Challenges Addressed and Solutions Offered by AspenTech APC
AspenTech APC offers innovative solutions to address the challenges faced in driving low-risk Carbon Capture, Utilization, and Storage (CCUS) solutions at scale. By leveraging leading digital solutions for process simulation, risk and reliability analysis, optioneering, and subsurface analytical modeling and simulation, AspenTech APC ensures economics and safety across the carbon capture value chain. These solutions aim to reduce CAPEX by 5-20% and OPEX by 15-30%, shorten project time by 20%, support permit applications while cutting permitting time by 50%, select storage locations to reduce injection risk, and demonstrate permanent geological storage. Additionally, AspenTech APC helps to scale up CO2 to chemicals utilization technologies, providing an integrated approach to accelerate innovation in CCUS.
Sustainable Pathway with AspenTech APC
AspenTech's digital solutions support a sustainable pathway for carbon capture, utilization, and storage. By improving economics and accelerating scale-up, AspenTech APC enables organizations to identify options to reduce project lifecycle costs, make informed decisions, justify investments, and ensure confidence in low-risk, long-term storage solutions. These solutions are crucial in the race towards achieving ambitious sustainability goals by facilitating the adoption of CCUS technologies effectively and efficiently.
Impact on Key Business Processes
AspenTech APC impacts key business processes involved in accelerating innovation for CCUS, including Carbon Capture Design, Carbon Capture Operations, Carbon Storage, and Carbon Utilization. Through software solutions like Aspen Plus® and Aspen HYSYS®, AspenTech optimizes project economics and performance for large-scale carbon capture, enabling rigorous modeling of complex chemistry and thermodynamics. The concurrent engineering approach enhances collaboration between licensors, EPCs, and owners, providing early project visibility across multiple dimensions. AspenTech APC also focuses on improving carbon capture operations, transportation, and compression, ensuring safety, reliability, and efficiency in the deployment of digital twins for smooth plant startups.
Enhancing Carbon Storage and Utilization
Moreover, AspenTech APC assists in selecting geological storage locations, supporting permit applications, optimizing injection strategies, and leveraging advanced modeling and simulation tools to accurately track CO2 migration in the subsurface. By accelerating the development of new technologies and optimizing process designs, AspenTech APC drives commercialization and scaling in carbon utilization, offering strong capabilities through process simulation software and concurrent engineering that ensures both feasibility and low carbon footprint in project planning and execution.