The United States has the largest number of active carbon capture, utilization, and storage (CCUS) projects in the world. In 2023, 68 projects were announced, and data suggests that approximately 23 projects were either operational or under construction as of October 2024.
As the norms on carbon footprint become stricter, the number of CCUS projects is expected to increase exponentially. Like any other energy-related activity, CCUS is also an asset-intensive process. In this article, let’s take a look at some of the most common CCUS technologies used and the key assets and equipment required for them.
To begin with, let us take a look at various ways of capturing carbon and the equipment required for that.
Currently, carbon is captured either at point sources (e.g. power plants, cement factories) or directly from the air (Direct Air Capture, DAC). In either case, the following assets/equipment are used:
Heat exchangers and cooling equipment: When carbon is captured from the flue gases, the flue gases need to be cooled down before they are let into the capturing apparatus. Various kinds of heat exchangers and cooling equipment are required to bring down the temperature of the flue gases to acceptable levels.
In capturing processes where a solvent or sorbent is used, heat exchangers are required to regenerate the solvents and sorbents.
Compressors and pumps: Carbon capture units need pumps to circulate the solvents used to capture the carbon. Once the carbon is captured, it is compressed in compressors and pumped to the utilization or storage facility.
Technology-specific equipment: Along with the general equipment, like heat exchangers, pumps, and compressors, a large number of assets will be used depending on the actual technology used to capture the carbon. Some of this equipment includes:
Once the carbon is captured, it is either transported for utilization or storage. Let’s take a look at the equipment used in carbon utilization.
Carbon utilization involves converting CO₂ into useful products like fuels, chemicals, or building materials, or using it in processes like Enhanced Oil Recovery (EOR). The nature of the equipment used will vary as per the final product. Here are some of the most commonly used equipment for common end products:
Carbon storage involves injecting CO₂ into geological formations such as saline aquifers or depleted oil & gas fields. Carbon storage is the most asset-intensive phase of the entire CCUS process. Some of the commonly used equipment are:
As it can be seen, carbon capture, utilization, and storage needs a large number of general as well as specialized assets. We highlight below why asset management plays a crucial role in a CCUS unit:
Hofintech has been providing data-build and asset management services to asset-intensive industries like Oil & Gas, LNG & Petrochemicals etc. Backed by technology and proven processes, our solutions have helped our clients operate safely, reliably and profitably in an increasingly uncertain environment. Partnering with Hofintech will ensure:
With increasing pressure to reduce carbon emissions, CCUS is gaining more and more attention. Key technologies used in carbon capture, utilization, and storage are asset-intensive. Effective asset management ensures safety, reduces costs, and supports the continuous operation of CCUS facilities.
At Hofintech, we empower companies to take control of their assets with our tailored solutions focused on Asset Data, Materials, and Maintenance & Integrity Management.
With our expertise and customized approach, we help maintenance-intensive businesses streamline their processes, gain confidence in their asset data, and achieve operational excellence. Our solutions are designed to seamlessly integrate with your existing workflows, eliminating the need for time-consuming adaptations and maximizing efficiency from day one.
Contact us today to learn how our custom EAM data solutions can propel your business toward efficiency and success. Hofintech is a Hofincons Group company, an industry leader with a 48-year track record in Industrial Asset Management.