Honeywell and Samsung Engineering & Construction (E&A) have announced a collaboration aimed at marketing advanced solutions to reduce carbon emissions globally. This joint initiative will provide innovative carbon capture technologies to help the energy industry transition to a more sustainable future.
Samsung E&A, a leading solutions provider for the global energy sector, will leverage Honeywell’s industry-leading carbon capture technology, known as Advanced Solvent Carbon Capture (ASCC), to assist power plants in reducing their carbon footprints. Together, the companies aim to address the global challenge of decarbonisation in one of the most challenging sectors, while also supporting Honeywell’s strategic focus on the energy transition.
“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, utilisation, and storage (CCUS) technologies, like those offered by Honeywell, are critical tools in reducing CO2 emissions. These technologies play a vital role in bridging the gap as industries shift from fossil fuels to lower-carbon energy sources, helping to meet increasingly stringent environmental targets.
Ken West, President and CEO of Honeywell Energy and Sustainability Solutions, emphasised the importance of this collaboration. “Honeywell has long been a global leader in carbon capture technologies, and our collaboration with Samsung E&A further highlights our commitment to reducing emissions and tackling climate challenges. With decades of experience and a broad portfolio of carbon capture solutions, we are ready to help businesses meet growing carbon mitigation expectations.”
Honeywell’s CCUS technologies are already being utilised worldwide, with significant results. Between 2023 and 2030, Honeywell estimates that its technologies will help mitigate 320 million metric tons of CO2-equivalent (CO2e) emissions. This partnership with Samsung E&A is expected to further accelerate these efforts, offering more sustainable pathways for energy companies to meet their environmental goals.
