Pace CCS and Hafnium Labs have today announced a groundbreaking initiative set to revolutionise the Carbon Capture, Transportation, and Storage (CCS) industry. Supported by the EU, Innovation Fund Denmark and Innovate UK, the project has received a total of €750,000 (£665,000), bringing the total to €1 million, allowing the development of the world’s first digital twin software for full chain CCS networks.
The aim of the CCSTwin software is to optimise CCS networks, providing engineers with the tools needed to build and operate CCS networks that are financially viable and environmentally responsible.
Digital twins have already been essential in streamlining processes in the oil and gas industry, however, their application to CCS networks has been limited by the lack of data, network interactions and software maturity available.
The CCSTwin software aims to overcome this roadblock, providing integrated design, speed, and optimisation of CCS networks. The software will enable engineers to make safer, faster and more cost-efficient decisions throughout the CCS network lifecycle, reducing the risk of accidents and saving an estimated €2 billion annually. In addition, the software is set to reduce CO2 emissions by 150 million tonnes a year.
The two-year project, which began on 1 April 2023, will be conducted by Pace CCS, an industry leader in digital twins for CCS and Hafnium Labs, a specialist in complex mixtures.
Commenting on the announcement, Pace CCS CEO, John Smith said: “We are delighted to be working in collaboration with Hafnium Labs on such an important project. We are fully committed to providing engineers with the tools they need to build and operate CCS networks that are both economically viable and environmentally responsible.”
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