ATLANTA, March 25, 2021 -- Honeywell (NYSE: HON) announced today that Aker Carbon Capture (Euronext Growth Oslo: ACC) has selected Honeywell as a key contributor to its work on some of the world’s largest carbon dioxide (CO2) capture and storage endeavors focused on helping Europe reach its long-term climate goals. Aker Carbon Capture will use Honeywell’s software, along with its proprietary tools, for research and development (R&D) in key project operations.

Heavy industry continues to be one of the most significant contributors to man-made carbon emissions that some scientific research* implicates as a primary cause for climate change. Several governments are working with companies to capture carbon emissions during production. European governments are developing onshore terminals to receive liquified CO2 from industrial capture sites. The terminals process and deliver liquified CO2 by pipeline to an offshore storage location under the ocean for permanent storage. Some of these projects will be critical drivers in helping Europe meet its ambition of carbon-neutrality by 2050 through the scaling up CO2 capture across the continent.

“Honeywell software helps make some of the world's largest buildings and industrial facilities safer, more sustainable and more efficient,” said Stuart Morstead, VP and GM for Honeywell Connected Industrial. “We are pleased to be bringing our software solutions to Aker Carbon Capture as we work together to help Europe meet its carbon neutrality goals.”

Honeywell brings its experience in leveraging digital tools to design, run and optimize industrial environments. Honeywell’s expertise in digital transformation and process simulation solutions will help Aker Carbon Capture with research & design tasks in order to achieve its sustainability targets.

Aker Solutions, a sister company of Aker Carbon Capture, has been using Honeywell’s UniSim Design software, part of Honeywell Forge family of solutions, for several years to enable key operational processes across the company. Now Aker Carbon Capture can utilize UniSim Design’s extensibility in three key areas to complement their proprietary software:

• Design – UniSim Design will be used to create steady-state and dynamic models through the appropriate selection of thermodynamics properties, feed compositions, operating conditions and control operations. The solution will enable engineers to estimate energy consumption and emissions in order to calculate energy for equipment, native molecular balance capabilities and thermodynamic models for CO2 compression, pipeline transport and de-pressuring.
• Optimize – The software leverages digital twin technology – digital replications of processes – which is used to simulate complex processes and analyze scenarios to determine optimal operating conditions.
• Monitor – The solution will allow engineers to monitor plant assets and key operational processes in real time to ensure safer operations, by comparing their current conditions to the UniSim Design prediction models, and understand any performance deltas.

UniSim Design’s modeling and monitoring capabilities allow industrial plants and carbon capture facilities to achieve sustainability goals by managing energy inputs more efficiently and enabling the core operations of carbon capture sites. Learn more about the software solution on our website.

_{*Source – The World Economic Forum: Heavy industries have a vital role to play in fighting climate change https://www.weforum.org/agenda/2019/09/heres-how-heavy-industry-can-clean-up-its-act/}

About Honeywell:
Honeywell (www.honeywell.com) is a Fortune 100 technology company that 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.

About Aker Carbon Capture:
Aker Carbon Capture is a pure play, carbon-capture company with solutions, services and technologies serving a range of industries with carbon emissions, including the cement, bio and waste-to-energy, gas-to-power and blue hydrogen segments. Aker Carbon Capture’s proprietary, carbon-capture technology offers a unique, environmentally friendly solution for removing CO2 emissions. The company is majority-owned by Aker Horizons (Euronext Growth, Oslo: AKH), a planet-positive investment company dedicated to creating value and reducing emissions from renewable energy and decarbonization technologies.