Honeywell To Collaborate With SK E&S To Deploy Carbon Capture Technology Across Korea And Southeast Asia

DES PLAINES, Ill., SEPTEMBER 26, 2023 - Honeywell today announced a collaboration with SK E&S, an affiliate of Korean conglomerate SK Group, to deploy Honeywell carbon capture technology to help enable SK to accelerate the energy transition in Korea and other parts of Southeast Asia.

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SK and Honeywell are deploying Honeywell UOP’s Advanced Solvent Carbon Capture (ASCC) system at a SK E&S natural gas power plant to showcase carbon capture’s vital role in decarbonizing hard-to-abate industries such as power generation, steel, cement, and petrochemicals. Honeywell’s technology is a key element to SK E&S’s pursuit to build a portfolio of sustainable solutions to provide to its customers as it becomes an early mover in sustainability in Korea.

Honeywell’s Advanced Solvent Carbon Capture technology is specifically designed for post-combustion flue gas applications, enabling greater than 95 percent carbon dioxide (CO2) capture.1 This technology can be retrofitted within existing plants or included as part of a new installation.

“Joining efforts in Korea to deploy Honeywell Advanced Solvent Carbon Capture technology will further complement SK E&S portfolio of end-to-end environmentally friendly solutions to decarbonize both SK E&S’ assets and in the future our customers’ assets, as we aim to be a leader in decarbonizing Korea and Southeast Asia,” said TB Cha, Head of Net Zero Technology Center at SK E&S. “We look forward to collaborating with Honeywell to demonstrate a competitive and reliable post-combustion capture system for broad deployment.”

“Working with SK E&S will demonstrate Honeywell’s ready now ASCC technology to help decarbonize fossil-fuel power generation, which is an essential component of the overall energy transition,” said Barry Glickman, vice president and general manager, Honeywell Sustainable Technology Solutions. “This collaboration is a key milestone in demonstrating post-combustion capture technology in natural gas power plant applications, allowing Honeywell to showcase its advanced technology and modular equipment supply capabilities.”

Honeywell is an energy transition leader with over a century’s worth of experience and expertise. Honeywell is committed to achieving carbon neutrality in its operations and facilities by 2035. This commitment builds on the company's track record of sharply reducing the greenhouse gas intensity of its operations and facilities, as well as its decades-long history of innovation to help its customers meet their environmental and social goals. About 60% of Honeywell's new product introduction research and development investment is directed toward products that improve environmental and social outcomes for customers.2

SK E&S (www.skens.com/en/sk/main/index.do) is an energy company that is part of the SK Group family of companies. The company has business operations across the renewable energy, hydrogen, energy solutions and liquefied natural gas (LNG) industries. SK E&S has been focused on diversifying its portfolio to become a leading global clean energy and solution provider. For more news and information on SK E&S, please visit media.skens.com.

For more information on Honeywell’s carbon capture solutions, visit https://pmt.honeywell.com/us/en/solutions/sustainability/carbon-capture.

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About Honeywell

Honeywell (www.honeywell.com) delivers industry-specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Our technologies help aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.

¹ Pilot plant testing at NCCC confirms greater than 98% CO2 capture is achievable.
² Methodology for identifying ESG-oriented solutions is available at investor.honeywell.com (see "ESG/ESG Information/Identification of ESG-Oriented Offerings").