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Honeywell announces an agreement with The University of Texas at Austin that it says 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. The offering provides these sectors with an additional tool to help meet regulatory requirements and sustainability goals.
The licensing arrangement with UT Austin expands Honeywell’s carbon capture technology portfolio. Today, 15 million tons per year of CO2 are being captured and used in storage/utilization applications through Honeywell’s CO2 offerings process expertise, according to the company. Honeywell says it currently has the capacity to capture 40 million tons per year through its installed projects worldwide.
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, according to Honeywell. For a typical power plant (650 MW capacity), applying advanced solvent carbon-capture technology reportedly would enable the capture of about 3.4 million tons of CO2 annually, equivalent to removing nearly 735,000 cars from the road each year.
This point source CO2 removal technology can be retrofitted within existing plants or included as part of a new installation. In this process, carbon dioxide is absorbed into an amine solvent and then sent to a stripper where CO2 is separated from the solvent. This CO2 is then compressed for geological sequestration or used for other purposes. With thousands of power and industrial plants around the world, the opportunity for significant emissions reduction is enormous, says Honeywell.
For more information, visit: www.honeywell.com
