SK E&S, Honeywell UOP team up to capture carbon from LNG power plants

South Korea’s SK E&S is joining forces with US tech firm Honeywell UOP to capture carbon from LNG-fueled power plants.

In that regard, the two firms recently signed a joint development agreement to build a carbon capture demonstration plant, according to a statement by the unit of South Korean conglomerate SK Group.

This is the first case in which the private sector will build its own dedicated facility to demonstrate carbon capture from natural gas power generation, SK E&S said.

Under the agreement, the two companies plan to launch a front-end engineering design (FEED) to build a carbon capture demonstration plant and discuss ways to commercialize the jointly developed carbon capture technology, it said.

SK E&S said it will provide one of its power plant sites for the demonstration facility, secure government permissions, and work on engineering, procurement, and construction, while Honeywell UOP will provide its advanced solvent carbon capture (ASCC) technology.

According to SK E&S, the ASCC technology is expected to significantly reduce carbon from the global power plant sector in the future.

The technology captures more than 95 percent of CO2 in exhausts from fossil fuels, it said.

The move is a part of the company’s plans to slash emissions at its power plants, while SK E&S also works to produce low-carbon LNG and develop CCS projects in Australia.

In 2021, SK E&S revealed ambitious plans for its LNG and hydrogen business by 2025.

The company aims to produce 280,000 tons of hydrogen, 7GW of renewables, and 10 million tons of low-carbon LNG by 2025.

It aims to grow into a major global LNG provider that would supply 6 million tons and 10 million tons of LNG by 2023 and 2025, respectively.

- Advertisements -

Most Popular

Perenco takes stake in Golar LNG

London-based oil and gas firm Perenco has purchased a stake in floating LNG player Golar LNG. According to a SEC...

Singapore LNG bunkering volumes hit new record

Singapore’s liquefied natural gas (LNG) bunkering sales reached a new record in May, according to Singapore’s Maritime and Port...

Singapore’s Temasek says to sell Pavilion to Shell

Singapore's investment firm Temasek said it had agreed to sell 100 percent of its shares in Pavilion Energy to...

More News Like This

EIG’s MidOcean wraps up stake purchase in Peru LNG

MidOcean Energy, the LNG unit of US-based energy investor EIG, has completed its previously announced purchase of a 20...

EIG’s MidOcean buys Peru LNG stake from SK

MidOcean Energy, the LNG unit of US-based energy investor EIG, has purchased a stake in LNG terminal operator Peru...

Australia’s Santos expands CCS acreage

Australian LNG player Santos and joint venture partner Beach Energy have secured additional carbon storage acreage after they won...

Gulfstream LNG picks technical partners for its Louisiana export project

Houston-based Gulfstream LNG has selected Baker Hughes, Honeywell UOP, and Kiewit as the company's technical partners for the development...