Accelerate Innovation for Carbon Capture, Utilization and Storage (CCUS)
AspenTech's Pharma Suite offers cutting-edge digital solutions to accelerate innovation in Carbon Capture, Utilization, and Storage (CCUS). This suite is designed to improve economics, reduce risks, and expedite the scaling and commercialization of CO2 capture technologies. By leveraging process simulation, risk analysis, and subsurface modeling tools, AspenTech enables organizations to address challenges in driving low-risk CCUS solutions at scale. This results in a 5-20% reduction in CAPEX, a 15-30% decrease in OPEX, and a 20% project time reduction. Additionally, these solutions support permit applications, decrease permitting time by 50%, aid in selecting storage locations, demonstrate permanent geological storage, and scale up CO2 to chemicals utilization technologies.
Impact Key Business Processes to Accelerate Innovation for CCUS
The AspenTech Pharma Suite focuses on key business processes crucial for accelerating innovation in CCUS. It covers Carbon Capture Design, Carbon Capture Operations, Carbon Storage, and Carbon Utilization. With tools like Aspen Plus® and Aspen HYSYS®, the suite helps maximize project economics and performance for large-scale carbon capture. Concurrent engineering solutions enhance collaboration between licensors, EPCs, and owners, providing early project visibility. Additionally, advanced process control ensures process stability and reduces energy use, while engineering models optimize carbon capture, transportation, and compression.
Carbon Storage and Utilization Advancements
AspenTech's solutions extend to carbon storage and utilization with a focus on selecting geological storage locations, supporting permit applications, and optimizing injection strategies. The suite provides advanced subsurface analytical, modeling, and simulation tools to characterize storage sites and track CO2 migration accurately. Furthermore, it accelerates the development of new technologies, driving commercialization with strong conceptual design capabilities and techno-economic evaluations. AspenTech's Pharma Suite empowers organizations to innovate, optimize, and scale carbon capture, utilization, and storage initiatives effectively.