McDermott secures pre-FEED for NET Power UK project
07 July 2020
McDermott International, Inc. announced that it has been awarded a sizeable Pre Front End Engineering Design (preFEED) contract from 8 Rivers Capital for its 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 (17km) east of Middlesbrough.
NET Power's 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 Q2 2020 backlog.