{"id":41245,"date":"2022-09-28T17:31:34","date_gmt":"2022-09-28T09:31:34","guid":{"rendered":"https:\/\/www.newtopchem.com\/archives\/41245"},"modified":"2022-09-28T17:31:34","modified_gmt":"2022-09-28T09:31:34","slug":"basf-to-jointly-develop-modular-carbon-capture-solution-with-south-koreas-gs-construction-co-ltd","status":"publish","type":"post","link":"http:\/\/www.newtopchem.com\/archives\/41245","title":{"rendered":"BASF to jointly develop modular carbon capture solution with South Korea’s GS Construction Co., Ltd.","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
\n Latest News:<\/strong>\n <\/p>\n \n \u25cf One-stop solution covering professional engineering services, carbon capture, project financing, carbon sequestration and utilization\n <\/p>\n \n \u25cf Contribute to sustainable development and save costs by capturing CO2 from flue gas through BASF\u2019s OASE\u00ae blue process technology\n <\/p>\n \n \n September 28, 2022 – BASF and Korea GS Construction Co., Ltd. (GS \n This modular carbon capture solution combines BASF’s advanced OASE\u00ae blue carbon capture process technology with GS \n BASF\u2019s OASE blue carbon capture technology captures carbon dioxide from flue gas, contributing to sustainable development and saving costs; while GS \n Sun Yiling, Vice President of Amine, Acetylene and Carbonyl Derivatives Business Management at BASF’s Asia Pacific Intermediates Business Unit, said: “Mature CCUS technology is one of the main options for accelerating global CO2 reduction. BASF and GS \n Yoon Hong, President, New Business Division, GS E&C \n “The essence of OASE technology is that it can be highly customized to meet the needs of various applications. In this project, we are pleased to cooperate with forward-looking partners, committed to providing Several viable areas to serve in the CCUS market.\u201d\n <\/p>\n \n John Kwangho, Head of Modularity, GS E&C \n The OASE family of technologies is one of BASF’s transcendent products that make a significant contribution to the sustainable development of the value chain.\n <\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"excerpt":{"rendered":" Latest News: \u25cf One-stop solution covering professional …<\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[6],"tags":[14212,13321],"gt_translate_keys":[{"key":"link","format":"url"}],"_links":{"self":[{"href":"http:\/\/www.newtopchem.com\/wp-json\/wp\/v2\/posts\/41245"}],"collection":[{"href":"http:\/\/www.newtopchem.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.newtopchem.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.newtopchem.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.newtopchem.com\/wp-json\/wp\/v2\/comments?post=41245"}],"version-history":[{"count":0,"href":"http:\/\/www.newtopchem.com\/wp-json\/wp\/v2\/posts\/41245\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.newtopchem.com\/wp-json\/wp\/v2\/media?parent=41245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.newtopchem.com\/wp-json\/wp\/v2\/categories?post=41245"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.newtopchem.com\/wp-json\/wp\/v2\/tags?post=41245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n <\/p>\n
\n E&C) signed a Memorandum of Understanding (MoU) on a strategic cooperation in joint development of modular carbon capture facility solutions. Both parties hope to develop individualized turnkey solutions for customers in various industries through standardized elements to remove carbon dioxide from exhaust gases and reuse or store them.\n <\/p>\n
\n E&C’s professional engineering capabilities enable rapid delivery to customers and optimize capital expenditures (CAPEX) and operating expenses (OPEX). This will effectively shorten the implementation steps of carbon capture, utilization and storage (CCUS) projects from concept to actual operation.\n <\/p>\n
\n E&C will provide one-stop solutions covering professional engineering services, carbon capture, project financing, storage and utilization to help carbon dioxide emissions become carbon neutral.\n <\/p>\n
\n E&C teaming up to demonstrate their commitment to reducing carbon emissions. ”\n <\/p>\n
\n Huh said: \u201cWe want to build and continue to strengthen our partnership in green energy. This combination of strengths will allow us to become a global leader in carbon capture solutions. This partnership agreement marks a step towards achieving our climate goals. a crucial step.”\n <\/p>\n
\n Jung concluded: \u201cOne of the biggest challenges facing the renewable energy industry is reducing uncertainties related to safety, quality, cost and schedule that can significantly impact the economic options for projects. GS
\n E&C has extensive modular experience and can provide effective solutions to reduce these risks. ”\n <\/p>\n