HONEYWELL AND SAMSUNG E&A PLAN COLLABORATION TO HELP REDUCE POWER PLANT EMISSIONS

Honeywell announced a collaborative endeavour with SAMSUNG E&A to jointly market solutions aimed at the hard-to-abate power plant sector globally. The initiative seeks to reduce carbon emissions and contribute to the fight against climate change. It also supports Honeywell's alignment of its portfolio to three powerful megatrends, including the energy transition.

SAMSUNG E&A, a total solutions provider for the global energy industry, will leverage Honeywell's industry-leading carbon capture technologies to help power plants reduce carbon emissions and meet environmental goals. Together, the companies will offer customers access to a carbon capture solution by jointly marketing Honeywell's advanced solvent carbon capture (ASCC) technology.

Carbon capture, utilization, and storage (CCUS) can significantly reduce carbon dioxide (CO2) emissions, acting as a crucial stopgap during the expected transition from fossil fuels to lower-carbon energy sources. These technologies help to mitigate the environmental impact of various industries responsible for greenhouse gas emissions.

Honeywell's CCUS technologies have been developed and deployed in numerous applications globally. Between 2023 and 2030, Honeywell estimates that the company's CCUS technologies will have a cumulative impact of mitigating 320 million metric tons of CO2e.

More information on Honeywell's CCUS technologies