solution to members of both the Antwerp and Houston ecosystem at the Antwerp-Houston Innovation Mission: Cleantech Pitching Event on Tuesday, December 3, from 2 to 5 p.m. at the Ion.
- On December 4-5, Reuters is hosting its Energy Transition North America 2024, for key decision makers in the industry wanting to learn how to build collaborative pathways to modernize infrastructure, futureproof assets, and more.
- The Greater Houston Partnership is putting on its Upskill Works: Energy & Energy Transition in its workforce-focused series on Wednesday, December 4. It's open to both members and non-members.
- On December 9, a uniquely Houston event — Pumps & Pipes — will pull together experts across Houston's core industries, including energy, health care, and aerospace, for a one-day symposium.
- Energy Tech Nexus and its partners are putting on its Jingle Mingle and the Houston Tech & Energytech Extravaganza on Dec. 11. Tickets are available online.
Big deal: Houston energy transition SPAC goes public
Houston-based CO2 Energy Transition Corp., a SPAC focused on carbon capture, utilization, and storage (CCUS), raised $69 million in its IPO to target mid-sized CCUS companies. Photo via Getty Images
Houston-based CO2 Energy Transition Corp. — a “blank check” company initially targeting the carbon capture, utilization, and storage (CCUS) sector — closed November 22 on its IPO, selling 6 million units at $10 apiece.
“Blank check” companies are formally known as special purpose acquisition companies (SPACs). A SPAC aims to complete a merger, acquisition, share exchange, share purchase, reorganization or similar business combination in certain business sectors. CO2 Energy Transition will target companies valued at $150 million to $250 million. Read more.
Houston group secures contract for major clean ammonia project in Louisiana
Houston global engineering firm McDermott will design a Louisiana project to produce millions of tons of clean ammonia. Image via cleanhydrogenworks.com
Houston-headquartered McDermott has received a new contract on a Louisiana clean ammonia project.
Clean energy development company Clean Hydrogen Works tapped McDermott for the front-end engineering and design contract for the Ascension Clean Energy Project. ACE — located in Ascension Parish, Louisiana — is jointly developed by CHW with strategic shareholders ExxonMobil, Mitsui O.S.K. Lines, and Hafnia and is expected to initially produce 2.4 million metric tons per annum of clean ammonia and expand to total 7.2 million metric tons per annum production down the road.
"This collaboration further strengthens key competitive advantages of our project, including being a mega module capable site with ready infrastructure access to gas, shipping and CCS, an unmatched shareholder base with expertise in CCS and maritime transport, and an experienced team with demonstrated success in executing mega module projects,” Johnny Cook, CHW senior vice president of engineering, procurement, and construction, says. Read more.