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Aspen Technology, a global leader in industrial software, has partnered with Saudi Aramco to introduce a practical and cost-effective solution for carbon capture and utilization (CCU).
The new solution is based on technology developed by Saudi Aramco in cooperation with the Korea Advanced Institute of Science and Technology (KAIST). Aramco, through its subsidiary Saudi Aramco Technology Company (SATC), has licensed the technology to AspenTech as part of its broader capabilities to optimize carbon reductions.
It will aim to identify the most promising carbon capture and utilization pathways by simultaneously considering economics, process design and operational constraints, and CO2 emission reductions. The goal of this innovation is to enable businesses to make evidence-based decisions to support the adoption of carbon management strategies that optimize and accelerate sustainable operations.
optimization
Dr. Aqil Jamal, chief technical expert on carbon management at Saudi Aramco R&D Center, said: “The advanced and reliable optimization algorithm developed by Saudi Aramco provides users with a visual superstructure interface, which can intuitively develop case options and cost curves.”
Dr. Bashir Dabbousi, Aramco Director of Technology Strategy and Planning, added: “Aramco and AspenTech will combine their respective strengths, bringing together integrated modeling and optimization to help make informed decisions on carbon strategy and ultimately sustainable development. Target.”
Dr. Vikas Dhole, General Manager, Sustainability, Aspen Technology, said: “Our agreement with Saudi Aramco demonstrates the importance of technology innovators working together to address the biggest challenges in securing a sustainable future. The AspenTech solution builds on this partnership between AspenTech and Saudi Aramco.” This partnership is designed to help companies quickly assess potential opportunities and new innovative solutions to reduce their carbon footprint while ensuring profitability.”
Target
The goal of the solution is to enable companies to:
• Optimize CCU configuration to determine the best balance between emissions and profitability targets
• Assess the impact of uncertainty on energy costs, carbon charges, and raw material and product costs
•Development of short-, medium- and long-term production and strategic plans, including consideration of optimal CCU options, to simultaneously achieve profitability and sustainability goals. — trade arab news agency
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