HOUSTON, TX — ENGlobal Corporation (NASDAQ:ENG), a leading provider of engineered modular solutions, today issued a progress report on the company’s contract signed last November to engineer and fabricate a complete hydrogen production facility.
This modular process plant will consume approximately 20 percent less feed and fuel gas than conventional hydrogen plants, permitting substantially lower operating costs and a far smaller carbon index.
The engineering and detailed design phase of the hydrogen facility, which will consist of 24 modules and additional supporting structure and pipe supplied by ENGlobal, is expected to be completed by November 2020. The project is currently entering the module fabrication phase, during which all process modules are scheduled to be tested and shipped. This phase is expected to be completed by May 2021.
According to ENGlobal CEO William A. Coskey, P.E., ‘Our team is proud to report that this important project is currently on schedule and within our estimated cost budget to complete the work. Indicative of our customer’s satisfaction with ENGlobal’s performance is that we have been awarded the additional scope of work, increasing the total value on this project to approximately $25 million – a 15 percent increase over the original award.’
‘We sincerely appreciate the excellent working relationships we have had with our valued customer and also the collaboration with our process technology provider for this groundbreaking green energy project – the first hydrogen plant of its type in the U.S.,’ said Bruce Williams, Senior VP. ‘We look forward to continually expanding our expertise and remaining an innovative leader in the emerging hydrogen economy.’
The company will release further details on the status of developing opportunities in this area as events warrant, said Mr. Williams.
ENGlobal (ENG) is a provider of engineering and automation services primarily to the energy sector throughout the United States and internationally. ENGlobal operates through two business segments: Automation and Engineering. ENGlobal’s Automation segment provides services related to the design, fabrication, and implementation of distributed control, instrumentation and process analytical systems. The Engineering segment provides consulting services for the development, management and execution of projects requiring professional engineering, construction management, and related support services. Within ENGlobal’s Automation segment, ENGlobal Government Services, Inc. provides engineering, design, installation, operations, and maintenance of various government, public sector, and international facilities, specializing in turnkey automation and instrumentation systems for the U.S. Defense industry worldwide. Further information about the Company and its businesses is available at www.ENGlobal.com.