Strohm, a thermoplastic composite pipeline (TCP) technology company, has been awarded a contract by TotalEnergies. This is the largest commercial award for pipe supply in Strohm's 16-year history, marking Strohm's entry into the ultra-deepwater market, and qualification of a CO2 compatible TCP solution.
This contract award follows Strohm's successful €30 million fundraising announced on 19 June 2024 to scale-up manufacturing capabilities. Strohm's pipelines have a 50% lower CO2 footprint than conventional pipelines and are being used as part of the oil and gas sector's move to reduce the greenhouse gas footprint of traditional operations. In addition, Strohm's pipelines are being deployed for the transportation of CO2 and hydrogen in offshore environments, as part of the energy transition away from fossil fuels. The pipeline provides a corrosion resistant solution for CO2, which can otherwise cause stress corrosion cracking on alternative pipelines.
The new pipelines are due for installation in 2026 at a water depth of 2200 m, in an offshore high CO2 field located in the Santos Basin in the Brazilian pre-salt area. At 31 March 2024, HydrogenOne's investment in Strohm represented 12.4% of the company's NAV.
Thomas Leize, Project Manager at TotalEnergies, commented: "It will be the first project like this in the pre-salt and we have carefully selected this innovative technology for replacing the flexible lines in operation with a clear focus on design life, performance and carbon footprint. This technology is important because it represents a solution to a long-lasting corrosion problem, at a competitive cost, applicable for ultra deep water, in line with our commitment of reducing emissions from our operations."
Martin van Onna, Strohm CEO, added: "As the pioneer of TCP technology, we have experienced strong support from TotalEnergies since as early as 2009. Recently TotalEnergies installed a TCP Jumper at the Egina field, and now we welcome this TCP Flowline contract. I would like to sincerely thank TotalEnergies for their trust in our technology, our company, and our team, and I look forward to seeing these flowlines being installed."