Offshore staff
HOUSTON and LONDON – Baker Hughes has agreed to acquire Compact Carbon Capture (3C) to advance industrial decarbonization.
In the energy and industrial sectors, carbon capture technology is among the most viable decarbonization paths for both retrofitting existing assets and greenfield projects, the company said.
3C’s technology differs from traditional carbon capture solvent-based solutions by using rotating beds instead of static columns, effectively distributing solvents in a compact and modularized format. The rotating bed technology is said to result in up to 75% smaller footprint and lower capex.
In addition, 3C’s modular and scalable configuration can be easily deployed into existing brownfield applications and can be optimized for a broad range of capacity and applications, including offshore and industrial emitters.
The agreement includes all intellectual property, personnel and commercial agreements.
Lorenzo Simonelli, chairman and CEO of Baker Hughes, said: “This agreement highlights our deliberate and disciplined approach to invest in the energy transition. We are positioning our portfolio for new energy frontiers, and we believe there will be strong growth potential of carbon capture for both industrial applications and oil and gas projects. By incubating 3C’s technology, we can develop a roadmap to provide one of the industry’s lowest cost per ton carbon capture solutions.”
11/03/2020
