BASF and GS Engineering and Construction intend to jointly develop modular solutions for Carbon Capture

One-stop solution from specialized engineering services, carbon capture, project financing to storage and utilization

29-Sep-2022 - Korea, Republic of (South Korea)

BASF and GS Engineering and Construction (GS E&C) signed a Memorandum of Understanding (MoU) on a strategic partnership to jointly develop modular solutions for carbon capture facilities. The partners want to develop individual package solutions from standardized elements for customers from all industries in order to remove CO₂ from exhaust gases and process it so that it can be further utilized or stored.

Combining BASF’s advanced OASE^®blue CO₂ capture process technology and GS E&C’s specialized engineering capabilities, a modular carbon capture package can be delivered very quickly to customers with optimized capital expenditures (CAPEX) and operating expenses (OPEX). This will efficiently shorten the implementation steps of Carbon Capture, Utilization and Storage (CCUS) projects from conceptualization to actual operation.

BASF’s OASE blue process technology will contribute to both sustainability and cost savings for CO₂ capture from flue gas, while GS E&C will support carbon neutrality of CO₂ emitters by providing a one-stop solution from specialized engineering services, carbon capture, project financing to storage and utilization.

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Evelyn Shen, Vice President, Business Management Amines, Acetylenics & Carbonyl Derivatives Asia Pacific, Intermediates Asia Pacific, BASF, said, “CCUS is one of the key options with high technology readiness to accelerate the reduction of global CO₂ emissions. The joint efforts between BASF and GS E&C are a testament to our commitment towards this.”

Yoon Hong Huh, President, GS E&C’s new business division, said, “We hope to have a deep, bilateral relationship and growing partnership in green energy. This alliance will work as a gateway to make us to be a global leader for carbon capture solutions. Today’s agreement signals a decisive milestone towards meeting our climate action ambitions.”

“The essence of OASE technology is that it can be highly customized to meet the intended outcome of each and every application. In this case, we’re thrilled to work with a forward-looking partner with a vision to serve certain viable segments of the CCUS market,” added Lawrence Loe, Director, OASE^® Gas Treating Excellence, Intermediates Asia Pacific, BASF.

“One of the biggest challenges the renewable energy sector faces is to reduce the uncertainty related to safety, quality, cost and schedule which can seriously affect economic options for the project. GS E&C’s extensive modular experiences can provide an effective solution to mitigate the risks,” concluded John Kwangho Jung, Modular Division Lead, GS E&C.

The OASE products are one of BASF’s accelerator products, which make a substantial sustainability contribution in the value chain.

https://www.chemeurope.com/en/news/1177894/basf-and-gs-engineering-and-construction-intend-to-jointly-develop-modular-solutions-for-carbon-capture.html