Addressing Challenges in Carbon Capture, Utilization, and Storage
AspenTech for Refining offers cutting-edge digital solutions to address challenges in Carbon Capture, Utilization, and Storage (CCUS) effectively. By leveraging leading digital solutions for process simulation, risk analysis, and subsurface modeling, AspenTech enables the scaling and commercialization of CO2 capture technologies. With a focus on improving economics and reducing risks, these solutions optimize the entire value chain of carbon capture. By integrating robust analytics and simulation tools, AspenTech helps reduce CAPEX by 5-20% and OPEX by 15-30%, while also shortening project timelines by 20%. These solutions facilitate the selection of optimal storage locations and enhance injection strategies to demonstrate permanent geological storage, ensuring long-term sustainability.
Accelerating Innovation for CCUS
AspenTech's digital solutions play a crucial role in accelerating innovation for Carbon Capture, Utilization, and Storage. These solutions enable organizations to improve economics, scale up faster, and identify cost-saving options throughout the project lifecycle. By providing actionable insights and data-driven decision-making tools, AspenTech helps organizations justify investments and ensure confidence in low-risk, long-term storage solutions. The seamless integration of these digital tools empowers businesses to navigate the complexities of CCUS with efficiency and effectiveness, paving the way for a sustainable future.
Impactful Business Processes with AspenTech Solutions
Through AspenTech for Refining's Carbon Capture Design solutions, organizations can maximize project economics and performance in large-scale carbon capture initiatives. The use of Aspen Plus® and Aspen HYSYS® facilitates rigorous technical and economic analysis, enabling stakeholders to collaborate effectively and gain early project visibility. Concurrent engineering solutions streamline collaboration between licensors, EPCs, and owners, enhancing project efficiency across multiple dimensions. By optimizing carbon capture operations, transportation, and compression, AspenTech ensures safety, reliability, and efficiency throughout the project lifecycle. Advanced Process Control and digital twin technology enhance process stability, reduce energy consumption, and monitor CO2 transport pipelines effectively.
Driving Innovation in Carbon Storage and Utilization
AspenTech's solutions extend to carbon storage and utilization, offering advanced tools to select geological storage locations, support permit applications, and optimize injection strategies. Through subsurface analytical modeling and simulation, organizations can characterize and screen storage sites, streamline development planning, and accurately track CO2 migration in the subsurface. The integration of process simulation software enables the acceleration of technology development and process optimization, facilitating the commercialization and scaling of innovative carbon utilization technologies. AspenTech's focus on driving innovation in carbon storage and utilization underscores its commitment to sustainability and environmental stewardship.