GHG Emissions - January 4, 2022
Honeywell Partners With The University Of Texas On Carbon Capture
Honeywell announced an agreement with The University of Texas at Austin that will enable the lower cost capture of carbon dioxide emissions from power plants and heavy industry.
Honeywell will leverage UT Austin's proprietary advanced solvent technology to create a new offering targeted at power, steel, cement, and other industrial plants to lower emissions generated from combustion flue gases in new or existing units.
UT Austin's patented solution utilizes an advanced solvent, which enables carbon dioxide to be captured at a lower cost through greater efficiency using smaller equipment, creating viable project economics today under current CO2 policy frameworks in North America and Europe.
"As the world proactively seeks technology solutions that limit greenhouse gas emissions, we recognize that carbon capture technology is an important lever available today to reduce emissions in carbon-intensive industries that have few alternative options, such as steel plants and fossil fuel power plants," said Ben Owens, vice president and general manager, Honeywell Sustainable Technology Solutions in a statement. "By working with UT Austin, our advanced solvent carbon capture system will enable lower cost of CO2 captured post-combustion.”
Honeywell has committed to achieving carbon neutrality in its operations and facilities by 2035.
The licensing arrangement with UT Austin expands Honeywell's carbon capture technology portfolio. Today 15 million tons per year of CO2 is being captured and used in storage/utilization applications through Honeywell's CO2 Solutions process expertise. Honeywell currently has the capacity to capture 40 million tons per year through its installed projects worldwide.
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