ABB and Pace CCS Partner to Drive Industrial Carbon Dioxide Capture, Transportation and Storage

Category:
Acquisition or Partnership

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 leader in engineering solutions for this market.

Together, the two companies will apply their respective expertise to make it easier for industrial companies Industrial Carbon Dioxideto implement CCS infrastructure by lowering the CAPEX and operational investment required to enter this market.

CCS involves capturing carbon dioxide (CO2) emissions from industrial processes and then transporting these from where it was produced, via ship or in a pipeline, to be stored underground. For countries to achieve their net-zero commitments, uptake by industry needs to grow 120-fold by 2050. If successful, CCS alone could be responsible for reducing carbon emissions generated by the industrial sector by 45 percent.

The ABB and Pace CCS partnership will address this through use of digital twin technology, which provides a virtual replica of a real, physical process or facility. The technology simulates the design stage and tests scenarios to deliver proof of concept to ensure the design is fit for purpose. This will demonstrate to customers how they can smoothly transition into CCS operations. The solution will map out various scenarios, including subsurface modelling, and will incorporate ABB Ability OPTIMAX energy management system to forecast and manage power consumption.

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