Emissions

CO2 capture initiative from Honeywell, Samsung E&A targets power plant emissions

Together, the companies will jointly market Honeywell’s solvent carbon capture (ASCC) technology.
CO2 capture initiative from Honeywell, Samsung E&A targets power plant emissions
(Credit: Honeywell)

Honeywell announced a collaborative endeavor with SAMSUNG E&A to jointly market solutions aimed at lowering emissions in the power plant sector globally.

SAMSUNG E&A will leverage Honeywell’s carbon capture technologies with the goal of helping power plants reduce carbon emissions and meet environmental goals. Together, the companies will offer customers a carbon capture solution by jointly marketing Honeywell’s solvent carbon capture (ASCC) technology.

“As two carbon capture leaders, our collaboration highlights the importance of cooperative approaches in reducing greenhouse gas emissions,” said Hong Namkoong, president and CEO of SAMSUNG E&A. “Deploying Honeywell’s carbon capture technologies allows SAMSUNG E&A to offer viable, more sustainable solutions for global clients during this energy transition.”

Honeywell’s CCUS technologies have been developed and deployed in numerous applications globally. Between 2023 and 2030, Honeywell estimates that the company’s CCUS technologies will have a cumulative impact of mitigating 320 million metric tons of CO2e.

“Honeywell has long been a global leader in carbon capture technologies and our collaboration with SAMSUNG E&A only further highlights our commitment to reducing emissions and tackling climate challenges,” said Ken West, president and CEO of Honeywell Energy and Sustainability Solutions. “With decades of experience and a broad portfolio of carbon capture solutions, we are ready to help businesses meet growing carbon mitigation expectations and increasingly stringent environment goals by abating emissions from existing sources.”

Proponents of carbon capture, utilization, and storage (CCUS) argue the method can reduce carbon dioxide (CO2) emissions, acting as a stopgap during the expected transition from fossil fuels to lower-carbon energy sources.

Earlier this year, the U.S. Environmental Protection Agency (EPA) announced final rules to crack down on emissions from coal-fired and new natural gas-fired power plants. Notably, the final rule heavily relies on on carbon capture and sequestration/storage (CCS) as the best system of emission reduction (BSER) for the longest-running existing coal-fired units and most heavily utilized new gas turbines.

The power industry has been fractured over EPA’s emissions-slashing proposal since the initial version was released last May. Opposition to the rule has mainly come with concerns that its implementation would jeopardize grid reliability and that the emission reduction technologies proposed by EPA aren’t ready for prime time.