•ABB and Pace CCS have teamed up to provide solutions that reduce costs for industrial customers by integrating carbon capture and storage (CCS) in new and existing operations

• Customers will be able to leverage digital twinning technology to test proof-of-concept, 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

ABB has signed a partnership agreement with Pace CCS, a global leader in engineering solutions for carbon capture, transport and storage, 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 the capital and operating costs of deploying CCS infrastructure.

CCS refers to the capture of carbon dioxide (CO2) produced by industrial processes and the transport of these emissions from the production site to underground storage via ships or pipelines. According to an analysis by McKinsey, for countries to meet their “net-zero” commitment, carbon dioxide uptake 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%.