HOUSTON, March 7, 2018 /PRNewswire/ -- NextDecade
Corporation (NextDecade) (NASDAQ: NEXT) has chosen ABB Ltd. (ABB)
(SIX Swiss Ex: ABBN) to provide an integrated automation and
electrical solution for its Rio Grande LNG project in South Texas. The automation of plant control
systems will optimize plant performance and efficiency,
representing a logical extension of NextDecade's low cost, lower
risk development strategy in combination with Rio Grande LNG's
optimal South Texas location.
"This agreement enables NextDecade to drive higher capital
efficiencies through a unique, integrated approach among ABB,
CB&I – NextDecade's EPC contractor – and the NextDecade team
via automation and electrical systems," said Matt Schatzman, NextDecade President & CEO.
"NextDecade expects ABB's solutions to reduce the schedule,
equipment footprint, and cost of our Rio Grande LNG facility, while
providing greater operational flexibility."
"Partnering with ABB not only provides a fully integrated
automation and electrical solution, but also ABB Ability™, our
integrated digital solutions offering. ABB Ability™ gives customers
access to best-practice benchmarking, and transparency into
operations, to improve operational performance, efficiency and
productivity," said Greg Scheu, ABB
President Americas Region. "Our deep domain expertise, coupled with
our history of innovation and collaboration with industry, will
deliver a step change in operating efficiencies and improved
throughput for NextDecade. Together, ABB, CB&I and NextDecade
are helping to transform the growing LNG market in the U.S."
ABB's major projects execution center in Houston leads the industry in combined
automation and electrical projects designed to deliver higher value
for its customers globally. This world-class project delivery model
will be fully deployed on NextDecade's Rio Grande LNG project.
Rio Grande LNG is a proposed 27 mtpa LNG export facility to be
located on a 984-acre site on the Brownsville Ship Channel in
South Texas and will be
constructed in phases timed to meet market demand. The
approximately 137-mile proposed Rio Bravo Pipeline will supply the
facility with its feedgas, connecting it to the Agua Dulce natural gas supply area. Rio Grande
LNG is currently in the advanced stages of the U.S. Federal Energy
Regulatory Commission (FERC) review and permitting process.
About NextDecade Corporation
NextDecade is an LNG development company focused on LNG export
projects and associated pipelines in Texas. NextDecade intends to develop a
portfolio of LNG projects, including the 27 mtpa Rio Grande LNG
export facility in Brownsville,
Texas and the 4.5 Bcf/d Rio Bravo Pipeline that would
transport natural gas from the Agua
Dulce supply area in Nueces
County, Texas to Rio Grande LNG. NextDecade's common
stock is listed on the Nasdaq Capital Market under the symbol
"NEXT." NextDecade is headquartered in The Woodlands, Texas. www.next-decade.com
About ABB
ABB Ltd. (SIX Swiss Ex: ABBN) is a pioneering technology leader
in electrification products, robotics and motion, industrial
automation and power grids, serving customers in utilities,
industry and transport & infrastructure globally. Continuing a
history of innovation spanning more than 130 years, ABB today is
writing the future of industrial digitalization with two clear
value propositions: bringing electricity from any power plant to
any plug and automating industries from natural resources to
finished products. As title partner of Formula E, the fully
electric international FIA motorsport class, ABB is pushing the
boundaries of e-mobility to contribute to a sustainable future. ABB
operates in more than 100 countries with about 135,000 employees.
www.abb.com
CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING
STATEMENTS
This press release contains forward-looking statements within
the meaning of U.S. federal securities laws. The words "believe",
"expect", "intend", "plan", "potential", and similar expressions
are intended to identify forward-looking statements, and these
statements may relate to the business of NextDecade Corporation and
its affiliates. These statements involve a number of known and
unknown risks, which may cause actual results to differ materially
from expectations expressed or implied in the forward-looking
statements. These risks include uncertainties about NextDecade's
Rio Grande LNG and Rio Bravo
pipeline projects and other matters discussed in the "Risk Factors"
section of the definitive proxy statement filed by Harmony on
June 29, 2017 and other subsequent
reports filed with the Securities and Exchange Commission (the
"SEC"), all of which are incorporated herein by reference. Any
development of the projects remain contingent upon completing
required commercial agreements; acquiring all necessary permits and
approvals; securing all financing commitments and potential tax
incentives; achieving other customary conditions; and making a
final investment decision to proceed. The forward-looking
statements in this press release speak as of the date of this
release. Although NextDecade may from time to time voluntarily
update its prior forward-looking statements, it disclaims any
commitment to do so except as required by securities laws.
For further information:
ABB
Chris Shigas | + 1 919 308 1816 |
chris.shigas@us.abb.com
NextDecade
Investors | Patrick Hughes | + 1 (832) 209 8131 |
phughes@next-decade.com
Media | Ward for NextDecade | Molly LeCronier | + 1 (713) 869 0707 |
MLeCronier@wardcc.com
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SOURCE ABB