ABB and Pace aim to reduce CCS costs
Engineering companies form partnership to de-risk CCS projects with digital twin technology
Swiss engineering company ABB has signed a partnership agreement with UK-based Pace CCS aimed at reducing the risk and capital cost of deploying CCS at industrial facilities. The partnership will focus on the use of digital twin technology, which provides a virtual replica of a physical process or facility, simulating the design stage and allowing for testing scenarios to deliver proof of concept, ABB says. The technology will map out various scenarios, including subsurface modelling. “To date one of the biggest challenges to the mainstream adoption of CCS has been a lack of operational practice across the full value chain, but the combined expertise of ABB and Pace can change this,” says Ma
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
Recent project approvals have yielded millions of carbon credits linked to the plugging of the US' abandoned wells