ABB and Pace CCS have joined forces to deliver solutions that reduce costs for industrial customers integrating carbon capture and storage (CCS) in new and existing operations
Customers will be able to leverage digital twins to test proof-of-concepts, explore scenarios, and plan operational models based on integrated CCS infrastructure
Reducing investment costs and reducing operational risk is critical to achieving scale in the commercial CCS market
D20-EME-10BASE-T ABB and Pace CCS, a global leader in engineering solutions for carbon capture, transport and storage, have signed an agreement to work together to make it easier to capture, transport and store carbon dioxide emissions.
The two companies will use their respective expertise to help industrial companies reduce capital investment and operating expenses for deploying CCS infrastructure.
An example of a CCS hub cluster project. Reuse of infrastructure is a key consideration, and investment is phased in as the cluster grows.
CCS refers to the capture of carbon dioxide (CO2) produced during industrial D20-EME-10BASE-T processes and the transport of these emissions from the production site to underground storage via ships or pipelines. According to McKinsey & Company’s analysis [1], for countries to meet their “net zero emissions” commitments, the amount of carbon dioxide absorbed by industry would need to increase 120-fold by 2050. If successful, CCS alone could reduce carbon emissions generated by the industrial sector by 45%.
Matt Healey, CEO of Pace CCS, said: “To date, it is widely acknowledged that one of the biggest challenges to adopting CCS is the lack of operational practices across the value chain. “The combined expertise of ABB and Pace CCS can change this, and while companies see the value of CCS, they are still reluctant to invest without operational practice at every stage of the process.”
D20-EME-10BASE-T The partnership between ABB and Pace CCS will address this issue through the use of digital twin technology. Digital twin technology enables the creation of virtual copies of real physical processes or facilities. The technique simulates the design phase and tests scenarios to provide proof of concept, thus ensuring that the design is fit for purpose. The digital twin will show customers how they can make a smooth transition to CCS operations. The solution will map a variety of scenarios, including subsurface modeling, and will incorporate ABB Ability™ OPTIMAX® energy management systems to predict and manage energy consumption.
Brandon Spencer, president of ABB’s Energy industry, said: “Carbon D20-EME-10BASE-T capture and storage is a key component of the accelerating global decarbonisation agenda. While we have added new renewable energy sources, we still need to run traditional energy infrastructure. Our goal is to make these conventional energy facilities operate sustainably and significantly reduce emissions. This can be done by capturing CO2 emissions from the atmosphere and putting them underground for storage.”
ABB is committed to improving industrial energy efficiency and helping customers reduce carbon emissions by at least 100 megatons per year by 2030.