Baker Hughes Acquires Exclusive License from SRI International for Mixed Salt Process Technology for Carbon Capture
March 29 2021 - 8:00AM
Business Wire
- Agreement further expands and complements Baker Hughes CCUS
technology portfolio offering to strategically position for new
energy frontiers
- Mixed Salt Process technology enables significant carbon
capture separation cost reductions, providing Total Cost of
Ownership savings for energy and industrial operators to
decarbonize operations
- CCUS technologies are critical for putting energy systems
around the world on a sustainable path
Baker Hughes (NYSE: BKR) announced it has entered into a global
exclusive licensing agreement with SRI International to use SRI’s
innovative Mixed-Salt Process (MSP) for CO2 capture. SRI has
received support from the U.S. Department of Energy’s Office of
Fossil Energy (FE) and National Energy Technology Laboratory (NETL)
in developing its MSP technology. The agreement with SRI follows
Baker Hughes’ acquisition of Compact Carbon Capture announced in
November 2020, and further expands and complements its CCUS (carbon
capture, utilization, and storage) for applications such as the
treatment of flue gases from fossil fueled power plants, gas
turbines, industrial applications, and the cement industry.
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The advancement of carbon capture technology solutions is widely
considered critical to delivering CO2 emissions reductions needed
to meet global 2050 climate and net-zero emissions targets. In the
energy and industrial sectors, carbon capture is among the most
viable decarbonization paths for both retrofitting existing assets
and greenfield projects. The Baker Hughes CCUS portfolio features
advanced turbomachinery, solvent-based state-of-the-art capture
processes, well construction and management for CO2 storage, and
advanced digital monitoring solutions.
“The Mixed Salt Process combines an efficient, post-combustion
carbon capture process that uses a novel solvent formulation that
relies on commodity chemicals. Our process has the benefits of a
low manufacturing carbon footprint, reduced energy consumption and
greater efficiency. The technology also differentiates itself from
other state-of-the-art amine-based carbon capture technologies by
negligible solvent-degradation and reduced water use, as well as
the fact it uses a widely available and environmentally friendly
solvent,” said Manish Kothari, president of SRI International. “As
an energy technology company committed to the energy transition,
Baker Hughes is the ideal partner to demonstrate the advantages and
commercial benefits of our MSP solution.”
“Technology plays a key role in ensuring that new energy
frontiers such as CCUS are cost-competitive and sustainable,” said
Rod Christie, executive vice president of Turbomachinery &
Process Solutions at Baker Hughes. “In this period of CCUS market
formation we are strategically and purposefully investing in the
development and industrialization of innovative technologies to be
deployed in a cost-effective manner once the market reaches
maturity. Once commercialized, the MSP has the potential to
contribute to the advancement of CCUS, providing a lower-cost and
energy-efficient carbon capture solution with reduced emissions,
making it ideal for commercial applications.”
The MSP developed by SRI currently has a technology readiness
level of 4 as per the scale defined by the European Union as part
of the Horizon 2020 framework program. The MSP combines readily
available potassium and ammonia (NH3) salt solutions to enable
reduced reboiler and auxiliary electric loads, emissions, and water
usage. In addition, the MSP requires a smaller footprint than
competing CCUS solutions.
About SRI International:
SRI International creates world-changing solutions making people
safer, healthier, and more productive. SRI, a research center
headquartered in Menlo Park, California, works primarily in
advanced technology and systems, biosciences, computing and
education. SRI brings its innovations to the marketplace through
technology licensing, spin-off ventures and new product
solutions.
About Baker Hughes:
Baker Hughes (NYSE: BKR) is an energy technology company that
provides solutions to energy and industrial customers worldwide.
Built on a century of experience and with operations in over 120
countries, our innovative technologies and services are taking
energy forward – making it safer, cleaner and more efficient for
people and the planet. Visit us at bakerhughes.com
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version on businesswire.com: https://www.businesswire.com/news/home/20210329005134/en/
Media contact for Baker Hughes: Stephanie Price +1
281-605-8399 Stephanie.price@bakerhughes.com
Investor Relations for Baker Hughes: Jud Bailey +1
281-809-9088 investor.relations@bakerhughes.com
Media contact for SRI International: Molly Hendriksen +1
510-418-2511 Molly.hendriksen@berlinrosen.com
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