Honeywell partners with University of Texas at Austin to develop innovative carbon capture and storage technology

December 27, 2021 - Honeywell announced a technology licensing agreement with the University of Texas at Austin to capture carbon dioxide emissions from power plants and heavy industry at a lower cost
.

Honeywell will use the University of Texas at Austin's proprietary advanced solvent technology to develop innovative solutions for power, steel, cement and other industries to reduce carbon emissions from combustion flue gas in new or existing plant equipment
.
The solution will effectively help relevant industries meet regulatory requirements and achieve sustainable development goals
.

This technology licensing agreement with the University of Texas at Austin expands Honeywell's portfolio of leading carbon capture technologies
.
Currently, 15 million tons of CO2 are captured and stored or utilized annually through Honeywell's CO2 Solutions process technology
.
With implemented projects around the world, Honeywell's current carbon capture capacity can reach 40 million tons per year
.

The University of Texas at Austin's patented carbon capture solution utilizes advanced solvent technology, with the advantages of small equipment scale, high efficiency and low cost, enabling the project to be economically viable within the current CO2 policy framework in North America and Europe
.
For a typical coal-fired power plant (with an installed capacity of 650 MW), the application of this advanced solvent technology could capture approximately 3.
4 million tons of CO2 per year, equivalent to reducing the annual emissions of nearly 735,000 vehicles
.

This point-source CO2 removal technology can be used both for retrofitting existing plant equipment and for integration into new-build projects
.
In this process, carbon dioxide is first absorbed by an amine solvent, and then sent to a stripping tower to separate carbon dioxide and solvent
.
The separated carbon dioxide is compressed and geologically stored, or used for other purposes
.
This technology could create huge emission reduction opportunities for thousands of power plants and factories around the world
.

"As the world is actively seeking technological solutions to curb greenhouse gas emissions, we believe that carbon capture technology is an important part of current emission reduction for carbon-intensive industries that are difficult to replace, such as steel plants and thermal power plants.
“Through our partnership with the University of Texas at Austin, our advanced solvent carbon capture system will enable lower cost post-combustion carbon dioxide capture,” said Ben Owens, vice president and general manager of
Honeywell Sustainable Technology Solutions.
set
.
"

The University of Texas at Austin is one of the leaders in the field of carbon capture technology research and has been deeply involved in this field for more than 20 years through its Texas Carbon Management Project (TxCMP)
.
The project leader, Gary Rochelle, a professor in the McKetta Department of Chemical Engineering at the University of Texas at Austin, and his team have established an efficient second-generation amine solution absorption system after years of research and analysis
.
The performance optimization brought about by this solution can bring the economic viability of carbon capture projects to industries where it is difficult to reduce carbon intensity, such as steel plants, cement plants, chemical plants, and power plants using coal, natural gas and bioenergy
.

"We are excited that this carbon capture technology is the result of our decades of research and can significantly reduce carbon emissions,
" said Gary Rochelle, director of the Texas Carbon Management Program.
"The licensing agreement with Honeywell will enable We advance the commercialization of this technology and make an important contribution to achieving zero emissions, addressing the challenges of global warming and reducing pollutants in surrounding communities
.
"

Data from the International Energy Agency shows that in 2020, 40 million tonnes of carbon dioxide will be captured and stored/utilized globally through carbon capture, utilization and storage (CCUS) projects
.
In order to meet the Sustainable Development Scenario (SDS) used by the International Energy Agency to map the global climate energy goals on track, the capacity of CCUS projects needs to be increased by more than 20 times to achieve 840 million tons per year by 2030.
Carbon dioxide capture capacity to meet the Sustainable Development Scenario target of limiting global temperature rise to 1.
65°C
.

This innovative carbon capture technology is in keeping with Honeywell's longstanding tradition of innovation to help customers achieve their environmental and social goals
.
Currently, about 50% of Honeywell's new product development is based on improving customers' environmental performance and social benefits
.
At the same time, Honeywell has committed to achieving carbon neutrality goals for all of its business operations and facilities by 2035
.
The company has repeatedly set aggressive sustainable development goals and exceeded them, significantly reducing its own greenhouse gas emission intensity
.

Honeywell's carbon neutrality commitment and low carbon technologies are in line with China's "carbon peak" and "carbon neutrality" goals
.
Honeywell has unique technological advantages, and through continuous development of products and technologies that meet the energy and environmental needs of Chinese customers, we will work with Chinese partners to shape the future of sustainable development
.

In August 2021, the Low-Carbon Center of Honeywell (China) Co.
, Ltd.
Sustainability Research Institute was officially established
.
The center is powered by Honeywell's innovative products and technologies, focusing on new energy, renewable resources and material recycling, technologies to improve hydrocarbon conversion efficiency and reduce energy consumption, carbon capture and storage, and non-CO2 greenhouse gas reduction.
It focuses on the research of low-carbon technology development and market demand, promotes the development and implementation of low-carbon solutions in the Chinese market, and helps customers achieve sustainable development
.