McDermott selected by Abraxas Power for Canada’s first commercial green hydrogen and ammonia production facility

HOUSTON , June 17, 2024 /PRNewswire/ — McDermott has signed an early contractor engagement (ECI) agreement with Abraxas Power Corporation for the Exploits Valley Renewable Energy Corporation (EVREC) project located in central Newfoundland.

The project represents Canada’s first commercial green hydrogen and ammonia production facility and will involve the construction of a wind farm consisting of up to 530 turbines, capable of generating 3.5 gigawatts (GW) of electricity and 150 megawatts (MW) of photovoltaics (PV). The installation will be able to produce 165,000. tons of hydrogen and 5,000 tons of ammonia per day.

“This agreement is a testament to McDermott’s industry-leading supply and installation expertise and the breadth of our energy transition capabilities,” said Rob Shaul, McDermott’s senior vice president for low carbon solutions. “Our century of experience from idea to execution and integrated delivery model means we can offer Abraxas a repeatable modular implementation solution that is designed to deliver cost savings, reduce risk and ensure quality.”

Under the contract, McDermott will provide engineering design (FEED), engineering, procurement and construction (EPC) execution planning and open book EPC costing services for the project’s hydrogen production, ammonia processing and product storage.

The work will be conducted by McDermott’s Houston office with support from its Gurgaon, India office.

About McDermott
McDermott is a leading, fully integrated provider of engineering and construction solutions for the energy industry. Our customers trust our technology-led approach, designed to responsibly use and transform global energy resources into the products the world needs. From concept to launch, McDermott’s innovative knowledge and capabilities are contributing to the next generation of global energy infrastructure, ensuring a brighter and more sustainable future for us all. Operating in more than 54 countries, McDermott has local and globally integrated resources that include more than 30,000 employees, a diverse fleet of specialized shipbuilding vessels and manufacturing facilities around the world. To learn more, visit www.mcdermott.com.

Forward-looking statements
McDermott cautions that the statements contained in this release that are forward-looking and provide non-historical information involve risks, unpredictability and uncertainties. These forward-looking statements include, but are not limited to: statements regarding the expected scope and implementation of the project discussed in this press release, including the expected benefits of the modular implementation solution. Although we believe that the expectations reflected in these forward-looking statements are reasonable, we cannot assure you that these expectations will prove to be correct. These statements are based on various assumptions and are subject to numerous risks, contingencies and uncertainties, including, but not limited to: adverse changes in the markets in which we operate, credit or capital markets; our inability to successfully perform outstanding contracts; changes in project design or schedules; availability of qualified personnel; changes in the terms, scope or timing of contracts, cancellations of contracts, change orders and other modifications and actions of our customers and other business partners; changes in industry standards; actions of McDermott’s lenders, other creditors, customers and other business partners and adverse outcomes in legal or other dispute resolution proceedings. If one or more of these risks materialize or if assumptions prove incorrect, actual results could differ materially from expected results. You should not place undue reliance on forward-looking statements. This announcement reflects the views of McDermott’s management as of the date hereof. Except to the extent required by applicable law, McDermott undertakes no obligation to update or revise any forward-looking statements.

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SOURCE McDermott International, Ltd