Samsung Engineering and carbon capture and removal solutions provider Svante Technologies (Svante) have signed a memorandum of understanding (MoU) to jointly deliver commercial carbon capture, utilisation, and storage projects from the early project development stage through to engineering, procurement, and construction (EPC) across the industrial and energy sectors in Asia and the Middle East.
The companies said they will collaborate in targeting hard-to-abate heavy industries including cement, steel, hydrogen, fertilizer, and more, using Svante’s novel solid sorbent-based carbon capture filter technology. The two companies will also explore design iterations of Svante’s post-combustion carbon capture plants.
Samsung Engineering said its extensive experience in executing many projects, paired with Svante’s novel approach to carbon capture and removal, make this collaboration an innovative solution for clients in heavy industries looking to decarbonise.
An important goal for Samsung Engineering is to become a ‘’Beyond EPC – Green Solution Provider’. The company is working to transform itself from not only a conventional EPC player but also a green solutions provider, taking meaningful actions to decarbonize its own operations,” said Hong Namkoong, President & CEO of Samsung Engineering.
“The time is now for the CCUS industry value chain players to rethink how they approach projects to deliver them faster, cheaper, and more efficiently. Undertaking multiple projects in parallel while using the same EPC contractor will greatly improve project performance.”
Svante has developed a unique, environmentally responsible carbon capture and removal technology, which employs what it calls “structured adsorbent beds”, known as “filters”. The company’s filters are coated with nanoengineered solid adsorbent materials and can be used to capture CO2 from industrial emissions that come from the production of difficult-to-decarbonize, heavily relied-on commodities, including cement, steel, fertilizer, hydrogen, and more.
The company’s filter technology can also be used for direct air capture (DAC), in which CO2 that has already been emitted into the atmosphere is trapped and removed from ambient air.
The two companies say they will work together to identify, develop, and deliver commercial-scale carbon capture projects in the Asia and Middle East markets, ensuring heavy industries in these regions have more practical pathways to meet their emission reduction targets.
In addition, it is expected they will be able to provide customers with an integrated project delivery model for carbon capture plants that is effective in industrial project management and performance optimisation.