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Aramco partners with US software company for carbon capture tech

The solution aims to help companies determine the optimum balance between emissions and profitability

by Staff Writer
aramco

Saudi Aramco has partnered with US-based Aspen Technology to introduce practical and economic solutions for carbon capture and utilisation (CCU).

The new solution is based on a 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. 

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The objectives of the solution will be to allow companies to optimise CCU configurations to determine the optimum balance between emissions and profitability objectives. It will also evaluate the impact of uncertainty in energy costs, carbon fees, and raw material and product costs.

Additionally, the technology will develop short, intermediate, and long-range production and strategic plans that include consideration for optimum CCU options to simultaneously address profitability and sustainability objectives.