Ceox, a technology provider for Zero Emissions Power Plants (ZEPP) and Pace, experts in CO2 modelling and thermodynamics and CCUS, have teamed up to deliver cost-saving zero emissions energy to big industrials.
The joint venture will harness the novel power cycles developed by Ceox and the world leading expertise of Pace in delivering CO2 modelling and design for many of the global CCUS projects currently under design and construction. Their ambition is to deliver simple solutions using existing technology to break down the barrier between the initial capture of CO2 from an industrial plant, and the fast-evolving CCUS hubs and storage networks.
Although recognised by the IEA and other industry insiders as leading the path to sustainable energy, the high costs and complexity of capturing CO2 from flue gases has been a barrier to widespread deployment of CCUS technology. That is, until now.
Richard Sheppard, Head of Technology Development at Ceox explains:
“For efficient transportation and storage, compressed CO2 must be received from industrials at a high level of purity. The capability of a Ceox plant to deliver captured CO2 that is “pipeline ready” without the need for scrubbing saves time and reduces costs whilst meeting the necessary purity level required by CCUS networks.”
The process of removing sufficiently pure CO2 from the impurity-laden by-products of industrial combustion is the single highest cost link in the CCUS chain as it requires chemical solvents combined with heat and power.
Matthew Healey, founder and director of Pace, says their innovation in carbon capture is a game changer:
“As world leaders in CCUS design, we understand the challenges. Ceox’s technology integrates CO2 capture with power generation, utilises the inherent properties of CO2 to improve efficiency, manages impurities, and uses less equipment and less space than a conventional capture process. All without any new or novel elements.”
The move plays into both companies’ strategies of deploying robust, mature technology into the carbon capture sector. With more countries passing or proposing legislation to reach net zero by 2050, CCUS is seeing unprecedented amounts of investment entering the sector as the drive for sustainable energy grows. The time to decarbonise is now.
Founded in 2016, Ceox has developed patented technology that generates continuous industrial power with zero greenhouse gas emissions for customers and stakeholders to reduce their costs and carbon footprint.
Pace was established in 2017 and is the leading global engineering consultant to the CCS industry.