13-12-2022
Aspen Technology and Saudi Aramco announce new carbon capture & utilisation software
Aspen Technology, Inc a global leader in industrial software, today announced a partnership with Aramco, one of the world’s leading integrated energy and chemicals companies, that positions AspenTech to introduce a unique, integrated modelling and optimisation solution that will enable capital intensive industries to achieve practical and economic solutions for Carbon Capture and Utilisation (CCU).
The new solution is based on technology developed by Aramco collaboratively with the Korea Advanced Institute of Science & Technology (KAIST). Aramco, through its subsidiary Saudi Aramco Technologies Company (SATC) has licensed the technology to AspenTech as part of its broader capabilities to optimise carbon emissions reduction. It will aim to address the identification of the most promising carbon capture and utilisation paths by simultaneously considering economics, process design and operations constraints and CO2 reduction. The goal of this innovation is to enable businesses to make evidence-based decisions in support of adopting carbon management strategies that optimise and accelerate sustainable operations.
Dr. Aqil Jamal, Carbon Management Chief Technologist at Aramco’s Research & Development Center, said, “The advanced and reliable optimisation algorithm developed by Aramco provides a visualised superstructure interface for users to intuitively develop case options and cost curves.”
Dr. Bashir Dabbousi, Director of Technology Strategy and Planning at Aramco added, “Aramco and AspenTech will combine their strengths to bring together integrated modelling and optimisation to help make informed decisions on carbon strategies and ultimately to help meet sustainability targets.”
Dr. Vikas Dhole, General Manager, Sustainability at Aspen Technology said, “Our agreement with Aramco demonstrates the importance of technology innovators working together to address the biggest challenges in ensuring a sustainable future. The AspenTech solution, based on this partnership between AspenTech and Aramco, will aim to help companies rapidly evaluate potential opportunities and new innovative solutions that mitigate carbon footprints while ensuring profitability.”
The objectives of the solution will be to allow companies to:
* Optimise CCU configurations to determine the optimum balance between emissions and profitability objectives
* Evaluate the impact of uncertainty in energy costs, carbon fees, and raw material and product costs
* Develop short, intermediate, and long-range production and strategic plans that include consideration for optimum CCU options to simultaneously address profitability and sustainability objectives
News Category:
-
Moeve supplies sustainable aviation fuel (SAF) to Norwegian
Moeve and Norwegian signed a contract to accelerate the decarbonization of air transport between Spain and the Nordic region by promoting sustainable aviation fuel (SAF). ...
06-02-2025
-
Moeve to develop 30 biomethane plants in Spain
Moeve announced today an ambitious €600 million investment plan for the construction, together with its partners, of up to 30 new biomethane plants by 2030, which the ...
06-02-2025
-
Neste and DHL Group to tighten collaboration to reduce logistics emissions
To further strengthen their collaboration on reducing emissions in logistics, DHL Group and Neste have agreed to jointly evaluate how Neste’s renewable solutions such ...
05-02-2025
-
Power2X awards Worley contract for its eFuels Rotterdam project
Power2X, a leading green molecules company, has contracted Worley, a global professional services company of energy, chemicals and resources experts, to provide engineering ...
05-02-2025
-
Sasol, Anglo American, De Beers to generate feedstock for renewable diesel production
Sasol, Anglo American and De Beers entered into a Joint Development Agreement to pilot the production of feedstock for renewable diesel. This is an important initiative ...
04-02-2025
-
Singapore Airlines Group and Aether Fuels sign SAF Memorandum of Understanding
The Singapore Airlines Group has signed a Memorandum of Understanding to potentially source neat sustainable aviation fuel from Aether Fuels, a climate technology firm ...
04-02-2025
-
NH3 Clean Energy completes pre-FEED engineering for WAH2 project
NH3 Clean Energy formerly Hexagon Energy Materials Limited is pleased to announce that it completed the Engineering component of its Preliminary - Front End Engineering ...
02-02-2025
-
NEXTCHEM selected to upgrade a urea plant in China
MAIRE announces that NEXTCHEM, through its subsidiary Stamicarbon, the nitrogen fertilizer technology licensor, has been selected to provide the Process Design Package ...
31-01-2025
-
Syensqo and Ardent announce strategic partnership to accelerate carbon capture innovation
The partnership marks a significant milestone in both companies' commitment to driving innovation in sustainable energy technologies. Syensqo and Ardent Process Technologies ...
31-01-2025
-
Avfuel powers SAF expansion with new US supply points
Avfuel Corporation, the leading independent supplier of aviation fuel and services, is taking sustainable aviation fuel to new horizons as it facilitates the fuel’s ...
31-01-2025