UK-based Doosan Babcock and Korea’s Doosan Heavy Industries are hoping to put themselves at the forefront of the carbon capture and storage (CCS) market by licensing carbon capture technology from HTC Purenergy.
The two companies have announced a global technology licensing agreement with Canada-based HTC, and are also investing C$10 million in the company for a 15 per cent equity share. The deal is “an important step towards the full-scale demonstration of carbon capture and storage,” according to Iain Miller, CEO of Doosan Babcock.
The agreement gives Doosan the right to use products and technologies developed by HTC and the University of Regina Greenhouse Gas Technology Centre located in Saskatchewan, Canada. The C$10 million investment will be used by HTC to deliver leading edge CO2 capture technology and for R&D purposes at the University of Regina.
Doosan Babcock expects that from around 2015, roughly half of the global new build coal and gas fired power projects in the world (80-100 GW annually) will use CCS technology to reduce carbon emissions.
The agreement means that Doosan Babcock has both pre- and post-combustion CCS technologies in its developing portfolio, and will enable the company to participate in large-scale CO2 capture projects in Europe and the USA. The deal will also bring OEM and project execution capabilities to HTC.
“HTC is pleased to have the opportunity to partner with Doosan, an internationally renowned Engineering Procurement Constructor (EPC) and OEM of clean coal power plants and emission control technologies,” said Lionel Kambeitz, CEO of HTC Purenergy. “The partnership with Doosan will immediately provide engineering, construction and execution capability to facilitate deployment of the HTC/University of Regina, CO2 capture technology.”
HTC’s CCS technology is an amine-based flue gas scrubbing system. It is 30 per cent more efficient than other existing CCS technologies, according to Doosan Babcock, which is currently developing oxyfuel technology, as a carbon capture option, at its Renfrew facility.
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