Gables Energy Partners, LLC has announced Encina, a new petrochemicals company. Encina will build, own, and operate small to mid-sized petrochemical plants in key markets utilising established technologies. Encina has been formed as a separate company, with David Schwedel serving as Lead Investor and Executive Director.
“We are currently working with our team on the development of small to mid-sized petrochemical plants that are capable of capturing 100% of the CO2, as well as eliminating sulfur and substantially reducing mercury, from low value coal feedstock through the plant process,” said Schwedel. “We are excited to be deploying technology that is designed to extract value from coal while at the same time maintain our commitment to the environment.” He further stated, “Our team is gearing up to manage more than US$2 billion in opportunities over the next several years.”
Encina will rely on established technologies which have a demonstrable track record in nearly every hydrocarbon processing plant worldwide, along with the capability of deploying technologies which can enable 100% CO2 capture.
The company is initially targeting projects in North America, and has plans to expand to the UK, Germany, and Australia. The company is headquartered in Coral Gables, Florida, and has opened representative offices in San Antonio, Texas, Malta, and soon Singapore.
Adapted from press release by Francesca Brindle
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/09062016/gables-energy-partners-forms-new-petrochemical-company-encina-solutions-3493/