#United States #Phillips 66 #Platteville #Kanin Energy #Waste Heat Power

Kanin Energy Develops 7 MW Waste Heat to Power Project at Colorado Gas Plant

Kanin Energy has announced an exciting initiative to construct a 7-megawatt waste heat to power (WHP) facility at the Phillips 66 Mewbourn natural gas processing complex, located in Platteville, Colorado. This innovative project aims to harness industrial waste heat and convert it into reliable onsite energy, thus promoting operational resilience and reducing environmental impact.

The proposed waste heat to power system captures excess heat generated from gas compression turbines, transforming it into usable energy for the Phillips 66 facility. By doing so, this initiative is expected to not only decrease long-term electricity costs but also to significantly lower greenhouse gas emissions associated with the plant's operations. Construction for this project is slated to commence later in the year.

In a groundbreaking partnership, Kanin Energy will manage the full scope of the WHP facility—developing, owning, and operating the plant. This arrangement provides Phillips 66 with a complete solution that allows them to capitalize on their waste heat resources without needing to invest upfront capital.

CEO of Kanin Energy, Janice Tran, expressed her enthusiasm about the collaboration: "We are excited to be working on this project with Phillips 66, a company that demonstrates a genuine commitment to innovation and continuous improvement at their operations. Helping industry unlock new value from their existing operations and save on energy costs is core to Kanin Energy's mission. This project with Phillips 66 is a strong example of the kind of collaboration that makes this vision a reality."

Michelle Hilger, Vice President of Technical Services and Innovation at Phillips 66, highlighted the significance of this venture, stating, "This waste heat to power project at our Mewbourn plant is another example of how we are investing in innovative technologies that support safe, reliable operations and strengthen the long-term resilience of our system. It reflects our team's focus on continuous improvement and innovation as we look for new ways to enhance performance and reduce our environmental footprint."

The collaboration between Kanin Energy and Phillips 66 illustrates a growing trend in the energy sector—leveraging existing resources for sustainable and efficient energy production. Kanin Energy positions itself as a versatile player in the energy market, specializing in the development, ownership, and operation of industrial energy assets like waste heat to power and combined heat and power systems. Their expertise extends to designing, building, and operating power generation and thermal systems, which is crucial for modern industrial operations looking to enhance energy efficiency while minimizing their carbon footprint.

On the other hand, Phillips 66 is a key player in the global energy landscape, known for its integrated downstream operations that include refining, petrochemicals, and renewable fuels. With a commitment to innovation and sustainability, the company is actively pursuing strategies that align with a lower-carbon future, ensuring they continue to meet global energy demands responsibly.

In summary, the development of this WHP facility represents a significant step forward in energy innovation, signaling a shift towards more sustainable practices in the industrial sector. Both Kanin Energy and Phillips 66 are paving the way for a future where waste heat is transformed into valuable power, demonstrating that industrial processes can adapt to meet both economic and environmental goals effectively.