Honeywell, a leading technology company, and SAMSUNG E&A, a global energy solutions provider, have announced a strategic partnership to jointly market carbon capture solutions for the power plant industry. This collaboration aims to reduce carbon emissions and contribute to the fight against climate change, aligning with Honeywell’s commitment to the energy transition.
SAMSUNG E&A will leverage Honeywell’s advanced solvent carbon capture (ASCC) technology, a proven solution for reducing emissions from power plants. By combining their expertise, the companies will offer customers access to a comprehensive carbon capture solution that helps meet environmental goals and sustainability targets.
“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.”
Carbon capture, utilization, and storage (CCUS) technologies play a critical role in mitigating climate change by reducing carbon dioxide emissions. They are particularly important during the transition from fossil fuels to renewable energy sources. Honeywell has a long history of developing and deploying CCUS technologies, with a projected cumulative impact of mitigating 320 million metric tons of CO2e between 2023 and 2030.
“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.”
This partnership represents a significant step towards a cleaner and more sustainable future for the power generation sector. By combining their strengths, Honeywell and SAMSUNG E&A are positioned to play a vital role in the global effort to address climate change and transition to a low-carbon economy.
