Honeywell International Inc. said it will collaborate with the University of Texas at Austin (UT) to commercialize a lower cost carbon capture technology for the power generation and industrial sectors.

CCUS

The project was developed by researchers at UT’s Texas Carbon Management Program (TxCMP). An advanced amine solvent “enables carbon dioxide (CO2) to be captured at a lower cost and with greater efficiency using smaller equipment,” according to Honeywell. The technology offers “viable project economics today under current CO2 policy frameworks in North America and Europe.”

“As the world proactively seeks technology solutions that limit greenhouse gas emissions, we recognize that carbon capture technology is an important decarbonization lever available today to reduce...