Ccs carbon capture full#
“To date one of the biggest challenges to the mainstream adoption of CCS has been a lack of operational practice across the full value chain, but the combined expertise of ABB and Pace CCS can change this,” said Matt Healey, Chief Executive Officer of Pace CCS. If successful, CCS alone could be responsible for reducing carbon emissions generated by the industrial sector by 45 percent. For countries to achieve their net-zero commitments, uptake by industry needs to grow 120-fold by 2050, according to McKinsey & Company analysis 1. Together, the two companies will apply their respective expertise to make it easier for industrial companies to implement CCS infrastructure by lowering the CAPEX and operational investment required to enter this market.ĬCS involves capturing carbon dioxide (CO 2) emissions from industrial processes and then transporting these from where it was produced, via ship or in a pipeline, to be stored underground. Working to make the capture, transportation and storage of industrial carbon dioxide emissions more accessible, ABB has signed a partnership agreement with Pace CCS, a global leader in engineering solutions for this market. Reducing the cost of investment and derisking operations will be critical in enabling the commercial CCS market to scaleĪn example of a hub cluster project for CCS.Customers will be able to harness digital twin technology to test proof of concept, explore scenarios and map out operational models across complex CCS infrastructure.ABB and Pace CCS join forces to deliver a solution that reduces the cost of integrating carbon capture and storage (CCS) into new and existing industrial operations.
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